If you are planning to buy a two-wheeler on loan, there are several Indian banks and private lenders who are willing to offer these loans at competitive rates. You need to do extensive research before you opt for a two-wheeler loan and read the fine print of the loan agreement carefully to avoid any disappointment later on.
Getting a two-wheeler loan has become a lot easier now as you can effortlessly apply for it online from the comfort of your home. To choose the best two-wheeler loan, you should first visit the websites of various banks and lenders and do a comparative analysis of bike loan interest rates offered by them.
Your next step should be to work out the bike loan EMI as per your budget and this exercise can be done by using the two-wheeler loan EMI calculator available on every bank and private lender’s website. Just feed the tenure of the loan which is best suited as per your monthly income with the rate of interest applicable and the EMI calculator will give you the desired results.
Check: Two Wheeler Loan Interest Rates
There are some other factors that you must take into consideration while choosing the best two-wheeler loan. Check out the additional benefits like zero processing fee, free insurance, and a free gold coin offer during special occasions. You can also bargain for a better interest rate if you are a loyal customer of the bank and have savings or a current account in the same bank.
Auto Loan and Financing 