Vehicle Loan

About Vehicle Loan

Vehicle Loan

What is a Vehicle Loan?

Car loan is a financial assistance taken to purchase a car with minimal initial payment from your own pocket. The borrowed money from the lender can be repaid in equal monthly instalments over a period of time with an agreed rate of interest. Normally, car loans are secured with the vehicle itself that is being bought.

Auto loans are loans given out by financial institutions or car dealerships, for the purpose of buying an automobile. Due to the nature of automobiles to lose value with time, Auto loans usually have high interest rates. The shorter the time an auto loan is paid, the lower the overall cost of the loan will be.

Vehicle Loan FAQ

Frequently Asked Questions

how to check vehicle loan status online?

You can log on to your account online by using your credentials on Mobile Banking (BOB WORLD) & Net Banking facility. . After logging in, you'll be able to see your Vehicle loan details and the status of your loan status, You may also contact your nearest Branch for details.

how can i check my bike loan details?

You can log on to your account online by using your credentials on Mobile Banking (BOB WORLD) & Net Banking facility, after logging in, you'll be able to see your Two Wheeler (Bike) loan details and the status of your loan account or visit nearby Branch of Bank of Baroda to know Two Wheeler (Bike) Loan details.

how can i check my two wheeler loan status?

You can apply for Personal Loan through any of the below mentioned modes-

Step 1 - Visit our contact us page

Step 2 - Fill in your information (name, email, contact no, city) and details of your referee (name, email, contact no., city and loan amount).

Step 3 - Once the loan amount gets disbursed and the whole process is complete, your payout will be credited to your bank account.*

How Much Vehicle Loan Should I Take?

One should assess one's monthly income and expenditure. One should note that there must of adequate amount left to meet your monthly expenditure and other obligations. Accordingly you can decide on the amount of loan.