Muthoot Capital - Two Wheeler Loan & Used Car Loan

Question : Which is better to buy the bike: EMI paid from credit card or two wheeler loan? Answer: In the purchase of a two-wheeler, the primary question in every individual’s mind is to opt for a two-wheeler loan or buy with cash. Generally, people see loans as a form of liability, and with a period of time, you may pay more than the actual price of the bike in the market. It is a loss-making proportion. You always see a financial loan as a natural choice, and you also worry about the waiting period. There is the hassle of documentation, timely payment, EMIs, fear of losing a two-wheeler in case of default in your mind. Loans come with extended repayment tenure while using cash will settle the entire cost matter at once—there are many benefits in availing a loan for purchasing a two-wheeler which many people fail to realise. Bike loans are more comfortable to avail and repay. There are a few essential reasons to opt for a loan to buy a bike and avoid using cash. They are, Power to pur...

Question:  What should you keep in mind while taking a two-wheeler loan? Answer 1: Now that you have decided to obtain a two wheeler loan, here are specific pointers to guide you before signing up with any bank. 1. Get the best interest rates Compare the interest rates and overall costs through thorough research before signing up with any lender. Your income, credit score, assets, and liabilities play crucial roles in determining your eligibility for two-wheeler loans. However, specific financial platforms such as Muthoot Capital provide loans for income, no income base, and asset proof base. 2. Avoid Over borrowing Calculate the EMI that you can afford and adhere to it. Over borrowing shoots up the monthly EMIs, thus thwarting your monthly budget plans. 3. Devise your repayment plan Workout your repayment plan and adhere to it. Choose   2 wheeler finance  that offer Low down payment and EMI schemes harmonizing with customer’s financial requirements. 4. Choose ...