Bank of Baroda Two Wheeler Loan - Check Interest Rate & EMI Calculator in 2025

✓ Interest Rates Starting @ 0.99% p.a. ✓ Up to 100% Financing ✓ Repayment Tenure of up to 4 Years Check Offer

Bank of Baroda has been one of the most trusted banks in India for decades and is known for offering pocket-friendly two-wheeler loans. You can borrow amounts of up to ₹10 Lakhs and purchase your dream bike with ease. The Bank of Baroda bike loan interest rate starts at 13.90 % p.a., with a repayment tenure of up to 5 years.

Bank of Baroda Bike Loan: Interest Rates and Charges

Ensure to note the following Bank of Baroda two-wheeler loan interest rates and charges if you plan to apply:

Particulars	Details
Floating Interest Rate	13.65% p.a. (BRLLR + SP + 4.25%)
Fixed Interest Rate	13.90% p.a. (1 year MCLR + SP + 4.65%)
Processing Fee	2% of the loan amount (Minimum ₹250) + applicable GST
Prepayment Charges	No prepayment charges after 2 years from the first disbursement date
Loan Amount	Up to ₹10 Lakhs
Repayment Period	Up to 60 months
Additional Interest	0.05% additional interest applies if the borrower does not opt for Group Credit Life Insurance (GCLI)

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

Bank of Baroda Two-wheeler Loan EMI Calculator

The Bank of Baroda two-wheeler loan EMI calculator is a helpful tool to estimate your monthly repayments. By entering details like the loan amount, tenure, and interest rate, you can get an accurate EMI figure. This enables effective financial planning and helps you select the best repayment option.

Loan Amount

Tenure

Rate of Interest

Your Monthly Two Wheeler Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

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Year	Payable Amount	Principal	Interest	Balance

Features and Benefits of the Bank of Baroda Two-wheeler Loan

The Bank of Baroda bike loan offers versatile features, making it a smart choice for financing your vehicle. Here's an overview:

High Loan Amounts

Borrow up to ₹10 Lakhs for premium two-wheeler models.

Affordable Interest Rates

Bank of Baroda bike loan interest rates are competitive and start from just 13.90% p.a.

No Foreclosure Charges

Repay the loan early without any additional penalties.

Flexible Repayment Tenure

Choose a repayment period available up to 5 years to align with your financial plans.

Minimal Processing Charges

Only 2% of the loan amount is charged as a processing fee.

Bank Of Baroda Eligibility Criteria and Documents Required

To qualify for a BOB two-wheeler loan, ensure you meet these criteria:

Eligible Applicants

Salaried employees, business professionals, farmers, and Bank of Baroda staff/ex-staff.

Income-Based Deductions:

Gross Monthly Income (GMI) < ₹20,000: Total deductions including EMI ≤ 50%
GMI ₹20,000 to ₹1 Lakh: Deductions ≤ 60%
GMI > ₹1 Lakh: Deductions ≤ 70%

Income Assessment:

Salaried: Average GMI of the last 3 months considered.
Others: Average gross annual income of the last 2 years used for FOIR (Fixed Obligation to Income Ratio) calculations.

Provide these documents to complete your loan application:

Personal Identification

PAN card, passport, or driving licence

Address Proof

Passport, voter ID, utility bill, updated passbook, or rent agreement

Bank Statements

Last 6 months' bank account statements

For Salaried Applicants:

Last 3 months' salary slips
Form 16 or recent IT returns

For Self-employed Applicants:

Balance sheet, profit/loss account, and income computation for 2 years
IT returns, Form 26AS, and business proof (e.g. Registration certificate and service tax registration)

Additional Requirement

Quotation for the bike.

How to Apply for the Bank of Baroda Two-wheeler Loan Online

Bank of Baroda’s two-wheeler loan is not available on Bajaj Markets. You can easily apply for a Bank of Baroda Two-wheeler Loan online through the official website. Follow a few simple steps mentioned below to proceed:

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.

Bank of Baroda Bike Loan Repayment Options

BOB two-wheeler loan offers flexible repayment options to suit different financial capacities. Here are the key features:

Flexible Tenure

Repayment tenure ranges up to 5 years, allowing borrowers to choose a comfortable schedule.

No Prepayment Charges

Pay off your loan early without any penalties, offering savings on interest costs.

EMI-based Repayments

Borrowers can repay the loan in affordable Equated Monthly Instalments (EMIs), ensuring consistent payments over time.

FOIR-linked Repayment

Repayment is structured based on the borrower’s income, ensuring affordability and financial stability.

These options make managing your Bank of Baroda Bike Loan easy and convenient.

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

Two Wheeler Loan Providers

Upcoming Bikes & Prices

How much can I borrow with a Bank of Baroda Two-wheeler Loan?

You can borrow up to ₹10 Lakhs under this loan, making it suitable for purchasing premium bikes, scooters, or electric two-wheelers.

Are there any processing fees for Bank of Baroda Two-wheeler Loans?

Yes, a 2% processing fee of the loan amount is charged (minimum ₹250), plus applicable GST, ensuring transparency in charges.

What is the minimum age to get a Bank of Baroda Two-wheeler Loan?

Applicants must be at least 21 years old to qualify for the loan, which typically indicates the lender of the individuals’ financial maturity.

How to check Bank of Baroda Bike Loan status?

You can check your loan status using the Bank of Baroda website, mobile app, or by visiting the nearest branch for updates.

How to check Bank of Baroda Bike Loan balance?

Your loan balance can be accessed via the mobile app, internet banking portal, or by requesting a statement from your bank branch.

Do self-employed individuals need to provide a guarantee to get a bike loan from the Bank of Baroda?

Self-employed applicants do not need a guarantor but must submit valid business income proof and financial documents to demonstrate repayment ability.

Do I need to get my KYC done to apply for a two-wheeler loan at Bank of Baroda?

Yes, completing KYC compliance is mandatory, which includes submitting valid ID and address proof.

Will any charges be levied in the case of loan cancellation?

Loan cancellation may attract processing charges or administrative fees depending on how far the application has progressed. It's best to confirm with the bank for specific details.