The key will be in your hands
Explore car loans from Bank of Baroda
Baroda Car Loans
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.
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Eligibility
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Loan Amount
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Repayment Period
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Fees and Charges
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Terms & Conditions
- 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 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 |
| 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 |
| 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 |
- 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
