17/10/2024 Others
Looking to buy a new bike? Our Two Wheeler Loan is designed to make your dreams come true! With competitive interest rates, flexible repayment options, and fast approvals, owning a bike has never been easier. Whether you are a salaried professional or self-employed, we offer customized loan plans to suit your needs.
Loan Process
The process of applying for a two-wheeler loan is really simple, and many financial institutions also provide online facilities for applying for a two-wheeler loan. You can get a two-wheeler financed quickly without any hassle. Basic documents like income tax returns, bank statements, KYC documents can be uploaded online, and the bank will complete the remaining process.
Loan Tenure
The tenure of a two-wheeler loan is not as long when compared to the tenure of a home loan or other loans and is influenced by the amount of loan sanctioned, two-wheeler loan interest rate charged and the down payment made. The amount sanctioned is usually around Rs. 60,000 to Rs. 1,00,000, and the interest charged is usually anywhere between 10%-20% per annum, depending upon the bank and the profile of the customer. If you are purchasing your dream bike, then the loan amount sanctioned may go up to Rs. 2,00,000 also.
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