Bank Of Baroda - Bike Loan : Loans / EMI / Finance options

• Loan Application form (With Necessary attested Documents & Photographs)
• Driving License
• ID proof : (Aadhar Card, PAN Card, Passport, Voters ID Or Company ID card)
• Address proof :(Passport, Voters ID, Rental Agreement, Telephone Bill, Gas Connection Bill, Ration Card, Sale Deed, Property Purchase Agreement, Credit Card Bill, LIC Policy, Company Letter, Address Proof of Applicant’s spouse or Parents name)

• Salaried Person: Last 3 month pay slips, Form 16
• Business Person: Last 3 Year income proof, IT Returns, Assessment Orders.

NOTE:

1. Applicants will need both the originals and the photocopies while applying for a loan.
2. Above Documents are only some basic Documents required for loan. Bank individually also taking some of other documents from Applicants.

• A person age must be between 18 to 65 years
• A person must be earning some money
• If counting prior credit history, it should be satisfy to bank
• A person need to fulfill bank’s all credit norms for Two-wheeler loan

1. How many Interests are charged by Au Bank on purchase of new bike?

The interest for new bike is up to 27% in Au bank.

2. What are minimum and maximum age criteria for getting loan?

For purchasing new or used car minimum age is 18 years and maximum age is 65 years must be required.

3. How can I apply for Two-Wheeler loan?

• Documentation charges: up to Rs.1000
• Overdue interest: 3% per month on loan amount
• Prepayment charges:
• 5% of principal amount, if paid before 12 month
• 3% of principal amount, if paid after 12 month