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Bank of Baroda Car Loan EMI Calculator Jun 2017

Last Updated 26th Jun 2017

Bank of Baroda Car Loan Calculator

Lowest EMI on Bank of Baroda Car Loan - Rs. 1,647 per lakh

Loan Amount 2 Years 3 Years 5 Years 7 Years
Rs. 100,000 Rs. 4,603 Rs. 3,215 Rs. 2,112 Rs. 1,647
Rs. 300,000 Rs. 13,809 Rs. 9,645 Rs. 6,337 Rs. 4,942
Rs. 500,000 Rs. 23,015 Rs. 16,075 Rs. 10,562 Rs. 8,236
Rs. 1,000,000 Rs. 46,030 Rs. 32,150 Rs. 21,124 Rs. 16,472
Car Loan Calculator
Rs.

Factors affecting Bank of Baroda Car Loan EMI

  • Borrower age should be between 21 years to maximum 65 years
  • Maximum car loan amount offered by Bank of Baroda is up to 85.00% of on-road price
  • Interest rates starts @ 9.75% depending upon down payment, net income and other factors

Bank of Baroda Car Loan EMI

  • Car Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to Bank of Baroda against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With Bank of Baroda offering car Loans with loan tenure upto 84 years, the loan EMI can be as low as Rs. 1 per lakh, to make it more affordable and convenient to meet your car needs. Rate of interest offered by Bank of Baroda are as low as 9.75%.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

Bank of Baroda Car Loan Calculator Formula

Emi Calculator Formula

Here is an illustration of how Bank of Baroda Car Loan EMI is calculated:
In above formula,
P = Loan amount. This should be 85.00% of on-road price
n = tenure in month. For Bank of Baroda, this can be 84 months

Car Loan EMI Calculator Bank of Baroda - How it works?

Bank of Baroda Car loan calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.

  • Bank of Baroda Car loan calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Car Loan EMI – EMI changes in case of prepayment

In case you prepay your car loan, the outstanding balance on your car loan reduces. Bank of Baroda gives you two options:

  • Reduce your loan tenure and keep your car EMI same
  • Reduce the amount of EMI and keep your loan tenure same

It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the Bank of Baroda in this option.

Frequently Asked Questions on Bank of Baroda EMI Calculator

What is the lowest EMI per lakh offered by Bank of Baroda on Car loan?

Bank of Baroda offers car loan at 9.75% interest rate and hence lowest EMI on per lakh loan amount is Rs. 1,647.

Can I prepay my Bank of Baroda car loan?

Bank of Baroda offers you an option of prepayment at Nil charges.

Bank of Baroda Car Loan Customer Care Number, Email, Application Status, Branches

Bank of Baroda Car Loan Calculator Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 0562-253567
Ahmedabad 1800-223-344
Ambala 1800-223-344
Anand 0265-2361852
Aurangabad 0832-224003
Bangalore 080-22224746
Bhilai 1800-223-344
Bhilwara 1800-102-4455
Bhiwadi 0832-224003
Bhopal 0755-556274
Bhubaneswar Cuttack 0674-2517435
Bikaner 1800-102-4455
Chandigarh 0172-701617
Chennai 044-23454249
Cochin 0484-4027903
Coimbatore 0422-2303735
Dehradun 05946-22178
Delhi 011-3319192
Durg 1800-223-344
Faridabad 0129-2412681
Gandhinagar 0265-2361852
Ghaziabad 0120-2790111
Goa 0832-224003
Greater Noida 011-3319192
Gurgaon 011-3319192
Guwahati 0361-2540475
Gwalior 1800-223-344
Hyderabad 1800-223-344
Indore 1800-223-344
Jabalpur 1800-223-344
Jaipur 0141-363056
Jalandhar 0172-701617
Jodhpur 0291-550084
Kanpur 0512-215655
Karnal 0172-701617
Kolhapur 0832-224003
Kolkata 1800-223-344
Kota 0291-550084
Kozhikode 0484-4027903
Lucknow 0522-206028
Ludhiana 0172-701617
Madurai 0422-2303735
Meerut 0562-253567
Mehsana 0265-2361852
Mohali Sas Nagar 0172-701617
Mumbai 022-22614706
Mussoorie 05946-22178
Nagpur 0712-527466
Nashik 0712-527466
Noida 011-3319192
Noida Extn 011-3319192
Panipat 1800-223-344
Patna 0612-2452336
Pondicherry 1800-223-344
Pune 020-5466917
Raipur 0771-526081
Rajkot 0281-225686
Ranchi 0657-2426802
Rohtak 1800-223-344
Roorkee 05946-22178
Salem 0422-2303735
Shimla 1800-223-344
Sonepat 1800-223-344
Surat 0261-3462216
Trichy 0422-2303735
Udaipur 0294-522203
Vadodara 0265-2361852
Varanasi 0542-2366349
Vijaywada 040-23421603
Vizag 040-23421603
Bank Of Baroda Car Loan Calculator

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