Owning a vehicle can be a costly endeavour for most working professionals and college students. Fortunately, you can become a proud owner of your dream two-wheeler by securing a hassle-free loan from leading lenders like Bajaj Auto Finance!
It is essential for you to know and understand monetary transactions' intricacies and the advantages you can take while purchasing a high-value product like a two-wheeler or a car.
Motorbike specialist Bajaj Auto, collaborating with international adventure bike manufacturer KTM, is India's leading two-wheeler manufacturing outlet. To ensure a profitable purchase packed with incredible endurance and speed, read ahead. This blog aims to clarify every doubt you ever had, which made you hesitant to own that dream bike of yours!
Generally, you are expected to pay a mandatory 5%-15% of the value upfront when taking a bike loan. It is known as a down payment. A down payment on any of your preferred two-wheeler loans depends on several factors.
Parallel to this, the bank offers the balance amount ranging from 80% to 90% of the value as a loan to you. Bajaj Auto Finance provides lucrative payment schemes of the initial down payment for bike loan that depends on the customer's financial profile and creditworthiness.
Yes, to secure the best-suited payment scheme for your dream bike, it is vital to acknowledge the same factors and policies. Here are the factors which affect the down payment amount:
In addition to this, keep in mind that the higher the credit score you possess, the larger amount you can obtain as a loan.
You need to budget your purchase well because:
Your dream bike is just a gear away! Remember to calculate the expected monthly EMI payments. Take the help of a bike EMI calculator for an approximate estimate. Furthermore, leverage 100% finance provided by lenders like Bajaj Auto Finance on your preferred vehicle's value.
A lot depends on the credit profile of the customer. A nominal 2% to 3.5% of processing fees is included as other charges; rest assured! If you desire to own your dream bike, avail these affordable schemes at your disposal.Apply for Loan Calculate Your EMI