Finance your new journey with a two-wheeler loan

Buying a new bike or scooter can be an exciting journey. However, financing can be a challenge if you’re on a tight budget. Be it Honda Activa 6G or Royal Enfield Bullet 350, two-wheeler loans are an easy financing solution for those looking to buy a new car with EMIs. This article will discuss the advantages of getting a two-wheeler loan, the price range of two-wheelers in India, and how a two-wheeler loan EMI calculator can help you make an informed decision.

Know about two-wheeler loans

A two-wheeler loan is a type of personal loan specifically designed to help you buy a motorcycle or scooter. Financial institutions offer these loans to make it easier for buyers to afford a new car. Whether you want a stylish scooter for city commuting or a powerful bike for long rides, a two-wheeler loan can be a convenient financing solution. To get a two-wheeler loan, you need to meet the basic eligibility requirements and provide some documents.

Two-wheeler loans from Bajaj Finance

Bajaj Finance offers two-wheeler loans with up to 100% on-road financing. This financing solution makes it easier to buy your dream bike or scooter without the worry High down payment. With flexible repayment terms ranging from 12 to 72 months, you can choose the plan that best suits your financial situation.

Additionally, Bajaj Finserv provides a two-wheeler loan calculator on its website and app. This user-friendly online tool allows you to quickly estimate your EMI, helping you budget effectively and plan your purchases with confidence. Bajaj Finance makes buying a conventional or electric two-wheeler easier with affordable EMI options.

Two wheeler price range in India

Prices of two-wheelers in India vary widely. You can find popular scooters with prices starting from Rs. 70,000 Rs. 1,50,000. Scooters like Honda Activa 6G and Suzuki Access 125 are popular choices for urban commuting.

Electric scooters like the Ather 450X are also growing in popularity. Prices for top-of-the-line electric scooter models usually start from around Rs. 70,000, up to Rs. 1,50,000 or more depending on the features and brand. With the growing focus on environmental protection, many buyers are considering electric scooters as an alternative.

When it comes to motorcycles, the price range is wider. You can find entry-level bikes like the Hero HF Deluxe starting at around Rs. 60,000. High-end models like the Royal Enfield Super Meteor 650 can cost over Rs. 3,00,000. The choice depends on your budget and needs.

Once you decide on your preferred vehicle, you can book your vehicle on EMI through two-wheeler loan from Bajaj Finance. Just visit Bajaj Mall website or explore Bajaj Mall on Bajaj Finserv app to confirm your online booking and start the two-wheeler loan booking process.

Benefits of Two Wheeler Loan

There are several benefits of applying for a two-wheeler loan and booking the vehicle on EMI:

1. Affordable EMI:

One of the most significant advantages of a two-wheeler loan is the ability to pay affordable monthly payments. Instead of paying the full amount up front, you can spread the cost over months or years, saving more on your wallet.

2. Up to 100% financing:

Depending on your eligibility for a two-wheeler loan from Bajaj Finance, you can get up to 100% on-road financing. You can plan your down payment based on the loan offers you receive and make a decision that suits your financial situation.

3. Fast approval process:

When choosing a two-wheeler loan, look for a streamlined application process. Two-wheeler loans from Bajaj Finance require minimal documentation and come with a fast approval process.

How two-wheeler loan EMI calculator works

The EMI (Equivalent Monthly Installment) calculator is a useful tool for anyone considering a two-wheeler loan. It helps you estimate your monthly payments based on the loan amount, interest rate, and loan term.

Here are a few simple steps to use the two-wheeler loan EMI calculator:

1. Enter the loan amount and down payment:

To use the two-wheeler loan calculator, you first enter the total loan amount you plan to borrow and the down payment. The loan amount can be for the entire cost of the two-wheeler or part of it, depending on the amount you want to finance.

2. Enter the interest rate:

Next, you need to enter your interest rate. The actual interest rate you receive as part of a loan offer may vary based on your credit score and your lender’s policies.

3. Select the loan term:

The loan term is how long you have to repay the loan. It can range from a few months to a few years. Enter your desired term into the calculator.

After entering all the necessary details, the calculator will provide you with an estimate of your monthly EMI. This number will help you understand how much you need to budget each month to repay your loan.

Using a two-wheeler loan EMI calculator can help you plan better. You can adjust the loan amount, interest rate, down payment and term to see how these factors affect your monthly payments. This way, you can find a comfortable two-wheeler loan repayment plan that suits your budget.

in conclusion

Two-wheeler loans are a great way to finance your new bike or scooter. Bajaj Finserv two-wheeler loans offer flexible tenure plans, fast approvals and affordable EMI options. Available in various price ranges, you can find a two-wheeler that suits your needs and budget.

Using a two-wheeler loan EMI calculator can further simplify the process and allow you to make informed financial decisions. So, if you are thinking of buying a new two-wheeler, consider taking out a two-wheeler loan to finance your purchase.

Book your bike or scooter online with two-wheeler loans from Bajaj Finance. Visit Bajaj Mall website now or go to Bajaj Finserv app to confirm your online two-wheeler booking at Bajaj Mall.

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