What Is Down payment?

Down payment of the money is the upfront payment the person availing loan needs to pay to purchase the bike. Down payment requires you to pay some cash to purchase the vehicle while the lender covers 80 to 90% of the loan.

At the same time, lenders offer zero down payment bike loans where the two-wheeler will be completely financed by the lender without having to pay any down payment. This is a boon when you don’t have sufficient cash liquidity to pay in advance for the vehicle. Additionally, you get the freedom of choosing your favourite bike without having to worry about arranging a lump sum.

Factors Affecting Two-Wheeler Down Payment

• Cost of the Bike
• Your Repayment Capacity
• Credit Scores

Check your approximate monthly instalments using the Bike loan EMI calculator to determine if you will be comfortable paying off the loan amount without incurring any financial burden

You can apply for the two-wheeler loan is the lenders’ online app in four easy steps:

1. Fill in the online application
2. Upload required documents to confirm eligibility
3. Once the documents are digitally verified, the lender will contact you to complete the terms and conditions.
4. Once the process is done, the loan will be sanctioned, and the funds will be disbursed.

We provide two-wheeler loans with zero down payment, allowing you to purchase your bike without worrying about arranging a cash lump sum. Once your loan is authorised, the lender will calculate your EMI depending on the interest rate and loan period. We offer the lowest bike loan interest rates, between 8% and 28% per annum.

Must Read: Benefits of Using an EMI Calculator Beforehand for a Bike Loan