Retail Loans > Baroda Car Loan

Baroda Car Loan
let your dream to own a car, becomes true

In today's fast paced world, a vehicle is a necessity. Other expenses and different plans in life take priority. Therefore the dream of owning a car takes a back seat. Whether as a comfortable and dependable means of transport or as a status symbol in society, we believe you deserve ownership of a vehicle.

The Baroda Car Loan is designed to finance the car that suits your need and matches to your status & taste.


Eligibility:

Individuals of Fiji citizenship who have attained the age of twenty one years. Total deduction should not exceed 60% of the salary net of statutory deduction and taxes.


Maximum Limit / Minimum Margin/ Maximum repayment period:

  Maximum Amount Minimum Margin Contribution on value of vehicle Maximum Repayment Period
New Car $60000 15% 60 months
Re-conditioned car $35000 20% 48 months
Second hand car (Not more than 5 years old) $20000 30% 36 months











Additional Information:
  • Bill of sale over  vehicle as security to be created in bank’s favour.
  • Comprehensive Insurance policy  with  Bank's interest noted with insurance company to be obtained.
  • Bank’s  charge is to be noted with Land  Transport Authority  (LTA).
  • In case of reconditioned / second hand car, its valuation  report  from reputed garage is to be obtained.
  • First installment shall  fall due  on the following month of disbursement and subsequent installment to be paid  before the end  of the month.
  • Terms and Conditions apply

Fees and Charges
Credit Service Fee
0.10% per month of remaining balance (minimum $10.00 per month)
Establishment Fees
1.00% of Loan Amount
Inspection Fees
Upto $1,500.00 Free
From $1,501.00 To $10,000.00 $50.00 per visit
From $10,001 To $25,000.00 $75.00 per visit
From $25,001.00 To $50,000.00 $100.00 per visit
From $50,001.00 To $100,000.00 $150.00 per visit
Above $100,000 $200.00 per visit

Security Document Handling Fees
Upto $1,000.00 Free
Above $1,000.00
One Document $100.00
Additinal Document $40.00 per document
(Solicitor charges + out of pocket expenses to be recoverred seperately)

Loan Arrear Fees
Upto $500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $501.00 To $1,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $1,001.00 To $2,500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $2,501.00 To $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
Above $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month

Opinion Fees
Local $25.00 + Out of Pocket Expenses
Overseas $50.00 + Out of Poecket Expenses
Modification in Terms and Conditions
For each modification $100.00
Stamping/Unstamping Charges
$15.00 + out of pocket expenses

Document Discharge Fees
 $100.00 per document   
Settlement Fees
$150.00 per settlement

Search Fees
$30.00 subsequent $10.00 per hour
Data Bureau Charges
$17.00

                    Duplicate Statement Fees            
                    $5.00 per page Computer Printout
$7.50 per page statement		            
                               
                               
Establishment Fees
1.00% of Loan Amount
Inspection Fees
Upto $1,500.00 Free
From $1,501.00 To $10,000.00 $50.00 per visit
From $10,001 To $25,000.00 $75.00 per visit
From $25,001.00 To $50,000.00 $100.00 per visit
From $50,001.00 To $100,000.00 $150.00 per visit
Above $100,000 $200.00 per visit

Security Document Handling Fees
Upto $1,000.00 Free
Above $1,000.00
One Document $100.00
Additinal Document $40.00 per document
(Solicitor charges + out of pocket expenses to be recoverred seperately)

Loan Arrear Fees
Upto $500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $501.00 To $1,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $1,001.00 To $2,500.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
From $2,501.00 To $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month
Above $5,000.00
2% p.a. additional interest on
the overdue amount with
minimum of $25.00 per month

Opinion Fees
Local $25.00 + Out of Pocket Expenses
Overseas $50.00 + Out of Poecket Expenses
Modification in Terms and Conditions
For each modification $100.00
Stamping/Unstamping Charges
$15.00 + out of pocket expenses

Document Discharge Fees
 $100.00 per document   
Settlement Fees
$150.00 per settlement

Search Fees
$30.00 subsequent $10.00 per hour
Data Bureau Charges
$17.00

                    Duplicate Statement Fees            
                    $5.00 per page Computer Printout
$7.50 per page statement		            
                               
                               

© 2020 Bank of Baroda, Fiji Territory, GPO. Box.57, Suva, Fiji Islands.