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Contents of discussion

Baroda Mortgage Loan

Baroda Auto Loan

Baroda Education Loan

Baroda Personal Loan

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BARODA AUTO LOAN – Scheme Guidelines
Target Group
 Resident Indians /Non-Resident Indians (NRIs) or Persons of Indian origin (PIOs)
 Staff members /Ex-Staff members
 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
least at -5- times.

Purpose : For purchase of New Car

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

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

Maximum Age: Age of the applicant / co-applicant / guarantor + repayment period should not exceed -70-
years.

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
• The NRI / PIO must be holding a valid job contract / work permit for
minimum past -2- years or employed/self-employed or having a
business unit and staying abroad at least for -2- years.
• The NRI / PIO (salaried class) must have minimum gross annual
income of Rs.5.00 Lacs.
• If applicant is NRI/PIO, close relative of applicant (who is resident
Indian) should be co-applicant or guarantor.
Concession of 0.50% in ROI who offer min 50% liquid collateral security
Concession of 0.25% in ROI for existing Home Loan Borrower
Concession of 0.25% in ROI who purchase “Electric Vehicle”
▪ Above concession are subject to the condition that ROI should not
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)
Total deductions including proposed EMI should not exceed as follows:
Salaried:
GMI less than Rs. 50,000 p.m.: 60% of GMI
GMI Rs. 50,000 and above but less than Rs.1,50,000: 70% of GMI
GMI Rs. 1,50,000 and above : 80% of GMI
For Salaried Persons: Average of last 3 months’ GMI (Gross Monthly Income)
For Others (including Corporates / Firms / Trust / Society / LLP etc.):
Average Annual Income (for last 2 years) less than Rs.6 Lacs: 60% of GAI
Average Annual Income (for last 2 years) 6 Lacs and above: 80% of GAI
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

Customer Type Remark

1 Car loan to As per ITR or ABS of firm (Dep will not
proprietor firm add back)
2 Car loan to PAT as per ABS (Dep will not add back)
partnership firm Partners can’t be co – applicant but
guarantor must
3 Car loan to Pvt Ltd PAT as per ABS (Dep will not add back)
Director can’t be co – applicant but
guarantor must

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BARODA AUTO LOAN – Scheme Guidelines
Rate of Interest :(Pricing)
• Risk premium of 0.05% over and above applicable for
customer not obtaining credit insurance cover.
• Funding against credit life insurance is 100% of the
premium amount however LTV should not exceed
95%ratio.
• CIBIL Transunion score as per CIBIL vision. Cut off score
is 701 for joint applicant average cut off score is 650.
• Wherever MOU entered with car dealer disbursement/
payment can be made through Banker’s Cheque / DD/
RTGS / 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

100% Concession in processing charges:-

- Staff/ Ex staff
- Baroda Govt Employee Salary account scheme (SB182)
- Baroda Defense salary package (SB186)
Payout to Car Dealers:

The payout to the Car Dealers for the business generated by them and disbursed
during the month is as under:

▪ Less than Rs.75 lacs per month: 1%

▪ Rs.75 lacs and above but less than Rs. 1.50 Crore per month: 1.50%*
▪ 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:

▪ Rs. 1500/- +GST per Car Loan

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BARODA AUTO LOAN – PRE-OWNED CAR

1. Target Group: Only Individual Resident Indians

–Eligibility of Applicant:
- Salaried Employees/ Pensioners: Having GAI of Rs 2.50 lacs & above
- 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
vehicle/ four-wheeler for personal use through approved dealers(any OEMS can
be considered) , sold by BOB out of NPA, Demo car by dealer
3. Limit: Minimum Limit: Rs 2.00 Lacs Maximum Limit: Rs 50.00 Lacs
4. FOIR: 60% of GMI for salaried and 60% of GAI for others.
5. Loan to value: Lowest of the following
a. 75 % of latest Market value as per valuation certificate issued by certified
pre-owned car Dealer or
b. 75 % of agreement / Invoice value or
c. 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

7. Age – same as Auto loan

8. Concession – 0.25% Existing housing loan borrower
0.25% recently closed car loan borrower with satisfactory conduct
0.50% - liquid security as collateral
9. Scheme code – LA 250

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BARODA YODDHA AUTO LOAN –
1. Target Group: purchase of new car
–Eligibility of Applicant: Only Defense personnel
2. Limit: same as Auto loan
3. FOIR: same as Auto loan

4. Loan to value: same as Auto loan

5. Repayment Period: same as Auto loan

6. ROI : concessional ROI starts from BRLLR + SP

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Baroda Two Wheeler Loan– Scheme Guidelines
Purpose : For purchase of new Two-wheeler
Max Limit: Rs 10 Lacs. (loan above Rs. 3.00 lacs mandatory group credit
life insurance )
Cut off CIBIL Score is 736 CIBIL score -1 deviation from ZOCC.
Repayment Period: 60 Months
FOIR - GMI less than Rs. 20,000 p.m.: 50% of GMI
GMI Rs. 20000 and above but less than Rs.1,00,000: 60%

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

Pensioners :- total deduction in line with salary
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.
▪ The limits are assigned for three asset products viz Home Loans, Car
Loans and Personal Loans
▪ 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
product, other two limits would stand withdrawn.
Age : 25 to 50 years
Repayment Period: -84- month Max age up to 60 years of applicant.
Maximum Limits : without income Doc Rs. 7.50 lacs
with income Doc Rs. 10.00 lacs
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)
Eligible Customer – Only existing SB a/c customer having for pre approved
limit
Maker/ Checker – assist the customer “Maker” , BM as “Checker”
CIBIL Check - Customer will receive a SMS on registered mobile number
from bank with short link/link for giving consent to pull his CIBIL score.
Web app to initiate CIBIL check to get CIBIL score and address details
available in CIBIL record based on same, Loan application will be
approved and ROI will be fixed.
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
matching application will be aborted.
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
Thank you

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