{"id":9182,"date":"2023-08-28T18:08:53","date_gmt":"2023-08-28T18:08:53","guid":{"rendered":"\/blog\/?p=9182"},"modified":"2024-03-06T10:12:43","modified_gmt":"2024-03-06T04:42:43","slug":"things-to-know-while-comparing-two-wheeler-loans","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/","title":{"rendered":"Things to Know While Comparing Two-Wheeler Loans"},"content":{"rendered":"\n

Reading\nthe fine print before choosing a two wheeler loan is critical. If you are in\nthe habit of making a monthly budget, it should be easy to see how it could\naffect your other priorities. If not, you can use a bike loan EMI\ncalculator to determine if it is affordable. All you need to do is enter\nthe loan amount and tenure. Make sure you have enough money set aside for the\ndown payment and processing fees. Apply for\nbike loan online to get the most competitive offers.<\/p>\n\n\n\n

Know More About Two Wheeler Loan<\/a><\/div>\n\n\n\n

Here\nis a checklist you can use to zero in on the best possible 2 wheeler loan for your needs:<\/p>\n\n\n\n

Two wheeler loan eligibility criteria:<\/strong><\/p>\n\n\n\n

First,\nyou must be a resident of India to apply for a two wheeler loan. Although\nstudents too can apply – as long as they have a guarantor – the minimum age\nlimit is 21 years while the maximum is 65. Both salaried employees, as well as\nentrepreneurs, are eligible to apply as well. Corporate organizations can also\navail two-wheeler loans. <\/p>\n\n\n\n

However,\nevery institution follows its own rules when it comes to the minimum loan\namount and tenure. Depending on the amount you need to borrow and the loan\nprovider you approach, the tenure could be anywhere between 12-48 months. It\u2019s\nworth noting that longer-term tenures of up to 60 months are also available for\nselect superbike models. <\/p>\n\n\n\n

Documentation:<\/strong><\/p>\n\n\n\n

For\nyour bike loan application to be considered,\nlenders need to verify your identity and domicile, i.e., residential status.\nYou will be required to furnish copies of government-issued documents such as\ndriver\u2019s license, Aadhar Card, PAN Card, Voter ID Card, in addition to\npassport-sized photographs. To prove your income, you will need to submit your\nmost recent payslips, Form 16 and Income Tax Returns.<\/p>\n\n\n\n

Terms and Conditions:<\/strong><\/p>\n\n\n\n

\"Terms<\/figure>\n\n\n\n

While\nprepaying a 2 wheeler loan by adding an extra 5% to your EMIs each year is a\ngood strategy; however, there may be a downside to it – prepayment charges.\nCheck with your provider if any charges are applicable if you repay the loan\nahead of schedule. <\/p>\n\n\n\n

If\nyes, negotiate a waiver or choose a different provider. Don\u2019t forget to ask for\na breakdown of the processing charges. Also, loans are only available on\nstandard bike models. The cost of any customization will have to be borne by\nyou.<\/p>\n\n\n\n

Interest rates:<\/strong><\/p>\n\n\n\n

Your\nEMIs will vary depending on whether you opt for a fixed or floating rate of\ninterest. Other factors that influence two wheeler loan interest rate\ncalculations are your CIBIL score, the bike model you\u2019re considering and the\nduration of the credit. <\/p>\n\n\n\n

If you opt for a loan without collateral, the interest rate is likely to be higher. Additionally, you may have to pay more if you are self-employed. Check the overall credentials of the provider; do not base your decision on the lowest two wheeler loan interest rate only.

<\/a>Finally, check for hidden charges or bundled insurance premiums, which might add to your monthly outgo. <\/p>\n\n\n\n

Choose Tata Capital for your long-term bike loan<\/a> requirements and drive home your dream bike today! <\/p>\n\n\n\n

Apply Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Reading the fine print before choosing a two wheeler loan is critical. If you are in the habit of making a monthly budget. <\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":9184,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-9182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-for-vehicle"],"yoast_head":"\nThings to know while comparing Two Wheeler Loans - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"Click here to know about Two Wheeler Loans. It is important for you to compare two wheeler loans before making the loan. Compare online!\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Things to know while comparing Two Wheeler Loans - Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"Click here to know about Two Wheeler Loans. It is important for you to compare two wheeler loans before making the loan. Compare online!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-28T18:08:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-06T04:42:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/05\/things-to-know-while-comparing-two-wheeler-loans-banner.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/\",\"name\":\"Things to know while comparing Two Wheeler Loans - Tata Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2023-08-28T18:08:53+00:00\",\"dateModified\":\"2024-03-06T04:42:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"Click here to know about Two Wheeler Loans. It is important for you to compare two wheeler loans before making the loan. Compare online!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapital.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Things to Know While Comparing Two-Wheeler Loans\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"TATA Capital Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\",\"name\":\"Tata Capital\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"caption\":\"Tata Capital\"},\"sameAs\":[\"https:\/\/tata-blog.osian.dev\/blog\"],\"url\":\"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Things to know while comparing Two Wheeler Loans - Tata Capital Blog","description":"Click here to know about Two Wheeler Loans. It is important for you to compare two wheeler loans before making the loan. Compare online!","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"Things to know while comparing Two Wheeler Loans - Tata Capital Blog","og_description":"Click here to know about Two Wheeler Loans. It is important for you to compare two wheeler loans before making the loan. Compare online!","og_url":"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/","og_site_name":"TATA Capital Blog","article_published_time":"2023-08-28T18:08:53+00:00","article_modified_time":"2024-03-06T04:42:43+00:00","og_image":[{"width":770,"height":400,"url":"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/05\/things-to-know-while-comparing-two-wheeler-loans-banner.jpg","type":"image\/jpeg"}],"author":"Tata Capital","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tata Capital","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/","url":"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/","name":"Things to know while comparing Two Wheeler Loans - Tata Capital Blog","isPartOf":{"@id":"https:\/\/www.tatacapital.com\/blog\/#website"},"datePublished":"2023-08-28T18:08:53+00:00","dateModified":"2024-03-06T04:42:43+00:00","author":{"@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a"},"description":"Click here to know about Two Wheeler Loans. It is important for you to compare two wheeler loans before making the loan. Compare online!","breadcrumb":{"@id":"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/things-to-know-while-comparing-two-wheeler-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tatacapital.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Things to Know While Comparing Two-Wheeler Loans"}]},{"@type":"WebSite","@id":"https:\/\/www.tatacapital.com\/blog\/#website","url":"https:\/\/www.tatacapital.com\/blog\/","name":"TATA Capital Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a","name":"Tata Capital","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","caption":"Tata Capital"},"sameAs":["https:\/\/tata-blog.osian.dev\/blog"],"url":"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/"}]}},"featured_image_url":"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/05\/things-to-know-while-comparing-two-wheeler-loans-banner.jpg","_links":{"self":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/9182","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/comments?post=9182"}],"version-history":[{"count":3,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/9182\/revisions"}],"predecessor-version":[{"id":39979,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/9182\/revisions\/39979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media\/9184"}],"wp:attachment":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media?parent=9182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/categories?post=9182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/tags?post=9182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}