BoB Car Loan EMI Calculator
Preset to BoB's current car loan emi rate of 8.85%. Change any value to see your own numbers.
- Current rate 8.85%
- Range 8.85–11.50%
- Rank #1 of 7 banks
- Verified 16 July 2026
BoB Car Loan EMI Calculator
- Principal₹8,00,000
- Total interest₹2,76,077
- Total payment₹10,76,077
Where your money goes
- Principal ₹8,00,000
- Interest ₹2,76,077
BoB car loan interest rates 2026
| Tenure / slab | Rate |
|---|---|
| CIBIL 800+ / govt employees (best band) | 8.85% |
| CIBIL 750–799 | 9.05% |
| CIBIL 700–749 | 9.40% |
| Used / pre-owned car | 11.50% |
This Car Loan calculator is preset to Bank of Baroda's current 8.85% rate (as of 16 July 2026), so the EMI you see the moment the page loads reflects a real BoB loan — change the amount or tenure to match yours.
BoB's car loan rates run from 8.85% to 11.50% depending on your profile and loan size. Below is BoB's full rate table, the fees and rules that actually apply, and how BoB compares with the 7 banks we track — the one thing no bank's own page will show you.
BoB car loan — key facts
- Baroda Car Loan is linked to the BRLLR and finances up to 90% of the on-road price of a new vehicle.
- Repayment tenures of up to 84 months (7 years) are available for new cars.
- Applicants with a CIBIL score of 800+ and government employees qualify for the lowest interest band.
- Floating-rate car loans to individual borrowers carry no prepayment penalty under RBI norms.
How BoB compares
BoB has the lowest car loan rate of the 7 banks we track.
BoB car loan FAQs
What is BoB's car loan interest rate in 2026?
Bank of Baroda offers car loan rates from 8.85% to 11.5% (indicative headline 8.85%). The exact rate depends on your credit score, income and loan amount.
What are the fees on a BoB car loan?
The processing fee is 0.50% of the loan amount (min ₹1,000, max ₹10,000); waived under many dealer tie-ups. Baroda Car Loan is linked to the BRLLR and finances up to 90% of the on-road price of a new vehicle.
Can I prepay or foreclose my BoB car loan early?
Floating-rate car loans to individual borrowers carry no prepayment penalty under RBI norms.
How is the EMI on a BoB car loan calculated?
The EMI uses the reducing-balance method — interest is charged only on the outstanding balance, so the interest share of each instalment falls over time. At 8.85% the calculator above shows your monthly EMI; change the amount and tenure to match your loan.