Hello friends, I welcome you all to today’s article. Friends, we will give you information that how to take a bike on loan. Friends, buying a bike or a two-wheeler is every person’s dream because the bike can be easily taken anywhere and can be easily driven in crowded areas and buying a bike is also quite cheap, hence the bike can be bought in similar budget as well. Bike is the first choice of middle class people because the cost of running a bike is also less and he can easily do all his work with the bike, but due to some reason if a person is unable to buy a bike and he has shortage of money, then he can take a bike loan to buy a bike. There are so many banks and private companies in India which easily give bike loans and it is also very easy to take a bike loan. Friends if you want to take a bike loan, then in today’s article we will tell you its complete information in detail so that you can easily take a bike on loan. For this you all will have to read today’s article carefully till the end. 
How to take a bike on loan | Apply for online bike loan | How to take a bike loan |
documents for getting bike loan
If you want to take a bike loan, then for this you will need some documents which will be as follows –
- aadhar card
- pan card
- mobile number
- Address proof
- income certificate
- driving license
- passport size photo
Eligibility for bike loan
- The companies providing bike loans can provide bike loans only to Indian citizens.
- Most of the loan giving companies give bike loans to people between the age of 18 to 60 years.
- Bike loan companies generally ask for income proof (salary slip) to make sure that you will be able to pay the EMI on time or not.
- The companies giving adult loan require down payment, normally the down payment is 10 to 20%, here 10 to 20% down payment has to be given.
- The better your credit score, the sooner you will get a loan for a bike and the interest rate will also be less and the period for repaying the interest will be longer.
Process to get a bike loan
Friends, if you want to take a bike on loan, then for this you will have to follow all the procedures given below step by step, which will be like this –
- To take a bike loan, first of all you will have to choose the bike of your choice.
- To buy a bike you will have to search for a desire.
- You will have to talk to the showroom owner of the company whose bike you want to buy. Regarding finance, how much interest will be charged, for how long will the loan have to be repaid, how much loan you will get etc.
- Whatever documents will be asked from you for buying the bike, you will have to submit all those documents properly.
- You will have to put your signature on the document for taking bike loan.
- If any documents related to bike loan are required, you will have to submit them.
- To take a bike loan you will have to make your down payment.
- And in the end you can get your bike delivered.
conclusion –
Friends, in today’s article we have given you all the information about how to take a bike on loan. We have told you the complete information in detail so that you can easily take a bike on loan while sitting at home. Friends, if you all liked today’s article then you must share this article with your friends.