Two wheelers are the preferred mode of transport in Indian cities. Low-interest bike loans have made it affordable and convenient for Indians to buy two-wheeler of their choice.
One can easily apply for two wheeler loans with Bajaj Auto Finance. You can comfortably pay off the monthly installments as we offer attractive interest rates. Interest rate can directly affect the equated monthly installment or the EMI you are expected to pay for the loan tenor. Even the slightest change of 0.25% rate can have a major impact on the EMI. Therefore, interest rates play a key role in two-wheeler finance and we ensure that our customers are getting an attractive interest rate.
Interest rate applicable for Loans in BFL varies basis BFL internal credit and risk policy and as per an algorithmic multivariate score card which includes following variables (the variable list mentioned below is not exhaustive):
(a) Interest rate risk (fixed loan viz floating loan) (b) Credit and default risk in the related business segment; (c) Historical performance of similar homogeneous clients; (d) Profile of the Borrower; (e) Industry segment; (f) Repayment track record of the Borrower; (f) Nature and value of collateral security (g) Secured viz unsecured loan; (h) Subvention available (i) Ticket size of loan; (j) Credit Bureau Score; (k) Tenure of loan; (l) Location delinquency and collection performance (j) Customer indebtedness in other existing loans. The aforesaid variables may be revised from time to time as per the Lender’s past performance in a given loan portfolio.
| Annualised ROI | Up to maximum of 36% for all two-wheeler models Excluding Advance EMI scheme and selected agriculture base schemes Max up to 40% of Loan amount as a standard Percentage |
| Loan Tenure | From 3 months to 60 months for two-wheeler From 3 months to 84 months for three-wheeler and Qute |
| Upfront Charges/Processing Fee/Charges |
For Two-Wheeler Max up to 21% of Loan amount as a standard Percentage For Three-wheeler & Qute : Max up to 30% of Loan amount as a standard Percentage |
| Loan Amount | From Min 9999 and upto 20 Lakhs for two-wheeler From min 10,000 and up to 4,50,000 lakhs for three-wheeler and Qute |
As is obvious above, before getting two-wheeler finance it is important to know the two wheeler loan interest rates. Interest rates on two-wheelers vary for applicants based on their profile, repayment capacity, income level and the type of loan.
The EMIs for two wheeler loans are structured depending upon all these factors.
As is mentioned above, Bajaj Auto Finance offers the lowest rate of interest to its customers. Apart from that, there are several other advantages of taking a Two wheeler loan from us. These are:
Contact us now and get a Bajaj bike loan with the lowest rate of interest!
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