What Are The Documents Required To Purchase New Two Wheeler?

The process of bike registration is very simple, and your dealer can also help you completing the necessary formalities. Here is the list of documents required for two wheeler vehicle:-

For bike registration:

•           Passport size photographs – 2

•           An attested photocopy from the following documents to corroborate as ID proof:

1.         Voters ID card

2.         PAN card

3.         Driving License

4.         Passport

5.         Ration Card (if the photograph is provided)

•           An attested photocopy from the following documents to corroborate as Address proof which is :

1.         Telephone Bill

2.         Voter ID Card

3.         Rental Agreement

4.         Driving License

5.         Passport

6.         Gas connection Bills

7.         Credit Card Billing Statement (Most recent)

  • Documents required for bike loan:

Buying a two wheeler vehicle via Bike Loan (EMI System) is the good option. You can buy a new bike at the lowest interest rates. These are the documents required for loan purpose:

Salaried Person:

•           Passport size photographs – 2

•           Any ID proof from the list of documents mentioned above

•           Any address proof from the list of documents mentioned above

•           Income proof documents can be provided by the salary slips of the previous three months

•           Salary certificate or Form 16

•           Bank statements for the last three months

Self Employed:

•           Passport size photographs – 2

•           Any ID proof from the list of documents mentioned above

•           Any address proof from the list of documents mentioned above

•           Income proof documents can be provided by the Income Tax Returns (ITR) of the last three years

•           Bank statements of the previous 3-6 months, depending upon the lender

Before buying a new bike keeps your documents ready for this. Along with documents keep in mind bike loan amount and its interest rates and payable EMI. For this purpose you can easily calculate your bike loan EMI with Bike Loan EMI Calculator.

Why You Should Choose Two Wheeler Loan to Buy a New Bike?

Gone are the times when loans were a stressful and time-consuming process. Today, there exist a hundred types of loans, and most of these are super easy to avail. All thanks to the increased digitization of financial application processes.

With the modified eligibility criteria and quicker approval process, going for a Two wheeler loan is a more advantageous option than spending all your savings to buy your desired vehicle.

There are many benefits of taking a two wheeler loan –

  • Easy eligibility and Quick approval
  • Increased CIBIL score
  • Freedom to bring home your dream bike
  • Balanced expenditure
  • The lesser burden on the pocket

The article talks about various reasons which make the loan a reliable option if you are planning to switch to personal transport. It discusses in detail the advantages of a two-wheeler loan. From increased CIBIL scores to insurance benefits, a loan is a superb way to buy your favourite bike. And that too, without any associated downsides. You can easily calculate bike loan EMI with Bike Loan EMI Calculator.

Different Types of Motorcycles That You Should Know Before Buying

With so many options to choose from, people often make the mistake of going for the wrong suited bike for them. We are here to help you decide which bike will meet your requirement and will fit into your budget with our Bike Loan Calculator. You can use this feature to calculate the EMI.

You’ve got options ranging from standard bikes, to sports bikes. From budget standard bikes, such as KTM Duke 200, to the budget sports bike, KTM RC 200, Before investing in a bike through research is a must, various factors must be taken into account such as fuel economy, handling, servicing cost, comfort and budget.

The best way to find out the best-suited bike for you is by taking a test ride of the bike. This is to ensure that you are comfortable with the throttle of the motorcycle as well as the handling of the bike. Always put your usage of the bike as the priority in deciding the type of bike best suited for you.   

Additionally Read: –

Different Types of Motorcycles That You Should Know Before Buying

What Are The Positive Points Of Bajaj Pulsar 150cc?

Bajaj Pulsar 150 cc is the most successful performance-oriented motorcycle from Bajaj. The style compensates nicely between commuting and sportiness. It also has a tried and tested engine, which is BSIV compliant, that adheres to a set of strictest emissions. Also, its 15 liters of fuel tank capacity is one to be the best in class. People see the look and feel of the bike when they shortlist the ones which they want to buy.

Bajaj Pulsar 150cc comes at the top of the list due to its design which proves to be super sharp. What most contributes to this being a handsome bike is its stylish bikini fairing with a windscreen and muscular fuel tank with edgy tank shrouds. The single cylindered power engine makes it one of the go-to-bikes for youngsters. When it comes to the area of being fuel efficient, bajaj 150 comes at a premium position as the mileage aspect has been covered efficiently when the bike was coming into existence.

The features of this bike completely hooks the customers into being magnetic force for them to buy the bike. To conclude, price makes it a quick buy for customers as it top against the competitors’ price.

Bajaj Finance also offers the opportunity to buy a bike on EMI, you can simply calculate your EMI with Bike Loan EMI Calculator

Detailed View:- Positive Points of Bajaj Pulsar 150cc

Major Advantages of buying a Bike on EMI

These days (Loan) EMI system is the best and fastest process of purchasing a dream bike. Due to some reasons, many people can’t afford a bike on a single payment, Two Wheeler loan is the best option for those persons. There are many Banks and NBFS companies offer a loan with lower interest rates.

Advantages of buying a bike on EMI –

  • Reduce the Burden on Your Budget – It reduces the burden on your budget. It the best process to take a loan and you can pay the pending amount in easy instalments.
  • Offers & Flexibility – There are many benefits of availing a 2 wheeler loan like instant loan approval, fast processing, flexible EMI system and also have online documentation process. This saves your time and money.
  • Fast Process – These days loan approval is the fastest and simple process, no need to waste your time and money. You can check your eligibility criteria and document verification process online. Also, know about documents required for Bike Loan.
  • Low-Interest rates – Banks and NBFC firms provide Two wheeler loans on the lowest interest rates. Rate of interest based on your income, price of 2 wheeler and market variations.
  • Best for CIBIL Score – CIBIL Score or credit score details summary of your previous loan credits. It is the best option to improve your credit score. Many loans like home loans, car loans require a good CIBIL score.