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Bank of Baroda Car Loan for ₹5 Lakh

EMI: ₹10,294/month at 8.65%. Min income: ₹18,060/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
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Monthly EMI
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Total Interest
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Total Payment
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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Bank of Baroda Car Loan for ₹5 Lakh - Key Details

Interest Rate
8.65% p.a.
Monthly EMI
₹10,294
Total Interest
₹1,17,640
Total Payment
₹6,17,640
Min Income Required
₹18,060/mo
Processing Fee
₹1,500 + GST

A ₹5 Lakh car loan from Bank of Baroda at 8.65% interest for 5 years will cost you ₹10,294 per month as EMI. You will pay a total interest of ₹1,17,640 over the loan tenure. The minimum monthly income needed is ₹18,060 (assuming no existing EMIs).

Frequently Asked Questions

What is Bank of Baroda car loan EMI for ₹5 Lakh?

Bank of Baroda Car Loan EMI for ₹5 Lakh at 8.65% for 5 years is ₹10,294 per month.

What income do I need for ₹5 Lakh car loan from Bank of Baroda?

You need a minimum monthly income of ₹18,060 for a ₹5 Lakh car loan from Bank of Baroda (at 8.65% rate, assuming no existing EMIs).

What is the total interest on ₹5 Lakh car loan from Bank of Baroda?

The total interest payable on ₹5 Lakh car loan from Bank of Baroda at 8.65% for 5 years is ₹1,17,640.

What is Bank of Baroda's processing fee for ₹5 Lakh car loan?

Bank of Baroda charges a processing fee of ₹1,500 + GST for Car Loan.

Can I prepay my Bank of Baroda car loan?

Bank of Baroda Car Loan prepayment policy: Nil after 12 months for floating.

₹5 Lakh Car Loan from Other Banks

SBIFrom 8.85 - 9.55%HDFC BankFrom 8.75 - 9.50%ICICI BankFrom 8.75 - 9.60%Axis BankFrom 8.70 - 12.50%Kotak Mahindra BankFrom 8.70 - 12.00%PNBFrom 8.85 - 10.30%Canara BankFrom 8.75 - 10.50%Union BankFrom 8.70 - 10.70%Indian BankFrom 8.80 - 10.30%IDBI BankFrom 8.80 - 11.00%

Other Bank of Baroda Car Loan Amounts

₹3 LakhEMI ₹6,177/mo₹4 LakhEMI ₹8,236/mo₹6 LakhEMI ₹12,353/mo₹7 LakhEMI ₹14,412/mo₹8 LakhEMI ₹16,471/mo₹9 LakhEMI ₹18,530/mo₹10 LakhEMI ₹20,589/mo₹12 LakhEMI ₹24,707/mo