Quick Loan for a Fast Bike

31 August 2011 - Which Way to Pay

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Quick Loan for a Fast Bike

Two-wheeler vehicles are the transport of choice for many Indians, especially given their practicality within the city centres. Often a two-wheeler can get you to your destination quicker, and with faster and better models coming out all the time a two-wheeler loan could be an attractive option if you canít afford to pay for a new motorcycle in one go!

When considering a loan, make sure you cover all aspects of your eligibility according to the various lenders criteria. Most two-wheeler loans for motorcycles/scooters are secured and as such the vehicle is used as the collateral on the loan.

It is standard to expect a loan up to the value of 80% of the vehicle, although if you have a bad credit history financing may be restricted. The value of the income may also reflect your ability to prove an income.

A note to remember: if you take out a two-wheeler loan you are required to insure your vehicle! You can compare vehicle insurance options here.

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