How Much Down Payment is Required For Two Wheeler Loan?

The bike becomes the life of many youngsters. Not even only in cities but also in rural area people love to ride on the bike. But there are various people who dream of having their own bike but unable to afford it due to the financial lacks. But there is an option for all those people who dream of having their own two-wheelers. There are many banks and NBFC who offers two wheeler loan with minimum documentation. Bajaj Auto Credit is a top rated NBFC that offer bike loans at attractive rates and low-cost EMIs. They provide quick two wheeler loan approval. It also provides the facility to buy a two-wheeler of their own choice. There is also attractive down payment schemes for the people. It ranges from 0% to 30% which depending on the customer profile.

Minimum Down Payment Required for a Bike Loan But now the question is how much down payment is required for the BIke Loan? If you apply for a bike loan you have to pay a fixed amount of money to the borrower as a down payment. It may be up to 15-30%* of the two-wheeler value. The down payment for bike loan simply depends upon the cost of the bike and customer's repayment capacity. Sometimes it also depends upon the source of income and what kind of bike customer plan to purchase. Factors Affecting Down Payment Amount You can use our bike loan calculator to know the amount you have to pay every month as an EMI. This amount should be comfortable for you to pay off, without burdening you financially. Must Read: Two-Wheeler Loan: Eligibility Criteria and Benefits with Bajaj Auto Credit in 2024