Bank of Baroda Two-Wheeler Loan 2026
Bank of Baroda finances everything from basic scooters to high-end motorcycles, with a digital two-wheeler loan and a separate EV scheme. Interest rate 13.60% – 13.65%, loan Up to ₹10 lakh, tenure Up to 5 years (60 months).
Rates as of Sep 2026 · Checked 30 September 2026Bank of Baroda Two-Wheeler Loan at a glance
- Loans up to ₹10 lakh — suits premium bikes
- Up to 90% funding on smaller loans
- Digital application
- Starting rate of 13.60% is higher than other PSU banks
- Rate rises 0.05% without credit life cover
Bank of Baroda two-wheeler loan interest rate & charges
| Feature | Bank of Baroda |
|---|---|
| Interest rate | 13.60% – 13.65% |
| Rate details | Floating: BRLLR + spread + 4.25% = 13.60%. Fixed: 1-year MCLR + spread + 4.65% = 13.65%. Add 0.05% if you do not take group credit life insurance (GCLI). |
| Processing fee | 2% of loan (min ₹250) + GST |
| Loan amount | Up to ₹10 lakh |
| Tenure | Up to 5 years (60 months) |
| Prepayment / foreclosure | Floating: nil. Fixed: nil after 2 years; within 2 years nil up to ₹10,000, 2% + GST on amount beyond |
| Funding | 90% of price for loans up to ₹3 lakh; 85% above ₹3 lakh |
| Without GCLI | Rate +0.05% |
Special schemes & features
Dedicated loan for electric two-wheelers
Apply and get sanction online
Source: bankofbaroda.bank.in, Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at Bank of Baroda’s rates
| Loan amount | EMI @ 13.60% | EMI @ 13.63% | EMI @ 13.65% |
|---|---|---|---|
| ₹75,000 | ₹2,549 | ₹2,550 | ₹2,551 |
| ₹1,00,000 | ₹3,398 | ₹3,400 | ₹3,401 |
| ₹2,00,000 | ₹6,797 | ₹6,800 | ₹6,802 |
Tenure 3 years, reducing-balance method. Total interest on ₹1,00,000 at 13.60%: ₹22,341.
Bank of Baroda two-wheeler loan EMI calculator
Eligibility
- Indian resident aged 18/21 or above; most lenders want the loan to end before 60–65 years of age
- Salaried, pensioner or self-employed with regular income — commonly at least ₹10,000 a month
- Credit score of about 700+ for the best rates; new-to-credit borrowers may need a larger down payment
- Existing EMIs plus the new EMI typically within 50% – 60% of take-home pay
- A valid driving licence is often asked for at the time of disbursal/registration
Documents required
- Photo ID and address proof (Aadhaar, passport, voter ID, driving licence)
- PAN card
- Salaried: last 3 months’ salary slips and Form 16
- Self-employed: last 2 years’ ITR and business proof
- Bank statements for the last 6 months
- Pro-forma invoice / quotation from the dealer
- Passport-size photographs
- Signed NACH/ECS mandate for EMIs
How to apply for Bank of Baroda Two-Wheeler Loan
- Choose model and get a quotationAsk the dealer for an itemised on-road price — ex-showroom, registration, insurance and any accessories.
- Compare offersGet a quote from your own bank and from the dealer’s financier. Compare APR, not the headline or flat rate.
- ApplyAt the branch, online, in the bank app or through the dealer, with KYC and income documents.
- Read the KFS and signCheck APR, fees, prepayment terms and EMI date; sign the agreement and NACH mandate.
- Disbursal and deliveryMoney is paid to the dealer; the lender’s hypothecation is recorded on the RC and you take delivery.
Bank of Baroda vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹1,00,000 |
|---|---|---|---|---|
| Indian Bank Two-Wheeler Loan | 8.90% – 10.40% | About 1% of loan + GST (aggregator) | Up to 4 years (48 months) | ₹3,175 |
| Bandhan Bank Two-Wheeler Loan | 9.47% – 22.08% | Up to 5% of loan + GST (aggregator — check with bank) | Up to 4 years (48 months) | ₹3,202 |
| PNB Two-Wheeler Loan (PNB Saarthi) | 10.00% onwards | 0.50% of loan (min ₹500, max ₹1,000) + GST | Up to 5 years (60 EMIs) | ₹3,227 |
| Axis Bank Two-Wheeler Loan | 11.00% – 28.00% | Up to 2.5% of loan + GST | 12 – 48 months; super bikes up to 60 months | ₹3,274 |
| SBI Two-Wheeler Loan | 11.70% – 15.70% | 3% of loan + GST (50% waiver for salary-package customers) | Up to 5 years (60 months) | ₹3,307 |
| Federal Bank Two-Wheeler Loan | 12.60% – 16.00% | Not published — ask for the KFS | Up to 4 years (48 months) | ₹3,350 |
| Bank of Baroda Two-Wheeler Loan | 13.60% – 13.65% | 2% of loan (min ₹250) + GST | Up to 5 years (60 months) | ₹3,398 |
| HDFC Bank Two-Wheeler Loan | 14.50% onwards | Up to 2.5% of loan + GST; documentation charges extra (aggregators cite up to 2.25%) | 12 – 48 months | ₹3,442 |
Frequently asked questions
What is the Bank of Baroda Two-Wheeler Loan two-wheeler loan interest rate?
Bank of Baroda two-wheeler loan rates start at 13.60% and go up to 13.65% p.a. (as of Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹1,00,000 from Bank of Baroda?
At 13.60% for 3 years the EMI is about ₹3,398, with total interest of ₹22,341.
What is the processing fee?
Bank of Baroda: 2% of loan (min ₹250) + GST. GST at 18% applies on fees.
What is the maximum tenure?
Bank of Baroda: Up to 5 years (60 months).
Can I prepay or foreclose the loan?
Bank of Baroda: Floating: nil. Fixed: nil after 2 years; within 2 years nil up to ₹10,000, 2% + GST on amount beyond.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with Bank of Baroda Two-Wheeler Loan. Terms change — confirm with the lender.