Why You Should Choose Muthoot Capital Two Wheeler Loan over a Regular Loan

by Black Bow Chauffeur Content Writer

The daily hassle of getting ruthless 'no' from rickshaw and taxi drivers can drive anyone crazy. But what if you have your own two-wheeler? For starters, you should not be at the mercy of public transport. A two-wheeler is used in many situations. Whether traveling to work or going to a shop early, a two-wheeler is a fast way of transportation. When you decide to buy a two wheeler, the most important fact is how to manage the finances. You may prefer a bike or scooter of a specific brand, but there is a possibility that you may be unable to purchase due to some financial shortcomings. Your next thought may be to take a two wheeler loan to reduce the financial burden.

Nowadays, you can take an online bike loan or a two wheeler loan in minutes. Technology has made the process digital and there is no need to queue lines in branches. Muthoot Capital is one step ahead and offers you approved loans at your fingertips. With the instant two wheeler loan app - Muthoot Capital', you can take a loan with just a few clicks. Why should one choose to take a two wheeler loan? A two wheeler loan comes with a lot of benefits, which can help you manage your finances effectively and not invest it all in a single big purchase.

Here are some advantages of availing a two wheeler loan from Muthoot Capital

1. Loan Tenure Flexibility:

Muthoot Capital gives you a flexible tenure. This gives you the opportunity to take a longer tenure and divide the EMI accordingly so as not to burden your monthly income. You can calculate your monthly EMI using our two wheeler loan EMI calculator and plan your finances accordingly.

2. Low maintenance:

By low maintenance we mean that the monthly repayment amount for a two-wheeler loan or a bike loan is less than other loans.

3. No prepayment charges:

For loans up to Rs. 20,000, Muthoot Capital does not charge you a prepayment fee if you want to pay the full amount before the end of your term.

4. Attractive Interest rates:

Muthoot Capital offers you an attractive interest rates starting at 0.99%

Here’s how you can avail a two wheeler loan through the Muthoot Capital online.

1. Go to the top navigation and click on apply now.

2. Once the application form opens, fill in your name, email address and phone number.

3. You will receive an OTP or One Time Password on your phone.

4. Fill out the OTP on the form. You will then be requested to choose your preferred brand, click continue. Choose the state you reside in and once again, click continue.

5. Now, choose your district.

6. On the next screen, use the slider to fill in the income details and the loan amount you require.

7. Now, choose gender and date of birth, while ticking on the box provided to accept Muthoot Capital Services Ltd.’s privacy policy.

8. You will receive an SMS with a reference number. Use this reference number to follow-up on your inquiry.

Features & Eligibility

1. Salaried or self-employed persons.

2. Age between 18 (at the time of application) and 65 (at the end of the loan tenure)

3. Minimum net income of Rs.96000/- p.a. for salaried profile / net profit of Rs. 1,20,000/- p.a. for self employed profile

Muthoot Capital two wheeler loan helps you in every step of the way to get home your dream bike or scooter.