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5 Benefits of Two Wheeler Loans You Should Know About

By Finserv MARKETS - Jun 3,2019
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Two wheeler loan benefits

With a rising demand in the recent years, two-wheelers are gaining popularity in India. Besides, rise in per capita income and growing infrastructure, one of the biggest reason for the increase in sales is due to the women commuters. People are choosing two-wheelers for shorter commutes and to get away with congested traffic areas in the city. Two-wheelers are solve the parking problem, which car-using commuters have in the city. Hence, two-wheelers are becoming the second vehicle of the household.

What is an unsecured two-wheeler loan?

An unsecured two-wheeler loan does not require any collateral and are sanctioned based on the credit history and income capacity. There are easy to access and can be disbursed quickly.

What are the advantages of buying an unsecured two-wheeler loan?

1. Complete Payment

On taking a two-wheeler loan, the entire amount is covered by the lender. You do not have to pay any money and the documentation is minimal.

2. Savings can be used for other purposes

You can keep your savings untouched and use that money towards investment. You can get complete financing on the two-wheeler loan and repay in EMIs to clear off the loan.

3. Helps improve CIBIL score

Taking a two-wheeler loan is the quickest way to build a credit score and improve your financial history as well. The improved score will help you in the future, when you will have to apply for more loans.

4. Competitive Interest Rates

With the growing demand for two-wheelers, lenders are offering attractive packages at interesting rates. This makes the buyer’s journey easy and he does not hesitate to take a two-wheeler loan.

5. Complete Ownership

Once you have purchased the vehicle. The lender does not have any right over your purchase and you have complete ownership over it.

Therefore, if purchasing a bike is on your mind and you are browsing through vehicles. Do not hold yourself back. Through a two-wheeler loan, you can easily purchase the bike of your choice and repay in easy instalments.

Found your dream bike? We will help you live that dream. Visit us at Finserv MARKETS and benefit from the features like quick disbursement, low EMI, minimal documentations and a list of other features. What is more? Your online two-wheeler loan application can be approved under just 3 minutes and the loan amount will be credited to your bank account within 24 hours! Apply for Bajaj Finserv Two-Wheeler Loan with us, today!

Finserv MARKETS, from the house of Bajaj Finserv is an exclusive online supermarket for all your personal and financial needs. Loans, Insurance, Investment and exclusive EMI store, all under one roof- anytime, anywhere!

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Bajaj Finserv Direct Limited ("BFDL") is primarily engaged in distribution of financial products and services through its digital platform (“Bajaj Finserv MARKETS”) and inter alia renders services of customer acquisition, providing preliminary credit support activities, fulfilment services and post-acquisition customer services to Banks, NBFCs, HFCs. BFDL is also a registered Corporate Agent (Composite) under valid IRDAI registration number: CA0551 valid till 10-Apr-2024 for solicitation and servicing of Insurance Products. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522