Official Rates • Updated Oct 2026Bank of Baroda Two Wheeler Loan Calculator 2026
Verified BOB bike & scooter loan rates of 10.75% - 13.65% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
10.75% - 13.65%
BRLLR 8.15% w.e.f. 08.10.2026 (floating) / 1-year MCLR 8.75% (fixed)
Processing Fee
2.00% of loan amount (minimum Rs.250 + GST); Digital Two-Wheeler: 2% of loan amount, minimum Rs.1,000 + GST
≈ ₹2,360 for current loan
Max Funding
Up to 90%
Of vehicle price
Loan Tenure
Up to 60 months
5 years max
Bike Loan Calculator
Calculate Your Two Wheeler EMI Instantly
Plan your bike, scooter, or electric two-wheeler purchase with our compact EMI calculator – quick, simple, and always on top!
₹
One Lakh Twenty Thousand rupees
₹
Twenty Thousand rupees
BOB official range: 10.75% - 13.65%Verified from official website
%
10.75%13.65%
years
Monthly EMI
₹3.26 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹17.43 K
Total Amount
₹1.17 L
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BOB Foreclosure Charge Calculator
See exactly what closing this loan early would cost you — and whether the interest you save makes it worth it.
₹
EMIs paid when you close9 mos
035 months
Estimated Foreclosure Fee (%)3% + GST
Outstanding
₹77,925
Foreclosure fee
₹2,759
3% of outstanding + GST
Total to close
₹80,683
Interest saved
₹10,150
Closing now leaves you ₹7,392 better off
₹10,150 interest avoided − ₹2,759 fee = ₹7,392 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,481 | ₹3,026 | ₹9,354 |
| 12 mos | ₹70,164 | ₹2,484 | ₹5,641 |
| 24 mos | ₹36,957 | ₹1,308 | ₹879 |
Official BOB Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
BOB publishes descriptive terms for preclosure charges. Use the fee percentage slider in the calculator above to model your exact payoff statement.
Verbatim Published Clause
“Floating rate: Nil. Fixed rate: Nil part payment up to cumulative Rs.10,000 within 2 years and nil after 2 years; otherwise 2% + GST on the entire prepayment”
18% GST Applicable: Prepayment & foreclosure fees attract 18% statutory GST as mandated by Government of India taxation rules.
Payoff Calculation: Estimates assume a monthly reducing balance. Official payoff statement from BOB will include exact accrued interest up to the settlement date.
BOB Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by BOB
| Particulars | BOB Two Wheeler Loan |
|---|---|
| Interest Rate | 10.75% - 13.65% p.a. |
| Rate Benchmark | BRLLR 8.15% w.e.f. 08.10.2026 (floating) / 1-year MCLR 8.75% (fixed) |
| Processing Fee | 2.00% of loan amount (minimum Rs.250 + GST); Digital Two-Wheeler: 2% of loan amount, minimum Rs.1,000 + GST |
| Foreclosure / Prepayment | Floating rate: Nil. Fixed rate: Nil part payment up to cumulative Rs.10,000 within 2 years and nil after 2 years; otherwise 2% + GST on the entire prepayment |
| Maximum Funding (LTV) | Up to 90% of the vehicle price |
| Maximum Loan Amount | ₹10,00,000 |
| Maximum Tenure | 60 months (5 years) |
| Effective Date | BRLLR w.e.f. 08.10.2026; MCLR w.e.f. 12.09.2026 |
Important Notes
- Floating rate conflict on Bank of Baroda's own pages: the product page shows 12.65% (on the new BRLLR of 8.15%), while the central retail rate page still shows 12.40% (consistent with the earlier 7.90% BRLLR). Both quoted.
- Margin 10% for loans up to Rs.3 lakh, 15% above. Credit life insurance mandatory above Rs.3 lakh; 0.05% extra rate without it.
- Rate page: https://bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-interest-rates
Last verified against the official BOB website on Oct 2026.
BOB Two Wheeler Loan Scheme-wise Rates
BOB publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Baroda Two Wheeler Loan - floatingBRLLR + SP + 4.25%; product page shows 12.65%, central rate page still shows 12.40% | from 12.65% |
| Baroda Two Wheeler Loan - fixed1-year MCLR + SP + 4.65% | from 13.65% |
| Digital Two-Wheeler Loan (fixed)1-year MCLR + 2.00% to + 3.50% by CIBIL score; 0.50% lower for women / EV; Rs.50,000 to Rs.3 lakh; 12-84 months | 10.75% - 12.25% |
Compare BOB with Other Two Wheeler Loan Lenders (2026)
Bike loan interest rates from each lender's official website, sorted by lowest starting rate.
Comparing for₹1,00,000 (36 mo)
Sort by:
| Lender | Interest Rate (p.a.) | Est. Monthly EMI | Calculated Processing Fee | Total Payable (incl. fees & interest) |
|---|---|---|---|---|
| 8.86% - 22.00% | ₹3,173 | Up to ₹5,900 | ₹1,20,128 | |
| 8.90% - 11.70% | ₹3,175 | 1% on the loan amount (processing-fee page); the service-charges circular w.e.f. 01.01.26 lists Rs.1,000 irrespective of loan amount for the Vehicle Loan Scheme | ₹1,14,300 | |
| 9.00% - 13.35% | ₹3,180 | ₹1,000 | ₹1,15,480 | |
| 9.00% - 24.00% | ₹3,180 | Up to ₹5,000 | ₹1,19,480 | |
| 9.50% - 25.92% | ₹3,203 | Up to ₹5,000 | ₹1,20,308 | |
| 10.00% - 30.00% | ₹3,227 | Up to ₹5,000 | ₹1,21,172 | |
| 10.10% - 15.75% | ₹3,231 | Up to ₹1,180 | ₹1,17,496 | |
| 10.25% - 26.10% | ₹3,238 | Up to ₹4,000 | ₹1,20,568 | |
| 10.25% - 11.35% | ₹3,238 | Up to ₹500 | ₹1,17,068 | |
| 10.45% - 12.95% | ₹3,248 | ₹1,475 | ₹1,18,403 | |
| 10.50% - 12.90% | ₹3,250 | Up to ₹5,000 | ₹1,22,000 | |
| 10.50% - 11.50% | ₹3,250 | 0.50% of loan amount + GST (loan up to Rs.10 lakh); stamp duty at actual; log-in charges Rs.2,000 for applicant and Rs.1,300 for each co-applicant/guarantor (non-refundable) | ₹1,17,000 | |
| 10.75% - 13.65% | ₹3,262 | ₹2,360 | ₹1,19,792 | |
| 10.85% - 12.35% | ₹3,267 | Up to ₹590 | ₹1,18,202 | |
| 10.85% - 14.15% | ₹3,267 | Full waiver of processing charges on vehicle loans (product page) | ₹1,17,612 |
Live figures calculated for ₹1,00,000 over 36 months. Rates and fee formulas sourced directly from each lender's official website (last verified 8 Oct 2026) and auto-refreshed. GST at 18% is added where charged by the lender.
BOB Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 10.75% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,262
Total Interest
₹17,432
Processing Fee
≈ ₹2,360
BOB Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at BOB's lowest and highest published rate.
| Tenure | EMI @ 10.75% | EMI @ 13.65% |
|---|---|---|
| 12 months | ₹8,827 | ₹8,962 |
| 24 months | ₹4,649 | ₹4,785 |
| 36 months | ₹3,262 | ₹3,401 |
| 48 months | ₹2,572 | ₹2,715 |
| 60 months | ₹2,162 | ₹2,309 |
Before You Apply for a BOB Two Wheeler Loan
- Compare the all-in cost, not just the rate. Processing fee, documentation charges and insurance bought through the dealer can add more than a 1% rate difference on a small bike loan.
- A bigger down payment cuts interest fastest. Bike loans are short, so every ₹10,000 less borrowed saves interest across the whole tenure.
- Check foreclosure terms. Many borrowers close bike loans early; BOB's published terms are listed in the Rates & Charges table above.
- Typical documents: PAN, Aadhaar / address proof, income proof (salary slips or ITR), recent bank statements and the dealer's quotation. The vehicle is hypothecated to BOB until the loan is closed, after which you get an NOC to remove it from the RC.
Bank of Baroda Two Wheeler Loan FAQs
Common questions about BOB bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the BOB two wheeler loan interest rate in 2026?
BOB's officially published two wheeler loan interest rate is 10.75% - 13.65% p.a. This is BOB's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh BOB bike loan?
At BOB's lowest published rate of 10.75% p.a., the EMI on ₹1,00,000 is about ₹3,262 for 36 months or ₹4,649 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does BOB charge on a two wheeler loan?
BOB's published processing fee is: 2.00% of loan amount (minimum Rs.250 + GST); Digital Two-Wheeler: 2% of loan amount, minimum Rs.1,000 + GST.
Can I foreclose my BOB two wheeler loan early?
BOB's published foreclosure / prepayment terms: Floating rate: Nil. Fixed rate: Nil part payment up to cumulative Rs.10,000 within 2 years and nil after 2 years; otherwise 2% + GST on the entire prepayment.
How much of the bike price does BOB finance, and for how long?
BOB finances up to 90% of the vehicle price, with a published maximum loan of ₹10,00,000, repayable over up to 60 months.
How is the BOB two wheeler loan EMI calculated?
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1], where P is the loan amount (vehicle price minus down payment), r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the tenure in months.