Bikes are the most comfortable means of transport in India. They are convenient, quick and saves a lot of time. For buying a bike on cash enough savings are required. One with much money to spend at one time can go for cash option But on the other hand getting a two wheeler on a loan helps borrowers in saving time and money. The borrower needs to do good research and choose the best financial institution for them. Bajaj Auto Finance offers best and reliable two wheeler interest rates without having any down payment.
Following are a list of documents required to avail bike loan in India:
- ID proof
- Address proof
- Income proof
- Income tax returns of last 2 years
- Salary slip of last three months
- For salaried individual Form 16 is needed
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Conclusion:
Getting a bike on a two wheeler loan than paying by cash makes more sense if one doesn’t have enough funds. There are many that can proof bike loan is better financial option. In such type of loan borrower doesn’t need to furnish any collateral or security. The interest rates are quite reasonable. Interest rate pay an important role in your expenses as a whole. If interest rates on bikes is low then your EMIs (equated monthly installments) will also be low.
One can now think whether to go for a bike loan or not. Loan application request can be sent online as well as offline. Many banks or financial institutions allow borrowers to upload documents on the web portal for their convenience.
Useful Links:
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