Category Archives: Two Wheeler Loan

Two Wheeler loan for business and salaried professionals in Pune

Blog - Here is why Two-wheelers are better than Four-Wheelers

Here’s why Two-Wheelers are better than Four-Wheelers

Two Wheeler vs Four Wheeler! This battle between the two most preferred modes of personal commute has been a prolonged matter of debate up until now. While four-wheelers are more accommodative in terms of space and security, two-wheelers are upping the game currently, because of its element of thrill and agility. Sales in the two-wheeler market have seen a value-worthy spike in recent times. Going by the trend, it can be inferred that more and more buyers are purchasing two-wheelers due to its affordability and convenience.  Not only does it come easier on pocket as compared to cars, but also brings in perks of sustainable fuel technology and low maintenance costs. Moreover, two wheeler loans readily available in the market have increased buyers’ purchasing power, thereby extending to them a quick-fix to fight discomfort while traveling on roads.

Here are the 7 factors which determine the worth and credibility of a two-wheeler over a four-wheeler.

  1. Ride under the sky – The most thrilling experience of riding a bike is riding under the sky, feeling the gush of wind slash across your body, and watch what’s happening around through a helmet glass. It indeed is worth a lot more than driving from within a closed cabin.
  2. Save the toll taxes – What’s better than saving the money that you were ought to pay at the toll station had you owned a four-wheeler? You can enjoy a tax-free ride on your two-wheeler, and save every penny to pay off your bike loan.
  3. Enjoy perks of affordability – A bike shall always cost you less than a car. At a lesser amount of money you can get a great mileage and keep up with the maintenance costs from time to time. A car demands a lot more attention monetarily.
  4. Feel the thrill and beat the stress – How about bike riding on the mountain trails or gliding your way on the highway? The extraordinary scenic beauty can be felt to its fullest when you ride your two-wheeler; keeping up with the risk prevention measures and safety protocols of course. Carry your biking gears with you, feel the thrill and beat the day long stress!
  5. No parking hassles – Bikes take up smaller spaces for parking. Cars are bigger in size. So, parking a car is a big hassle, especially on busy days. But with a bike, you do not really need to worry about the parking while you are out. You can park it anywhere as far as it is compliant.
  6. Suits every road type – Scared of the potholes on the road? Or the narrow by-lines of the city? There’s nothing to be worried about as long as you’re gliding your way, cutting through the traffic and the potholes, on your bike. Cars are more prone to get stuck in traffic, and let aside the damages caused by potholes! They affect your bank balance exorbitantly.
  7. Value your time – Everyone hates traffic! But your two-wheeler hates it the most; precisely why it navigates your way even through the smallest of gaps and helps you save your valuable time.

So, if you’re willing to purchase a two-wheeler anytime soon, you know all the right reasons to invest in it!

TAB Capital, one of the fastest and most reliable online lenders, provides customer-friendly bike loans to salaried and self-employed persons, at an attractive rate of interest.

To know more about the eligibility criterion and other benefits associated with TAB Capital’s two-wheeler loan, click here.

comprehensive guide for choosing the right Two-Wheeler Loan

A comprehensive guide for choosing the right Two-Wheeler Loan

For many of us, two-wheelers are one of our most prized possessions; more so, because their contribution in our daily lives, has been immense. At the time of purchase, we may have bought a pair of wheels with a motor, but eventually, we’ve all come to realize that they’ve become an integral part of our day-to-day living. Such dependency and gratefulness towards two-wheelers has fuelled an emergence of the two-wheeler industry in India today. Moreover, two-wheeler loan with benefits of low interest rates, easy application, flexible repayment options and swift loan approval process have made the spectrum of external financing even more helpful for buyers. Although there are plenty of options available in the market, it is always suggested to acquire an in-depth knowledge of two-wheeler loans, before choosing the right one.

When we decide to go for a two-wheeler loan, a lot of questions tend to cross our minds. Am I eligible? Can I apply? What documents would I need? How much loan amount shall I receive? What is the EMI? And… the list goes on! It is very important to find answers to all these questions before sealing the deal.

Here is a list of questions you must consider if you’re looking for a two-wheeler loan anytime soon.

Are you getting the best interest rates?

No one wants to buy a product that levies a heavy financial burden on us in future. Make sure, you too do not make a hasty investment. If you have a good credit score, getting your two-wheeler loan would be easier. Nevertheless, you should always opt for a loan that gives you the best interest rates. It is advisable to conduct a thorough market research on which lender offers you the best rate of interest.

Know Why Your Two Wheeler Loan May Get Rejected

Are you missing out on additional offers?

Seasonal offers are extremely benefitting. They not only help you get attractive discounts during purchase, but also provide you with additional offers like free gifts, zero processing fees, free insurance and many more.

Are you over-borrowing?

Check your daily inflow and outflow of cash before you make any financial commitment. It is advisable to think long-terms and avoid being a financial crunch in future. Keep some money aside for contingencies too.  Look up your EMIs on an EMI calculator and assess the exact amount of money that you need for the bike. Borrow wisely! Over-borrowing may cause a financial stress in the long run.

Do you have a repayment plan?

Do not stretch a loan for a long time. Assess your financial situation and opt for a repayment tenure that suits you the best. It is important to choose a plan that extends to you flexible EMIs and long repayment tenures.

TAB Capital is the right choice for a two-wheeler loan if you haven’t made a choice yet. Get up to 100% of the maximum two-wheeler loan amount, and enjoy other benefits of attractive interest rates, swift online application, zero pre-payment penalty, no hidden charges and superfast loan disbursal!

Apply for a two-wheeler loan with TAB Capital NOW!

top 10 Non Geared Bikes in India

Top 10 Non-Geared Bikes To Look Out For In 2018

Ever since the launch of Honda Activa in 2001, there has been an emerging trend of automatic scooters in India. Commuters, who are unwilling to delve into some serious ‘gearing up’ while on road, often prefer non-geared bikes over the geared ones. Today, all prospective scooter buyers are spoilt for choice as almost all leading brands of two-wheeler manufacturers are coming up with newer models of scooters in light speed. As per the financial reports in 2017, sales of scooters have crossed a threshold of 5.6 million, and in all probabilities, automatic scooters are here to stay. Moreover, Two Wheeler Loans readily available in the market today have provided an aid to quick finances for prospective scooter buyers. Check out the top 10 non-geared bikes trending in India.

Here’s a look at the top 10 non-geared bikes/scooters of 2018 which you can buy in India.

1. Honda Grazia

Launched the last year, Honda Grazia is a 125 cc, all-new designed scooter introduced to India by a Japanese company. With a maximum power of 8.52 bhp at 6,500 rpm and 10.54 Nm of torque at 5,000 rpm, this scooter tops the list in terms of appearance and innovation and is currently priced at Rs 59,043. It has a long list of features among which some include LED headlamps, digital instrument console, combi-braking system and much more.

2. Honda Activa

The largest selling two-wheeler in current times, the Honda Activa has three models – Activa 4G, Activa i, and Activa 125.  While the first two models are equipped with a 109 cc engine, making 8 bhp and 9 Nm, the last one gets a 124.9 cc motor, deliberating 8.52 bhp and 10.54 Nm. The prices of Honda Activa vary between Rs 47,000 and Rs 60,000, depending on the list of its features and design.

3.  TVS NTorq 125

TVS NTorq is a 125 cc automatic scooter launched by TVS, with an edgy and angular design. It is said to be one of the most feature packed scooters running on Indian roads today. Some primary features include a smart connect system, LED daytime running lamps, front disc brake, 22 liters of fuel storage, USB port and so on. Priced at Rs 58,687, NTorq deliberates a maximum power of 9.3 bhp at 7500 rpm and 10.5 Nm of peak torque at 5500 rpm.

4. Suzuki Burgman Street

The first ever 125 cc maxi-scooter launched in India, Suzuki Burgman Street is a blend of uniqueness and an out-of-the-box design. Its engine pumps out 8.58 bhp at 7,000 rpm along with 10.2 Nm at 5,000 rpm. Currently priced at Rs 68,000, Suzuki Burgman Street is feature-rich with a couple of up-front cubicles along with a 12V socket, an optional USB charger, LED headlamp, and so on.

5. TVS Jupiter

Loaded with power-packed features such as external fuel-filler cap, telescopic suspension, optional disc brakes, pass switch and much more, TVS Jupiter gives a claimed fuel efficiency of 62 kmpl. The 12 inch wheels at front and rear offer a smooth ride quality. The 109 cc motor deliberates at 8 bhp and 8 Nm, and has an ex-showroom price of Rs 49,666.

6. Hero Maestro Edge

Hero MotorCorp’s Maestro Edge is powered by a 1109 cc engine which pumps out 8 bhp and 8.7 Nm of torque. The bike’s front rear wheels are widened up to 12 inches, whereas the ones behind are of 10 inches. This no-geared bike has a host of features like LED tail lamp, telescopic suspension up front and a BS IV compliant engine with AHO; and the single variant of Maestro Edge is priced at Rs 50,480.

7. Suzuki Access

Over 2.65 lakhs of Suzuki Access have been sold in FY2017. With a BS IV compliant engine and AHO, this 124 cc of engine churns out 8.6 bhp and 10.2 Nm. It is also packed with a list of features such as disc brakes, telescopic suspension, etc. Currently, the drum-brake variant of Suzuki Access is available at a price of Rs 54,302, while the disc brake variant, available for Rs 57,615.

8. Yamaha Fascino

The Fascino is packed with a 113 cc engine that gets 7 bhp and 8.1 Nm, and gives a fuel efficiency of 66 kmpl. Although it does not have a disc brake variant, it gets a telescopic suspension up front. The single variant of Yamaha Fascino is priced at Rs 54,330.

9. TVS Scooty Zest

TVS Scooty Zest is well-suited for female riders, and is often known for its style, agility and lightweight body. It also gives a fuel efficiency of 62 kmpl and has the same engine composition as that of Jupiter. The standard variant of the bike is priced at Rs 46,538, and the matte version is priced at Rs 48,038.

10. TVS Scooty Pep Plus

Introduced in 2003, TVS Scooty Pep is designed to set newer benchmarks of comfort and convenience. The upgraded version, Scooty Pep Plus, is built on extensive customer feedback. The single variant, available in 6 colors, has a 80 cc engine, fuel efficiency of 68 kmpl and churns out 5 bhp. Currently, the TVS Scooty Pep Plus is priced at Rs 39,995.

Now that you’re well-informed about the top choices of non-geared bikes this season, buckle up to bring your ride home at the earliest. Worried about the finances? Apply for a two-wheeler loan with TAB Capital, and get your loan approved in just 10 minutes! To know more, visit here.

Image Courtesy: ZigWheels, CarandBike

10 most common questions asked when taking a Two Wheeler Loan

10 Most Common Questions Asked When Taking a Two Wheeler Loan

If you’re done with relying on the untimely availability of public commutes and paying surge charges for cabs, it’s a sign that you’ve started thinking about getting yourself a brand new two-wheeler; a bike that would help you glide your way through the traffic, and save a lot of your time. Two-wheeler loans, readily available in the market today, can spare you all the hustle and make your daily ride to work more comfortable. However, it is very important to make the right choice from among the various two-wheeler finance options available in the market. Check out some two wheeler loan questions you should ask while taking it.

Here are 10 questions that you must ask yourself and the lender before you seal the deal.

1] How much is the down payment?

If you go for a two-wheeler loan, you must first analyse how much is the margin money and how much amount is to be financed by the lender. Usually, the extent of a two-wheeler loan varies between 80-90% of the total amount. But with TAB Capital, you can avail a two-wheeler loan of up to maximum amount depending upon your eligibility.

2] What is the loan application process?

Usually, a loan application process in the traditional lending system could eat up a lot of your time, running errands to the bank. But TAB Capital makes your loan application process swift and seamless, done completely online.

3] Can I afford the EMI?

Analyse the EMI cap wisely, so that the monthly repayments do not pose a financial burden on you. Some lenders offer long loan repayment tenures, which in most cases turn out to be beneficial for borrowers. TAB Capital offers attractive interest rates and long repayment tenure of up to 3 years on two-wheeler loans.

4] When is the EMI date?

Once the EMI date is fixed, you might not be able to change it. So, fix up on a date where you can pay off the monthly amount without any EMI bounces.

5] Are there any hidden charges?

Apart from the interest, you may also need to pay a processing fee or an administrative fee on the two-wheeler loan, which is either fixed or a certain percentage of the loan amount. Sometimes, you may also have to bear charges of the loan application, valuation fees, stamp duty and lawyer fees. But online lender, such as TAB Capital do not impose any hidden charges on bike loans.

6] How is the interest rate calculated?

It is advisable to compare the EMI of various financers who offer you a similar amount and repayment tenure. Sometimes, even when the interest rates are the same, in actuals, different ways of computation lead to an EMI reduction. So, conduct a due diligence before settling with a lender. You may also look up the EMI to be borne by you with the help of online EMI calculators.

7] What supporting documents do I need?

You must keep all the important documents ready before you reach out to the lender. Make sure your KYC documents, bank statements, income proof certificates, and other supporting documents which testify your present financial freedom, ready at hand.

8] Is there any collateral required?

Some lenders would ask for a security against which would they loan out the money to you. However, online lenders such as TAB Capital provide two-wheeler loans without any collateral.

9] Is there any prepayment penalty?

You might want to pay up the remaining loan at one go after you are rewarded with a sale of shares or just a bonus! However, some lending institutions levy a pre-payment penalty of 0.25-2% depending on the nature of your loan. Thankfully, TAB Capital do not impose any prepayment penalty on you.

10] When will my two-wheeler loan be approved?

Loan approvals can be a time consuming and cumbersome process if you opt for a two-wheeler loan through the traditional lending system. Nevertheless, TAB Capital can approve your two-wheeler loan in minimum amount of time.
Apply for your two-wheeler loan with TAB Capital and get set vroom!

Things to consider before buying a bike

All that you need to know before buying a Bike

Bikes are a relief especially when you are hustling to reach somewhere, cutting through excessive traffic on Indian roads. Not only can you curb your costs while commuting in public transport, but also find quicker solutions to being ‘stuck in traffic’. However, there comes a lot of responsibility when you bring your dream bike home. Riding necessitates sharp riding skills, blended with a sense of control, quick reflexes and ability to handle dangerous circumstances. With the two-wheeler bandwagon flooding Indian markets, it becomes extremely crucial for you to understand what type of bike shall serve your purpose, what are its key features and what are the bike finance options available in the market today. In this comprehensive guide, we shall help you choose a bike that is the best-suited for you.

Standard Bikes, Mopeds and Scooters

If you are looking for a bike that would help you run your daily errands, standard bikes and scooters are what you should go for. These bikes are stacked with features that help you ride comfortably. For instance, an upright seating structure, moderate engine sizes, user-friendly and functional design, and proper placement of handle bars and foot pegs. Standard bikes, mopeds and scooters are an ideal choice especially for beginners, and generally do not pose a threat while you’re still in a learning process.

Key Features

Let us now look at some of the primary features of these standard bikes, mopeds and scooters that you must take into consideration before purchasing your set of wheels.

Engine Size – Engines are measured in cubic centimeters. It is the volume inside the engine where air and fuel is combined to power a bike. It is advisable to go for a bike with higher number of CCs because it has a bigger engine with more power and faster speeds.

Mileage – Good mileage is economical, and one of the highest priority of a regular bike-rider. On an average, standard bikes provide 35kmpl to 40kmpl mileage.

Height of Seat – Your feet must touch the ground while you stop riding the bike. If that doesn’t happen, the height is too tall for you.

Weight of Bike – Make sure the bike’s weight does not become too heavy for you. The heavier it is, the more uncomfortable it becomes for you to ride it.

New vs. Used – If you think buying a used bike could save you some money; always remember that you might have to spend lump sums in its repair and other additional maintenance. If you can afford a new bike, you must always go for a new one. Bike loans have become readily available these days. However, it is advisable to study the available options in the money lending sector, so as to make the right decision before opting for a two-wheeler loan.

Other important things to remember before purchasing your Bike

Research – Do your own research to understand the different process offered by dealers in the market. You must not accept anything at face value, and always ask for a proper price breakup which includes RTO expenses, insurance, etc.

Insurance – Indian roads have witnessed some of the deadliest accidents. To make sure, you have a safe ride while commuting, buying insurance is a must! Insurance can save you and your property from unforeseen circumstances while riding. It helps you evade the financial impacts of damage caused to the third parties.

Proper Documentation – If you are a responsible rider, you must always have all the proper documents in place. Get a two-wheeler driving license mandatorily. Carry the other important documents such as RC, PUC and Insurance certificate while you are riding your bike.

Proper Safety Gear – Get a set of riding gear for yourself – a helmet for sure, and a jacket and a pair of gloves if necessary.

Learning road rules – It is very important to learn the rules of road, hand signals and their importance while riding a two-wheeler. You must always comply with the traffic rules.

Financing your Bike

Now, if you are willing to buy a new bike, and do not have sufficient finances for it, let us tell you that achieving that dream is still possible.

Tab Capital Limited offers you easy and affordable two-wheeler loans that are extremely convenient and customer-friendly. Bike loans disbursed by Tab Capital are super fast and grants up to 100% of the on-road price. The entire process done completely online, with facilities like minimum documentation, on-spot transaction, zero prepayment charges and no hidden costs, ensures that you walk out of the showroom with your dream bike in just 10 minutes! So, now that you are well adept with the bike-buying fundamentals, you may as well click here and apply for a bike loan without further ado!

Two Wheeler loan Rejected

Know Why Your Two Wheeler Loan May Get Rejected

You have applied for a two-wheeler loan at a financial institution recently, but unfortunately, your loan has been rejected! Unexpected events as these come up quite often while dealing with monetary matters. So, you must get to the root of the issue, and understand the reason of your loan rejection. Applying somewhere else hurriedly could also be a wrong decision. Since, you got a chance to rectify your errors and apply for a loan application afresh; you should check and update your credit record thoroughly before approaching another lender. Financial institutions provide you with loans based on certain relevant facets, such as your age, income, job stability, and credit worthiness to repay the loan amount. In case there is a discrepancy noted in either of these significant areas, there are high possibilities of your loan to get rejected. Let us look at some of the primary reasons which can affect your CIBIL record, and maybe the reason why your two wheeler loan was rejected.

Main reasons why your two-wheeler loan is not approved:

  • Your residential address has made it to the defaulter list

Most banks and lenders maintain a database of defaulter list, which keeps a detailed record of the defaulters’ addresses. It might be the case that someone living in the same address before you has missed a loan repayment, and has therefore been reported to CIBIL. The reason of your loan rejection in this case might be an overlap of the same residential address.

  • Bad Credit Record

You have slipped up on a lot of credit card dues, and have hence accumulated a lot of pending loan payment. This makes your credit history blacklisted. Most financial institutions consider poor credit records as the most legit reason to reject a loan in a jiffy!

  • Burden of too many loans

Sometimes, too many loans cause a severe stress on your daily income. In such a scenario, your real income is considered as the amount that remains after subtracting your ongoing credit repayments from your total income. This could indicate your disability to repay the new loan amount, thereby leading to a loan rejection.

  • You do not have a great luck being a Loan guarantor

As a loan guarantor, you are held responsible when the applicant who you have vouched for does not pay up a loan amount.  In situations like these, you are compelled to repay the loan on their behalf. If you are unable to do so, the bitter repercussions reflect in your credit report.

  • Your co-applicant has a bad credit history

Sometimes, you end up being in a fix due to someone else’s mess. Such is the scenario in the money-lending business as well.  You may have been eligible to borrow money as per the norms, but, if your co-applicant has a bad credit history, it is quite likely for your loan to be rejected as well.

  • You are a compulsive job-switcher

If you do not have job stability, you are not guaranteeing your true worth of repaying a loan to the money lender. Most banks and NBFCs would only entrust people, who have stable jobs, with a lump sum amount of money.

  • Your loan application has been rejected before

Make sure you have rectified your previous mistakes before applying for a two-wheeler loan again! Repeating the same mistakes would lead to the same disappointment every time.

Having said that, let us now walk you through these important pointers which can help you plan your steps before applying for a two-wheeler loan:

  • Calculate your net worth, and loan repayment ability.
  • Get a credit report from CIBIL, and go through it thoroughly.
  • In case there are any defaulters indicated in your CIBIL record, update the information by submitting a proof to CIBIL.
  • Keep backup funds in case any unexpected situation comes up.
  • Make the maximum down payment so that you can repay the EMIs without a financial pressure.

TAB Capital, one of the fastest and most reliable online money lenders, provides customer-friendly two wheeler loans to salaried and self-employed persons, at an attractive rate of interest. You can now borrow a two-wheeler loan, which is maximum of the on-road price and choose to repay the amount conveniently within a range of 5 years.  To know more about the eligibility criterion and other benefits associated with TAB Capital’s two-wheeler loan, Click here.

Two wheeler loan Pune - TAB Capital

Apply online for a Two Wheeler loan and enjoy these 7 benefits!

Commuting on the busy streets of this country is a tedious task to accomplish – every single day. Be it reaching your workplace on time, or returning home at peak office hours, you are exhausted with the never-ending to and fro while on roads. Sidewalks congested with shops and pedestrians, cramped buses and rickshaws, and cab surcharges shooting up in no time, has got you angry and frustrated most times. Nevertheless, there’s nothing much that you could’ve done at that point of time. Even when you saw a bike whoosh across the road and envied the owner’s pride and comfort, you couldn’t imagine foreseeing a day where you too could travel comfortably – all by yourself, given the current state of your finances.

Well! If you are convinced by your incapability to afford a sturdy bike for your own comfort, let us reaffirm, you are NOT incapable anymore. With TAB Capital’s online digital lending platform, you can get a Two Wheeler Loan approval in minutes and evade the rigorous stint on Indian roads every day.

Two-Wheeler loans are extremely affordable and reap many benefits. Let us walk you through some of them.

  1. Lower Financial Burden – Two-wheeler loans give you the flexibility to break down your loan repayment in monthly installments that go easy on your pocket, over a longer period of time. Keep yourself stress-free, and plan your financials comfortably. You can choose to repay your two-wheeler loan from within a range of 12 to 60 months.
  2. Convenience – Two-wheelers can be maintained as per your convenience. Costs incurred are less, other than the petrol charges. Most bikes or scooters come with a decent mileage, so that too does not make you spend sky high limits on maintenance.
  3. Margin of Finance – TAB Capital offers up to 100% of a two-wheeler’s on-road price. Yes! You read it right!
  4. Credit Score – Two-wheeler loans are easy to repay in less time. So, if you want to score a higher rank in your credit report, you may opt for a two-wheeler loan and keep your credit records clean for future needs.
  5. No prepayment charges – If you wish to pay back your loans early, you shall not be charged due to prepayment or foreclosure of your loan.
  6. Affordable – With long repayment tenure and flexible monthly installments, affording a two-wheeler loan is within every individual’s scope today.
  7. Resale Value – Two-wheelers have a great resale value as compared to cars, even after a notable amount of time, So, it is up to your will, and entirely possible, to plan the purchase a brand-new vehicle just after repaying your initial loans.

The onus is on TAB Capital to make sure that you own your dream bike in minutes and lead way to newer avenues of success. So, keep aside all your worries, and apply online for TAB Capital’s Two Wheeler Loan without further ado.

It’s about time you chose comfort over your compromises!