Bank of Baroda Two-Wheeler Loan helps you finance motorcycles and scooters at affordable interest rates with flexible repayment options. Check interest rates, eligibility, required documents, and step-by-step application guide in this complete 2025 breakdown.
Bank of Baroda offers easy two-wheeler loans in 2025 with fast approvals, paperless processes, and attractive rates starting at 9.25% p.a. Whether you’re a salaried individual or a business owner, you can ride home your new bike with minimal hassle and up to 90% financing on the on-road price.
This guide covers everything you need to know—features, benefits, eligibility, document list, EMI calculations, and how to apply online or offline with zero confusion.
What is Bank of Baroda Two-Wheeler Loan?
Bank of Baroda Two-Wheeler Loan is a secured or unsecured loan product designed to help individuals finance a brand-new bike or scooter. BoB covers up to 90% of the vehicle’s on-road cost and offers convenient EMI plans for up to 5 years.
Loan Highlights:
Loan amount: ₹10,000 to ₹10 lakh
Interest rate: Starting from 9.25% p.a.
Tenure: 12 to 60 months
Margin: Only 10%
No hidden charges or collaterals required
Benefits of Bank of Baroda Two-Wheeler Loan 2025
| Feature | Benefit |
|---|---|
| High Loan-to-Value | Finance up to 90% of the on-road price |
| Attractive Rates | Starting from 9.25% p.a. |
| Flexible Tenure | Choose from 1 to 5 years |
| Fast Processing | 48-hour disbursal after document submission |
| Paperless Process | Available for eligible customers |
| Prepayment Flexibility | No foreclosure charges after 6 months |
| Women Benefits | Special interest rate discounts for women borrowers |
Bank of Baroda Two-Wheeler Loan Eligibility Criteria
Salaried Individuals:
Age: 21–70 years
Minimum monthly income: ₹10,000
Stable job with 1+ year experience
Self-Employed:
Age: 21–70 years
Income proof required
2+ years of business continuity
Others:
Students with a co-applicant
Pensioners with repayment ability
Only Indian residents allowed
Credit Score:
700+ preferred for best rate offers
Documents Required for Bike Loan (2025)
Identity Proof (any one):
Aadhaar Card
PAN Card
Passport
Driving License
Address Proof (any one):
Aadhaar Card
Utility bill (within 3 months)
Passport
Income Proof:
Salaried: Last 3 months’ salary slips, 6 months bank statement
Self-Employed: Last 2 years ITR, business proof
Vehicle Quote:
Proforma invoice from dealer
Interest Rates & Charges (2025)
| Category | Interest Rate (p.a.) |
|---|---|
| Salaried | 9.25% – 10.50% |
| Self-employed | 9.40% – 10.65% |
| Women Applicants | 0.05% concession |
| Processing Fees | 2% of loan amount |
| Prepayment Charges | Nil (after 6 months) |
| Foreclosure | Allowed without penalty (floating rate only) |
Interest rates depend on applicant profile, CIBIL score, and loan amount.
Sample EMI Calculation – BoB Two-Wheeler Loan
Here’s an estimated EMI table at 9.50% interest for 36 months:
| Loan Amount | EMI (3 years) |
|---|---|
| ₹50,000 | ₹1,599 |
| ₹1,00,000 | ₹3,198 |
| ₹1,50,000 | ₹4,796 |
| ₹2,00,000 | ₹6,395 |
| ₹3,00,000 | ₹9,593 |
Use BoB’s official EMI Calculator to check custom amounts and tenures.
Step-by-Step: How to Apply for Bank of Baroda Two-Wheeler Loan Online
Step 1: Visit the official BoB loan page
Step 2: Click on “Apply Now” and enter your mobile number
Step 3: Fill in personal, employment, and income details
Step 4: Upload scanned KYC documents
Step 5: Choose your dealer and enter bike/scooter details
Step 6: Submit application and await approval
Step 7: Upon approval, sign the loan agreement digitally
Step 8: Loan is disbursed to the dealership
Pre-approved customers can complete the process via BoB Mobile App instantly.
Offline Application Process – Bank Visit
Prefer to apply physically? Follow these steps:
Visit nearest Bank of Baroda branch
Carry originals and photocopies of documents
Fill out the loan application form
Submit KYC, income, and vehicle invoice
Loan processed within 48 hours
Special Options for Electric Two-Wheelers
Bank of Baroda finances electric scooters and bikes under the same scheme. Models like Ola S1, Ather 450X, and TVS iQube are eligible.
Covers insurance, accessories, charger installation
Eligible for FAME-II subsidy (dealer-based)
Faster approvals for eco-friendly purchases
Loan Repayment Options
Auto-debit via ECS or standing instructions
Monthly EMI tracking via BoB Net Banking
BoB Mobile App for online repayments
Prepayment allowed after 6 EMIs without penalty
Tips to Boost Loan Approval in 2025
Maintain a CIBIL score above 750
Avoid applying for multiple loans simultaneously
Apply with co-applicant if income is low
Choose a reasonable EMI that fits your cash flow
Opt for shorter tenure to reduce interest burden
Common Reasons for Rejection
Low credit score (<650)
Incomplete documents
Unstable employment or business history
Over-leveraged financial profile
Vehicle dealer not approved by BoB
FAQs – Bank of Baroda Two-Wheeler Loan
Q1. What is the maximum amount I can get under Bank of Baroda Two-Wheeler Loan?
You can get up to ₹10 lakh depending on your income and vehicle type.
Q2. Are electric scooters eligible for the loan?
Yes, all new electric two-wheelers from authorized dealers are covered.
Q3. What is the minimum down payment required?
You need to pay 10% of the on-road price; BoB finances up to 90%.
Q4. Is there a concession for women borrowers?
Yes, women applicants get 0.05% interest rate concession.
Q5. Can students apply for this loan?
Yes, students above 18 can apply with a co-applicant having income proof.
Q6. What is the loan tenure range?
From 12 months to 60 months, depending on applicant preference and eligibility.
Q7. Are used bikes or second-hand scooters eligible?
No, the loan is available only for brand new two-wheelers.
Q8. Can I repay the loan before tenure?
Yes, after 6 months you can prepay without any penalty.
Q9. How is the EMI amount decided?
EMI depends on loan amount, interest rate, and tenure. Use BoB’s EMI calculator for accuracy.
Q10. How long does the loan approval take?
Typically 24–48 hours after document submission and verification.
Important Links
| Bank of Baroda officials website | click here |
| home page | click here |
| Join WhatsApp group | join here |
Authoritative External Links
Suggest Also Read
Bank of Baroda Home Loan 2025 – Best Rates, Subsidy Schemes & EMI Options
Bank of Baroda Car Loan 2025 – 100% Financing, EV Loans & Special Offers
Conclusion
Bank of Baroda Two-Wheeler Loan 2025 offers a fast, affordable, and flexible way to finance your new bike or scooter. With rates from 9.25%, minimal paperwork, and quick approvals, it’s ideal for salaried and self-employed individuals. If you meet the simple eligibility norms and maintain a good credit score, you can ride home your dream vehicle in just 48 hours.