Hello all, Just my two cents on my experience with Bank of Baroda. I wanted to buy a FIAT PUNTO 1.3MJD Emotion from Bangalore and scouted around several banks for loans . The car costed me 6.46L on Road in Bangalore in Dec 2009 after corporate discount 6000 , insurance waiver (14000 change) extended warranty waiver (5000) . Its 7.21 now Bought it from Prerana bangalore . I enquired in several banks in bangalore and all of them offer a maximum term of 5 years with 100 conditions .. my friend bought a indica vista and took a loan from BOB and was very happy with service and hence referred me . After checking with almost 6-7 banks it turns out to be the best value for money loan. Some key features Bank offers loan tenure of 3,5,7 years ( only bank offering 7 years) I took 7 years ::O Absolutely no preclosure charges (any extra money paid additional to the monthly emi goes directly against the principal) No Mininum preclosure period (Can preclose the loan within a month also without any extra charges) Interest rates - reasonable . ( When i took it was 9.5%) Negligble documentation ( the standard set of docs such as salary slip , form 16 , bank statement , car invoice from dealer etc ) Fast processing time (took only 3-5 days based on documentation provided) You need to open a Savings account with them and the loan is disbursed from the nearest branch . I took it from the JP nagar branch and they give very good service and are very efficient. I`m not a employee of BOB or related to it in anyway except having benefitted with the good service of BOB. btw this is my first post as well . Hope its useful to you all !