Vadodara Car Loan

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Vadodara or Baroda is an important city in Gujarat, the Indian state. It is situated towards the south-east corner of Ahmedabad - another significant metropolis in the state.It is the 20th largest city in India and the 3rd biggest city in Gujarat. Due to its rich cultural heritage, Vadodara is also popularly known as the “Sanskrit Nagar” or the “Kala Nagari”.Vadodara’s economy is mostly focused on compounds & fertilizers, medicines, fisheries, fiber weaves, dairy and machine gears. Some significant crops harvested in Vadodara are rice, wheat, grams, yellow peas, yarn and sugarcane. More than 120 public schools and 100 odd private schools exist in Vadodara and it also houses many important educational institutes of the nation.

About Car Finance: Personal Car Finance is a complete subsector of personal finance, with numerous different products available. These include a straightforward car loan, hire purchase, personal contract hire (car leasing) and Personal Contract Purchase. Therefore car finance includes but is not limited to vehicle leasing. These different types of car finance are possible because of the high residual value of cars and the second hand car market, which enables other forms of financing beyond pure unsecured loans.

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You’re probably eligible for an Vadodara Car Loan if you are

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At least 21 years old

Less than 67 years old

Salaried / Self – Employed
with regular income

Earn more than the minimum
income required

Check if you’re eligible >>

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Your Vadodara Car Loan amount eligibility is based on these factors

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Minimum income required Rs.2,40,000 per annum

Loan capped @
85% Ex-Showroom price

EMIs of other loans lower
your eligibility

Check how much you can borrow >>

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Increase your eligible Vadodara Car Loan amount by these steps

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Pay off your credit card bills

Choose longer tenure loan up to 5 years

Check eligible loan amount >>

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Documentation needed to apply for an Vadodara Car Loan

• 1. Photo ID and age proof
• 2. Signed application form with photograph
• 3. Residence proof
• 4. Last 6 months bank statement
• 5. Documentation for salaried applicants:
  • Last 3 months salary – slips
  • Form 16 or Income Tax Returns
• 6. Documentation for self-employed applicants:
  • Last 3 years Income Tax Returns with computation of Income
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Apply now >>

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Vadodara Car Loan Interest Rates_{Updated on 24 Sep 2017}

Vadodara Car Loan Details

Interest Rate (Monthly reducing balance)	10.5% - 12.75%
Processing Fees	Rs. 500 to Rs, 5,000
Loan Tenure	1 year to 5 years
Pre-closure Charges	2% to 4% on outstanding loan amount
Guarantor Requirement	No guarantor required