Bank of Baroda Two-wheeler Loan

Bank of Baroda has been one of the most trusted banks in India for decades, and are known to offer pocket-friendly two-wheeler loans. Borrow amounts of up to ₹10 Lakhs and purchase your dream bike with ease. Interest rate of 13.65% p.a. is offered with a repayment tenure ranging up to 5 years. 

Ensure to note the following interest rates and charges if you are planning to apply for this loan.

*Disclaimer: The interest rates and charges mentioned above are subject to change. Cross-check the information with the lender before making any decision.

You must satisfy the below-mentioned eligibility criteria to successfully secure a Bank of Baroda Bike Loan.

• You must be an Indian citizen

• You must fall under the age bracket of 21 to 70 years

• You must be an entrepreneur, professional, salaried, or staff/ex-staff of Bank of Baroda

• The purchased two-wheeler must be for personal use only

• Your income and repayment capacity will also be gauged when determining your eligibility

 

In addition to this, ensure to have the following documents handy:

1. Signed application form

2. 3 passport-size photographs

3. Proof of identity: Any one of the following

• Voter ID

• Aadhaar card

• Passport

• Driving licence

• PAN card

 

Proof of Residence: Any one of the following 

• Utility bills like electricity bill, gas passbook, etc

• Passport

• Voter ID

• Updated passbook or bank account statement

• Driving licence

1. Bike quotation

2. Proof of income: 

• For salaried individuals: Last 3 months' salary slips, Form 16/ITR filings, and statement of bank account of the last 6 months.

• For self-employed individuals: Balance sheet, Profit and loss account, computation of income for last 1 year, ITR filings of the last 1 year

 

Proof of Business:

• Registration Certificate

• Service Tax Registration

• IT Assessment/Clearance Certificate

• Income Tax Challans

• TDS Certificate (Form 16A)

• Form 26

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

• Visit the official website of the Bank of Baroda

• Click on the ‘Loans’ option in the main navigation tab

• Select ‘Baroda Two Wheeler Loan’ under the ‘Vehicle Loan’ option from the drop-down menu

• Click on the ‘Apply Now’ button on the page

• Fill in all the required details and submit

After this, your application will be verified. A representative will get in touch with you regarding the future proceedings of your loan application.