Bank of Baroda Bike Loans | Baroda Two Wheeler Loan

This Blog is based on Bank of Baroda Bike Loans | Baroda Two Wheeler Loan.

Bank of Baroda offer Loan on Two Wheeler
1	Bank of Baroda Interest Rate – 11.50% p.a.
2	Processing Fee – 2% of the loan amount.
3	Loan Amount – Up to Rs.10 lakh

About Two Wheeler Loan scheme

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For a middle-class family who does not afford to pay an instant big amount to buy their Dream Bike, the Bank has come with a Bike Loan for them. Some banks are providing 100% of the price of the Bike with an attractive interest rate.

Loan Offer – Axis Bank Offer Loan on Two Wheeler

Bank of Baroda offer Loans on Two Wheeler| Bike Loan

Bank of Baroda offers two-wheeler loans of up to Rs.10 lakh with an attractive interest rate. Consumers can avail of the loans for a period of up to 5 years. The processing fee is charged at the rate of 2% of the loan amount. The loans are available for two-wheelers ranging from a basic scooter to a high-end motorcycle.

Loan Offer- HDFC bank offer loan on Two-wheeler Bike Loan

Bank of Baroda Bike Loans – How to apply online?

Here is the step by steps of applying for a Bike loan in Bank of Baroda, follow these steps:

First, Visit the official website of the Bank of Baroda
Then click on ‘Vehicle Loan‘ on the main navigation.
Select ‘Two-Wheeler Loan‘
Click the ‘Apply Now button on the Loan page
Enter the basic details on the page
After filling in all details and Submit, a representative of the Bank of Baroda will contact you regarding your application.

Loan Offer – ICICI Bank Bike Loans

How to Check Eligibility for Bike loan in Bank of Baroda?

These are eligibility criteria for both Salaried and Self-employed Person for Bike Loan in Bank of Baroda:

Bank of Baroda Bike Loans- For salaried persons:

Applicants age must be over 21 but under 65
Applicants must have completed at least 1 on their job
Applicants’ minimum annual income must be 50000
Prefered Credit Scorer is 750
Last 3 months Bank Statements

Loan Offer – Kotak Bank Loan Offer On Car Loan

Bank of Baroda Bike Loans – For self-employed people:

Applicants age must be over 21 but under 65
Applicants must have completed at least one year in the current line of business
Applicants’ minimum annual income must be 50000
Last 3 months Bank Statements

Loan Offer – Bank of Baroda Loan Offer On Car Loan

How to apply for a Bike loan in the Bank of Baroda?

Every eligible applicant can apply Bank of Baroda Bike loan in two ways.

Online
Offline

Online: You can apply for your two-wheeler through our online banking service through the official website of Axis Bank. Which I have already shared in this article.
Offline: You can go to the nearest Axis Bank branch. Then, discuss the bike loan with the manager or other department officials. According to me, I will prefer everyone to apply for a loan via visiting the Branch office.

What is the Interest Rate on Two Wheeler Loan in the Bank of Baroda?

The interest rate on the Bank of Baroda two-wheelers Loan starts from 11.50% p.a. In addition, there are 2% service charges of the loan amount.

By the way, the interest rate depends on Applicant’s Portfolio and Credit Score.

Loan Offer- Loan Offers on Car by HDFC Bank

What are the documents required for a Bike Loan in the Bank of Baroda?

Here are the required documents you need to attach with the Bank of Baroda Bike Loan application.

Bank of Baroda Bike Loans for Salaried Person:

Identity Proof (Aadhaar Card/Voter ID Card/ Driving Licence)
Present Address Proof (Voter Card/Aadhaar Card/Driving Licence/Electricity Bill/Passport)
Photographs
Bank Statements
Last 3-month Salary Slip / Form 16
Employment Stability Proof
Bike quotation

Bank of Baroda Bike Loans for Self-Employed Professional:

Identity Proof (Aadhaar Card/Voter Card/ Driving Licence)
Present Address Proof (Voter Card/Aadhaar Card/ Driving Licence/Electricity Bill/Passport)
Photographs
Bank Statement of Last 6 Months
PAN Card of Business
Last 2 years Income Tax Return File
Business Registration Proof
TDS Certificate

Bank of Baroda (Two Wheeler Loan) – Features & benefits

Here are some features and benefits of the Bank of Baroda two-wheeler loan or Bike Loan:

You can buy the bike for rupees of up to 10 Lakh with a 60 months repayment period.
Processing charges are very minimal
Low-Interest rates so, that everyone can are affordable
There is no processing charge for Bank of Baroda employees or ex-employees
Hassle-free minimal documentation

Content Source: Official Website Of BOB Bank of Baroda