BANK OF BARODA
Bank of Baroda (Two Wheeler Loan)
        
For those 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.Read the terms and conditions thoroughly so that you understand what you are purchasing.
Location: India
Lender/Broker: Lender
Advantages:
1. 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.
2. Margin of 10% on loan amount.
3. The loan amount can be repaid in maximum 60 months from the date of disbursement of loan.
4. As a security, the vehicle to be purchased out of the loan is to be hypothecated to the bank.
5. For loan exceeding Rs. 50000, a third party guarantee and / other securities like NSC, Share certificates, etc or a mortgage of property owned.
6. The vehicle will have to be insured with the bank's clause.
Disadvantages:
1. The website has limited information on it.
Services:
The vehicle will have to be insured with the bank's clause.

APR: 4.00%Interest Type: Fixed Rate
Min Tenure: 1 MonthMax Tenure: 60 Months
Loan Amount: Up to Rs.1 LakhProcessing Fee: From Rs.250
Min Annual Income: Ask on application
EMI Equated Monthly Instalment: Rs. 439580 Available

Secured Loan: NoUnsecured Loan: No

Terms and Conditions:
The loan amount can be repaid in maximum 60 months from the date of disbursement of loan.
Identification:
For loan exceeding Rs. 50000, a third party guarantee and / other securities like NSC, Share certificates, etc or a mortgage of property owned.
Suitable:
All resident Indians, salaried, professionals, self-employed, businessmen and farmers can apply for this loan
Restrictions:
Margin of 10% on loan amount.
        
REVIEWS
Bank of Baroda (Which Way To Pay India - 15/8/2013)
Bank of Baroda is ranked 4 out of 5. Based on 1 review.

4 Star Rating

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