BANK OF BARODA SCOOTER MOTORCYCLE BIKE TWO WHEELER LOAN SECURITY PROCESSING FEES, INTEREST RATES, MARGIN

Range of Finance of two-wheeler 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.

Margin
10% on loan amount.

Repayment of Loan
Maximum of 60 months from the date of disbursement of loan.

Security
~ As a security, the vehicle to be purchased out of the loan is to be hypothecated to the bank.
~ For loan exceeding Rs. 50000, 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’s clause.

Processing fess
~ 2% or Rs. 250/- whichever is more

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