We all begin to eye two wheelers before reaching the eligible age to drive. Two wheelers are the first flight to freedom in most households and they are no longer a luxury. Given the state of public transport in the country, two wheelers are high in demand and individuals are making a choice to own and ride their two wheelers instead of using public transport. If you have made up your mind about the two wheeler you wish to own, now is the time to make it happen. Get your favorite ride home with a two wheeler loan.
Designed to help you own your favorite two wheeler, the loan is available on all brands and types of two wheelers. Whether you want to purchase an economy model or own a premium two wheeler, you can do so with ease. Do not worry about disrupting your budget or hurting your wallet. Your dreams will turn into reality without you having to worry about funds. You no longer need to postpone the purchase of your two wheeler. Individuals above the age of 18 are eligible to apply for the loan. You need to have a valid driving license and a source of income. You can make an online application and submit an identity proof, address proof, income proof and documents of the two wheeler you wish to purchase.
In order to be eligible for the loan, you will have to make a down payment on the purchase. You can either make the minimum amount of down payment or make a higher down payment if you have excess cash on hand. The balance amount will be your loan. Compare the interest rates offered by different lenders before signing on the dotted line. You need to ensure that you get the best deal on your loan.
The loan has high amount and flexible tenure. You can repay it while you use the two wheeler. Remember that timely repayment of the loan will help build a strong credit score. Prepare a repayment schedule and ensure timely repayment of dues. If you need a longer tenure, you can inform the lender about the same before you sign the documents. You can also use the EMI calculator to estimate the amount of EMI payable on the loan. It is easy to use and is available online. Simply provide the loan amount and tenure to get the EMI estimate.
Whether this is your first two wheeler, or you are simply adding to the family, a two wheeler loan is the best way to go forward. The loan has helped many individuals turn their dream into reality. The best feature of the loan is low interest which makes it possible to make the repayment on time and it is not a burden on your pocket. The loan is ideal for all individuals across all income groups. It has a simple and transparent application procedure and gets a quick approval.