If you want to borrow money to buy a car, Bank of Baroda has good news for you. They’ve made it cheaper to get a car loan.
The interest rate has dropped from 9.40% to 8.75%, which means you’ll pay less interest.
This offer started on February 26, 2024, and will be available until March 31, 2024.
So, if you’re a Bank of Baroda customer and you want a cheap car loan, you have until March 31st to take advantage of this offer.
This special offer applies to floating interest rates for car loans.
The new rates will apply to people buying new cars. The interest rate you get will depend on your credit history.
Bank of Baroda also offers a fixed interest rate option starting at 8.85%. And if you choose the floating interest rate, there are no charges for paying back the loan early.
They also don’t charge any processing fees for both fixed and floating interest rate options.
Interest on the car loan is calculated based on the amount you owe each day. You can take up to 84 months to pay back the loan.
