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Two Wheeler Loan FAQs

Enhance your two-wheeler loan decisions with our comprehensive FAQs. Find clear answers to secure the most suitable financing solutions.

What happens to my two-wheeler if I am unable to repay the loan?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
If a two-wheeler loan is not repaid, the financial institution may take the following actions.
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What is the Maximum Loan Amount That Can Be Availed Through a Two-Wheeler Loan?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
The maximum loan amount for a two-wheeler loan varies based on several factors, including the lender, the applicant's credit profile, income, repayment capacity, and the cost of the two-wheeler.
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What is the Maximum Tenure for a Two-Wheeler Loan?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
The maximum tenure for a two-wheeler loan typically ranges from 12 to 60 months, depending on the financial institution.
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What is the Role of a Guarantor in a Two-Wheeler Loan?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
A guarantor is an individual who agrees to take responsibility for repaying the loan if the primary borrower is unable to do so.
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Can I Get a Two-Wheeler Loan for a Used Vehicle?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
Yes, you can get a two-wheeler loan for a used vehicle.
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Can I Get a Two-Wheeler Loan for a New Vehicle?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
Yes, a two-wheeler loan can be obtained for purchasing a new vehicle.
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Can I get a two-wheeler loan for purchasing a moped, motorcycle, scooter, or electric vehicle?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
Yes, you can generally get a two wheeler loan in India to purchase a moped, motorcycle, scooter, or electric vehicle.
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