Bank of Baroda Two-Wheeler Loan at a glance
| Feature | Bank of Baroda Two-Wheeler Loan |
|---|---|
| Product name | Baroda Two Wheeler Loan |
| Interest rate | Floating from 13.60%; fixed from 13.65% |
| Rate type | BRLLR-linked (floating) or 1-year MCLR (fixed) |
| Maximum tenure | 60 months |
| How much it funds | Up to Rs 10 lakh |
| Processing fee | 2% of loan (min Rs 250 + GST) |
| Pre-closure / prepayment | Floating: nil; fixed: 2% + GST within 2 years |
Source: bankofbaroda.bank.in, checked 4 October 2026.
Bank of Baroda vs other loan providers for two-wheeler loans
Published figures from each loan provider's own website. Some loan providers publish a starting rate, some a range actually given to customers, and some only a maximum, so read the column with care and compare final offers on the APR in the Key Fact Statement.
| Loan provider | Published rate | Max tenure | Type |
|---|---|---|---|
| IDFC FIRST Bank | From 9% | 60 months | private sector bank |
| HDFC Bank | 9.99% - 25.02% | — | private sector bank |
| Axis Bank | 10% - 28% | 12-48 months | private sector bank |
| Punjab National Bank | From 10.00% | 60 EMIs | public sector bank |
| ICICI Bank | 10.25% - 26.10% | Up to 36 months | private sector bank |
| Union Bank of India | 11.10% - 11.20% | — | public sector bank |
| SBI | 11.70% - 15.70% | Up to 60 months | public sector bank |
| Tata Capital | From 12.5% p.a. | 60 months | NBFC |
| Federal Bank | 12.60% - 16.00% | 60 months | private sector bank |
| Hero FinCorp | 14% - 36% p.a. | 60 months | NBFC |
| Chola | 15% - 28% p.a. | — | NBFC |
| Kotak Mahindra Bank | — | 12 - 36 months | private sector bank |
| Bank of Baroda | Floating from 13.60%; fixed from 13.65% | 60 months | public sector bank |
| IndusInd Bank | — | 36 months | private sector bank |
| Bajaj Finance | Up to 24.25% p.a. | — | NBFC |
| Bajaj Auto Credit | Up to 30% p.a. | 3-60 months | NBFC |
| TVS Credit | Up to 36% p.a. | 12-60 months | NBFC |
What kind of loan provider Bank of Baroda is
Bank of Baroda is a public sector bank. Public sector banks usually publish some of the lowest starting rates and modest fees, often link rates to the RBI repo rate or MCLR, and may ask for more paperwork or a branch visit. The best rates generally go to customers with strong credit scores and steady income, and many give a small concession to existing account holders.
Public sector bank offering both fixed and BRLLR-linked floating vehicle loans, with a dedicated EV car loan (bob Green Wheel) and agri tractor schemes.
Features Bank of Baroda lists for this loan
- Digital Two-Wheeler Loan variant
Documents you will usually need
Most loan providers ask for a similar set. Bank of Baroda may ask for more depending on your profile.
- Identity proof such as Aadhaar, voter ID, passport or driving licence
- Address proof such as Aadhaar, utility bill or rent agreement
- PAN card or Form 60 where PAN is not available
- Recent salary slips or 3 to 6 months of bank statements
- Passport-size photographs and a signed application form
- Dealer quotation or proforma invoice for the chosen model
- Cancelled cheque, e-mandate or post-dated cheques for EMI payment
Before you sign with Bank of Baroda
- Get the Key Fact Statement (KFS). RBI requires loan providers to give you a KFS before you sign, showing the interest rate, all fees, the annual percentage rate (APR) and the total amount you will repay.
- Compare the APR, not the headline rate. A low rate with a high processing fee can cost more than a slightly higher rate with no fee.
- Ask about pre-closure charges. Fixed-rate vehicle loans often carry charges for paying early; floating-rate loans to individuals cannot.
- Check what is bundled. Insurance, extended warranty or accessories added to the loan raise the amount you pay interest on. You are free to buy insurance elsewhere.
- Make sure the hypothecation is recorded and later removed. The loan provider's name is noted on the registration certificate; after the last EMI, collect the NOC and get it removed at the RTO.
Apply on bankofbaroda.bank.in or at a branch. Never pay anyone an upfront fee to "get a loan approved"; genuine loan providers deduct fees only from the loan itself.
More from Bank of Baroda and similar loans
Other vehicle loans from Bank of Baroda:
Buying a used car? Read the used car loan guides
A second-hand car changes the rate, the tenure and the paperwork. These guides cover rates by loan provider, car age limits, valuation, down payment and RC transfer.
Compare Bank of Baroda with other loan providers
See Bank of Baroda's published vehicle loan rates, fees and tenure next to another bank or NBFC.
Frequently asked questions
What is the Bank of Baroda two-wheeler loan interest rate?
Bank of Baroda publishes Floating from 13.60%; fixed from 13.65% (checked 4 October 2026). Your own rate depends on your credit score, income, loan amount and the vehicle.
What is the maximum tenure for a Bank of Baroda two-wheeler loan?
60 months, as published by Bank of Baroda. A longer tenure lowers the EMI but raises the total interest.
How much of the vehicle cost does Bank of Baroda fund?
Up to Rs 10 lakh, according to Bank of Baroda. The rest is your down payment.
What processing fee does Bank of Baroda charge?
2% of loan (min Rs 250 + GST). GST is usually added on top unless stated.
Can I close a Bank of Baroda two-wheeler loan early?
Floating: nil; fixed: 2% + GST within 2 years.
Is Bank of Baroda regulated?
Yes. Bank of Baroda is regulated by the Reserve Bank of India as a public sector bank. If a complaint is not resolved by the loan provider within 30 days, you can approach the RBI Integrated Ombudsman.
KhatuLoans is not a loan provider and is not paid by the loan providers or brands named here to rank them. Rates, fees and prices change; always confirm with the loan provider and dealer. Read our editorial policy and how we make money.