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    Bank of Baroda Car Loan EMI Calculator

    For customers wishing to avail a car loan to fund their dream cars, the first thing that they would wish to know is the EMI they would have to pay every month towards repaying the loan. With the Bank of Baroda Car Loan EMI Calculator customers can calculate the EMI they would have to pay in a few seconds. Customers can also check their eligibility for a car loan on the BankBazaar website.

    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.

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    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 customers 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.

    Currently, the rate of interest on car loans offered by Bank of Baroda is 9.75% (floating). Let us calculate the EMIs a customer would be required to pay for different tenures. We will also assume that the processing fee is 2%.

    Loan amount (Rs.) Interest rate Processing fee EMI for 2 years (Rs.) EMI for 3 years (Rs.) EMI for 4 years (Rs.) EMI for 5 years (Rs.) EMI for 6 years (Rs.) EMI for 7 years (Rs.)
    10 lakh 9.75% 2% 46,030 32,150 25,243 21,124 18,400 16,472
    15 lakh 9.75% 2% 69,044 48,225 37,864 31,686 27,600 24,708
    20 lakh 9.75% 2% 92,059 64,300 50,485 42,248 36,800 32,945
    25 lakh 9.75% 2% 1,15,074 80,375 63,107 52,811 46,000 41,181
    30 lakh 9.75% 2% 1,38,089 96,450 75,728 63,373 55,200 49,417
    35 lakh 9.75% 2% 1,61,104 1,12,525 88,349 73,935 64,400 57,653
    40 lakh 9.75% 2% 1,84,118 1,28,600 1,00,971 84,497 73,600 65,889

    *Interest rates are subject to change following the inclusion of GST from July 1, 2017.

    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.

    Compare car insurance quotes to identify the plan that gives you the best premium rate.

    FAQs

    1. Can I change the interest rate and tenure using the Bank of Baroda EMI car loan calculator?

    Yes you can change the interest rate and tenure any number of times using the Bank of Baroda EMI car loan calculator.

    2. Can you explain what an is amortization table?

    A car loan amortization table displays the breakup of the principal amount, interest rate, the total paid amount, and the outstanding loan balance. It basically a graphical representation of the loan breakup and the loan progress.

    3. What is the formula used to make EMI calculations?

    EMI Is calculated using the following formula:

    EMI = [P x R x (1+R) ^N] / [(1+R) ^N – 1],

    Where, P is the principal amount, R is the interest rate on a monthly basis, and N is the number of installments.

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

    4. What is the subscription fee for the BankBazaar EMI calculator?

    The BankBazaar EMI calculator is completely free of cost. At no point will customers be charged to use this tool.

    5. Is it faster to make EMI calculations manually?

    No, it’s not possible to make EMI calculations faster manually than the EMI calculator. Also, making such calculations manually will lead to errors.

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    GST of 18% is applicable on all banking products and services from the 1st of July, 2017.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar’s partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

     

    Car Loan Reviews

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    • Bank of Baroda Car Loan
      "This very important to me know Omni car loan request apply t"
      0.5 5.0/5 "Blown Away!"
      Loan amount needed for the status of my business and personal with you can saported you read the status of my business partners in the check to see below for more details please check attached snapshots you read message request apply for the i
      Was this review helpful? 0
      , kanpur
      Reviewed on Feb 01, 2019
    • Bank of Baroda Car Loan
      "Normal Loan"
      0.5 3.0/5 "Satisfactory"
      They have approved the loan immediately from Bank of Baroda hence i have chosen them. I got the car loan in last year August. I have applied the loan amount of Rs. 8 lakhs and they have approved the same. They have charged me a processing fee of Rs. 1800 and the interest rate is nominal.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 19, 2019
    • Bank of Baroda Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with them has been quite good with this loan where the loan amount has been sufficient. The interest rate which they offered has been nominal when compared with the market rate and there has not been any extra charges which they had made so far. Their customer support team had also been supportive as well.
      Was this review helpful? 4
      , navi mumbai
      Reviewed on Jan 18, 2019
    • Bank of Baroda Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It has been a good experience i had with this loan. The loan amount which they had provided has been sufficient and the interest rate with them has also been nominal, there has not been any sort of additional charges which they had made for this loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 07, 2019
    • Bank of Baroda Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience i had with this Car loan has been good where there has not been any hassle faced in getting this loan. The loan amount which they had provided has been sufficient and has been satisfactory. The interest rate has been nominal with them when compared with the market rate.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 24, 2018
    • Bank of Baroda Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The BANK OF BARODA has disbursed the car loan within 4 hours of time. The customer support service and the response is excellent with the bank of Baroda. I have submitted the documents on the same day and same time I have got the loan from the bank of Baroda.
      Was this review helpful? 2
      , chennai
      Reviewed on Apr 17, 2018
    • Bank of Baroda Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a car loan with Bank of Baroda and my loan experience was very good, the loan amount was for Rs 2.15 lakhs with nominal interest and the tenure period is for 7 years. Customer service was good and they followed up on time. Overall it was a good service from BOB.
      Was this review helpful? 3
      , faridabad
      Reviewed on Apr 17, 2018
    • Bank of Baroda Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Around 8 months ago, i have got the car loan from the BANK OF BARODA . The customer support service is good with the bank of baroda and they give good response to the customers. They had disbursed the car loan amount within a week time . The rate of interest and the charges are very low when compared with others.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Mar 29, 2018
    • Bank of Baroda Car Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I have taken a Car loan with Bank of Baroda,The,loan amount is 5.50 lakhs,rate of interest is very low as compared to others.I had submitted the standard documents and they had processed the loan within 2-3 days without processing fees.The loan is active another seven months left.
      Was this review helpful? 1
      , chennai
      Reviewed on Jan 23, 2018
    • Bank of Baroda Car Loan
      "Really good"
      0.5 5.0/5 "Blown Away!"
      I have closed the car loan with the Bank of Baroda and the rate of interest was not aware by my end. I am happy with them and I don't have any issues on it. Everything is fine one with the Bank of Baroda.
      Was this review helpful? 4
      , new delhi
      Reviewed on Dec 11, 2017
    • Bank of Baroda Car Loan
      "Hassle free process"
      0.5 5.0/5 "Blown Away!"
      Bank of Baroda has also given me the benefit of the car loan. They have contacted me on time and informed me the details. They were proactive in the process and I got the loan as needed. I also got a decent deal on the interest rate and processing fee.
      Was this review helpful? 5
      , vadodara
      Reviewed on Nov 08, 2017
    • Bank of Baroda Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Within two days Bank of Baroda have processed my car loan request it was very fast process. Even I am surprised about their procedure. BOB service is also excellent, somewhat interest rate is higher. I purchased the Swift dezire, loan amount Rs. 6lakhs for the tenure seven years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 06, 2017
    • Bank of Baroda Car Loan
      "good service"
      0.5 4.0/5 "Great!"
      It is a excellent service from BANK OF BARODA for my car loan service ,customer service and representatives were very helpful and responsible in responding ,I can say the overall service is excellent from BANK OF BARODA . I don't have any issue till now.
      Was this review helpful? 2
      , thane
      Reviewed on Oct 10, 2017
    • Bank of Baroda Car Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The customer service is not up to the mark from bank of Baroda . I have visited the bank branch to process the documentation. The verification has been done in a very good way. Within 3 days of time, I got the loan from bank of Baroda. This loan has the tenure of 7years. The rate of interest is nominal with bank of Baroda.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Oct 09, 2017
    • Bank of Baroda Car Loan
      "Poor service"
      0.5 2.0/5 "Expected more"
      I have checked the car loan process with Bank of Baroda , but the executives told that they will get back to me but they haven't gave any response in regards to my car loan application. The service part need to be improved with Bank of Baroda. The customer service also need to be improved.
      Was this review helpful? 3
      , lucknow
      Reviewed on Sep 08, 2017
    • Bank of Baroda Car Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      I have got the car loan with bank of Baroda for very low interest rate , because I am staff at bank of Baroda. The customer service was good with Bank Of Baroda ., they have disbursed my loan immediately after the approval. I would say I got very good service from bank of Baroda.
      Was this review helpful? 2
      , madurai
      Reviewed on Aug 31, 2017
    • Bank of Baroda Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bank Of Baroda has done well in the process of the car loan. The customer services and response from them was good and the process was very much smooth and hassle free ,loan amount was 3 laks and ROI is 8.5% and EMI is around 4500 for 7 years they dint ask much of documents also it was normal.
      Was this review helpful? 2
      , navi mumbai
      Reviewed on Jul 01, 2017
    • Bank of Baroda Car Loan
      "Friendly Manager"
      0.5 5.0/5 "Blown Away!"
      Three years ago, I had taken the car loan from Bank of Baroda. The tenure is 60 months and the emi would be 12,500. I am done with 32 EMIs. Till date there is no default in my payment. The bank manager was very friendly, he guided me in a proper way and supported a lot. They proper used to send notifications via message and letters.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 20, 2017
    • Bank of Baroda Car Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      Bank Of Baroda has done well in the process of the car loan. The customer services and response from them was good and the process was very much smooth and hassle free.Bank executives came and collected all my documents,loan amount was 5 laks and ROI is 8.85% and EMI is around 5k for 7 years they dint ask much of documents also.
      Was this review helpful? 1
      , surat
      Reviewed on May 21, 2017
    • Bank of Baroda Car Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I had taken my car loan from Bank of Baroda and the process was good. I am happy about the services from the branch which is near to my location. They offered me a good deal of 8.8% on the interest rate and the processing charges was normal too. It was a nice experience overall.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 09, 2017
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