In a delightful gesture for its customers, Bank of Baroda has announced a significant reduction in floating interest rates on car loans, slashing rates by 65 basis points (BPS).
This move brings the interest rate down to a competitive 8.75% from the previous 9.40%, presenting a lucrative opportunity for individuals eyeing a car purchase.
Exciting Car Loan Offer from Bank of Baroda
If you’ve been contemplating a car purchase and considering financing options, now is the perfect time to act.
Bank of Baroda’s latest offering makes car loans more affordable with its reduced interest rates.
Effective from February 26, 2024, this limited-time offer is available for customers until March 31, 2024.
Hurry and seize the opportunity to avail of Bank of Baroda’s discounted car loans before the offer expires.
Key Details of the Offer
This special offer from Bank of Baroda applies to floating interest rates and spans from February 26, 2024, to March 31, 2024.
The revised interest rates are applicable for new car purchases and are subject to the borrower’s credit profile.
Additionally, Bank of Baroda provides the option of a fixed interest rate starting from 8.85% for car loans.
Beneficial Terms and Conditions
Customers opting for Bank of Baroda Car Loans can enjoy zero pre-payment charges on the floating interest rate option.
Furthermore, processing fees are waived for both fixed and floating interest rate choices.
The interest on these car loans is calculated on a daily reducing balance basis, providing cost-effective financing solutions.
With a repayment tenure of up to 84 months, Bank of Baroda ensures flexibility and convenience for its customers seeking car loans.
