What are The Major Advantages of Bike Loan Instead of Cash Payment

When talking about day-to-day driving, eating food from the nearest mall or visiting a nearby city, two-wheelers are preferred mode of commutation for most people in India. However, you should ideally take a bike loan when purchasing a new two-wheeler instead of making cash payment upfront.

Advantages of a Bike Loan:-

  1. Interest Rates

For two-wheelers, lenders offer low-interest rates for ease to make significant transactions, and these can be calculated by bike loan EMI calculator. The final interest rate usually depends on the income source of the borrower, credit score, the two-wheeler price and demand variation.

  1. Quick Approval of Loans

Quick clearance of two-wheeler loans means fast payment for your two-wheeler when you purchase the same on financing.

  1. Reduce the Burden on Your Budget

Another advantage of bike loans is that you can conveniently save while repaying your loan via instalments.

  1. High Coverage of Loan Amount

If you are on a low budget, you can easily buy a two-wheeler with a higher bike loan coverage. You can always calculate your interest rate in a bike loan EMI calculator and decide the sum you want to borrow.

Conclusion

The simple benefit is you do not have to spend large sums of capital, which affects your liquidity adversely. If you use cash rather than a bike loan, the liquidity will be affected adversely.

Must Read:

How To Calculate Two Wheeler Loan EMI ?

5 Best Things You Need To Know About KTM RC 390

The RC 390 is an agile, fast, and sporty bike that’s perfect for country roads and the racetrack. 

  1. Increased power

The KTM RC 390 bike has a new side-mount exhaust system and revised settings that allow it to produce 42.0 horsepower at 9900 rpm. The new slipper clutch allows optimum exploitation of the RC’s impressive cornering ability. 

  1. Sharper handling

The reduction in trail combined with a steep 23.5-degree rake and short 52.8-inch wheelbase gives the RC 390 catlike reflexes to your handling. The beautiful machine weighs just 365 pounds, affordable compared to other KTM bikes, and delivers better performance.

  1. Stronger brake

The RC’s 320mm front disk, which is clamped by a strong radially-mounted four-piston calliper, allows the already lightweight RC to decelerate at a better rate than before.

  1. Revised design

The KTM RC 390 comes with wider mirrors, a thicker seat, and adjustable levers. The graphics are bolder, and the inclusion of an LED tail light makes the RC a more sustainable street bike.

  1. Customisable parts

As the KTM bikes price list indicates, KTM allows customisations with hop-up parts and kits to make it more suited for the street or the racetrack. 

KTM’s RC series of bikes has remained true to its original design for six years, and an update was long due.

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How To Get The Best Two Wheeler Loan Interest Rates

Here Is The List Of Bajaj’s Best Mileage Bikes In India

People buy bikes based on two significant factors — mileage and cost. They often compromise with the bike’s on-road cost but are more concerned about mileage. Mileage refers to the distance travelled by bike in one-litre petrol (kmpl). Ideally, your bike should offer good mileage and must be cost-effective in the long run. 

Bajaj bikes are known to provide excellent mileage. Here are some hand-picked bikes from Bajaj offering the best mileage:

  1. Bajaj Discover 125

This bike has a mileage of 82.4 kmpl. It boasts elegant and appealing features with a 124cc cylinder. 

  1. Bajaj Platina 110

This Bajaj bike is one of the best mileage bikes in India. It can run 80 km distance in one-litre petrol. 

  1. Bajaj V15

It is Bajaj’s unique, fuel-efficient, and attractive model, offering a mileage of 57 kmpl. It includes a 149.5cc single cylinder. 

  1. Bajaj CT 100

One of the admirable Bajaj bikes is Bajaj CT 100, with a mileage of 89.5 kmpl. It comes with a 102cc and four-stroke engine. 

  1. Bajaj Discover 110

Bajaj Discover 110 is a fuel-efficient bike, offering a mileage of 76 kmpl. It has an air-cooled engine of 115.45cc. 

Conclusion

Mileage is a vital factor to consider while purchasing a bike. All the Bajaj bikes mentioned above are ranked among the best mileage bikes in India.

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Is It Good Option To Avail For A Bike Loan To Buy Two Wheeler

KTM RC 200 – Know The Pros & Cons of Best Sports Bike

Needless to say, the RC 200 from KTM is one of the best sports bikes in the country, best known for the brilliant design, engine strength, and other impactful capabilities. In the subsequent sections, we shall enlist the hits and misses of this two-wheeler whilst justifying the purchase, either using a credit line or upfront cash payment.

Good Things about the KTM RC 200

  1. Handling quality

This bike features projector headlamps and USD forks which beef-up the overall handling quality of this KTM Bike.

  1. Enhanced Aerodynamic ability

Perfect fit for riding through strong winds, courtesy of the elongated visor!

  1. Reliable Console

An all-digital panel that even offers driving improvement insights!

  1. Stunt-Friendly ABS

KTM RC 200 flaunts a single-channel anti-locking braking system that allows you to express your riding skills better.

In addition to these, this bike also boasts of improved performance owing to the 9.30-second mark relevant to 0-100kmph acceleration, innovative styling, and the 200cc engine.

Check: KTM Bikes Price List

Cons

  1. Mileage

Low-value mileage might be a deal-breaker but it is more than obvious owing to the high-performance of this KTM bike.

  1. Smaller Fuel Tank

This bike comes with a smaller tank with a maximum capacity of 9.5 liters. 

Clearly, the pros outweigh the cons, making this one of the best sports bikes to invest in. 

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How To Get The Best Two Wheeler Loan Interest Rates

Is It Good Option To Avail For A Bike Loan To Buy Two Wheeler

There are many benefits of taking a fresh credit line for purchasing a new bike. Here are the six essential reasons why a two-wheeler loan is a better bet as compared to an upfront cash payment.

Zero Financial Burdens

A bike loan allows you to save the hard-earned money and segregate the borrowed amount into easy installments, which doesn’t burden you, financially.

Quicker Approvals

While cash payment is quick, a bike loan is easy to get approved in almost no time, provided your credit score is on point.

Better Bike Selections

While your cash reserves might be limited, getting a credit line allows you to focus on a bigger and better bike, as you can pay up the sum in easy installments.

Competitive Interest Rates

Almost every lender offers decent bike loan interest rates which keep the EMIs within the affordable limits

Covers almost any Bike

Credible lenders do not discriminate but offer credit lines on any given bike, provided you are eligible

Additional Perks

Certain financial forms offer accidental coverage or complimentary insurance with a two-wheeler loan. 

Each of the 6 benefits needs to be considered before you can even plan on purchasing a new bike. 

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How To Get The Best Two Wheeler Loan Interest Rates

Here Are The Important Things To Consider While Buying a Motorcycle in 2021

Two-wheelers will play a major role in reviving the professional fortune in 2021, especially after the dismal 2020. However, going about purchasing a motorbike would require discretion and adherence to the following aspects:

Evaluate usage patterns

A bike buying guide is of no use if you aren’t aware of your preferences. For instance, your choice of a two-wheeler would vary if you are either a daily commuter or a typical highway hauler. 

Zero in on the Budget

Provided you are planning to get a fresh credit line for your bike or interested in purchasing upon paying up the entire sum at once, it is still necessary to zero in on the budget-centric preferences and choose accordingly. In case you are opting for a loan, the budget helps you strategize better using a Two Wheeler Loan EMI Calculator.

Look for Reliable Lenders

While you can always sift through a detailed bike buying guide to choose vehicles according to design, seating preferences, mileage, and other factors, it is still important to opt for a reliable lender for getting the best interest rates on the bike loans.

Once these three aspects are out of the way, you can start analyzing the monthly liabilities upon relying on the lender-backed two-wheeler loan EMI calculator. 

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How To Get The Best Two Wheeler Loan Interest Rates

4 Factors that can help you get the Best Two Wheeler Loan Interest Rates

Purchasing the preferred two-wheeler on a loan can be tricky if you aren’t sure about the lender and the quoted interest rates. Therefore, it is necessary to be aware of these 4 factors to get the best interest rates on your credit line.

  1. Credit History

Lenders instill faith in your repayment history upon checking your credit score. Therefore, a higher credit score automatically qualifies you for a lower two wheeler loan interest rate.

  1. Cost of the Bike

A two-wheeler loan for a budget-centric bike has better chances of getting approved and attracting nominal interest rates.

  1. Down Payment

In case you choose to make sizable payment upfront, it is possible to get a better deal on the two wheeler loan interest rate as the lenders are expected to show more faith in your repayment capabilities.

  1. Loan Tenure

If you want to procure a lower interest rate for your two-wheeler loan, you should opt for a longer tenure and consider prepaying the same after a certain point in time. 

In addition to these four factors, your job, financial stead, annual income, and credit history also have a bearing on the interest rates. 

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Top 10 Reasons Why People love KTM RC 200 and RC 390

The Australian automotive giant, KTM has finally launched KTM RC 200 and RC 390. These are powerful feature-packed bikes which are priced at Rs. 2.05 lakhs and Rs. 1.6 lakh for RC 390 and RC 200 respectively ex-showroom Delhi. KTM is quite hopeful about these bikes as they are not only affordable and provide features similar to their other top-end bikes.

Let’s look at the top 10 reasons why this KTM bike is a major hit between bike enthusiasts.

  • Features inspired from the KTM 1190 RC8 R
  • Supported by tubular space frame designed using steel tubes provides strength
  • Water-cooled, 4-stroke, mono cylinder engine for the smooth running
  • 6-speed claw transmission same as the duke bikes
  • RC 200 flaunts MRF tyres and RC 390 the Metzeler tyres for grip and speed
  • Finest suspensions similar to RC8 with enhanced stability
  • Advanced braking system. RC 390 also supports an ABS
  • Highly advanced and futuristic LCD panels that even shows the most optimum time to shift gears
  • Super-sporty in looks and features
  • Made to provide a strong design and maximum manoeuvrability

Browse:- KTM Bikes Price List

If you are a biker who wants speed, stability, manoeuvrability, fuel-efficiency and style, you must get your hands on one of these RC bikes. Also, these bikes are inspired from the Duke series.

Additionally, these bikes are not only affordable but also the best bikes in the segment.

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Bajaj Pulsar 150 – Know The Best Features That Make Its High Selling Bike

The Bajaj Pulsar 150cc is one of the most popular bikes in its segment. It has become the best-selling product in this highly competitive sector because of its spectacular list of features. Some of the features that make Bajaj Pulsar 150cc a clear winner are:

  • Power

The deciding factor that helps Bajaj Pulsar 150 blow away the competition is its powerful engine. Despite having an entry-level 150cc engine for sportbike enthusiasts, Pulsar 150 can churn out an impressive 15.1 PS of power at 9000 pm. 

  • Design

The sharp and edgy design of the Pulsar 150cc has clicked with youngsters well. The signature look of the bike is uniquely different from any other bike in the market, making it easily recognizable and loved.

  • Features

Bajaj Pulsar 150 is loaded with several features such as a part-analog-part-digital custom instrument console, engine kill switch, clip-on handlebars, tubeless tires, self-canceling turn indicators, DC headlamp, and backlit switches. 

  • Pricing

Pricing has always been Bajaj’s most attractive feature. All Bajaj bikes are economically priced, and the new Pulsar 150 follows the trend, costing Rs 70,500*, providing great value for its vast list of features.

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Top Reasons Why You Should Use EMI Calculator Before Taking Bike Loan

Following are the reasons why you should utilise the EMI calculator before taking a bike loan –

ACCURACY — It is possible to make errors while calculating with a pen and paper, and you want to avoid anything happening to your hard-earned money and messing up your financial budget. An online EMI calculator provides you with an approximate amount which gives you an idea of your possible future instalments. 

INSTANT AND CONVENIENT — You only need to input the combination (loan amount, interest rate and tenure) you deem suitable, and the EMI amount is determined in just a few seconds. The Bike Loan EMI Calculator is available free of cost and can be accessed from anywhere anytime. 

PLAN YOUR FINANCES — If you use an EMI calculator before applying for a bike loan, you are in a position to plan your finances ahead. This way, when the time for debt repayment comes, you can comfortably pay off your debt without burdening your personal expenses. It helps you to ensure a good credit score.

It is better to gauge the risk of taking a loan as it saves you from the financial and mental stress. Using a bike loan EMI calculator will help you make an informed decision.

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Tips To Choose The Best Two Wheeler Loan (2020)