Claim your independence with a two wheeler of your own. There is no better time than now to make a buying decision and explore the city lanes in your brand new bike.
Claim your independence with a two wheeler of your own. There is no better time than now to make a buying decision and explore the city lanes in your brand new bike. The interest rates are affordable and you can easily get immediate finance for the purchase. Choose a reliable bike finance company and enjoy easy repayment options with a flexible tenure.
The process of loan application is simple and quick. You can check your eligibility within a few minutes and get immediate access to funds. Here is your step by step guide to get bike finance ( https://www.herofincorp.com/two-wheeler-loans ).
1. Pick a bike
Before you make a loan application, you need to decide on the brand and type of bike you want to purchase. If you are looking for something more than a basic bike, you can consider super bikes. Bike loans are available for every type and brand of bike in the industry. Consider the purpose of buying and the frequency of use before you make a final decision.
2. Check the eligibility
You need to check your eligibility as an applicant with the chosen bike finance company. You do not need to visit the branch of the finance company for the same. Instead, you can check the eligibility online. Different lenders have different eligibility criteria like minimum annual income, residential status, age limit and more. You need to ensure that you are eligible for the loan before you make an application.
3. Calculate the loan EMI
Once you check the eligibility, you need to estimate the amount of EMI you will have to pay each month in order to repay the loan. The calculator is available online and it is easy to use. All you need to do is provide the loan amount details and the tenure. You will be able to estimate the amount of EMI. You can also adjust these figures in order to arrive at an optimal EMI.
4. Make an application
Once you decide on the bike finance company you want to borrow from, you can make an application. You can make an online or an offline application as per your convenience. You will have to provide your personal and financial details in the application form and submit the necessary documents which prove your age, income and address.
If all is in place and if you have a good credit score ( https://www.herofincorp.com/blog/how-to-improve-your-credit-score ), your loan application will be approved within 48 hours. If you are already a customer with the lender, your loan application will be quick and hassle free. Most lenders have a minimal documentation requirement and they approve a higher loan amount. This ensures that you can bring home your dream ride without breaking your bank. Buying a bike is a matter of pride and it should not be something that disrupts your monthly budget. With bike finance, you will be able to bring home your dream ride and pay for the same while you ride on it.