Muthoot Capital - Two Wheeler Loan & Used Car Loan

Two-wheelers keep advancing the country.  They have a lot of love and need from big cities to small villages.  Two-wheelers have become affordable to cater to the public.  Additionally, a two wheeler loan by banks and NBFCs has made these vehicles highly accessible. If you want the thrill of riding a bike and want to buy one, you can do so with 100% financing called Zero Down Payment to  best bike loan  .  Here's what you need to know about it: How does a two-wheeler loan generally work? Before understanding what a zero down payment loan is, let us understand how a vehicle loan generally works.  In most cases, if a person wants to take a loan to buy a two-wheeler, he has to pay up to 5% -20% as a down payment.  Financial institutions offering loans then provide balance.  In this way, anyone who wants to take advantage of the loan needs some cash to be able to buy a two-wheeler. What is a zero down payment two wheeler loan? This loan is differ...

Two-wheelers are the most comfortable and convenient mode of transport. Many lenders are available in the market to provide you with a two-wheeler loan at attractive interest rates. Before you apply for the loan, it is essential to know the interest rate charged upon it. The two-wheeler loan interest rate varies from lender to lender. Typically it ranges between 12% to 18%. You can calculate it using a two wheeler loan interest rate . Two-Wheelers Loan Interest Rate The interest rates on two-wheeler loans vary from lender to lender. If you use collateral for availing a two-wheeler loan, then the interest rate will be quite less than the unsecured two-wheeler loan where no collateral is required. How to calculate interest rates on a two-wheeler loan? Some of the essential factors on which the interest rate depends are - - The applicant's income: Your income determines the interest rate charged on your two-wheeler loan. As your monthly income shows your credibility for repayments an...

  Most youngsters in India aspire to own a two-wheeler, solely because of the several functional advantages it offers. The best option is to finance the dream bike or scooter by applying for a two-wheeler loan. Not everyone has enough funds to purchase a two-wheeler instantly. So, a two-wheeler loan aids you in buying a superbike of your choice without any hassle. You can get a two-wheeler loan up to 95% of the vehicle’s on-road value with easy loan approval and flexible EMI options. Before settling for a loan, you must do your research and find out about the interest rates that some of the best lenders offer in the market. The  two wheeler loan interest rate  on these loans range from 7.85% per annum to 20.9% per annum. Here’s a detailed list of 5 tips to get a two-wheeler loan at a low-interest rate- Income:  The income level varies across lenders. Every lender has a certain level of expectations regarding the borrower’s monthly income. If you are earning a lot, th...

  A two-wheeler (mostly bike or scooter) is one of the first choices of people in rural as well as urban areas for a quick commute. Buying a new two wheeler is much easier now as you can easily avail a loan to pay for it. A bike loan can be availed through a lender or bank online in a few steps. However, before applying for the loan, you need to know the amount you have to repay to the lender. A quick way to calculate the amount is to use a two-wheeler loan calculator. This guide will help you understand the factors that affect the two wheeler loan interest rate and the way to calculate the EMI. Factors affecting two-wheeler interest rate: Interest rate affects the EMI that you have to repay to your lender every month until the loan maturity. Many factors affect the two-wheeler interest rate. Some major factors affecting your interest rate are listed below. 1. Credit score: This directly affects the interest rate of the loan. A better credit score shows your credibility and abili...

  Two-wheelers are the most preferred mode of transportation in India. More than 17 million two-wheelers were sold in FY2019-20. However, it may not be possible for a large proportion of buyers to pay a lumpsum amount and purchase their dream two-wheeler. Therefore, it’s best to buy one by applying for a two-wheeler loan. It is not only convenient but also the best option in case you don’t have enough funds to pay the full amount in cash. Important features of two-wheeler loan There are a plethora of benefits that a two-wheeler loan provides. Some of the benefits are-: Quick and Hassle-free Process –  One of the biggest advantages of a two-wheeler loan is that it’s very quick. Unlike other loans, the process of getting a two-wheeler loan is not at all cumbersome and can be easily sanctioned in a few days. The process is also convenient as you can pay some little amount easily every month. Trusted companies like Muthoot Capital Services promise to approve and disburse the loan ...

A two-wheeler has a significant role to play in all our lives. It lets us travel anywhere at any time independently. Whether it involves running errands or dropping off kids at school, a two-wheeler always comes in handy. Now by availing a two wheeler loan, you can easily purchase your dream bike or scooter without having to worry about bulk payments.   2 wheeler loan provided by trusted company like Muthoot Capital Services ltd   lets you finance even up to 100 per cent of the total value of your bike with nominal to no down payments. There has been significant growth in the two-wheeler finance market with a total recorded disbursal of Rs.256 billion in the fiscal year of 2018 and is expected to elevate even further in the upcoming years. This is a clear remark of customer satisfaction. Let us look at some ways which can help you to pay-off your two-wheeler loan faster.   Ways to rev up two-wheeler loan repayment process There are a few tips and tricks which can help you...

In India, one of the most popular and convenient modes of commuting daily is a two wheeler as it makes travelling hassle-free and less cumbersome. In the year 2019, the maximum number of two-wheelers has been manufactured in India showing a rise in their demand. The reason for the rise in demand is the convenience to use and cost-effective pricing. Studies suggest that so far 21 million units of two-wheelers have been sold off in India in the year 2019, which is almost the double of the units sold in the year 2011. This data clearly shows the willingness of people to invest in two wheelers. Everyone dreams of having a vehicle of their own but it is not necessary that you may have the funds available with you to purchase the same. To make your dream come true, there are a lot of lenders available in the market that give you the loan for your dream two-wheeler. So, if you are planning to take a loan for a two-wheeler, here are a few tips you should keep in mind in order to get the right...