Manufacturers are constantly in a race to provide their customers with the most efficient bikes for a much affordable deal.
Bajaj, a leading bike manufacturer in India, is a participant in this race that continues to upgrade its bikes and provide you with amazing efficiency and performance levels. The Bajaj Platina 110 has returned to the market after receiving much-needed upgrades and is ready to rule the roads again.
The Platina 110 has received numerous upgrades including a bigger front disc brake, extra apparatus for more efficiency, and gear shift guide. While the bike does cost a bit more than before, it is now capable of delivering much better performance and safety levels.
With so many options to go for, finding the perfect bike isn’t the easiest task anymore. While one bike seems to offer amazing power, the other is equipped to offer incredible mileage. However, this article is the perfect solution to cutting down that huge list of options and finding the best bikes available out there right now.
You may go for amazing performance bikes like Yamaha YZF R15 V3, Bajaj Pulsar, Bajaj Pulsar NS 200, KTM Duke 200, and Yamaha FZ S V3. These are some of the top-performance bikes currently available in India.
You can also go for more economical options like the Honda CB Shine and Saint Splendor Plus. These bikes are known for their budget-friendly price and incredible fuel-efficiency levels.
There are also some bikes where you have the choice to go for a sporty or an economical bike like the TVS Apache RTR 160 and the TVS Apache RTR 160 4V.
It is you who should decide which one of these bikes suits your need and budget the best. After all, you’re the one investing.
While the demand for bikes is constantly increasing, getting your hands on one of them for yourself isn’t really the easiest task. The most sensible option to go for is getting a bike loan to finance your purchase, while you pay the EMIs over time. However, finding the perfect bike loan isn’t as easy as finding a good bike.
While applying for a bike loan isn’t much difficult, the important parts are the details. You need to research and find a loan that offers the best EMI options to prevent yourself from being overloaded with expenses in the long run.
You also need to set limits. You cannot be breaking all the boundaries for the sole goal of getting your dream bike. You should use a bike EMI calculator to know the amount you would be paying each month. Doing this will help you decide if the load is too much and you need to decrease the amount per EMI and rather increase the number of EMIs.
Before you finalize a loan, go through the various offers that often come along. These might be presents, discount on charges, time-limited offers, etc. You need to be aware of when can you get the best deal on a bike loan.
Finally, you’ve got to pay back as well. So, don’t forget to plan that out. Find a bank that offers adaptable EMI options and look for ways to ease your load as soon as you can. Just keeping these things in mind before applying for a bike loan can help you a lot and save you from facing a lot of trouble in the future.
The ever-increasing pollution levels are a problem for the whole world. We need to switch to more economical solutions for all our needs if we wish to bring a change. To contribute towards the same, numerous bike manufacturers are designing electric scooters and trying to provide replacements for fuel-consuming vehicles.
Electric scooters are eco-friendly and don’t harm the environment like fuel-powered vehicles. These scooters are excellent for short journeys and can help you beat the traffic smoothly. While people think that these advantages come with a heavy price tag, they are mistaken as these scooters are quite budget-friendly.
Bajaj Chetak, TVS Creon, Blacksmith B3, Ather Energy Scooter, and Mahindra Gusto Electric are some amazing upcoming electric scooters that you can go for. All of these bikes are equipped with quite powerful engines that offer much more power than you’d expect them to.
It’s time you get one of these amazing pieces of machines for yourself too!
For most buyers, riding or purchasing a dream bike requires months, or in some cases, years of savings. These buyers may comprise of students, adults, and professionals who have to cut their expenses to save enough to buy a motorbike they are interested in.
For such buyers, Two wheeler loan is a great option to not just own a bike but also have the payments made in easy monthly instalments. This gives added flexibility when purchasing a dream bike, and relieves the stress of spending a large amount in one go.
If you are considering to go down this path, this article will help you understand the nuances of a Bike EMI, so you can drive home your dream bike without making a blunder.
What Is A Two Wheeler Loan?
A two-wheeler loan gives the buyer the benefit of availing easy monthly instalment (EMI) payment options with an additional interest rate to buy a two-wheeler that the buyer wants. This enables the buyer to pay the cost in smaller monthly payments rather than shelling out the entire amount in one go.
This facility can be availed through a motorbike dealership, bank, or a third-party institution.
How Much Do You Calculate Your Bike’s EMI?
The amount paid by the buyer after opting for a two-wheeler loan is determined by several factors. These factors include bike amount, EMI period, and the interest rate at which the loan is offered.
Before you opt for a two-wheeler loan, here are a few factors you should consider:
Know the interest rate:To calculate your monthly payment, it is optimal to know the interest rate and price of the bike you are looking to purchase. Since there are many options in the market, buyers can pick and choose and take the next step.
Calculate EMI using loan calculator: Calculate the amount you may need to repay online based on tenure, total amount and interest rate applicable. You can use the Bike EMI Calculator to understand it.
Loan duration: While it is enticing to go for a shorter loan tenure, it is smart to decide how much the impact of the EMI will be on your finances and choose the right option. Understand the tenures available for your bike and make the smart decision.
Fees and charges: With most loans, in addition to the principal amount and interest rate, there are other fees that the buyer has to pay upfront. Making sure to know this in advance will save you from last-minute hiccups!
What Determines Your Eligibility?
To make sure you are eligible for the loan, make sure to check the eligibility criteria. This will depend a lot on your credit score as that will determine your financial background. After you submit your application, the bank or the lender will consider your eligibility based on factors like:
Age: The minimum age for acquiring a loan is 21 years, but it could be relaxed to 18 years if other factors play out in your favour. Financiers are normally hesitant to give loans to young people as there is minimal credit history.
Employment: It is perhaps the most important factor to decide your eligibility for loan application. Having a stable job at the same company for a long duration works as a bonus. Freelancers and self-employed adults have a low ranking, but that can be discarded if the buyer can showcase excellent financial health using financial statements
Income: It is another crucial factor to determine eligibility for the loan. Income determines if you will have enough money to repay your monthly instalments. If you are opting for a bike that is way outside your income bracket, the likelihood of getting a loan is low.
The application will generally ask for more documents like:
Passport Size Photos
ID Proof: Government-approved ID proof like Voter ID card, driving license and Aadhar Card
Address proof: Documents like a utility bill, rent agreement, or Aadhar card
Employment proof: Although optional, some lenders may ask to see salary slips or letter from the employer to testify that you have been associated with the company.
How Do You Choose The Best Finance Options?
As a buyer, there are innumerable two-wheeler loans and EMI options available in the market today. While this makes it easy to own a bike, the buyer should make sure to do a thorough background check and opt for an option that best suits his/her requirements.
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.
A person buying bikes for an average user doesn’t need all the fancy characteristics that the high range bikes of this era have to offer. Instead, he needs a bike whose expenses he can manage or he needs bikes with less maintain cost. So, ideally, his bike should be affordable, low maintenance and should have high mileage.
Considering all factors like Price, Mileage, less maintain cost here is the list of bikes for daily use: –
Bearing all such factors in mind, the above list has been formulated. It has bikes from all ranges, cheap to expensive. The essential characteristic of all these bikes is that they can be driven anywhere and they wouldn’t require high maintenance. Choose the one you like and buy it easily with a Two wheeler loan.
Through the Avenger range, Bajaj auto is trying to shake up the way we look at the Indian cruiser market. Generally, we find it hard to believe that you can get a quality cruiser for, under a lakh, however Bajaj auto is proving all its critics wrong.
It’s low slung cruiser look paired with a killer ex-showroom price makes it an incredibly sweet deal to own. The Avenger series, in fact, comes with two bikes, the Bajaj Avenger Street 150 cc as well as its more premium Cruise version. Since this Engine was made for urban use mainly, the low and mid-range output of the Engine is highly optimised. Some best features are listed below: –
Mind-Boggling Price and Value for Money
Attractive Visuals
Comfortable bike
Best Engine Performance
Smooth and elegant tuned transmission
Best Mileage
This means that you can use it for your daily commute, gliding through that daily traffic on the way to work.
The bike is definitely not perfect. But its great value for money when coupled with low bike loan interest rates. Apply for Two Wheeler Loan and get your dream 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 aTwo 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.
For long periods, Indian bike makers have shied away from making a custom 5-speed gearbox. The reason for this was that manufacturers felt that customers would not be willing to pay extra for the additional features that were provided. However, one thing that was probably not considered was that customers are also looking for bikes that can offer them more excellent mileage without compromising the power output by the bike. That is why Bajaj Bikes has done a great job of identifying what the daily commuter wants and needs.
Through the Bajaj Platina 110 H Gear, customers now have access to a stylish bike that can accompany them through their daily bumper to bumper traffic of Indian roads. The additional padding of the bike makes long hours on the road better to bear, and other features such as Bajaj’s patented braking system adds more comfort to the ride. The key selling point of the Platina H Gear will continue to be its ergonomics, 5-speed gearbox as well as the combined braking system.
It is great to see that there are manufacturers out there who are listening to the needs of the customers and providing us with what we ask for.
To buy Bajaj Platina you can apply for Two Wheeler Loan at the lowest interest rates.
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