Bank of Baroda Car Loan in Kochi
Last Updated : April 4, 2017, 5:14 p.m.
About Bank of Baroda Car Loan Kochi
Awestruck with a beautiful and sleek car passed you by on the streets of Kochi? Well, that very car can be yours with Bank of Baroda Car Loan offer. Bank of Baroda (BoB) is a major public sector bank that provides a loan to buy all types of cars be it the passenger cars, sports utility vehicles (SUVs) or even the multi-utility vehicles (MUVs). So, what are you waiting for? Just look at the salient features and details of Bank of Baroda Car Loan in Kochi.
Bank of Baroda Car Loan Kochi 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
In order to drive the car in Kochi, 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 Kochi. 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.
Documentation
Do keep in mind the documents that Bank of Baroda requires to process your car loan application in Kochi. The documents are easy to arrange. All you need is to submit proofs of your identity, income, and residence in Kochi. 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 Kochi
Bank of Baroda Car Loan Kochi Branches
You can find some branches of BoB in Kochi to apply for a car loan. Want to know branches there? See the table below.
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Cochin | Cochin Branch, PB 222 Palace Road, Mattanchery (Ernakulam Dt.)- 682002 | BARB0COCHIN | 682012003 | 0484-2224822 |
| Ernakulam | Ernakulam Branch, Pallimukku, M G Road, Ernakulam-682016 | BARB0ERNAKU | 682012002 | 0484-2351205 |
| Ernakulam- North | Ernakulam-North Branch, 36/637 - A Bannerji Road. Ernakulam North Cochin, Ernakulam, Ernakulam- 682018 | BARB0ERNPOR | 682012007 | 0484-2366264, 2360553 |
| Kochi | Kochi Branch, 28/94, Panampilly Avenue, Panampilly Nagar, Kochi- 682036 | BARB0KOCHBS | 682012008 | 0484-2310166 |
| Vytilla | Near Welcare Hospital, S A Road ,Vytilla, Ernakulam, Kerala-682019 | BARB0VYTILA | 682012010 | 0484-2389135 |
| W. Island | W. Island Branch, Willington Island; Cochin 3. Ernakulam.Kerala, Cochin-682003 | BARB0WILLIN | 682012004 | 0484-2666660 |
| Palarivattom | First Floor, 34/1860 A, Alwaye Ernakulam Main Road, Mamangalam, Palarivattom Po, Ernakulam-682 025 | BARB0PALARI | 682012012 |