The Indian economy is going through a phase of transition in recent times. The banking sector has been very aggressive in disbursing loans to the consumers who are flooded with attractive loan offers every day. It gives them an opportunity to upgrade their lifestyle by taking a loan for a new house, fancy gadgets and automobiles without depleting their capital reserve. Two wheeler loans have seen a huge surge in demand as one can buy a scooter or a bike relatively quickly without investing huge amount.
To check what documents are required to get a two wheeler loan, you can visit this page.
If your loan is approved then the Bajaj Auto Finance representative will call you to assist further.
Additional Read: Minimum Down Payment For Bike Loan
Two-wheeler loan interest rates offered by us are the lowest. You also have the option of calling our representative and ask him to find the right financing solution for you. If you want to lower the EMIs of two-wheeler loan then consider paying the maximum amount as down payment to reduce the monthly burden. By paying your bike loan EMIs on time without defaulting, you improve your creditworthiness with the credit Bureaus agencies, which makes it much easier to get loans from the banks and private lenders in future.Apply for Loan Calculate Your EMI
Yes, the benefits of buying a bike on EMI are many.
Some of them are mentioned as below –
No cost EMIs allows you to pay back your lender only the MSRP of the product.
Interest rates are not applicable on loan schemes with no-cost EMIs.
For example –
If you bought a bike costing Rs. 1, 80,000 with 6-month tenure through a no-cost EMI loan scheme, you will pay back the debt in EMIs without any interest.In short, you will only pay back the MSRP of the bike and no additional interest amount.