Bank announces Financial Results for quarter ended, 31st December 2023.
Bank of Baroda (UK) Ltd announces its intention to wind down and close its UK retail banking activities Visit our website https://www.bankofbarodauk.com/ for any further information.
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
Own a two-wheeler! Find out interest and EMI amount.
Amount:
Rate of Interest (%):
Loan Terms (monthly):
Monthly Payment
If you consider the convenience of going anywhere at any time, two-wheelers are the most practical vehicle that any person could own. Two-wheelers are the best riders amidst thick traffic and a careful driver could possess one by taking a bank loan for a two-wheeler.
A two-wheeler loan amortization schedule visually aids loan repayment in a tabular format. The details of the table include the loan amount, the balance after each payment, the interest rate, the amortization period, and the total payment. The payment comprises interest and principal. A two-wheeler loan EMI calculator also helps you get an idea of amortization.
Use a two-wheeler loan EMI calculator for calculating the equated monthly instalment (EMI) or use the EMI calculation formula for a two-wheeler loan .
EMI = principal amount + interest paid
Mathematically:
P x R x (1+R) ^N / [(1+R) ^N-1]
P = Principal amount of the loan
R = Rate of interest
N = Number of monthly instalments.
The EMI remains the same through the loan term monthly.
This is how it works. If the two-wheeler costs Rs 1 lakh, the loan interest rate is 13.35% p.a. and the loan term is for 60 months, you can use the bike EMI calculator or calculate manually.
EMI = 100000* 0.011125 * (1+ 0.011125) ^60 / ((1+ 0. 011125)^60)-1 = Rs 2293
The rate of interest rate (R) on your loan is calculated monthly i.e. (R= % Annual rate of interest/12). For instance, if R = 13.35% per annum, then R= 13.35%/12 = 0.011125
Must Read: How to Calculate EMI for Bike Loan: Tips and Tricks
Applying for the Bank of Baroda bike loan is the smart choice.
The BOB two-wheeler loan EMI calculator is the fastest way to calculate your EMI. Visit us online to quickly calculate your EMI accurately. Find the three scrolls. Decide on which two-wheeler you wish to get, once you are privy to the principal, adjust the three bars Amount, Rate of Interest, and the Loan Term on the Bank of Baroda bike loan calculator to work out the best repayment option that suits you. Paying a high down payment will keep your EMI light and complete repayment within a short tenure.
Frequently Asked Questions (FAQs)
The EMI (equated monthly instalments) for a two-wheeler loan is calculated using the EMI formula P x R x (1+R)^N / [(1+R) ^N-1], where P is the principle loan amount, R is the rate of interest, and N is the number of months.
However, you need not bother with manual EMI calculations using this formula. Instead, you can instantly compute your two-wheeler EMI, using online or electronic two-wheeler loan EMI calculators available on most lenders’ websites.
A two-wheeler loan EMI calculator is an online EMI calculation tool that calculates the exact equated monthly instalment or EMI amount payable against your two-wheeler loan. You can use this EMI calculator to compute the monthly instalment amount across varying loan amounts, tenures, and interest rates. The calculator is available online as a free tool, which you can access at any time.
The two-wheeler loan EMI calculator uses the essential components of any loan, such as the principal loan amount, the monthly interest rate, and the loan repayment tenure, to compute the EMI amount. As the user, you need to input these values in the specified fields or tabs of the calculator and click on submit. Once you submit the figures, the calculator instantly produces the results. You can also modify the inputs until you arrive at an EMI amount that fits your monthly budget.
Follow these steps mentioned below to calculate your Two-Wheeler Loan EMI.
The two-wheeler loan EMI calculator will instantly compute the EMI amount. Alter the input values to suit your needs.
The two-wheeler loan EMI calculator is a reliable and free-to-use tool that gives 100% accurate results. Since it is an electronic, online tool, there is no scope for errors caused due to manual calculation. It computes the payable EMI amount instantly. As a user, you can check the EMIs against various interest rates, loan amounts, and repayment terms. In a sense, it allows you to plan your loan repayment based on your budget. You can also access the calculator anytime, and there are no restrictions or limitations on usage.
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The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.
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