India is one of the largest markets for two wheelers, so, naturally the demand remains persistently high. Two-wheelers are normally purchased because they are economical and are low maintenance. However, if you are looking to purchase a two-wheeler that is beyond your budget, go for a two-wheeler loan. However, a two-wheeler loan requires collateral which you may not readily have. In that case, you can avail a personal loan that will require no collateral and will be disbursed quickly. Here a few reasons why you should get a personal loan over two-wheeler loan:
The moment you decide on the desired model; you can start applying for the loan. The application is processed online and is disbursed within 72 hours, if eligible. If you apply for a personal loan on Finserv MARKETS, the online agent assures you of instant approval and loan amount disbursal in 24 hours.
No Restriction on Model
On taking a personal loan for a two-wheeler, you have the choice to select a model of your choice. There are no restrictions on dealer or the model you want.
The vehicle purchased does not act as a collateral to the bank or NBFC (non-banking financial corporation). Therefore, you get complete ownership of the vehicle the moment you purchase it.
100% Financing for the Two-Wheeler
Through personal loan, you can not only finance your bike. You can also finance the accessories, insurance, taxes etc. A personal loan enables you to get the highest loan amount needed to satisfy your purchase.
Zero Down Payment
You do not have to pay any money to avail a personal loan. But if you opt for a vehicle loan, you have make a minimum down-payment. Moreover, when it comes to repaying a personal loan, you can choose your own repayment tenure. This usually ranges between 12 – 60 months.
Simple Eligibility Criteria
The only thing that one needs to furnish while applying for a personal loan is the income proof. And the only thing that needs to be in order to avail a personal loan is the credit score. If both are in sync, then the loan is disbursed in no time. There’s no tedious documentation involved either.
A personal tenure gives you the flexibility to repay based on your convenience. The repayment period ranges from 12 to 60 months, giving you enough time to clear your loan.
Waiting to buy your dream bike? Visit Finserv MARKETS and benefit from the features like quick disbursement, low EMIs, minimal documentations and a list of other features. What’s more? Your online personal loan application can be approved under just 3 minutes and the loan amount will be credited to your bank account within 24 hours!
“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!”