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Contents of discussion

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Baroda Mortgage Loan

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Baroda Auto Loan

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BARODA AUTO LOAN – Scheme Guidelines
Target Group
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 Staff members /Ex-Staff members
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 Resident Indians /Non-Resident Indians (NRIs) or Persons of Indian origin (PIOs)

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 Corporate (Public Ltd Co / Private Ltd Co etc.)/ (Firms i.e. Sole Proprietorship firm/
Partnership/LLP/Trust/Society etc. ) with min TNW of at least-10- times(CMR -6, Unrated), CMR-1 to 5

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least at -5- times.

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Purpose : For purchase of New Car

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Margin: 10% on “On Road Price” (invoice price + road tax + cost of registration and insurance (one year

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or three year)

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Age: Applicant: -21- Years; Co-applicant: -18- years

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Maximum Age: Age of the applicant / co-applicant / guarantor + repayment period should not exceed -

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70- years.

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If applicant / co-applicant / guarantor + repayment period exceed retirement age (for salaried ) or 65
years for others additions of co applicant (preferably family member ). If not proper justification required

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Ticket Size

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BARODA AUTO LOAN – Scheme Guidelines

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• The NRI / PIO must be holding a valid job contract / work
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permit for
minimum past -2- years or employed/self-employed or having a
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business unit and staying abroad at least for -2- years.
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income of Rs.5.00 Lacs.
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• The NRI / PIO (salaried class) must have minimum gross annual

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• If applicant is NRI/PIO, close relative of applicant (who is resident
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Indian) should be co-applicant or guarantor.
Concession of 0.50% in ROI who offer min 50% liquid collateral security

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Concession of 0.25% in ROI for existing Home Loan Borrower

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Concession of 0.25% in ROI who purchase “Electric Vehicle”

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▪ Above concession are subject to the condition that ROI should not
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below BRLLR + SP at any instance.
• Repayment Period: 84 Months
• Min -6- months Banking relationship
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BARODA AUTO LOAN – Scheme Guidelines
FOIR (Repayment capacity)
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Salaried:  
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Total deductions including proposed EMI should not exceed as follows:

GMI less than Rs. 50,000 p.m.: 60% of GMI

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GMI Rs. 50,000 and above but less than Rs.1,50,000: 70% of GMI

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GMI Rs. 1,50,000 and above : 80% of GMI 

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For Salaried Persons: Average of last 3 months’ GMI (Gross Monthly Income)

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 For Others (including Corporates / Firms / Trust / Society / LLP etc.): 

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Average Annual Income (for last 2 years) less than Rs.6 Lacs: 60% of GAI

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Average Annual Income (for last 2 years) 6 Lacs and above: 80% of GAI

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For Others: Average of last 2 years’ GAI (Gross Annual Income) to be considered
for FOIR calculation 
Deductions to be considered from the last Month GMI (for salaried persons)
or Last year Annual Income (for others)
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For non –individual

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Customer Type Remark

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1 Car loan to As per ITR or ABS of firm (Dep will not
proprietor firm add back)
2 Car loan to
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PAT as per ABS (Dep will not add back)

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partnership firm Partners can’t be co – applicant but

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guarantor must
3 Car loan to Pvt Ltd

A cPAT as per ABS (Dep will not add back)

Director can’t be co – applicant but

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guarantor must

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BARODA AUTO LOAN – Scheme Guidelines

• Risk premium of 0.05% over and abovejk

Rate of Interest :(Pricing)
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customer not obtaining credit insurance cover.
applicable for

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premium amount however m
• Funding against credit life insurance is 100% of the

d e LTV should not exceed

95%ratio.
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• CIBIL Transunion score
is 701 for joint applicant
as per CIBIL vision. Cut off score
average cut off score is 650.
• Wherever d
rocan be made through Banker’s Cheque / DD/
MOU entered with car dealer disbursement/

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RTGS
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payment
/ NEFT, in other cases only through Banker’s
Cheque /DD

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Unified Processing Charges (one time):- 0.50% of loan amount
Min –Rs. 2500/-+ GST
Max – Rs. 10000/- + GST

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100% Concession in processing charges:-

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- Staff/ Ex staff

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- Baroda Govt Employee Salary account scheme (SB182)

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- Baroda Defense salary package (SB186)
Payout to Car Dealers:
 
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The payout to the Car Dealers for the business generated by them and

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disbursed during the month is as under:

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▪
▪
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Less than Rs.75 lacs per month: 1%
Rs.75 lacs and above but less than Rs. 1.50 Crore per month: 1.50%*
▪
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Rs. 1.50 Crore and above per month: 2%
 10% of the payout to be retained till receipt of RC with
Bank’s lien.
Plus: Service charges to Sales Executive of Car Dealer:
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▪ Rs. 1500/- +GST per Car Loan
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BARODA AUTO LOAN – PRE-OWNED CAR

1. Target Group: Only Individual Resident Indians

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–Eligibility of Applicant:
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Salaried Employees/ Pensioners: Having GAI of Rs 2.50 lacs & above

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- Businessmen, Professionals & Agriculturist: Having GAI of Rs 3.00 Lacs & above
2. Purpose : For purchase of Old (Not more than 5 years old)/ Used passenger

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vehicle/ four-wheeler for personal use through approved dealers(any OEMS can
be considered) , sold by BOB out of NPA, Demo car by dealer
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Limit: Minimum Limit: Rs 2.00 Lacs Maximum Limit: Rs 50.00 Lacs
4.
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FOIR: 60% of GMI for salaried and 60% of GAI for others.

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Loan to value: Lowest of the following
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75 % of latest Market value as per valuation certificate issued by certified

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pre-owned car Dealer or
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75 % of agreement / Invoice value or
100% of Insured Declared Value (IDV) as per Motor Insurance Policy.
6. Repayment Period: 60 months (Repayment period plus age of the vehicle
(starting from original invoice date) should not cross 96 months)

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BARODA AUTO LOAN – PRE-OWNED CAR

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7. Age – same as Auto loan
8. Concession – 0.25% Existing housing loan borrower
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0.50% - liquid security as collateral
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0.25% recently closed car loan borrower with satisfactory conduct

9. Scheme code – LA 250

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BARODA YODDHA AUTO LOAN –
1. Target Group: purchase of new car

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2.
–Eligibility of Applicant: Only Defense personnel
Limit: same as Auto loan
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3. FOIR: same as Auto loan

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4.
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Loan to value: same as Auto loan

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Repayment Period: same as Auto loan

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ROI : concessional ROI starts from BRLLR + SP

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Baroda Two Wheeler Loan– Scheme Guidelines
Purpose : For purchase of new Two-wheeler

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credit life insurance )
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Max Limit: Rs 10 Lacs. (loan above Rs. 3.00 lacs mandatory group

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Cut off CIBIL Score is 736 CIBIL score -1 deviation from ZOCC.

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Repayment Period: 60 Months

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FOIR - GMI less than Rs. 20,000 p.m.: 50% of GMI

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GMI Rs. 20000 and above but less than Rs.1,00,000: 60%

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GMI Rs. 1,00,000 and above : 70% of GMI

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Pensioners :- total deduction in line with salary

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Margin - Loan amount up to Rs.3.00 lakhs : 10% of the invoice value
Loans above Rs. 3.00 Lakhs : 15% of the invoice value

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Baroda Pre Approved Auto Loan
▪ Transaction behavior and balance maintenance.
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Loans and Personal Loans
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▪ The limits are assigned for three asset products viz Home Loans, Car

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▪ Though the customer is offered pre-approved limits for Home Loan/Car
Loan/Personal Loan, however, if one of the limits is availed for a particular

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product, other two limits would stand withdrawn.
Age : 25 to 50 years
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Repayment Period: -84- month Max age up to 60 years of applicant.

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Maximum Limits : without income Doc Rs. 7.50 lacs

rowith income Doc Rs. 10.00 lacs

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Rate of Interest : as per existing guidelines
Maximum Ticket : Without Income Documents: Rs.7.50 Lakhs.
With Income Documents : RS.10.00 Lakhs

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 DIGITAL PROCESSING OF PRE-APPROVED VEHICLE LOAN THROUGH TAB
BANKING (TABIT)

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Eligible Customer – Only existing SB a/c customer having for pre approved
limit
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Maker/ Checker – assist the customer “Maker” , BM as “Checker”
CIBIL Check - Customer will receive a SMS on registered mobile number

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from bank with short link/link for giving consent to pull his CIBIL score.

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Web app to initiate CIBIL check to get CIBIL score and address details
available in CIBIL record based on same, Loan application will be

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approved and ROI will be fixed.

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Address Check - User needs to match the customer’s address available in
CBS with address fetched from the CIBIL data base. If address is not

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matching application will be aborted.

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Terms and Condition acceptance - Customer will receive the SMS with
short link. By clicking on short link/link consent page with detailed Terms
and Condition for sanction will appear, wherein customer will have to give
acceptance of T&C, Collection of processing charges as well as required
margin money to be debited to his/her SB account . 15
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Thankcyou
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