Two Wheeler loan finance your ride - PowerPoint PPT Presentation
Title:
Two Wheeler loan finance your ride
Description:
A two-wheeler loan is a type of financing option that allows individuals to purchase a two-wheeler vehicle, such as a motorcycle or scooter, without paying the full cost upfront. The loan is secured against the two-wheeler itself, meaning that the vehicle serves as collateral until the loan is fully repaid. Two-wheeler loans are typically provided by banks, financial institutions, and non-banking financial companies (NBFCs). – PowerPoint PPT presentation
Number of Views:6
Title: Two Wheeler loan finance your ride
1
Hero FinCorp
01
Two-Wheeler Loans Financing Your Ride
2
A two-wheeler loan is a type of loan that allows
you to finance the purchase of a motorcycle,
scooter, or other two-wheeled vehicle
Similar to a car loan, but for two- wheelers
What is a Two- Wheeler Loan?
3
Credit score
What Factors Affect Your Eligibility for a
Two- Wheeler Loan?
Income
Debt-to-income ratio
Employment history
Age and type of vehicle
4
How Are Two- Wheeler Loan Interest Rates
Determined?
Two-wheeler loan interest rates may vary
depending on the lender and your
creditworthiness
Other factors that can affect the interest rate
include the loan term, down payment, and the
age and condition of the vehicle
5
Lower purchase price than a car
What Are the Benefits of a Two-Wheeler Loan?
Potentially lower monthly payments than a car
loan Can finance a reliable vehicle at a lower
cost Easier to navigate through traffic and
find parking
6
Thank You
