Two wheelers in India can be found in the homes of almost every middle-class family and bikes are a favourite mode of transport for students all across the urban and rural India. Youngsters in the age group of 18 to 21 years aspire to own a bike of their dreams, and for this, we have introduced bike loan for students. We understand most of the students do not have finances to purchase a new two-wheeler and have to depend on their parent’s income for the same.However, there are various factors taken into consideration by the lenders before sanctioning a two-wheeler loan to students.
Our bike loan for students has the following features
Repayment tenor is 1-3 years
They, therefore, have to fulfil certain criteria to avail a two wheeler loan. The applicant:
Must have Co-Applicant
Must be a student and minimum age of applicant should be 18 years.
Should apply for student’s two-wheeler loan with co-borrower/ guarantor/Applicant.
Have a valid residential address Additionally,
The documentation required for availing a student’s two-wheeler loan is mentioned below:
Bajaj Auto Finance provides the most competitive two wheeler loan interest rate, because we understand they are not yet the earning members of the family. You can use our bike EMI Calculator to calculate your monthly installment.
Contact us to know more about student bike loans.