Guide To Help You Choose The Lowest Two Wheeler Loan Interest Rate

As cities are getting crowded day by day, daily commuting has become a challenge for most people. The demand for two wheelers loans has significantly increased. However, there is always hesitation around trusting a particular lender due to the complex loan disbursal process, high two wheeler loan interest rate, and processing fee. 

With Muthoot Capital, the process of getting two wheeler loans is simple and convenient. There are several schemes to fulfill your needs and financial requirements. The best part is that you can get up to 100% of the bike or scooter’s on-road price with rates starting at 0.99% only. 

Reasons to choose Muthoot Capital for two wheeler loans
 

• With Muthoot Capital, you can get a loan up to 100% of the on-road price of your preferred vehicle. 

• You can use the bike loan calculator on the web portal to measure the EMI you will need to pay every month. 

• Interest rates on loan amount can be as low as 0.99% per anum. 

• It ensures minimal paperwork while applying for a two wheeler loan. 

• There are flexible downpayment and EMI schemes that best fit your requirements. 

• You can choose a flexible tenure to repay the loan amount from 24 to 48 months. 

Things to know before applying for two wheeler loans

There are lenders that offer lower two wheeler loan interest rate and easy loan disbursal processes. However, it is important to be well researched before applying for a bike or scooter loan.

The right time to purchase: During festivals or at the end of the year, you will find offers and discounts to avail of. They include zero processing fees and cover life insurance. 

Maintain a good credit score: Besides your credit score, most lenders consider your repayment capacity to measure your eligibility for the loan. 

Knowing about eligibility criteria: Before applying for two wheeler loans, it is a must to know if you are eligible to get the loan. Most lending institutions consider age and income as the basis to approve loans. With Muthoot Capital, you have to be 18 years at the time of application and 65 years at the end of the loan tenure. 

Apply for a two wheeler loan 

The process of applying for a two wheeler loan is simple. You can Muthoot Capital’s website and fill in some formalities. 

1. Go to the website and click on the bike loan calculator to know your monthly EMI, and then click, apply

2. Fill the application form, which includes your name, email address, and phone number. 

3. Verify your mobile number with the OTP you receive 

4. Choose your preferred brand of scooter or bike, click continue 

5. Select your current state, click continue 

6. Select your district, click continue 

7. Fill in your income details and the loan amount you need 

8. Mention your gender and date of birth and then tick the box to accept the privacy policy. 

9. A reference number will be sent to your registered mobile number. You can use that to follow up in the future. 

A customer care representative from Muthoot Captial Service Limited will contact you to complete your application. 

So, choose Muthoot Capital and enjoy an easy and convenient way to get two wheelers loan with the lowest two wheeler loan interest rate and flexible repayment options.