Bank of Baroda Car Loan EMI Calculator

How to use BankBazaar Bank of Baroda EMI calculator to understand your car loan repayment?

To be certain of their debt-to-income ratio - customers can use the Bank of Baroda Car Loan EMI Calculator to decide the tenure of the loan. The Bank of Baroda Car Loan EMI Calculator on the BankBazaar website gives customers EMI calculations in seconds and in addition displays the amortisation table - a graphical representation of the loan breakup and the progress of the loan.

Bank of Baroda EMI Calculator - How does it work?

To calculate the car loan EMI from Bank of Baroda, customers will have to enter the below mentioned components of a car loan. The EMI calculator will give the customer an accurate result in seconds after the details have been entered.

• Loan amount - To select the loan amount one wishes to avail from the bank, customers have to drag the pointer on a scale to arrive at the loan amount you. For example, Rs.1 lakh, Rs.5 lakh, Rs.10 lakh.
• Tenure - Choose the loan tenure with the help of the pointer.
• Interest rate - Enter the interest rate that is offered by Bank of Baroda on car loans.
• Processing fee - The processing fee charged by Bank of Baroda has to be entered.
• Pre-payment - Customers can choose whether they want to make the EMI calculation with or without the prepayment.
  • If the customer does not want to include the prepayment charges in the EMI calculation, he/she can directly click on "calculate".
  • If one chooses to make pre-payments, he/she will have to provide the information listed below:
    • How the prepayment applies
    • Prepayment fee
    • Prepayment amount
    • Prepayment frequency

Click on the 'Calculate' once the information has been entered. The page will also display the amortisation graph.

Bank of Baroda offers new car loans at floating and fixed interest rates. The floating rate is linked to the repo rate plus a spread, and interest is calculated on the daily reducing balance. The rate you are offered depends on your CIBIL score, so enter the rate that applies to you in the calculator. The rates are given in the table below.

Note: Interest rates updated on 27 October 2026. 

Bank of Baroda gives a concession of 0.05% p.a. on the fixed rate to customers who opt for Group Credit Life Insurance, subject to a minimum fixed rate of 8.60% p.a. A concession of 0.25% p.a. applies to existing home loan borrowers with a good repayment record, and a concession of 0.50% p.a. applies where at least 50% of the loan limit is secured by liquid collateral such as a bank fixed deposit.

Bank of Baroda charges a processing fee of Rs.1,500 on car loans of up to Rs.10 lakh and Rs.2,000 on car loans above Rs.10 lakh, plus GST. The fee is Rs.1,000 under the Baroda Direct Car Loan Scheme and Rs.500 for State, Central and PSU employees, and it is nil for Baroda Yoddha customers and for customers who apply directly to the bank. Enter the processing fee that applies to you in the processing fee field of the calculator.

Bank of Baroda finances up to 90% of the on-road price of the car, so you pay a margin of 10%. The repayment tenure can go up to 84 months, and the minimum tenure for fixed-rate car loans is 37 months. Keep these limits in mind when you choose the loan amount and tenure in the calculator.

Bank of Baroda charges no prepayment or foreclosure charges on floating-rate car loans taken by individuals. For non-individual borrowers on a floating rate, the charge is 4% of the outstanding amount if the loan is prepaid within six months of disbursement, and nil after that. On fixed-rate car loans, part payments up to a cumulative Rs.40,000 within two years of the first disbursement are free; beyond that, or on closure within two years, a charge of 2% plus GST applies on the prepaid amount, and there is no charge after two years. Enter the applicable prepayment fee in the prepayment fields of the calculator.  

Currently, the rate of interest on car loans offered by Bank of Baroda starts at 7.60% p.a. (floating) as of 27 October 2026. Let us calculate the EMIs a customer would be required to pay for different tenures. We will also assume that the processing fee is Rs.1,500 for a loan of up to Rs.10 lakh and Rs.2,000 for a loan above Rs.10 lakh, plus GST.

Note: Interest rates updated on 27 October 2026. 

Features and Benefits

The Bank of Baroda car loan EMI calculator helps customers plan their finances well in advance by giving them accurate results in seconds. Apart from this, listed below are some of the features and benefits of the Bank of Baroda car loan EMI calculator.

• Through the BankBazaar user-friendly EMI calculator, customers will have EMI results in seconds.
• If they have any queries, or issues regarding the EMI Calculator, customers can contact the support team of BankBazaar.
• On the BankBazaar website, customers can make any number of calculations - all free of cost.
• Once the calculation has been made, the BankBazaar website displays the amortisation table - a graphical representation of the loan breakup and progress.
• On this financial tool, customers can enter different interest rates, processing fees, tenure and so on, to decide which tenure and loan amount will suit their current financial situation.
• Customers can make EMI calculations using the prepayment charges as well.

Eligibility Criteria

The eligibility criteria that must be met in order to avail a car loan from Bank of Baroda are mentioned below:

• Persons of Indian Origin (PIOs) can avail the loan.

• Non-Resident Indians (NRIs) can opt for the loan.

• Trusts, Public Limited, Private Limited, and Partnerships.

• Partnership Firm partners.

• Proprietors.

• Public Limited Company directors.

• Private Limited Company directors.

• Farmers

•  Professionals.

• Businessmen.

• Salaried employees.

Along with the categories above, the following conditions apply to a Bank of Baroda car loan:

•  The borrower must be at least 21 years old and a co-applicant at least 18 years old, and the applicant's age plus the repayment period must not exceed 70 years. 

• A minimum CIBIL score of 701 is required, although a score of -1 is also considered. 

• Total deductions, including the proposed EMI, must stay within 60% of income for salaried applicants earning below Rs.50,000 a month, 70% for Rs.50,000 to below Rs.1,50,000 and 80% for Rs.1,50,000 and above. For other applicants, the limit is 60% where average annual income of the last two years is below Rs.6 lakh and 80% where it is Rs.6 lakh or more. 

• The loan is for new passenger cars, MUVs and SUVs for private use, and the car is hypothecated to the bank until the loan is fully repaid. 

• Comprehensive insurance cover with the bank's clause is required on the financed car.

Documents needed include a photo ID with age proof, a signed application form with three passport-size photographs, residence proof and your bank statement for the last six months. Salaried applicants also need their last three months' salary slips and Form 16 or income tax returns, while self-employed applicants need their balance sheet and profit and loss account with income computation for the last two years, income tax returns for the last two years and business proof. 

What is the formula used to make EMI calculations?

This formula does not take into account the pre-payments that you make towards the loan.

Summary 

The Bank of Baroda Car Loan EMI Calculator on BankBazaar estimates your monthly EMI, total interest and amortisation schedule for a Bank of Baroda car loan in seconds. It is free to use, lets you test different loan amounts, interest rates, tenures and prepayments, and works with the rates, fees and eligibility conditions listed above. Use it to find an EMI you are comfortable with and confirm the final terms with Bank of Baroda before you apply.

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