IndiaBanks.org · independent research

Personal, home, vehicle & other loans

bob Green Wheel

Apply for two wheeler loan online at Bank of Baroda at affordable interest rates and easy monthly instalments. Get the best bike loan and purchase a brand new two-wheeler today!

Interest rateFixed 8.50%–11.05% p.a. for a new electric vehicle. Floating 7.60%–11.15% p.a. (BRLLR −0.30% to BRLLR + SP +3.00%). A 0.05% additional rate applies on each floating slab when an individual does not opt for Group Credit Life Insurance (GCLI); a 0.05% concession is offered for opting in, subject to the published minimum rate of 8.65% on the fixed-rate note.Maximum financeUp to ₹5 crore for private-use vehicles: individual borrowers up to ₹3 crore and non-individual borrowers up to ₹5 crore. Finance is up to 90% of the on-road price, so the published margin is 10%.Maximum tenureUp to 84 months; salaried individuals with CIBIL 726 or above may receive up to 96 months. Fixed-rate minimum is 37 months.
Official product page ↗Compare category

Quick eligibility check

bob Green Wheel

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: Salaried employees?

Published source: Eligibility

2Do you meet this requirement: businessmen, professionals and farmers?

Published source: Eligibility

3Do you meet this requirement: directors of private/public limited companies, proprietors and partnership firms?

Published source: Eligibility

4Do you meet this requirement: corporate entities and firms including LLPs, trusts and societies?

Published source: Eligibility

5Do you meet this requirement: and NRIs/PIOs?

Published source: Eligibility

6Document checkDo you have at least one of these required documents: Photo identity and age proof such as PAN card, passport or driving licence?

Published source: Required documents

7Document checkDo you have this required document or proof: Signed application form with three passport-size photographs?

Published source: Required documents

8Document checkDo you have at least one of these required documents: Residence proof such as passport, voter ID, driving licence, postpaid utility bill, updated passbook or bank statement, or notarised registered rent agreement?

Published source: Required documents

9Document checkDo you have this required document or proof: Bank statement for the last six months?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Interest rateFixed 8.50%–11.05% p.a. for a new electric vehicle. Floating 7.60%–11.15% p.a. (BRLLR −0.30% to BRLLR + SP +3.00%). A 0.05% additional rate applies on each floating slab when an individual does not opt for Group Credit Life Insurance (GCLI); a 0.05% concession is offered for opting in, subject to the published minimum rate of 8.65% on the fixed-rate note.View source
The page publishes fixed 8.50%–11.05%, floating 7.60%–11.15%, the spread range and separate GCLI conditions.
Source
bob Green Wheel — current official page review
Page / section
Fees & charges — Fixed Rate and Floating Rate tables
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Maximum financeUp to ₹5 crore for private-use vehicles: individual borrowers up to ₹3 crore and non-individual borrowers up to ₹5 crore. Finance is up to 90% of the on-road price, so the published margin is 10%.View source
The page publishes 90% on-road financing, ₹500 lakh overall, ₹300 lakh individual and ₹500 lakh non-individual limits, and a 10% on-road margin.
Source
bob Green Wheel — current official page review
Page / section
Benefits — Up to 90% financing; Features — financing limit; — Maximum Limit and Margin
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Maximum tenureUp to 84 months; salaried individuals with CIBIL 726 or above may receive up to 96 months. Fixed-rate minimum is 37 months.View source
The gives 84 months normally, 96 months for qualifying salaried borrowers and a 37-month fixed-rate minimum.
Source
bob Green Wheel
Page / section
Benefits / — Repayment Period
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Processing fee₹750 + GST for a loan up to ₹10 lakh; ₹1,000 + GST above ₹10 lakh. The benefits section describes a 50% concession in the applicable processing charge.View source
The page lists ₹750 and ₹1,000 slabs plus and separately advertises 50% concession in the applicable processing charge.
Source
bob Green Wheel — current official page review
Page / section
Benefits; Fees & charges — Unified Processing Charges
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
EligibilitySalaried employees; businessmen, professionals and farmers; directors of private/public limited companies, proprietors and partnership firms; corporate entities and firms including LLPs, trusts and societies; and NRIs/PIOs. Borrower minimum age is 21; co-applicant minimum age is 18; age at the end of repayment must not exceed 70.View source
The page lists the eligible customer groups and publishes 21/18 minimum ages and a maximum age of 70 at repayment end.
Source
bob Green Wheel — current official page review
Page / section
Eligibility Criteria; Features — Age; — Age
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Repayment tenureMaximum 84 months; minimum 37 months for a fixed-rate car loan. Salaried individuals with CIBIL 726 or above may receive up to 96 months.View source
The page publishes 84 months maximum, 37 months minimum for fixed and 96 months for salaried customers with CIBIL 726+.
Source
bob Green Wheel — current official page review
Page / section
Benefits; Features; — Repayment Period
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Prepayment / pre-closureFloating-rate individual: nil. Floating-rate non-individual: 4% of outstanding within six months of disbursement, nil after six months. Fixed-rate: nil part-payment up to cumulative ₹40,000 within two years and nil after two years; otherwise 2% + GST on the entire prepaid amount when the ₹40,000/two-year limit is exceeded or the account is closed within two years.View source
The publishes separate floating individual/non-individual rules and fixed-rate ₹40,000/two-year and 2%+ exceptions.
Source
bob Green Wheel — current official page review
Page / section
Terms & Conditions — Pre-closure charges
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Loan typeElectric-vehicle auto loan for a new electric car (four-wheeler) for private use.View source
The current page says the purpose is purchase of new Electric cars (4 Wheeler) for private use.
Source
bob Green Wheel — current official page review
Page / section
Eligibility Criteria — Purpose; Terms & Conditions — Only for purchase of Electric vehicle for personal Use
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
BenchmarkBank of Baroda says BRLLR applies to all retail lending products. The current page lists BRLLR at 7.90% (repo 5.25% + markup/base spread 2.65%) effective 6 December 2025 and 1-year MCLR at 8.75% effective 12 August 2026. Product-specific spreads, CIBIL pricing and scheme conditions determine the applicable rate.Effective 12 Aug 2026View source
The page states that was introduced for all retail lending products and gives the current , repo-plus-spread composition and reference. It does not state that one single spread applies to every product.
Source
Bank of Baroda Retail Loans Interest Rates
Page / section
benchmark; benchmark; retail loan rate tables
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
PurposePurchase of a new electric car (four-wheeler) for private use.View source
For purchase of new Electric – cars (4 Wheeler) for private use.
Source
bob Green Wheel — current official page review
Page / section
Eligibility Criteria — Purpose
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Margin10% of the vehicle's on-road price.View source
Margin: 10% margin on on road price of the vehicle.
Source
bob Green Wheel — current official page review
Page / section
— Margin
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Credit-score ruleMinimum CIBIL score is 701; a CIBIL score of −1 is also eligible. Pricing is based on the applicant/co-applicant bureau score, subject to the bank's cut-off rules.View source
The page states minimum score 701 and that −1 will also be considered; the says the minimum bureau cut-off follows bank guidelines.
Source
bob Green Wheel — current official page review
Page / section
Features — score; Terms & Conditions — Bureau Score validation
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
SecurityHypothecation of the financed electric vehicle; the hypothecation is removed after the loan is fully repaid.View source
The page says all cars financed are hypothecated to Bank of Baroda and the hypothecation is removed after full repayment.
Source
bob Green Wheel — current official page review
Page / section
Features; — Security
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Vehicle insuranceComprehensive vehicle insurance with Bank of Baroda's clause is required.View source
The requires comprehensive insurance of the vehicle with the bank's clause.
Source
bob Green Wheel — current official page review
Page / section
— Insurance
Accessed
15 Sept 2026
Confidence
high
Open official source ↗
Required documentsPhoto ID and age proof; signed application with three passport photographs; residence proof; notarised registered rent agreement; six-month bank statement. Salaried applicants: last three months' salary slips and Form 16 or income-tax returns. Self-employed applicants: two years' balance sheet/profit-and-loss and ITRs, Form 26AS/Traces, business proof such as licence/registration/GST certificate, and applicable income-tax assessment/clearance, challan, TDS/Form 16A or Form 26AS evidence.View source
The page enumerates common, salaried and self-employed documentation, including Form 16, , Form 26AS/Traces, business proof and tax evidence.
Source
bob Green Wheel — current official page review
Page / section
Documents Required
Accessed
15 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Concessional interest rate of up to 0.15% below the normal car-loan rate.
  • 50% concession in the applicable processing charge.
  • Up to 90% financing.
  • Repayment period up to 96 months for salaried individuals with a CIBIL score of 726 or above.

Eligibility

  • Salaried employees, businessmen, professionals, farmers, eligible company directors, proprietors, partners, corporates, firms, and can apply.
  • The loan is for a new electric four-wheeler for private use.
  • The borrower must be at least 21 years old and the applicant/co-applicant/guarantor's age plus repayment period must not exceed 70 years.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Photo identity and age proof such as card, passport or driving licence.
  • Signed application form with three passport-size photographs.
  • Residence proof such as passport, voter , driving licence, postpaid utility bill, updated passbook or bank statement, or notarised registered rent agreement.
  • Bank statement for the last six months.
  • Salaried applicants: last three months' salary slips and Form 16 or Income Tax Returns.
  • Self-employed applicants: balance sheet, profit-and-loss account and income computation for the last two years; Income Tax Returns, 26AS and TRACES; business proof such as Gomasta licence, registration certificate or registration certificate; and applicable tax assessment, challan, /Form 16A or Form 26AS evidence.

Related official documents

Bank of Baroda Retail Loans Interest Rates — current BRLLR and MCLR referencesofficial-interest-rate-page · current · accessed 29 Aug 2026
↗
bob Green Wheel — official pageofficial-product-page · current · accessed 29 Aug 2026
↗
bob Green Wheel — current official page reviewofficial-product-page · current · accessed 15 Sept 2026
↗
Bank of Baroda service charges — fixed-rate retail prepayment and two-wheeler rulesofficial-service-charge-page · current · accessed 29 Aug 2026
↗
Bank of Baroda loan APR auditofficial-product-pages-and-rate-table · current-at-review · accessed 29 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

· Published value7.90% = repo 5.25% + markup/base spread 2.65%

This value is copied from Bank of Baroda retail-lending benchmark reference. Check the table notes before relying on it.

Source: Bank of Baroda Retail Loans Interest Rates · benchmark; benchmark Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 3 rows · 4 columnsBank of Baroda retail-lending benchmark referenceCurrent benchmark values and effective dates from the official retail-loans rate page.View tableHide table

Scroll sideways to view every column

Bank of Baroda retail-lending benchmark reference
ReferencePublished valueEffective dateUse
7.90% = repo 5.25% + markup/base spread 2.65%6 December 2025Benchmark for retail lending; product-specific spread and risk pricing still apply.
1-year 8.75%12 August 2026Reference used by products or fixed/legacy pricing that expressly links to .
Base rate9.45%12 May 2025Reference where a product's published terms expressly use Base Rate.
  • The page says covers retail lending products but also shows product-specific spread tables; the benchmark is not itself the final customer rate.
Bank of Baroda Retail Loans Interest Rates · benchmark; benchmark · effective 12 Aug 2026 · accessed 29 Aug 2026Open official source ↗
Table 2 · 18 rows · 2 columnsbob Green Wheel — current published termsStructured transcription of the current official page's rate slabs, limits, eligibility, fees, security, insurance and pre-closure rules.View tableHide table

Scroll sideways to view every column

bob Green Wheel — current published terms
ParameterPublished detail
VehicleNew electric car (four-wheeler) for private use
Eligible customersSalaried, businessmen, professionals, farmers, company directors, proprietors, partners, corporates/firms, , trusts, societies, and
Minimum ageBorrower 21 years; co-applicant 18 years
Maximum ageApplicant/co-applicant/guarantor plus repayment period not above 70 years
Minimum 701; −1 also eligible; 726+ salaried customers may receive 96 months
FinanceUp to 90% of on-road price
Maximum limit₹5 crore overall; individual ₹3 crore; non-individual ₹5 crore
Margin10% of on-road price
Fixed rate8.50%–11.05% p.a.
Floating rate7.60%–11.15% p.a.; −0.30% to + +3.00%
GCLI pricing0.05% concession for opting in; 0.05% additional on each slab when an individual does not opt in; fixed-rate note says subject to minimum 8.65%
TenureMaximum 84 months; fixed-rate minimum 37 months; salaried CIBIL 726+ up to 96 months
Processing₹750 + up to ₹10 lakh; ₹1,000 + above ₹10 lakh; 50% concession advertised in benefits
SecurityHypothecation of financed vehicle; released after full repayment
InsuranceComprehensive vehicle insurance with Bank of Baroda clause
Floating pre-closureIndividual nil; non-individual 4% within six months, nil after six months
Fixed pre-closureNil up to cumulative ₹40,000 within two years and after two years; otherwise 2% + on entire prepaid amount
DocumentsPhoto/age , application/photos, residence proof, rent agreement, six-month statement; salary slips/Form 16 or ; self-employed two-year financials, , 26AS/Traces, business and tax proof
bob Green Wheel — current official page review · Benefits; Documents Required; Eligibility; Features; Fees & charges; Terms & Conditions · accessed 15 Sept 2026Open official source ↗

More from Bank of Baroda

Related products

Baroda Advance Against Securities (Kisan Vikas Patra / e KVP)

A demand loan, term loan or overdraft against eligible Kisan Vikas Patra (/e-). The bank states there is no maximum loan ceiling, while its says lending may be up to 80–85% of the certificate face value. Apply at a branch.

View product

Baroda Advance Against Securities( Life Insurance Policies)

A term/demand loan or overdraft against an eligible assigned life-insurance policy. Minimums are ₹3,000 for term/demand and ₹20,000 for overdraft; the bank states no maximum ceiling and an advance of up to 80%–85% of surrender value.

View product

Baroda Advance Against Securities (National Savings Certificate)

A Bank of Baroda term loan, demand loan or overdraft secured by National Savings Certificates. Public borrowers have no stated maximum ceiling; minimums are ₹3,000 for term/demand and ₹20,000 for overdraft. A lien must be recorded with the issuing post office before disbursement.

View product

Baroda Advance against the securities (Relief Bonds /Government Bonds)

Bank of Baroda offers demand loans, term loans and overdrafts secured by eligible Relief or Government bonds. Published minimums are ₹3,000 for demand/term loans and ₹20,000 for overdrafts; the bank states no maximum ceiling. Its says government savings-bond advances may reach 80%–85% of face value.

View product