Apply for best Car Loan at Bank of Baroda in Jammu-Wishfin

Bank of Baroda Car Loan in Jammu

About Bank of Baroda Car Loan Jammu

Bank of Baroda (BoB), founded in 1908 at the helm of Maharaja Sayajirao Gaekwad III and Maharaja of Baroda, has covered a long distance from that time. It has now become one of the leading banks in India, serving a wide range of customer requirements such as a car loan. You can avail this loan from anywhere in the country which also covers your territory i.e. Jammu, located in the state of Jammu & Kashmir.

Bank of Baroda Car Loan Jammu at a Glance

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 ChargesNIL

Eligibility Criteria

In order to drive the car in Jammu, you would need to stand up to the test of eligibility as conducted by Bank of Baroda. There are a few eligibility criteria you as a borrower needs to meet for getting the disbursal of the car loan in Jammu. Follow the points below

  • 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.


Do keep in mind the documents that Bank of Baroda requires to process your car loan application in Jammu. The documents are easy to arrange. All you need is to submit proofs of your identity, income, and residence in Jammu. The bank could ask for additional details. So all that are shown 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
  • Business Establishment Proof-Utility Bills of Shops & Establishments, Any of Service Tax/Sales Tax/VAT Registration for Self-employed

For more details, visit Car Loan Jammu

Bank of Baroda Car Loan Jammu Branches

You can find some branches of BoB in Jammu to apply for a car loan. Want to know branches there? See the table below.

Branch NameComplete AddressIFSCMICRContact Detail
Gandhi NagarGandhinagar Branch, Gole Market, Jammu Tawi, Gandhi Nagar, Jammu-180004BARB0GANJAM1800120020191-2451481, 2437572
Purani MandiPurani Mandi, Jammu Tawi Jammu-180001BARB0JAMMUX1800120010191-2579412
NarwalOpposite PHP Pumping Station, Near Narwal Chowk, Narwal, Jammu, Jammu & Kashmir-180006BARB0NARJAM1800120030191-2474143

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%