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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.10 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.
  • 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.
  • Get two-wheeler loan up to Rs.10 lakh with 60 months repayment period
  • 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.10.00 Lacs (For all categories)

Repayment Period

Maximum 60 months


Loan upto Rs. 3.00Lakhs 10%
Loan above Rs. 3.00Lakhs 15%

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

Unified Processing Charges

Processing Charges

Credit Shield

Loan upto Rs. 3.00Lakhs Not mandatory
Loan above Rs. 3.00Lakhs Mandatory to obtain Term Life Insurance or Group Credit life Insurance. Validity of such insurance to be minimum sanctioned period with minimum sum assured equal to sanctioned amount. Borrower may obtains this insurance cover from any IRDA approved Life insurance co. (including our tie-up partners) and the same to be assigned in Bank's favour

Two Wheeler Loan Eligibility Calculator click here

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.

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