Your loan tenure significantly impacts your EMI and your interest payable
Whether you are looking for a companion for daily commute or for long road trips, two-wheelers serve the purpose well. All you need to do is apply for two-wheeler loans and bring home a two-wheeler of your choice.
In the age of attractive interest rates, extended tenures, and flexible Equated Monthly Instalments (EMIs), bike loans are an excellent way of meeting your personal needs.
If you are looking to purchase your dream bike without digging into your savings, here are some benefits of opting for IndusInd Bank’s two-wheeler loans.
Reduce Your Upfront Expenditure
A bike loan from IndusInd Bank offers practicality and ease in financing your purchase. You can avail up to 95% financing on your bike’s cost from IndusInd Bank. But that’s not all! You can repay the loan amount in small pocket-friendly EMIs for a fixed tenure.
Plan Your Future Expenses
Before you apply for a two-wheeler loan, you can use IndusInd Bank’s loan EMI calculator to create a repayment plan. Enter your principal amount, interest rate, and loan tenure to figure out your EMIs. The resulting EMIs also include the interest rate.
This way, you can prepare a monthly plan to repay the loan as per your budget conveniently. While paying small EMIs, you can easily save a lot for other expenses.
Get Lucrative Interest Rates
Thanks to the enormous popularity of two-wheelers in India, availing two-wheeler loans at attractive interest rates is easy today. IndusInd Bank offers the most competitive rates on bike finance in India.
Score Extended Repayment Tenures
Your loan tenure significantly impacts your EMI and your interest payable. If you go for a longer loan tenure, you will pay smaller EMIs. However, an extended loan tenure means you will spend more on the interest paid.
When you apply for a two-wheeler loan at IndusInd Bank, you get flexible, wide, and easy repayment tenures.
Experience Quick Loan Processing at Minimal Documentation
Getting two-wheeler finance approved is fairly quick and easy. You require minimal documents for approval. Your loan is also sanctioned and disbursed quickly at IndusInd Bank.
When you apply for a two-wheeler loan with the bank, you experience a swift loan processing time. On top of that, you get convenient doorstep documentation for a smooth borrowing experience.
Improve your CIBIL score
A high credit score can get you more attractive interest rates and quicker approvals on your loans. Since two-wheeler loans from IndusInd Bank come with competitive rates and flexible tenures, it is easy to repay them. The timely loan repayment will positively impact your CIBIL score.
The Bottom Line
As is evident, a two-wheeler loan from IndusInd Bank offers benefits aplenty. You not only save funds for a rainy day, score lucrative rates, boost your CIBIL score, but also plan your future expenses with ease.
To apply for a bike loan with IndusInd Bank, check your eligibility here.