What is the Minimum and Maximum Amount for a Two-Wheeler Loan?
- Posted:20th November, 2024
- Updated:20th November, 2024
The minimum and maximum amounts for a two-wheeler loan can vary based on several factors:
- Financial Institution’s Policies: Each financial institution sets its limits for minimum and maximum loan amounts.
- Vehicle Value: The loan amount is often a percentage of the vehicle's on-road or ex-showroom price.
- Applicant’s Creditworthiness: Factors such as credit score and income can influence the loan amount available.
For precise details tailored to specific needs and eligibility, it is advisable to consult the financial institution or use their online loan calculators.
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