Uploaded on May 20, 2022
Are you planning to purchase two wheeler and you don't know how to manage your funds, you can check out our presentation which will give you complete information. Visit:- https://www.bajajautofinance.com/blog/how-to-manage-funding-for-two-wheeler-purchase
How to Manage Funding for Two Wheeler Purchase?
How to Manage Funding
for Two Wheeler Purchase ?
Introduction
Two wheelers are a blessing with this increasing
traffic and busy roads. They support your budget
and can easily fit through narrow spaces. It’s not a
surprise Indians love two wheelers, but spending
all your saving on a bike isn’t good financially.
Here’s where you will check
how to manage funding for Two Wheeler Purchas
e?
Selecting A Two-Wheeler
If you are thinking of buying a bike of your dreams,
then you must have a look at our list, select the bike of
your choice and get it financed. You have to deposit an
amount as a down payment. After that Bajaj Auto
Finance will generate your Monthly EMI.
Used or Fresh?
What type of bike do you want to take? If
you can’t decide whether you want to get
a new bike or an old bike. Remember, if
you want to use the bike for a long tour
or for learning purpose, then you should
go for a used bike, it will save you money
but If you are willing to use bike for daily
use and you are a good rider then you
should buy a new bike.
Make a Budget
If you want to finance any bike for yourself, then you should first
find out how much it cost. What will be your monthly installment,
if you can pay back without affecting your budget. Use online loan
calculator tool it will help you to decide the loan tenure and EMI.
Please remember that even a two-wheeler loan typically lasts for
1-3 years, so make sure your budget accounts for it.
Examine your Credit Score
If you have a good credit score then you can get a loan with low
interest rate and avail two wheeler loan easily. Your credit rating is
an important factor determining your interest rate.
A strong credit score is important for your financial health when
applying for a two wheeler loan or any other types of loan.
Prepare ahead of Time
If you are planning to purchase a bike, then plan ahead to save
money for this purpose. A two wheeler is a good mode of
transportation and sometimes it is necessary to have one.
Get In Touch
BAJAJ FINANCE LTD,
Yamuna Nagar Gate,
Old Mumbai Pune, highway, Akurdi,
Pune- 411035 (India)
Website: www.bajajautofinance.com
E-Mail: [email protected]
/BaAutoFin /BajajAutoFin /company/878056
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