Two Wheeler Loan

Zoom Ahead in Life.

Two Wheeler Loan

Two Wheeler Loan

Zoom ahead on your dream bike, thanks to two-wheeler loans from Bank of Baroda.

With our two-wheeler loans, you can purchase a brand-new two-wheeler or bike and payback in easy monthly instalments. Additionally, Bank of Baroda offers one of the best bike loans today, with affordable interest rates and minimal processing charges.

  • Zip around town and reach your destination faster with a two-wheeler that you could purchase for private use with a bike loan from Bank of Baroda.
  • With a two-wheeler loan amount of up to Rs.1 lakh, you can finance your two-wheeler purchase without worrying about down payments or arranging for funds. Whether the vehicle of your dreams is a no-frills scooter or a high-end bike, our two-wheeler loan can turn your wish into reality.
  • Additionally, you can enjoy attractive interest rates on your two-wheeler loan, calculated on the basis of your credit report from CIBIL. Also get a concession of 0.25% on your bike loan’s interest rate if you are an existing home loan borrower with a good repayment record.
  • Make the most of the several two-wheeler loan benefits we offer to all our customers. Our bike loan processing charges are minimal, and you don’t need to pay any pre-closure charges.
  • The bikes purchased with funds from two-wheeler loans should be new and meant for private use only.
  • Two wheeler loans from Bank of Baroda can be availed by salaried persons, businessmen, professionals, farmers as well as staff and ex-staff under the public scheme. The minimum age for applicants of two-wheeler loans is 21 years, while the maximum age is 70 years after the repayment period is over.
  • The maximum limit for two-wheeler loan amount is Rs.1 lakh only and the maximum repayment period or tenure on bike loans is 60 months.
  • All bikes financed by two-wheeler loans are hypothecated to the bank. The hypothecation is removed after the borrower repays the entire two-wheeler loan amount.
  • The processing charges on bike loans are calculated as 2% of loan amount, with a minimum of Rs.1,000. However, there are no pre-closure charges on two-wheeler loans.
  • Salaried Employees
  • Businessmen, professionals, Farmers
  • Staff/ex-staff (for availing under Public scheme)


For purchase of new two Wheelers for private use.


  • Salaried Employees
  • Businessmen, professionals, Farmers
  • Staff/ex-staff (for availing under Public scheme)


For purchase of new two Wheelers for private use.

Eligibility based on Income Criteria

For Salaried: Average of last 3 months GMI (Gross Monthly Income)
For others: Average of last -2- years Gross Annual income

Eligibility based on Repayment capacity

Total deductions including proposed EMI should not exceed

GMI less than Rs.20000 P.M 50%
GMI Rs.20000 and above but less than Rs. 1.00 lacs P.M. 60%
GMI Rs. 1.00 lacs P.M and above 70%

Maximum Limit

Rs.1.00 Lacs (For all categories)

Repayment Period

Maximum 60 months



Bureau Score validation

Minimum Bureau score cut off as per Bank’s guidelines or Other Bank


Minimum: Borrower – 21 years, Co-applicant- 18 years

Maximum: Age of the applicant / co-applicant / guarantor + repayment period should not exceed 70 years


Hypothecation of Vehicle financed


Comprehensive Insurance of the Vehicle with Bank’s Clause

Pre-closure charges


Rate of Interest

Rate of Interest

Rate of interest on car loan is based on CIBIL Bureau score of the applicant/co-applicant. Minimum Cut off score is 725.

Concession in ROI: Concession of 0.25% in rate of interest on Car Loans to our existing Home Loans borrowers who maintain a good track record of repayment without any overdue.

Unified Processing Charges

Processing Charges

Bank of Baroda offers affordable two-wheeler finance with affordable monthly instalments. Apply for a two-wheeler loan today and get the best interest rates.

EMI Calculator

APR Calculator
  • Total Interest
  • Total Amount
Monthly Payment Rs. 1,977.00

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