Subscribe to the our newsletter to receive latest news straight to your inbox.
Are you in need of a new two-wheeler, or you wanted to buy your very first ride but had a tight budget? Get a two-wheeler loan approval online from one of the reliable lenders in … Read More
Are you in need of a new two-wheeler, or you wanted to buy your very first ride but had a tight budget? Get a two-wheeler loan approval online from one of the reliable lenders in the market.
It will help you by providing the vehicle’s financial backing without having you to drain your savings. You can avail of our loans for all kinds of two-wheelers, including bikes, scooters, and mopeds. Now, you can whiz through the streets in your dream ride with ease.
Listed below are some awesome features of two-wheeler finance provided by leading NBFCs like Muthoot Capital Services Ltd.
In this digitally equipped world, financial institutions allow you to opt for bike finance online, making the process hassle-free and seamless. The application process entails minimal to no paperwork, which quickens the loan disbursal procedure. Soon after the verification, you have the borrowed loan amount disbursed directly in your bank account. Now you can bring your dream bike home without any further delay.
Any one of the mentioned document required
Approval for a two-wheeler loan is easy and simple. Muthoot Capital’s customer-centric approach facilitates you to give your sole attention to owning your dream ride.
Below are the few simple eligibility criteria that need to be met for loan eligibility:
Most renowned lenders offer two-wheeler loans with flexible repayment alternatives. You have the liberty to pick a tenure that goes well with your situation between 12 to 48 months. You can utilise a two-wheeler loan calculator to estimate the amount of interest you would have to shell out every month to repay the loan. It is determined by the borrowed loan amount and tenure, which is why it is suggested to select the tenure wisely, keeping in mind your financial capabilities beforehand. This unique feature is free, easy to use and, with just a click, helps you determine Equated Monthly Installments or EMI immediately.
The primary factor when opting for a two-wheeler loan is the interest rate. You need to go through a deliberate process of comparing the interest factor before settling on the loan.
Bear in mind that even a trivial change in the bike finance interest rate can have a visible and significant impact on your repayment amount and your monthly budget. A lower interest rate brings down the value of Equated monthly instalments (EMI). It improves your savings as you’re paying less on interests and recovering the principal faster.
There are different kinds of two-wheeler loan interest rates that are available with most two-wheeler finance providers — fixed and floating. The lowest bike loan interest rate can thus reduce your monthly outflow. It can positively impact your budget. The loans can also be categorised as under:
With a two-wheeler loan, you can fund up to 100 per cent of the value of your dream two-wheeler you want to buy. It permits you to buy your brand-new two-wheeler at nominal down payment, keeping you from paying in a lump sum.
With competitive interest rates and flexible repayment choices ranging from 12 to 48 months, you experience a seamless and convenient loan journey at Muthoot Capital Services Ltd. Apply for muthoot two-wheeler loan by tapping on Apply Now or visit a Muthoot Blue branch nearest to you to start the process.