If you own a two-wheeler, then chances are you need a loan to buy new spares, get repairs done, or even just to tide over a difficult financial phase. Finding the right lender can be daunting but no more so than if you’re looking to borrow money. There are various ways to get two-wheeler loans that are generally difficult for most people to get. So, which lending website is the right one for you ? That’s what this article will answer. Read on if you want details on how much they charge, their eligibility criteria and other factors that may impact your decision.
Availing for a loan to purchase the bike that you have always wanted to benefit you in a number of ways. Some of them include:
Now that you have understood the major advantages of borrowing two - wheeler loans , here are some major tips that you also need to follow the two - wheeler loan application procedure.
A few loan applicants have their applications also rejected by lenders. And that is not a pleasant feeling and might not be equally good for your credit score. Now you can refer to the list of tips as it can enable you to apply successfully for a two-wheeler loan. Also, then you can follow the next section that talks about major points that will enable you to improve your chances of getting a two wheeler loan.
These are as follows:
Now that you have understood the major advantages of borrowing two - wheeler loans , here are some major tips that you also need to follow the two - wheeler loan application procedure.
After you have successfully applied for a two-wheeler loan, let's understand what you need to keep in mind while applying for one. Here are some points that can help you find the correct loan for you to avoid paying for more than you should.
Here, we will be discussing how many chances are there for you to improve your opportunity of availing a loan that is approved. Any Loan requirements can differ from one lender to another but also it may be hard to get the loan you are actually searching for. Here, are some suggestions that you can follow;
So, if you are confused about the Dos and Don’ts for applying for a two wheeler loan then you should follow the next section.
Let's now look at the dos and don'ts of applying for this loan.
Do's | Don'ts |
---|---|
Have to research well before you apply | Don't apply for too many loans at the same time |
Ensure that you are eligible for the loan you are applying for | Don't apply for a loan simply only because you get an attractive welcome gift |
Analyze the interest rates and find the best option | Don't forget to fill in the application form properly |
Comparing processing fees and other charges | Don't sign for the loan documents without having reading them thoroughly |
Analyze your credit score before you apply for the same | Don't choose an EMI you know you can't afford. |
Submit all the required documents without any fail | Don't forget to pay your EMIs correct time |
Reading the offer document carefully before accepting the terms and conditions. | Don't forget to prepay any of your loan if you can |
A two-wheeler loan helps you to buy a bike that you want or have always a requirement for. Two-wheeler loans are available for different sources, that includes banks and Non-Banking Financial Companies . But , you must ensure to meet certain requirements in order to be eligible for this loan. The eligibility criteria will vary from lender to lender.
Note :These are general eligibility criteria. Also, it might be an additional or different criteria requirement depending on which lender you can avail the loan from.
Lenders have certain eligibility criteria they expect you to fulfill before they process your application. These may vary from one lender to another. Some of the general eligibility criteria are as follows:
Requirements | Salaried Individuals | Self-employed individuals |
---|---|---|
Age | Minimum - 21 years at the time of application Maximum - 65 to 70 years at the end of the loan tenure | Minimum - 21 years at the time of application Maximum - 65 to 70 years at the end of the loan tenure |
Monthly income | Rs.7,000 | Rs.6,000 |
Credit score | Above 750 | Above 750 |
Loan amount | Up to 100% of the value of the vehicle | Up to 100% of the value of the vehicle |
Residential stability | Must be staying at the current address for at least 1 year | Must be staying at the current address for at least 1 year |
Work experience | At least 1 year | At least 1 year |
The following table gives you the list of all the top lenders that currently offer motorcycle loans. You can also check out some of the eligibility criteria required by each of them.
Lender | Age limit | Minimum income |
---|---|---|
State Bank of India | 21 years to 57 years | Rs.12,500 per month |
Bank of India | Up to 65 years | Contact the bank |
HDFC Bank | 21 years to 65 years | Rs.10,000 per month |
Union Bank of India | 18 years to 75 years | As determined by the bank |
Punjab National Bank | 18 years to 70 years | Rs.10,000 per month |
Bank of Baroda | 21 years to 70 years | As determined by the bank |
UCO Bank | 21 years to 60 years | Rs.8,000 per month |
Note: These criteria also change the discretion of each lender. The maximum age limit requirement is the age of the applicant at the end of the loan tenure.
You can also see if you can qualify for a bike or scooter loan by looking at the options accessible to you. Various sites compile a list of all the major lenders who may provide you with such loans at low interest rates.
You can compare the pros and cons of the loans as offered by different lenders and their numerous aspects. Now you can also analyze the interest rates, processing costs, the required minimum income, EMIs, and other factors. Now you can assist you in deciding the best option for you.
Also, you can analyze the loan's eligibility requirements. This can help you save all your time and effort of visiting each bank separately to learn about their loan application requirements.
These are the few documents required for two-wheeler loan. The documents required may differ from one lender to another. Every lender requires you to submit certain documents while applying for a loan. Some of the general documents required are given below:
Particulars | Salaried Individuals | Self-employed individuals |
---|---|---|
Identity Proof | PAN card, voter's ID, passport, driving license | PAN card, voter's ID, passport, driving license |
Address Proof | Utility bills, passport, etc. | Utility bills, passport, etc. |
Income Proof | Salary slips, IT returns, bank statements | Bank statements, IT returns, audited financial statements |
Planning on taking a loan to get the bike you desire? Before you are applying for one, then you have to take a look at the interest rates that are offered by some of the top lenders in the country. The interest rates on these types of loans range anywhere between 9.55% p.a. to 23.50% p.a.
The following table helps you compare the interest rates and processing fees charged by lenders in India along with their respective tenures.
Particulars | Interest Rate | Loan Amount | Processing Fee |
---|---|---|---|
State Bank of India | 16.75% to 18.50% p.a. | Rs.20,000 to Rs.3 lakh | 2.00% of the loan amount + GST (minimum of Rs.1,000) |
HDFC Bank | 14.50% p.a. onwards | Contact the bank | 2.5% of the loan amount |
Punjab National Bank | 9.55% p.a. onwards | Up to Rs.10 lakh | 0.5% of the loan amount subject to Rs.500 to Rs.1,000 |
Union Bank of India | 10.80% onwards | Up to Rs.10 lakh | Contact the bank |
Axis Bank | 12.00% to 23.50% p.a | Rs.25,001 onwards | 2.5% of the loan amount |
Now provide a glance at the various factors that impact the interest rate of your two-wheeler loan:
The major reason to analyze and compare the interest rates of the loan options available to you is to know how much each one will cost. This will enable you to calculate how much you will have to repay each month.
Comparing various loans can enable you to get the cheapest option that is available. Comparing other parameters such as the processing fee along with the repayment tenure will help you find a loan that best suits your current needs.
Sometimes, when you are applying for any bike loan, your lender should give you the option of choosing between any variable rate of interest and then a fixed rate of interest. In such cases, what can you choose?
The choice between a fixed rate and a variable rate usually depends upon the level of risk related to each.
Fixed interest rates are usually higher compared to variable rates. Also, fixed rates remain the same even after market rates change.
On the other hand, variable interest rates change depending upon market conditions. Rates linked to the Marginal Cost of funds-based Lending Rate can change every time if RBI makes a change in the repo rate as well.Hence, your rate could either increase or decrease with the passing of time. That being said, variable interest rates are usually lower compared with fixed rates.
A unique EMI calculator can enable you to get exactly what your EMI should be. The tool helps you find out how much you should repay each month within a few minutes. The steps will show you ways to use this tool are mentioned below:
Firstly, you just need to input the amount of funds you want to avail, choose the interest rate that is charged by the lender, along with the tenure of the loan.Secondly, you can select whether or not you intend to prepay parts of your loan. Also, now you can type in any processing fees that you might have to pay.Thirdly, you need to hit 'Calculate'. Your EMI will be displayed in a few seconds. Now , you will also get the table for your loan. This table will also display how you have to repay the loan over the tenure you have chosen.The table will display you the interest and principal components of each EMI along with how much interest you will have to pay over the loan period. This also enables you to find out how much the loan will cost you.
Every EMI calculator web portal has a user-friendly loan that will enable you in understanding the EMIs for buying a bike with a loan. Most recommendations suggest knowing your exact EMI amount before you actually apply for a loan.
This also ensures that you will have a smooth borrowing process without any financial struggles. You should be able to select the right loan amount as per your repayment ability and the interest rate. The procedure mentioned below is the way to calculator is given below:
Now within a few seconds, you can see the EMI amount. Now you can also enter various details and get different results. You can also then compare multiple results and then make a final decision regarding your loan. Under this EMI calculator, you can also get proper needed information about your amortization.
For your convenience, the table given below shows the various EMI amounts for multiple loan amounts and tenures:
Loan amount (Rs.) | Interest rate (Mean) | Processing Fee (Rs.) | EMI for 1 year (Rs.) | EMI for 2 year (Rs.) | EMI for 3 year (Rs.) | EMI for 4 year (Rs.) | EMI for 5 year (Rs.) |
---|---|---|---|---|---|---|---|
50,000 | 11.10% | 500 | 4,421 | 2,333 | 1,639 | 1,295 | 1,090 |
1 Lakh | 11.10% | 500 | 8,843 | 4,665 | 3,279 | 2,589 | 2,179 |
2 Lakh | 11.10% | 500 | 17,686 | 9,331 | 6,557 | 5,179 | 4,358 |
3 Lakh | 11.10% | 500 | 26,528 | 13,996 | 9,836 | 7,768 | 6,538 |
4 Lakh | 11.10% | 500 | 35,371 | 18,662 | 13,114 | 10,358 | 8,717 |
Two-wheeler loan EMI calculators are very useful as they allow you to plan your loan expenses in greater detail. A two-wheeler loan EMI calculator is a simple web tool that you can use very easily without with no prior knowledge of finance.
Now you can a look through some of the important reasons for using a bike loan EMI calculator:
Getting your dream two-wheeler can be a very exciting experience. Understanding the product and the monetary components assist you in signing up for the right two-wheeler loan along with will help you enjoy the best of your new motorcycle.
Your EMI will enable you to know how much you should repay the bank each month. The EMI usually depends mainly on the loan principal amount, the interest rate, and the tenure you have chosen. Your processing fee along with prepayment patterns will also play a role in deciding your EMI.
It is always apt to find out what your EMI will be prior to you applying for your two-wheeler loan. Comparing various loan EMIs enables you to identify the cheapest and most suitable loan.
Two wheeler loan calculator is a unique repayment calculation tool that enables you to find your EMI within a matter of minutes. Some of this type in your parameters and get your EMI along with the loan amortization schedule quickly.
Also, if you are a student , and you are planning to take a two wheeler loan for students , then you can follow the section below; to explore more in the subject.
A two-wheeler is one of the most utilized modes of transport in India and has potentially become a major commodity for the average Indian's daily traveling . India is one of the biggest manufacturers of two wheelers in the world and is also one of the best markets for small to medium capacity two wheelers as well . Many manufacturers from all over the world have initiated operations in the country along with have designed many models to suit Indian roads.
New models enter the markets, many banks also decide to introduce loans for two wheelers with different eligibility criteria, so that they will be able to provide for every segment of the market. A demographic among which two wheelers have become popular are the students, but most students usually do not have enough finances to purchase a new two-wheeler, for this very purpose, some banks plan to give you two-wheeler loans to students under particular special conditions, as they are not yet the earning members of society. In this section the various factors a student will need to fulfill to be eligible for a two wheeler loan is in focus , along with the applicable interest rate along with other charges as well.
The repayment period for a two-wheeler loan provided to a student is 3 years.
The income requirement for the co-applicant is that high..
The student has to give a co-applicant/guarantor to borrow this type of loan.
Then banks take up to 3 days to process and analyze the documents.
Two-wheeler loans are only for students who are unsecured.
There are no restrictions on this type of vehicle, as such for the student who can purchase by availing this kind of a loan.
As a student , or as a working professional or self employed individual you can still apply for a two wheeler loan with the help of a personal loan.
As its lightweight, speed, and ability to help riders to go forward quickly between locations, that's the major reason why two wheelers are the most popular forms of transportation and communication in the country.
You can avail of a loan to make it easily accessible for you do not have enough money to get a new bike or if you don’t want to use your savings for the purchase. To get a brand-new scooter or motorcycle, you can also avail for a personal loan or two-wheeler loan. In India, banks and Non-Banking Financial Companies (NBFCs) both gives these two loan categories.
Taking advantage of having a personal loan online is now very easy. That refers to the fact that while you are asking for a loan, you are basically not required to provide any security or collateral. On top of that, personal loans are very reasonable in terms of interest rates . Hence, buying a bike will result in little overall borrowing rates.
You can also ensure that you are able to manage your own other monthly expenses with sound financial strategy . The best part about a personal loan is that you don't have to ask your lender if you're using the money to buy a bike or something else.
If you are looking forward to buying a premium bike, or daily-commuter scooter, a sports bike or an adventure bike, you can avail a personal loan to purchase it. Also, even if you want a brand new two-wheeler , you can take a personal loan.
You can also if you are willing to get a two - wheeler loan for a personal loan for getting your motorcycle or scooter. Now loan is applicable from personal loan both online and offline . To apply online you should visit the official websites of lenders or third party financial websites. You can also compare personal loan interest rate ,penalties, and other features on the internet itself. Once you make a decision, now you can apply for a loan, and then buy your bike. To apply offline, you should visit any branch of your lender and an executive will provide you with the details and help you apply.
It is necessary to ensure an easy and speedy loan application procedure. You should get a speedy and easy loan application process by keeping all your documents prepared. You can also upload your documents online with the majority of lenders and financial platforms . This is also great as it elevated simplified , paperless transactions . After the application gets approved and disbursed , you can purchase your favorite bike and have an amazing time with a good ride.
Hence, other than applying for a two wheeler loan with personal loan you can also go for another alternative ,i.e., zero down payment for bike loan.
No down payment of bike loan is a facility that is provided where the lender as a loan can offer 100% of the on-road price of the two-wheeler . Also apart from the processing fee, no down payment should be processed.
You can also have a detailed look at why does this zero down payment bike loans are a beneficial option
Some of the benefits of a zero down payment bike loan are given below:
You can get in touch with a customer representative of the lender to ask for better details of the zero down payment bike loan. You will have to also submit the necessary documents along with application to the lender. After completing the verification properly , the lenders will mostly sanction the loan.
Also, there is another alternative other than applying for zero down payment bike loan, that is apply for second hand bike loans. You can follow the next section to know more about this.
The price of a new bike or scooter is very high and hence if you are looking to avail a loan for the same reason then this might not be financially feasible for you. Hence, in such cases , you can look around to buy a two wheeler i.e second hand . The price of that vehicle might be lower and that you can take a loan for the same. There are multiple lenders in India who are eligible to offer second hand two-wheelers for their customers. The next section will talk about the features of second hand two wheeler loans to clear all your doubts.
The next section mentions below the list of things that you must need to keep in mind before you apply for a second-hand two-wheeler loan:
Offline
You can duly go to the nearest physical branch of the bank from which you wish to borrow a second - hand two - wheeler loan. You can also fill in the application form and submit it with the necessary documents. A bank representative can help you with the application procedure.
Online
Applying online is very convenient by visiting the lender's website and then submitting all the documents with the application form. After you submit all the documents , the bank will also verify them, and if they are legitimate they will sanction your loan as quickly as possible.
Now that you know how to apply for second hand bike loans , you can easily apply for the same by following the details mentioned above . But what if you have a low credit score, can you still apply for second hand bike loans ?. The answer is discussed in the next section.
Two-wheelers are a well known need for commuters in India . Bikes are cheaper if compared to cars and are also quicker to move through traffic. Almost all banks and Non-Banking Financial Companies also offer two-wheeler loans at attractive interest rates.
The process to apply for a two-wheeler loan is simple and usually most of the lenders provide the option to apply for a loan online.Also, it is important to have a good credit score to borrow a two-wheeler loan at an attractive interest rate. In case your CIBIL score is lesser , then the two-wheeler loan application can face rejection or might have high interest rates.
The major reasons why your credit score might be below are mentioned below:
You will also need to meet the eligibility criteria to apply for a two-wheeler loan in low cibil score. Also , you can check the next section that talks about availing two - wheeler loans with lower cibil score.
There are multiple ways by which you avail a two-wheeler loan if in case your CIBIL score is low are mentioned below:
There are other ways by which you can get a two-wheeler loan even if the CIBIL score is lesser . However, if you maintain a good credit score it can help you in getting a bike loan with low interest rates along with the best terms and conditions.
So, after you have applied for the loans there are various ways to monitor your two wheeler loan status . Hence, the next section will discuss ways you can track your two -wheeler loan status.
In any case, if you are planning to apply for a two-wheeler loan, almost all banks and Non-Banking Financial Companies provide the option to check the status of the loan online. Apart from visiting the official website of the lender, you can also monitor the status of the two-wheeler loan by calling the customer care number of the lender or by physically visiting the lender branch.
The lender, the process to check the status of the two-wheeler loan might vary. The process to check the loan status on the official website of HDFC Bank, Tata Capital, Axis Bank are mentioned below:
HDFC Bank
Step 1: Visit the bank site
Step 2: Provide the Application Name or Reference Number.
Step 3: Provide the Date of Birth or Mobile Number.
Step 4: Press on ‘Submit’ to check the application status.
Tata Capital
Step 1: Visit tata capitals official website
Step 2: Select the ‘Mobile Number’ or ‘PAN’.
Step 3: Also you can opt for a mobile number, enter the number.
Step 4: Press on ‘Send OTP’.
Step 5: Provide the OTP that is forwarded to the registered mobile number.
Step 6: Also, you can opt for PAN, enter the number and then click on ‘Submit’.
Step 7: After the details have been verified, the status of your two-wheeler application.
should display on the screen.
Axis Bank
Step 1 : Vist the Axis Bank website
Step 2: Choose ‘Customer’ and press on ‘Proceed’.
Step 3:Now, provide the mobile number.
Step 4: Now finally you can Click on ‘Submit’ to monitor the status of the application.
Check the status of your application for a two-wheeler or by going to the lender's branch and take the step that is most convenient for you. Now you can also verify the loan's status, the basic information must be given.
Check the status of your application, by calling the lender's customer service line. The customer service representative will also inform you the status of the two-wheeler loan once all necessary information has been provided.
Particular lenders allow you to monitor the status of the two-wheeler loan via SMS as well. However, the SMS has to be sent via registered mobile number.
Hence, now that you know various ways to monitor your two wheeler loan status . You can now move to the next section to understand major facts about loan wheeler statements .
Non-Banking Financial Companies and banks also offer two-wheeler loans at unignorable interest rates with an extremely flexible repayment tenure. Unlike earlier days , now the process to get a bike loan is even simple and there are several lenders offering the option to apply for a loan online.
After you have availed a two-wheeler loan, it is very important that you monitor the loan statement to manage the loan effectively. Several details are such as the number of payments due and the number of payments that will be mentioned in the statement clearly. Monitoring the statement will also make sure that you do not pay any additional charges.
The details that are mentioned in the two-wheeler loan statement are mentioned below:
Some of the main merits of the bike loan statement are as follows :
The different ways by which you can get the bike loan statement are mentioned below:
Hence, you should remember the importance of monitoring the loan statement to manage the loan effectively. Also, you visit the next to know more about states that offer most subsidies for electric vehicles.
India is approaching to become very popular for electric vehicles as several initiatives are being taken with a number of initiatives. Earlier due to the lack of infrastructure the individuals have to rely on two wheelers that come with internal combustion engines,
The Central Government as part of the FAME-II scheme has also put forth various offers . Apart from the benefits under the FAME-II scheme, each state has to offer various policies to make sure that the prices of electric two-wheelers are getting reduced . Each state follows a different criterion when it comes to offering benefits on electric vehicles.
Depending, also on the size of the lithium-ion batteries, subsidies are also allotted by various states on electric two-wheelers. Presently, the higher the subsidy is provided in Delhi, followed by Maharashtra.
The subsidies that are offered by different states are mentioned in the table below:
State | Exemption of Road Tax | Maximum Subsidy | Per kWh (battery capacity) |
---|---|---|---|
Andhra Pradesh | 100% | - | - |
Madhya Pradesh | 99% | - | - |
Telangana | 100% | - | - |
Tamil Nadu | 100% | - | - |
Karnataka | 100% | - | - |
Kerala | 50% | - | - |
Uttar Pradesh | 100% | - | - |
Odisha | 100% | Rs.5,000 | NA |
Rajasthan | NA | Rs.10,000 | Rs.2,500 |
West Bengal | 100% | Rs.20,000 | Rs.10,000 |
Assam | 100% | Rs.20,000 | Rs.10,000 |
Gujarat | 50% | Rs.20,000 | Rs.10,000 |
Meghalaya | 100% | Rs.20,000 | Rs.10,000 |
Maharashtra | 100% | Rs.25,000 | Rs.5,000 |
Delhi | 100% | Rs.30,000 | Rs.5,000 |
Now that you know about the subsidies offered by different states , then you should also know about the impact of GST on Bikes. So the next section talks about just that.
Since the introduction of GST, several sectors have seen a benefit. One such sector is the two-wheeler industry. Earlier, the tax rate was 30%, however, with the introduction of GST, the tax rate has fallen to 28% for two-wheelers with an engine capacity of less than 350 cc. Two-wheelers that come with an engine capacity of more than 350 cc, the GST is 31%.
Several bikes such as the Royal Enfield have seen prices fall by up to Rs.7,000. The prices will vary on the place the bike is purchased and the model. Bikes above 350 cc have also seen their prices been affected. However, bike prices have fallen with the introduction of GST when compared to the previous tax system.
Category | GST Rate |
---|---|
Two-Wheeler Insurance | 18% |
Gauge Oil Level, Brake Pads, and Clutch Cable | 28% |
Battery Charging, Consumables, and Lubricants | 18% |
Two-Wheelers - Engine Capacity more than 350 cc | 31% |
Two-Wheelers - Engine Capacity less than 350 cc | 28% |
Hero HF Deluxe
Before GST, Hero HF Deluxe's ex-showroom price was Rs.42,830 (Delhi). The displacement is 97.2cc, and after the tax, the bike has been reduced by 3%-5%. The new ex-showroom price of the bike was Rs.41,545, with the GST tax .
Hero Splendor
It is affordable and will fit in almost everyone's budget. Before GST, the ex-showroom price was Rs.48,280 in the national capital. The bike price was reduced by 3%-5% and was at Rs.46,349 post GST.
Hero Glamour
The displacement of Hero Glamour is 124.7cc and the ex-showroom price of the bike in Delhi was R.56,655. The new ex-showroom price was around Rs.54,389.
Hero Passion
Before the GST , the ex-showroom price of the bike was Rs.52,605 in Delhi and the engine capacity was 97.2cc. The Hero Passion ex-showroom price post GST was around Rs.49,974.
Honda Dream Yuga
The Honda Dream Yuga comes with a 124.7cc and the ex-showroom price was Rs.51,977 pre-GST. The price of the bike was around Rs.50,418 after the introduction of GST.
Honda CB Shine
The Honda CB Shine price was Rs.56,268 along with the engine capacity was 124.7cc. After the GST, the new ex-showroom price of the bike was around Rs.53,736.
Bajaj Platina
Bajaj Platina has 100cc displacement along with the ex-showroom price was Rs.45,985. The ex-showroom price after GST was around Rs.44,606.
Honda CB Unicorn 150
Honda CB Unicorn 150 with an engine capacity of 149.1cc and the ex-showroom price was Rs.70,503. The new price is around Rs.68,388.
Royal Enfield Classic 350
The Royal Enfield before the GST, the ex-showroom price was Rs.1,34,919. Post-GST, the ex-showroom price was Rs.1,30,197.
Bajaj Pulsar
Bajaj Pulsar was Rs.92,200 and has a displacement of 220cc. After the GST, the bike's ex-showroom price was around Rs.88,512.
After you have availed the desiring two-wheeler loan, it is important that you monitor the loan statement regularly. Checking the statement will help you find the outstanding balance, and rectify any errors, and plan your future payments at the earliest.
A two- wheeler loan is a type of personal loan that need not pledge any collateral. Availing one is easy – you can apply online – and you can use the money to meet almost any expense.
You can apply for a two-wheeler loan if you wish to purchase any of the below cases:
Getting approval on the two-wheeler loan online via Buddy Loan is easy.
Please keep the latest documents required by the lending company. The eligibility criteria differ marginally with different lenders.
However, most often the approval is mostly dependent on the credit history. The better the credit history, the quicker the approval.
With Buddy Loan two - wheeler loan, post submission of the application, the applicant will receive an acknowledge within 15 minutes.
Buddy Loan aggregator has the easiest application process for two-wheeler loan. However, the minimum salary required for the availing a two-wheeler loan is Rs. 20,000/-
To avail a two-wheeler loan, you only need to meet the basic eligibility criteria.
To avail a personal loan for two-wheeler, you will need to submit the following documents:
One can use the handy two-wheeler loan EMI Calculator to determine your monthly installments.
No, Buddy Loan does not have any pre-payment charges whatsoever.
The applicant can borrow up to Rs.15 lakhs without pledging any asset. You can repay your loan over flexible tenures ranging from 12 months to 60 months.
Buddy Loan aggregator offers two-wheeler loans with a range of attractive benefits including:
Complete the application form online and avail your two-wheeler loan now.