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Bank of Baroda is giving car loan at the rate of 7% interest, check details immediately

If you are planning to buy a car this Navratri, then this news is of your use. Actually, on behalf of Bank of Baroda, car loans are being made available to the customers at a low rate of interest.

BoB is charging interest at the rate of seven percent

BoB has made a tweet from the official Twitter handle. It is written in it that hit the spot and take your favorite car customer home at affordable rates of interest. BoB is charging interest on car loans at the rate of seven per cent.

A link to the website has also been given on this tweet by BoB, in which all the information related to the car loan has been given. Apart from this, you can also apply for a car loan.

Loan is available on these cars

As per the link provided by BoB, you can take loan against hatchbank, sedan, MUV, SUV, sports car and luxury car. Like BoB, this loan can be availed by Salaried Employees, Traders, Businessmen, Corporates as well as NRI people.

On behalf of BoB, customers are getting the facility of financing up to 90 percent at the rate of seven percent interest.

BoB is claiming that this interest rate is quite economical as compared to other banks.

Know the interest rate of other banks

While BoB is charging interest at the rate of seven per cent, State Bank of India (SBI) is charging interest at the rate of 7.20 per cent.

Canara Bank charges interest at the rate of 7.30 per cent.

Interest is charged at the rate of 7.45 per cent in Axis Bank.

Talking about Federal Bank, it is charging the highest interest rate of 8.50 percent on car loan.


BoB offers attractive interest rates on loans to all the customers based on their credit score. Also, existing home loan borrowers with good credit history get a 0.25% discount on their car loan interest rate.

The car loan limit has been kept by the bank up to one crore rupees, which means you can take a car loan of one crore rupees from the bank.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @
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