Bank of Baroda Two Wheeler Loan

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Bank of Baroda Two Wheeler Loan

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 of 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 two-wheeler loan interest rate
  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 two-wheeler loan eligibility 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 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 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 of 12%.

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

Compare Bike Loan Interest Rates of Bank of Baroda with other banks

Bank

Two Wheeler Loan Interest Rates*

Lowest EMI Per ₹ 10 Thousand For Max Tenure

Bank of Baroda

11.50%

200 for 5 years

SBI

16.05%

₹ 352 for 3 years

HDFC Bank

9.10%

₹ 249 for 4 years

Axis Bank

10.85%

₹ 217 for 5 years

Bajaj Auto Finance

13.26%

₹ 338 for 3 years

IndusInd Bank

21.00%

₹ 377 for 3 years

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 on your needs.
  4. Enjoy your Two Wheeler.

Factors Affecting Two-wheeler Loan Application

The Bank of Baroda is an Indian bank. Despite the fact that two-wheeler loans are generally avoided, the deal that applicants are offered is governed by a number of factors:

  • CIBIL score: Your credit score is one of the most important criteria in determining your interest rate. Most creditors have a set interest rate for these loans. If you have good credit, you might be able to acquire a reduced interest rate. However, if your credit score is low, you will almost surely be charged a higher interest rate.
  • Today’s financial situation: You must meet a one-month income threshold set by each lender. If you earn more money, your loan will be less expensive. This usually means you’ll receive a big percentage of your debt forgiven. You may be charged a higher interest rate if you have a lower income.
  • Your workplace address is as follows: Where you work and the company you work for may have an impact on the interest rate you’re offered. A reputed company might indicate that you have a steady job and a steady income. Lower interest rates may arise as a result.
  • Employed vs. self-employed: Lenders may charge you a varying interest rate depending on your employment status.
  • Age: This has a considerable influence on the interest rate you pay. Your loan may cost you more if you’re nearing retirement, for example. This is due to the fact that nearing retirement age usually entails a decreased ability to repay a loan.
  • Client-lender relationship: If you already have a connection with a lender, you may be able to get a better interest rate. If you have a good connection with a bank, you can get better loan terms.

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 the 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 a Two Wheeler Loan from the 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 Loans.

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 myself of on a Two Wheeler Loan from the 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 a 100% Two Wheeler Loan from the Bank of Baroda?

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

How much Processing Fee is applicable on the 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 the 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 myself of a Two Wheeler Loan from the Bank of Baroda?

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

How to get a 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 a two-wheeler loan, and to continue, click on “apply now”.

What if I can’t pay the interest on the 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 the EMI Moratorium on Bank of Baroda Two Wheeler Loan?

 

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

Toll-free number-

Can I close the Bank of Baroda Two Wheeler Loan online?

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

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

Customer care number- 1800 102 77 88

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

News for Bank of Baroda Two Wheeler Loan

2021-05-11:

In the wake of the coronavirus epidemic, the Bank of Baroda has issued a list of key numbers for its clients and account holders. Customers can continue to use their bank accounts from home in order to comply with COVID-19 regulations at bank offices. Bank of Baroda assists its customers 24 hours a day, 7 days a week, in simple and straightforward methods. “To maintain social distance, you can continue your banking services from your home.”

2021-05-12:

The Bank of Baroda is up roughly 6%. As of 12:49 IST on the NSE, Bank of Baroda is trading at Rs 78.5, up 6.01 per cent for the day. The stock has increased by 77.8% in the last year, compared to a 57.24 per cent increase in the NIFTY and an 82.34 per cent increase in the Nifty PSU Bank index. For the third session in a row, Bank of Baroda is up. As of 12:49 IST on the NSE, the stock was trading at Rs 78.5, up 6.01 per cent for the day. The benchmark NIFTY is currently trading at 14754.5, down 0.65 per cent on the day. The Sensex is currently trading at 48804.34, down 0.73 per cent. In the previous month, Bank of Baroda’s stock has grown by roughly 13.93 per cent.

2021-05-06:

The Bank of Baroda has sanctioned Rs 500 crore to Serum Institute as part of the Reserve Bank of India’s Rs 50,000 crore liquidity facility. After the Reserve Bank of India (RBI) released a Rs 50,000 crore liquidity facility for emergency healthcare on Wednesday, the Bank of Baroda became the first public sector bank to approve Rs 500 crore to vaccine producer Serum Institute of India (SII). SII manufactures the Covishield vaccine, which is one of three coronavirus vaccines authorised in India.

 

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