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Road Transport Loan

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Published maximum term: 60 months.

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About this loan

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Bank of Baroda Road Transport Loan

  • All Road Transport Operators
  • Should have permit to operate vehicle as public transport
  • Competitive interest rate

Eligibility and conditions

  • Commercial/public-transport or eligible utility vehicles, not an ordinary private car offer. Published limits depend on vehicle type; higher limits are assessed individually.
  • PLR 7.70% is from the schedule effective 15 June 2025. Rates are variable; confirm the current personal offer with the bank.
Rates, limits and costs to confirm

Published annual rate: Not established

This is a published scheme rate. Eligibility, additional charges and the applicable terms still need to be checked.

Advertised bank pricing: Not established

Bank of Baroda Prime Lending Rate (PLR): 7.7% · 2025-06-15

Costs not yet priced

  • Confirm processing fees, insurance, taxes, legal/registration charges and any other costs with the bank.
Sources & verification (8 facts)
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Checked 11 Oct 2026

A scheme that gives you complete freedom of movement. Explore Road Transport Loan from Bank of Baroda. Road Transport Loan Eligibility Purpose Amount Margin Repayment Rate of Interest Security Processing Fees Document Required Sanctioning Authority All Road Transport Operators – Individuals/Firms/Companies, etc. Should have permit to operate vehicle as public transport Farmers/planters for purchase of utility vehicles Open to non-customers also For all legitimate purposes except for speculation Maximum Rs. 1 million for new taxi and Rs. 1.5 million for new van/mini bus Higher limits may also be considered based on individual merits Minimum between 15% to 25% Maximum 5 years Competitive interest rate Gage sans deplacement Insurance cover Competitive processing fee National ID card for individuals Certificate of incorporation Marriage certificate wherever applicable Latest utility bill Driving license Business license/permit for the vehicle Non-customers to provide statement of account for last 1 year Time frame for taking credit decision/disposal of proposal from the date of submission of data/information is within 10 working days for all credit facilities up to Rs. 3,00,000. For further details of the Scheme and terms & conditions, please contact nearest Branch Apply Online Calculators Download Forms Need Assistance? General Call (230) 208 1504/05 (230) 208 3891/93 Email Us cesecretary.mu @bankofbaroda.com 24X7 Service for Card Blocking Mauritius: 8974 Outside Mauritius: (230)58958974 Address: P.B. No. 553 No.32, Sir William Newton Street, Port Louis Mauritius Request Callback Please fill in these details, so we can call you back and assist you. Related Products Baroda Personal Loan Know More Car Loans Know More House Loan Know More Mortgage Loan Know More

Document: Bank of Baroda: transport

Document section: Reviewed product terms

Website section: Loans / Cards

Bank breadcrumbs: Products → transport

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Product version 2 · 11 Oct 2026

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