Is It Easy to Get a Loan for Two-Wheelers?

Two wheelers are a preferred mode of transport for middle-class Indians and the industry has witnessed exponential growth in the last three decades. Low-interest two-wheeler loans have made it convenient and affordable for discerning buyers to purchase motorbike or scooter of their choice.

If you are planning to take a loan for bike purchase then visit bajajautofinance.com and check out bike loan benefits to make your purchasing process a lot simpler.  

Buying a two-wheeler in India has become a lot easier with a two wheeler loan as you have to make a small down payment and balance loan amount can be repaid in Equated Monthly Installments (EMIs). If you have budget constraints then you should consider taking a loan for bike purchase as there are a number of banks and private lenders who provide bike loans at attractive interest rates and you can choose EMI as per your convenience.

Today a bike loan can be availed online in few simple steps by filling up a form and submitting documents such as identity proof, address proof, income proof and bank details. Once your loan is approved, the money is credited to your account and you can then purchase your dream bike. Eligibility criteria play an important role in sanctioning of two wheeler loan. Banks want to ensure that the customer is capable of repaying the loan, therefore, you are advised to check with your lender about the terms and conditions before getting the loan disbursed.

Two wheeler loans require hassle-free documentation and speedy processing ensures quick disbursal. Bike loans are offered on low-interest rates with low-cost EMIs and convenient repayment schedule. Borrowers have the flexibility to choose the tenure and EMI as per their monthly budget. Two wheeler loans are offered to salaried professionals as well as self-employed individuals. Bike loans have nominal foreclosure charges and have an option of partial foreclosure. Some banks and private lenders offer lower interest rates for existing customers and customers with an exceptional track record.

There are some banks which offer 100% finance for two-wheelers depending upon the customer profile. You need to have a good credit score with credit rating agencies to avail this offer. Proper documentation plays an important role in getting a two wheeler loan. If your documentation is not in order the chances of getting a bike loan become very slim. Make sure you have steady income and residential stability to get approval for a two wheeler loan. Once all your documents are approved the loan amount is credited to your bank account without any hassle. With Bajaj Auto Finance user-friendly two-wheeler loan plan you are just a few steps away from owning a brand new two-wheeler. It offers you the choice to decide on loan terms as per your convenience and affordability. You can check your two-wheeler loan eligibility before you choose to apply for the two-wheeler loan as well. The process is simple and easy and in a simple click, you can get yourself a two-wheeler loan.

The two-wheeler loan market in India has contributed to the growth of the two-wheeler industry in India. Lenders including Bajaj Auto Finance offer the easy to avail two-wheeler loan options to two-wheeler customers. The company finances individuals to purchase a two-wheeler for their personal use with affordable repayment options. If you are aspiring to own a two-wheeler you can choose the most appropriate two-wheeler loan depending upon your ability to repay. Two wheeler loans are the simplest and the fastest way to buy a new two-wheeler. The two-wheeler loans being offered by the banks and private lenders are not just flexible but adjustable also according to customers’ needs.