Bank of Baroda Two Wheeler Loan

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Tenure Up to 48 Months
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All About Bank of Baroda Two Wheeler Loan

Bank of Baroda Two Wheeler Loan Key Features

Bank of Baroda Two Wheeler Loan Interest Rate 11.83%* per annum
Min Loan Amount ₹ 10,000
Max Loan Amount
(Loan to Value)
Loan up to 90% of On Road Price
or 100% of Ex-showroom Price
Loan Tenure 1 year to 4 years
Lowest EMI / Lac ₹ 2,625
Minimum Net Monthly Income Salaried – ₹ 7,000, Self Employed – ₹ 6,000
Age Criteria 21 years to 65 years(At Loan Maturity)
Types of Vehicle For All New Two-Wheelers (Bikes, Superbikes, etc.)
Processing Fee Up to 3% of the Loan Amount.
Foreclosure Charges 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months)
Basic Documentation ID Proof, Address Proof, Bank Statement

About Bank of Baroda Bank Two Wheeler Loan

Bank over Baroda Two Wheeler Loan has come to be necessary because a single in conformity with fulfil his dream about buying an instant bicycle at any value together with someone financial resource. Bank of Baroda is providing the possibility on a lifetime by using supplying Two Wheeler Loans including Lowest Interest Rates & Affordable EMIs.

Advantages of Bank of Baroda Two Wheeler Loan 

  1. The easy and elementary process
  2. Fast  Disbursal of Loan Amount
  3. Fulfil your wishes by means of choosing the Two Wheeler you love
  4. Attractive Rate about Interests
  5. Easy Repayment and Prepayment Method.

Bank of Baroda Two Wheeler Loan Eligibility

Your capacity after pay back the mortgage is the biggest element between identifying whether or not you’ll keep eligible or no longer because of the Bank about Baroda two-wheeler loan. According is the most important criteria’s: 

  • The applicant must remain concerning at least 21 years regarding age or a maximum concerning sixty-five years of age after sue because of the loan. 
  • If ye bear common monthly earnings concerning Rs 7000 (salaried) yet Rs 6000 (self-employed), you’re eligible because of the Bank concerning Baroda twins Wheeler loan.
  • Cibil Score has a direct have an effect on regarding your eligibility because of the loan. If ye bear an excessive Cibil score, thou do come to the vindication for the mortgage easily. 

Bank of Baroda Two Wheeler Loan Interest Rate, Fees and Charges

Interest Rate Starts at 11.83% p.a.
Processing Fee Up to 3% of the loan amount (maximum)
Prepayment Charges From 3% to 10% of the outstanding principal
Pre-payment charges Within 4 to 6 months – 10% of principal outstanding
Within 7 to 12 months – 6% of principal outstanding
13-24 months – 5% of principal outstanding
Post 24 months – 3% of principal outstanding
Prepayment is not allowed within three months of EMI repayment

Bank of Baroda Two Wheeler Loan Documents Required

1. Salaried Individual

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Compulsory Documents PAN Card
Bank Statement Bank statement of last 3 months

2. Self-Employed Individual

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Required Documents PAN Card
Bank Statement Bank statement of last 3 months

Bank of Baroda Two Wheeler Loan EMI Calculator

The applicant has the alternative according to recognize the EMI’s before availing Bank regarding Baroda Two Wheeler Loan. Thus, you may without problems take a look at through the hyperlink below:

Two Wheeler Loan EMI Calculator

Bank of Baroda Two Wheeler Loan Types

Bank over Baroda affords more than one types regarding loans in accordance with its clients and ye bear the option over selecting one regarding to them namely through your requirements. You bear the following twain options:

Two Wheeler Loan – If you want or after buying a two-wheeler or want in imitation of cash it after Bank regarding Baroda has the best provide because of you. You are able to favour that mortgage at a pleasing pastime rate on 12%.

Super Bike Two Wheeler Loan – If you’re planning in accordance with buy a Superbike then are looking for funds since it is the auspicious act on hand because of ye at a captivating hobby dimension over 11.83%

Bank of Baroda Two Wheeler Loan Pre Calculated EMI

Rate 4 yrs 3 yrs 2 yrs 1 yr
11.83% 2625 3313 4699 8876
12.00% 2633 3321 4707 8884
12.50% 2658 3345 4730 8908
13.00% 2682 3369 4754 8931
13.50% 2707 3393 4777 8955
14.00% 2732 3417 4801 8978
14.50% 2757 3442 4824 9002
15.00% 2783 3466 4848 9025
15.50% 2808 3491 4872 9049
16.00% 2834 3515 4896 9073
16.50% 2859 3540 4920 9096
17.00% 2885 3565 4944 9120

How to Apply for Bank of Baroda Two Wheeler Loan

You do appeal for Bank regarding Baroda Two Wheeler Loan online via travelling Dialabank’s digital stage then below : 

  1. Fill the fundamental Application Form because of Two Wheeler Loan
  2. Please tarry because of a call out of our Relationship Manager
  3. Get personalized assistance and pick out the near appropriate provide based over your needs.
  4. Enjoy your, Two Wheeler.

Bank of Baroda Two Wheeler Loan for Top Selling Bikes

 

Other Available Products from Bank of Baroda 

Bank of Baroda Personal Loan Bank of Baroda Gold Loan Bank of Baroda Home Loan
Bank of Baroda Credit Card Bank of Baroda Car Loan Bank of Baroda Education Loan

FAQs for Bank of Baroda Two Wheeler Loan

✅ What is Bank of Baroda Two Wheeler Loan?

Bike advances from Bank of Baroda can be benefited by salaried people, specialists, experts, ranchers just as staff and ex-staff under the open plan

How can I get Two Wheeler Loan from Bank of Baroda?

The base age for candidates of bike advances is 21 years, while the greatest age is 70 years after the reimbursement time frame is finished.

How does Bank of Baroda Two Wheeler Loan work?

All bicycles financed by bike credits are hypothecated to the bank. The hypothecation is evacuated after the borrower reimburses the whole bike credit sum.

What is the Two Wheeler Loan Interest Rate in Bank of Baroda?

The Two-wheeler interest rate in Bank of Baroda is at 11.50%

How to check Two Wheeler Loan status in Bank of Baroda?

An individual can check the credit status by calling the numbers 1800 22 33 44/1800 258 44 55/1800 102 44 55 for any money related inquiries including Personal Loan.

How to calculate Two Wheeler Loan Interest in Bank of Baroda?

You can calculate your monthly EMIs on Two Wheeler EMI Calculators available on the bank’s website.

What is the maximum loan amount I can avail on Two Wheeler Loan from Bank of Baroda?

On a normal monetary foundation settle up to 90% of the advance.

What is the loan tenure of Bank of Baroda Two Wheeler Loan?

The loan tenure is 12 to 48 months.

Can I get 100% Two Wheeler Loan from Bank of Baroda?

Yes, you can get 100% two-wheeler loan from Bank of Baroda.

How much Processing Fee is applicable on Bank of Baroda Two Wheeler Loan?

The processing charges on bicycle advances are determined as 2% of the advance sum, with at least Rs. 1,000.

What are the EMI options available on Bank of Baroda Two Wheeler Loan?

 

What are the charges for Prepayment in Bank of Baroda Two Wheeler Loan?

No charges for prepayment in Bank of Baroda.

Can I get a top-up loan on my existing Bank of Baroda Two Wheeler Loan?

No, you cannot top-up on your existing loan.

Do I need to provide a guarantor to avail a Two Wheeler Loan from Bank of Baroda?

Yes, self-employed individuals have to provide a guarantor to avail a two-wheeler loan.

How to get Bank of Baroda Two Wheeler Loan Statement?

 

How to Pay Bank of Baroda Two Wheeler Loan Interest Online?

You have to visit their website Bank of Baroda’s website and search for two-wheeler loan and to continue, click on “apply now”.

What if I can’t pay the interest on Bank of Baroda Two Wheeler Loan for 3 months?

In the event that you need to decide on the 3-month ban on your EMIs, at that point you should mail the bank training the equivalent. In the event that your assets in your investment account and have a SI with the bank then the cash will keep on getting charged towards EMI instalments.

How can I apply for EMI Moratorium on Bank of Baroda Two Wheeler Loan?

 

What is the number for Bank of Baroda Two Wheeler Loan agent?

Toll-free number-

Can I close Bank of Baroda Two Wheeler Loan online?

No, you cannot close your two-wheeler loan online.

What is Bank of Baroda Two Wheeler Loan Customer Care Number?

Customer care number- 1800 102 77 88

How can I get NOC from Bank of Baroda for Two Wheeler Loan?

 

 
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