{"id":10711,"date":"2023-08-29T03:48:10","date_gmt":"2023-08-29T03:48:10","guid":{"rendered":"\/blog\/?p=10711"},"modified":"2024-03-15T17:42:42","modified_gmt":"2024-03-15T12:12:42","slug":"know-how-to-buy-a-bike-on-emi","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-vehicle\/know-how-to-buy-a-bike-on-emi\/","title":{"rendered":"Know how to buy a bike on EMI"},"content":{"rendered":"\n<p>India\nis the world\u2019s biggest two-wheeler market with an estimated 20 million+ units\nbeing sold every year. Increasing government spend on rural programs, and\nlarge-scale road construction projects have helped push the volumes in small\ntowns and villages too.<\/p>\n\n\n\n<p>A\nrapidly growing economy and higher disposable income mean that not just the\nscale, but the diversity of motorbikes is increasing too. Whether you want the\nbest mileage for your ride or to get an adrenaline rush with a sports bike, you\ncan apply for bike loan&nbsp;and get zipping in no time.<\/p>\n\n\n\n<p><strong>Additional Read:- \u00a0<\/strong><a href=\"https:\/\/tata-blog.osian.dev\/blog\/loan-for-vehicle\/what-is-a-zero-down-payment-two-wheeler-loan\/\">What is a Zero Down Payment Two Wheeler Loan?<\/a><\/p>\n\n\n\n<p>Once you have shortlisted your preferred machine, <\/p>\n\n\n\n<p>Here is how you can get your bike in easy to pay EMIs:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Check\neligibility<\/h2>\n\n\n\n<p>The\nfirst thing to do is to check your eligibility for a loan amount. The\neligibility is assessed based on a lot of factors such as age, domicile, income\nproof, credit score, etc. For a two wheeler loan apply online&nbsp;and check\nyour eligibility within minutes.<\/p>\n\n\n\n<p>Applying\nfor a loan within your eligibility makes it easier to get a quick disbursal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Compare\ninterest rates<\/h2>\n\n\n\n<p>It is essential to shop around for a good <a href=\"https:\/\/tata-blog.osian.dev\/vehicle-loan\/two-wheeler-loan\/rates-and-charges.html\">two wheeler loan interest rate<\/a>\u00a0as it will have a bearing on your overall cost of purchasing the vehicle. However, do not get swayed with just a low interest rate. The reputation of the company, transparency about fee and charges, and the customer service the lender offers are equally important factors to consider. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Structure\nyour EMI<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"770\" height=\"400\" src=\"\/wp-content\/uploads\/2020\/07\/know-how-to-buy-a-bike-on-emi-2.jpg\" alt=\"EMI structure for Bike Loan\" class=\"wp-image-10714\" srcset=\"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/07\/know-how-to-buy-a-bike-on-emi-2.jpg 770w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/07\/know-how-to-buy-a-bike-on-emi-2-300x156.jpg 300w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/07\/know-how-to-buy-a-bike-on-emi-2-768x399.jpg 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<p>Always\nthink long-term. Look for an EMI amount that you will be able to comfortably\nservice through the tenure of your loan. A two wheeler loan EMI\ncalculator&nbsp;is available on the website of all financing companies.&nbsp;<\/p>\n\n\n\n<p>This\nbike loan EMI calculator&nbsp;allows you to adjust the tenure and amount to\narrive at a monthly figure that is affordable.<\/p>\n\n\n\n<p><strong>Additional Read:- <\/strong><a href=\"https:\/\/tata-blog.osian.dev\/blog\/loan-for-vehicle\/how-to-calculate-two-wheeler-loan-emi\/\">How to Calculate Two Wheeler Loan EMI ?<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Apply\nonline<\/h2>\n\n\n\n<p>Once\nyou have done your research, assessed your eligibility, compared interest rates\nand worked out your monthly commitment with a bike loan calculator, you can go\nahead and apply through the financing company\u2019s website.&nbsp;<\/p>\n\n\n\n<p>The\napplication process is quick and straightforward. You only need to upload\ndigital copies of your personal details such as address proof, income proof,\nPAN details, tax returns, etc. You will be intimated about the approval in the\nleast possible time, the details of which can be shared with your dealer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Getting\nup close and personal<\/h2>\n\n\n\n<p> If you want to get a feel of what your ride will look like and pick it up from a dealership, you could make an instant application with the dealer as well. Tata Capital offers you the flexibility to apply for <a href=\"https:\/\/tata-blog.osian.dev\/vehicle-loan\/two-wheeler-loan.html\">bike loan<\/a> in a way that is most convenient to you. The process remains the same as enumerated above. <\/p>\n\n\n\n<p>Tata Capital aims to simplify the process of availing a loan and bring in absolute transparency so that your two-wheeler buying experience is swift and free of hassles. Within no time, you could have the keys to your dream bike that will take you and your ambitions ahead.<\/p>\n\n\n\n<div class=\"wp-block-button aligncenter\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"https:\/\/tata-blog.osian.dev\/vehicle-loan\/apply-now-two-wheeler-loan.html\">Applu Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>India is the world\u2019s biggest two-wheeler market with an estimated 20 million+ units being sold every year. <\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/vehicle-loan\/know-how-to-buy-a-bike-on-emi\/\n\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":10712,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-10711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-vehicle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Check Out How to Buy Bike on EMI in Detail - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"Need to get home your own dream bike? 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