✓ Attractive Interest Rates ✓ Repayment Tenure of up to 3 Years ✓ Smooth Online Process  Apply Now

When it comes to affordable two wheeler loans in the Indian market, many options are available. The key to not burdening yourself and not disrupting the monthly budget is choosing the one that suits your needs. Interest rates play the determining factor in the monthly EMI you have to pay. Bank Of Baroda has been one of the most trusted banks for decades, and they too offer pocket-friendly two wheeler loans. If you are someone looking for an ideal loan to buy a two wheeler, check out the details of the Bank Of Baroda Two Wheeler Loan here.

Bank of Baroda Two Wheeler Loan Interest Rate & Processing Fees

What makes the Bank Of Baroda Two Wheeler Loan easy to afford is its competitive interest rates. Depending on the profile and creditworthiness of the borrower, Bank Of Baroda Bike Loan interest rate changes from person to person. Take a look at the Bank of Baroda Bike Loan details here.

Interest Rate

Starting from 11% per annum

(For staff and ex-staff of Bank of Baroda, it starts at 7% per annum)

Minimum Loan Amount

As per the bank’s discretion

Maximum Loan Amount

Up to Rs. 10 Lakhs

Repayment Period

Up to 60 months

Minimum Income Requirement

As per the requirement of the bank

Processing Fee

2% of the loan amount with a minimum of Rs. 250 + GST and a maximum of Rs. 1500 + GST.

Prepayment Charges


*Interest rates and charges are subject to market conditions and banks' discretion.

Features & Benefits of Bank of Baroda Two Wheeler Loan

  • Loan Amount:

Loan of up to Rs. 10 Lakhs can be availed to buy a new two wheeler with an extended loan tenure of 60 months.

  • Simple Procedure:

You can have a quick and easy loan disbursement experience with very minimal documentation.

  • Minimal Processing Charges:

You can get a Bank Of Baroda 2 Wheeler Loan with 2% processing charge of the loan amount. There are no processing charges for loans availed by the staff or ex-staff of Bank of Baroda.

  • Zero Pre-closure Charges:

In case you have surplus money and want to prepay the loan, you can close your loan with zero pre-closure charges.

  • Quick Loan Approval:

All Bank of Baroda Bike Loans are processed and approved quickly without keeping the borrowers on edge.

Bank of Baroda Two Wheeler Loan EMI Calculator

You can use the Bank of Baroda Two Wheeler Loan EMI calculator to calculate the monthly EMI you have to pay if you get a Bank of Baroda Two Wheeler Loan. Enter your principal amount, interest rate, and loan tenure in the online calculator and click on ‘Calculate’. It will display your monthly EMI along with the total interest you have to pay. Calculating your EMI and comparing it with other two wheeler loan schemes offered by different financial institutions before choosing one will help you manage your finances.

Bank of Baroda Bike Loan Eligibility Criteria

You have to satisfy the below-mentioned eligibility criteria to avail a Bank of Baroda Bike Loan.


The applicant must be an Indian citizen.


The applicant must be between 21 and 70 years of age.

Employment Type

  • Salaried individuals

  • Entrepreneurs

  • Professionals

  • Staff or ex-staff of Bank of Baroda


  • For salaried individuals - the average of the last three months Gross Monthly Income (GMI) is considered.

  • For non-salaried individuals - the average of the last two years GMI is considered.

Repayment Capacity

Total deductions including proposed EMI should not exceed;

  • GMI less than Rs. 20,000 per month - 50%

  • GMI Rs. 20,000 and above but less than Rs. 1 Lakh per month - 60%

  • GMI Rs. 1 Lakh per month and above - 70%


The two wheeler purchased with the loan amount should be brand new and for personal use only.

Steps to Apply for Bank of Baroda Two Wheeler Loan

You can easily apply for a Bank of Baroda Two Wheeler Loan online. Follow a few simple steps mentioned below to apply for one:

  • Step 1: Visit the official website of Bank of Baroda.
  • Step 2: Click on the ‘Loans’ option in the main navigation tab.
  • Step 3: A drop-down menu appears, and from that, click on ‘Baroda Two Wheeler Loan’ under the ‘Vehicle Loan’ option.
  • Step 4: Click on the ‘Apply Now’ button on the page.
  • Step 5: Fill in all the required details on the new page that opens.
  • Step 6: A Bank of Baroda representative will get in touch with you regarding your loan application.


You can also visit the nearest branch to apply for the two-wheeler loan directly.

Documents Required for Bank of Baroda Two Wheeler Loan

Here is a complete list of the documents required to apply for a Bank of Baroda Two Wheeler Loan.

  1. Signed application form
  2. 3 passport size photographs
  3. Proof of Identity - Voters ID card/Aadhaar card/ Passport/ Driving licence/ PAN card
  4. Proof of Residence - Utility bills like electricity bill, gas passbook, etc/Passport/Voters ID card/Updated passbook or bank account statement/ Driving licence
  5. Bike quotation
  6. For salaried individuals,
  • Last 3 months' salary slips

  • Form 16/IT returns

  • Statement of account for last 6 months

7.  For self-employed individuals,

  • Balance sheet
  • Profit and loss account, computation of income for last 1 year

  • Income Tax Returns of last 1 year

  • Business proof: Registration Certificate/Service Tax Registration

  • IT Assessment/Clearance Certificate

  • Income Tax Challans/TDS Certificate (Form 16A)/Form 26

DISCLAIMER: The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

Bank of Baroda Two Wheeler Loan FAQs

You can get a maximum of Rs. 10 Lakhs as a loan if you avail a Bank of Baroda Two Wheeler Loan.

Yes, there is. 2% of the loan amount is charged as the processing fees for the Bank of Baroda Two Wheeler Loan.

No, self-employed individuals don’t have to provide a guarantee to get a bike loan from Bank of Baroda. They have to submit the required documents while applying for a loan.

The minimum age to get a Bank of Baroda Two Wheeler Loan is 21 years.

Loan Offer
Download App
Credit Score