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!