Bank of Baroda Car Loan in Chennai
Last Updated : April 4, 2017, 10 a.m.
About Bank of Baroda Car Loan Chennai
Residing in the picturesque locales of Chennai? Dreaming of a car to view the spectacle of the city with your friends while driving here? Looking for an attractive car loan offer? Well, your search ends at Bank of Baroda (BoB), one of the leading public sector bank that offers a suitable loan to finance your car dream. Definitely, you would want to gain information pertaining to Bank of Baroda Car Loan in Chennai. For that, you should stay glued till the end. So get ready as a wide range of information awaits.
Bank of Baroda Car Loan Chennai at a Glance
| Particulars | Details |
|---|---|
| Interest Rate | 7% onwards |
| Loan Amount | Upto ₹ 1 Cr |
| Loan Tenure | Upto 7 Years for New Cars. No Finance for Used Cars |
| Processing Fee | 0.50% of Loan amount Minimum: ₹2,500/- Maximum ₹10,000/- + GST |
| Prepayment Charges | NIL |
Eligibility Criteria
Driving your dream car in Chennai would require the passing of eligibility test as conducted by Bank of Baroda. The below points will give you an idea of the car loan eligibility.
- Both salaried and self-employed should be a minimum of 21 years at the time of loan application. While both of them must ensure they are not more than 65 years by the time the proposed loan tenure expires.
- The bank seeks a stable source of earning before approving the loan.
Documentation
Don’t take the documentation lightly as any negligence here could either delay the process or compel the lender to reject your car loan application. Therefore, you should give the due attention to the kind of documents that BoB require to give a nod to your car loan application submitted in Chennai. Find out the documents in the points below.
- Documents for Identity-PAN Card/Aadhaar Card/Passport/Voter ID/Driving License
- Documents for Residence Proof-Aadhaar Card/Passport/Voter ID/Utility Bills
- Documents for Income Proof–Latest Salary Slips & Form 16 for Salaried, Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years
- Last 6-month Bank Statement
- Documents for Business Establishment Proof-Utility Bills of Shops & Establishments, Any of Service Tax/Sales Tax/VAT Registration for Self-employed
For more information, visit Car Loan Chennai
Bank of Baroda Car Loan Chennai Branches
Chennai also houses a large number of BoB branches for you to grab a car loan deal. Being aware of the branch locator, IFSC Code, MICR Code and contact information of the branches would let you find the nearest one as well as facilitate other transactions like net banking. So, get a complete information on the same in the table below.
| Branch | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Alwarpet | Alwarpet Branch, 252 A, Ttk Road, Alwarpet, Chennai- 600018 | BARB0ALWARP | 600012004 | 044-23454226, 27 |
| Ambattur | Ambattur Branch, 119, Mth Road, Ambattur, Chennai- 600053 | BARB0AMBATT | 600012002 | 044-26580339 |
| West Mambalam | West Mambalam Branch, 90 Arya Gowda Road, West Mambalamm, Chennai- 600033 | BARB0CHENBS | 600012031 | 044-23454325 |
| Choolaimedu | Choolaimedu Branch, Sjm House, 52, Nelson Manickam Road, Choolaimedu, Chennai- 600094 | BARB0CHOOLA | 600012005 | 044-23454249 |
| Siet.College | Siet.College Branch, K.B.Dasan Road Teynampet, Chennai- 600018 | BARB0COLMAD | 600012014 | 40-23454302/ 23454000 |
| E.C. Street | E.C. Street Branch, 3 Eraballu Chetty Street, Chennai, 600001 | BARB0ECSTRE | 600012006 | 44-23454259, 23454261 |
| Egmore | Egmore Branch, 52, Montieth Road, Egmore, Chennai- 600008 | BARB0EGMORE | 600012007 | 044-28553889 |
| RamavaramCorporate Financial Services | Ramavaram Branch, 1&2 Girinagar, Ramavaram, Chennai- 600089 | BARB0GIRINA | 600012023 | 044-23454295 |
| Corporate Financial ServicesK.K.Nagar | Corporate Financial Services Branch, Chennai | BARB0INFIMA | 600012022 | 044-23454251 |
| K.K.Nagar | K.K.Nagar Branch, 20, Dr.Natesan Road, K.K.Nagar, Chennai- 600083 | BARB0KKNAGA | 600012018 | 044-23454272 |