|
 |
Baroda Two Wheeler Loan |
For those individuals who prefer to travel more conservatively or to get to their destinations faster, a two-wheeler is as much a boon as it is to a car owner. With newer models coming out each year, the options available to the customer are both attractive as well as convenient.
Bank of Baroda´s Two-Wheeler Loan make it possible to purchase a two-wheeler and pay back in easy monthly instalments, thereby reducing the burden of a one-time payment.
Avail of a loan up to Rs. 1 Lakh for any make and model of two-wheeler.
Key Benefits
- All resident Indians, salaried, professionals, self-employed, businessmen and farmers can apply for this loan.
- Finance for a minimum of Rs. 5000 and a maximum of Rs. 1 Lakh (or five times of the monthly income, whichever is less) can be availed of through the loan.
- The loan amount can be repaid in maximum 60 months from the date of disbursement of loan.
Terms & Conditions
- Margin of 10% on loan amount.
- The interest charged will be Benchmark Prime Lending Rate with monthly rates. For more details on the interest rate structure,Click here.
- As security against the loan, the vehicle is hypothecated to the bank.
- Bank´s lien on the vehicle to be noted with RTO
- In case of the loan exceeding Rs. 50000, the bank will require a third party guarantee and other securities like NSC, Share certificates, etc or a mortgage of property owned.
- The vehicle will have to be insured with the bank clause for disbursement of loan.
|
|
|
