What is the interest rate for bike loan in Bajaj Finance?
One can easily apply for two wheeler loans with Bajaj Auto Finance….Bajaj Auto Finance Two Wheeler Loan Interest Rates.
| Interest Rates | 7.25%* Onwards |
|---|---|
| Maximum Repayment Tenure | 36 Months |
| Processing Fees | 1% – 3%* |
What is the rate of interest for 2 wheeler loan?
Two wheeler Loan Interest Rates 2021
| Bank | Lowest Interest Rate | Processing fee |
|---|---|---|
| L Finance | 10.75% p.a. – 15.00% p.a. | At L discretion |
| State Bank of India (SBI) | 16.25% p.a. To 18.00% p.a. | 2% of the loan amount + GST |
| Axis Bank | 10.80% – 28.30% | Up to 2.5% of the loan amount |
| HDFC Bank | 20.90% p.a. | Up to 2.5% of the loan amount |
Is Bajaj Finance available for bike?
If you are looking to buy a Bajaj bike, a loan is one of the easiest and safest ways to own one. At Bajaj Finance Ltd., we have been disbursing auto and bike loans since 1987 and have more than 1.7 million satisfied customers across India.
How is EMI calculated on bike?
Bike Loan EMI Calculation Formula EMI = [P x R x (1+R)^N]/[(1+R)^N-1], P stands for the loan amount or principal, R is the interest rate per month and N is the number of monthly installments.
How can I check my Bajaj bike loan?
Through SMS: Bajaj Auto Finance has made it even easier by giving you your loan status and other details quickly and in an efficient manner. The number 97177 52222 is their self-service call number. After giving a call to this number, it instantly gets disconnected.
Can I get 100% bike loan?
A two-wheeler loan is the best option to own your dream bike without redeeming your savings. You can get up to 100% of your bike’s on-road price as a loan without pledging anything as collateral. With affordable interest rates and longer loan tenure, you can plan your repayments based on your needs.
What is minimum down payment for bike?
Minimum Down Payment Required for a Bike Loan It ranges from 15-30%* of the two-wheeler value. Down payment solely depends on the cost of the bike and your repayment capacity. It is advisable to pay some amount as down payment for availing lower EMIs on bike loan.
What is the minimum downpayment for a bike?
What is principal amount in bike loan?
Principal Amount – This is the sum of money borrowed as a two wheeler loan and which needs to be repaid along with the applicable interest within a fixed tenure.
How to get two wheeler loan from Bajaj Auto Finance?
Bajaj Auto Finance offers upto 95%* loan for two-wheelers. The documentation is simple, and the processing on a two-wheeler loan is swift. You can apply for a two-wheeler loan online. The approval process takes less time than other loans.
Which is the best loan for two wheeler in India?
Low-interest bike loans have made it affordable and convenient for Indians to buy two-wheeler of their choice. One can easily apply for two wheeler loans with Bajaj Auto Finance. You can comfortably pay off the monthly installments as we offer interest rates from 7.85%* onwards in addition with a 1% to 3.5%* processing fee of the loan amount.
What’s the interest rate on a Bajaj bike?
Bajaj Bike at 1% Processing Fee & Loan up to 95%.
What are the benefits of Bajaj Auto Finance?
Here are some of the top benefits of choosing a Bajaj Auto Finance two-wheeler loan: You can get up to 100% of the bike’s value as a loan, making it easier to own a bike if you can not afford to make the initial down payment. The two-wheeler loan interest rates start from as low as 7.25%. You can choose an interest rate based on your needs.