Obtain the most lucrative rates on Bike Finance

Bike finance has become an easy and convenient form of financing a new bike. With a range of options available to choose from, deciding the bike you want to purchase has become a tough decision. Apart from the same, it is also tricky to choose the bike that not only suits your requirements but also fits your budget. It is not possible to spend all your savings on the purchase of a new bike. Now, you need not worry about financing the bike and you also do not need to compromise on the options available for you.

It is possible to purchase the bike of your choice that can fit your budget and also provide you a unique experience. With the help of Banks and Non Banking Financial Insititutions, it is now possible to purchase a new bike with ease. Financiers have a quick and hassle free process that ensures you own your bike within 48 hours. It comes with a loan that has a long tenure and a competitive rate of interest. Bike finance interest rates are low and competitive. It is possible to find a loan that offers you a low rate of interest and has a long tenure at the same time.

Many Banks offer up to 90% loan on the price of the bike, which means you only need to spend the balance 10% as a down payment. Two wheeler loans also cover the cost of insurance, registration and accessories. The only requirement for the loan is the age of the applicant which should be above 18 years and he should own a driving license. Over time, the basic criteria for a minimum income has also gone down, which has made a two wheeler loan very easy and convenient for every section of the society.

Bike finance interest rates vary from 13% to 27%, depending on the Bank or Financial Institution you seek a loan from. Most interest rates are floating and depend on the applicant as well as the amount of loan applied for the bike. With the availability of a big loan, it has become possible for an individual to purchase a high end premium bike without worrying about the cost of the same. The loan comes with a long tenure and a low rate of interest which makes it possible to repay the same with ease.

Before approaching a financier, it is advisable to scout the market and learn about the prevailing rates of interest. In addition to the interest rate, it is also important to learn about the terms and conditions that are attached to a loan. Check whether the interest rates are fixed or floating and ask for a scheme or discount for your application. Holding a positive credit history helps process the loan with ease and also enables you to avail special discount on the same. Using an EMI calculator, you can easily learn about the monthly installment at the prevailing interest rate and the tenure of your loan.