The key to the future
Explore car loans from Bank of Baroda.
Car Loans
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Eligibility
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Key Features
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Charges
Car Loans : Eligibility
Holder of UAE driving license
Minimum salary/monthly income of AED 4000
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Max Limit - New Car-AED 1250000
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Old Car- AED 125000
Car Loans : Key Features
Financing up to 80% of cost of New Vehicle and up to 70 % of cost of vehicle value in case of old car
Higher Repayment period up to 48 Months for new vehicle and up to 36 months for old vehicles
Low interest rate
Low Processing Fee
No Hidden Charges
Interest charges on Daily Reducing Balance
Car Loans : Charges
Rate of interest*: 3% p.a. (flat rate) or 6.00% p.a. (reducing balance), subject to change from time to time
Processing Charges *: 1% of the loan amount payment Charges*: 1% charges*: 1% of amount of loan minimum AED 250
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