bike loan – Auto Loan and Financing

Introducing the 2023 iteration of the Bajaj Pulsar NS 160 and NS 200

Bajaj Bikes, bike loan, Bike Loan Interest Rates

Summary – The NS 160 and the NS 200 have been updated for the year 2023. Read on to learn more about them.

The NS 200 and the NS 160 are two of the best-looking and best-selling street bikes from Bajaj Auto.

Both motorcycles have been updated for 2023. The details about the updates implemented on these two motorcycles are mentioned below.

The Pulsar NS 200

The Pulsar NS 200 is the best-selling street sports bike in India. The bike was introduced to the Indian market back in 2012. The bike is being offered by Bajaj even in 2023. Overall the motorcycle’s design and packaging is the same since 2012. But the bike still brings in customers for Bajaj Auto.

How?

The primary reason that makes the NS 200 desirable is its 200 CC engine. The peak power and torque outputs of the liquid-cooled, single-cylinder engine are 24.13 bhp and 18.74 Nm respectively. The 200 CC bike is quite fuel efficient as well. The real-world mileage of the bike is 40 KMPL. Furthermore, the bike is offered with front and rear disc brakes. The base trim of the bike is offered with single-channel ABS. The top trim of the bike is offered with dual-channel ABS. The next reason that makes the NS 200 a value-for-money offering from Bajaj Auto is its price. The latest ex-showroom price of the NS 200 starts from Rs. 1, 67,083.

The Pulsar NS 160

The Bajaj Pulsar 160 NS on the other hand looks and feels the same as the NS 200. The only difference is that the NS 160 is powered by a 160.3 cc, single-cylinder, liquid-cooled engine. The peak power and torque outputs of the engine are 17.03 bhp and 14.6 Nm. Similar to the NS 200, Bajaj also offers this motorcycle with front and rear disc brakes.

The NS 160 also entails two variants. The base variant is offered with single-channel ABS. The top variant is offered with dual-channel ABS. The real-world mileage of the NS 160 is 41.5 KMPL. The price of the NS 160 is also quite competitive. The base trim of the NS 160 entails the ex-showroom price tag of Rs. 1, 50,767.

Both the NS 200 and the NS 160 have received 2023 updates

Bajaj now offers the NS 200 and the NS 160 with front Upside Down Fork suspension units. The digital instrument clusters of both bikes have been reprogrammed. The reprogramming now allows the riders of the NS 200 and the NS 160 to view the position of their bike’s gear. The reprogramming also enables the instrument clusters of both motorcycles to show real-time fuel economy, average fuel economy and distance-to-empty readings.

For more details about these motorcycles, please visit the nearest Bajaj bike dealership today.

Must Read : Bajaj P150 – a modern addition to India’s commuter bike segment

Benefits of Financing a Bike in India

bike loan

The automobile sector was hard-hit no thanks to the COVID – 19 pandemic. Global supply chain disruptions were the primary reason for automobile brands to incur losses. Global automobile manufacturers are trying hard to bounce back. The same goes for the bike manufacturers in India.

However, there is a catch. To make up for the losses incurred during the lockdown days, the prices of bikes have shot up. Currently, one would have to pay more than INR. 1 lakh for a 125 CC bike! Hence the days of buying bikes with cash are long gone.

These days, people apply for a bike loan as financing a bike allows them to enjoy the following benefits.

Although the prices of motorcycles have gone up, shockingly, the sales of motorcycles have not waned in India. The reason is simple. People have finally understood that they do not have to use cash to buy a bike they want. The days of settling for a bike that barely meets commuting needs are long gone. With the help of financing options, one can even buy a superbike if their heart desires.
A bike loan also allows one to keep their monthly budget intact. As one won’t be spending cash to buy a bike they want, they’ll have the means to make ends meet.
The bike loan interest rates that entail almost all bike loan schemes are competitive these days. This can be verified if one uses an online bike loan EMI calculator. The upside of competitive interest rates is that one will have plenty of lenders to choose from. Furthermore, one will also be able to negotiate the terms offered by the lender. The lender will try their best to secure the deal instead of losing a client to its rival(s). Hence, one will be able to not only get low interest rates but also enjoy bespoke loan clauses.

To learn more about the benefits of financing a bike, one should consult a professional financial advisor.

Must Read: Top 5 Sports Bikes in India That You Should Know

Why Bike Loan is The Best Option to Buy a Bike?

bike loan, Two Wheeler Loan

The spending capabilities of the average Indian have gone up in recent years. But still, Indians prefer to buy a bike and not a car. The reason is simple. A car costs more at the dealership than a bike. Then the costs of registering and insuring the vehicle are exorbitant as well. Furthermore, the fuel and maintenance costs of a car are otherworldly, to be honest. On top of these, cars cannot cut through traffic like a bike. Parking a car is a headache as well.

On the other hand, a bike costs less than a car. Bikes consume less fuel and cause less pollution. Bikes can cut through the traffic and allow the rider to reach their destination quickly. Parking a bike is way easier than parking a car. On top of these reasons, the maintenance, insurance and registration costs of a bike are affordable.

Then why do people apply for a bike loan when they want to buy a motorcycle?

In recent years, the year-on-year growth of the Indian motorcycle sector has been impressive. Demand for motorcycles has always been high across India but recently demand has surpassed supply. Bike brands ensured that they are not failing to monetize this growing demand for motorcycles. This is why motorcycle brands operating in India have hiked the prices of their motorcycles by several folds. The cost of even an entry-level commuter bike now costs more than INR. 80, 000.

Hence, the days of buying a bike with cash are long gone.

Furthermore, buying a bike through a loan entails a lot of benefits for the buyer. Some of those benefits are mentioned in the sections below.

A bike loan allows one to keep their emergency funds intact.
Bike loans entail low-interest rates. All one would have to do is use a Two wheeler loan EMI calculator before applying for a loan. In this way, they would be able to select the best principal + tenure + downpayment combination. The best principal + tenure + downpayment combination would entail low-interest rates.
A loan would also allow one to boost their CIBIL score and create a spotless credit history.

To learn more about the benefits of financing a bike, talk to the nearest professional financial advisor.

Must read: How To Calculate Two Wheeler Loan EMI?

Top Reasons Why Should You Apply for a Two Wheeler Loan

bike loan, Two Wheeler Loan

The prices of motorcycles in India have gone up. Hence, it makes no sense to purchase a bike with cash.

Moreover, buying a bike through a Two wheeler loan has many benefits. Here are ten of them –

A bike loan allows one to get the bike they want

A bike loan allows one to buy whichever bike they want. The price of the bike is not a matter of concern.

A bike loan allows one to keep their hands off their emergency funds

Buying a bike with a loan allows one to keep their hands off their savings. This ensures that one has emergency funds set aside for uncertain days.

Bike loans are affordable

Unlike other loan schemes, bike loans these days entail flexible repayment options, low interest rates and reasonable EMIs. For the best results, one must use a bike EMI calculator to learn about the best tenure + principal amount combination. This simple step will allow one to choose a bike loan with affordable EMIs and interest rates.

Bike loans boost one’s credit score and history

Buying a bike through a bike loan and paying off the debt via EMIs boosts one’s credit score and builds positive credit history.

Bike loans allow one to invest their savings on investment mediums

Buying a motorcycle via a bike loan can allow one to become richer. How? Well, one can choose to invest their savings in investment mediums and build their wealth.

A bike loan can allow one to become a master of money management

By applying for a bike loan, one can hone their money management skills. Honing one’s money management skills can ensure one has the means to pay off the EMIs on time.

For more details, consulting with a professional financial advisor would be a wise decision.

Must read:

How We Can Calculate Bike Loan EMI Online ?

Know Why Bike Loan Is The Best Option To Buy A Bike

bike loan

When one buys a bike via financing, they can enjoy several benefits. Some of them are as follows –

One can buy the bike they want

When one buys a motorcycle after they apply for a bike loan, they will be able to buy the bike they want. If they chose to buy a bike with cash, their options would have been limited.

Furthermore, most lenders offer 0 downpayment loans these days. A 0 downpayment loan allows one to take their dream bike home without spending a single penny as a downpayment. The entire MSRP of the bike will be borne by the lender.

There is a catch – 0 Downpayment loan that entails high-interest rates and hefty EMIs. Hence, one should read the terms of the loan scheme carefully before applying.

One can keep their savings, FDs and emergency funds untouched

Bike loans can help one to keep their emergency funds, FDs and savings are intact. Motorcycles these days cost a lot of money. Hence, buying a bike with cash means emptying one’s cash reserves!

To keep such instances at bay, a bike loan seems like a good idea. The debt can be repaid in small EMIs + affordable bike loan interest rates. Thus ensuring that one would not need to feel financially burdened or stretch their monthly budgets further!

One can practice the discipline of keeping sufficient funds in their bank account

Paying EMIs on time is essential when one buys a bike via a motorcycle loan. Defaulting on EMIs entails hefty fines. Furthermore, it would also reduce one’s credit score and place red flags on their credit history. This is why maintaining the minimum balance in one’s bank account is essential. In case one often keeps INR 0 in their bank account, they can change this habit in no time.

Must read: How To Get Instant Approval on Two Wheeler Loan?

How To Get Instant Approvals On Bike Loan?

bike loan, Two Wheeler Loan

Applying for a motorcycle loan is a necessity these days. The reason is simple – the prices of bikes in India have been increasing steadily. Hence, one can’t buy a bike with cash.

Bike loans can help one to buy their dream bike. But if they fail to follow certain tips, their loan application might get rejected.

What are those tips?

They are as follows –

Before applying for a two-wheeler loan, the borrower should use a bike loan EMI calculator. An EMI calculator is a free-to-use tool that is available on the websites of leading two-wheeler portals. One can also find these nifty tools on the official websites of their preferred lenders. Why use these tools?
Well, by using an EMI calculator, one can get an idea of the EMIs they would have to bear for the motorcycle loan. Learning about the EMI before applying for the loan will allow one to ensure that one can afford the loan. Failing to pay EMIs on time entails hefty penalties. Furthermore, defaulting on EMIs will also reduce the credit score of the borrower. EMI defaults will also place red flags in the credit history of the borrower. To keep all of these at bay, using an EMI calculator tool is the way of the wise.
The borrower should double-check the KYC details they have offered to their lender. Inaccurate KYC details will result in loan application rejections.
Borrowers should apply for motorcycle loans if and only if their credit score is above 750.

For more details, consulting with a reputed financial advisor is strongly advised i.e Bajaj Auto Finance.

Must read: What is Bike Loan EMI Calculator and How Does it Work?

Things to Know While Comparing Two Wheeler Loans

bike loan, Two Wheeler Loan

Owning a two-wheeler is a popular decision for many Indians. However with rising production costs and ever-increasing ex-showroom prices, one has to take a two-wheeler loan. So what are the things that one should keep in mind while comparing a two-wheeler loan? Well, this post will shed light on some of those factors.

There are several aspects that one might need to keep in mind while comparing two-wheeler loans from different lenders. Some of those considerations are as follows –

Every lender has its set eligibility criteria which may or may not differ from other lenders. Hence, the first step that one should take is to make sure that they are meeting the eligibility criteria set by the lender before they apply for the Two wheeler loan.
One must also make sure that the loan amount they will be getting will be enough for them to buy the two-wheeler they want. Some lenders do not ask for a down payment from the loan applicant but at the same time, one must carry out the necessary research so that the rate of interest will be within their budget.
The loan process should be seamless and the time taken to complete all paperwork should be short. For the best results, it is ideal to go for lenders that prefer e-paperwork instead of traditional paperwork as the former takes less time.
Finally, it is best to go for lenders that offer a dedicated bike loan emi calculator tool on their website so that the applicant can check out whether or not the minimum EMI the lender will be charging will be within budget or not.

Must Read:

How to Get an Instant Approval on Bike Loan Online?

Everything You Should Know About Two Wheeler Loan ( 2021 )

bike loan, Two Wheeler Loan

A two-wheeler is one of the fastest ways to commute in India. This is the reason why people prefer owning a bike over a car when they want to reach from point A to B in a hurry.

On that note, when you are finally done deciding which bike you want, you are probably planning to apply for a two wheeler loan.

Here are a few things that might come in handy –

Eligibility criteria that most lenders follow

The applicant should be above 21 years old.
The applicant should have a stable job or a stable income in case the same is a businessperson.
To ensure that the bike loan interest rates are within your limits, you would need to make sure that you have a good CIBIL score (which should be in the range of 700-750).

Documents needed

Apart from filling out the loan application form, you would need to bring with you a self-attested photocopy of your PAN card which the lender will be using as ID proof.
The lender will also ask for proof of address. In this case, all you would need to do is bring a self-attested photocopy of your voter ID or passport.
The lender will also ask for your bank statements for the last three months.
Whether you are a salaried individual or a businessperson, your lender will also ask for the latest ITR details.
You would also need to bring with you at least ten copies of your passport size photographs.

Must Read:

How To Get The Best Two Wheeler Loan Interest Rates?

A Complete Guide To Choosing The Best Two Wheeler Loan

bike loan, Two Wheeler Loan

If you want to buy a two-wheeler vehicle but are concerned that you cannot afford the whole amount at once, you can consider availing a two-wheeler loan. If this is the first time that you are applying for a loan, here’s a complete guide to choosing the best.

Research– One of the most important things before applying for Two Wheeler loan is to do a thorough research. Check the various loan offers from different lenders and compare them based on factors like rate of interest, EMI, plan benefits, tenure etc.
Interest Rate- Different lenders offer different interest rates on two-wheeler loans. The interest remains constant throughout the year, but the amount increases. Hence, select the finance company that has the minimum interest rate.
Loan Repayment- The tenure of repayment and EMI varies for different loan plans. You can calculate it by using the Two wheeler loan EMI calculator. This will give you an idea about the amount of EMI that you need to repay.
Tenure of the Loan– There are many tenure options available on two-wheeler loan, starting from 12 months to 48 months depending on your loan repayment capacity. The tenure of the loan repayment can be adjusted according to the necessity.
Offers- During festivals and other occasions, finance companies provide some additional offers and attractive discounts on the loan like low-EMI, low rate of interest, flexible tenure etc. You can make the most out of such occasions to get a better deal. This will allow you to save money and you can also buy your desired vehicle at the best price.

Hope these tips can help you find the best two-wheeler loan for your needs.

Must Read:

How To Calculate Two Wheeler Loan EMI Online Or Offline?

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

bike loan, Two Wheeler Loan

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:-

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.

Quick Approval of Loans

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

Reduce the Burden on Your Budget

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

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 ?