How to Manage Funding for Two Wheeler Purchase?


Sonukholey

Uploaded on May 20, 2022

Category Business

Are you planning to purchase two wheeler and you don't know how to manage your funds, you can check out our presentation which will give you complete information. Visit:- https://www.bajajautofinance.com/blog/how-to-manage-funding-for-two-wheeler-purchase

Category Business

Comments

                     

How to Manage Funding for Two Wheeler Purchase?

How to Manage Funding for Two Wheeler Purchase ? Introduction Two wheelers are a blessing with this increasing traffic and busy roads. They support your budget and can easily fit through narrow spaces. It’s not a surprise Indians love two wheelers, but spending all your saving on a bike isn’t good financially. Here’s where you will check how to manage funding for Two Wheeler Purchas e? Selecting A Two-Wheeler If you are thinking of buying a bike of your dreams, then you must have a look at our list, select the bike of your choice and get it financed. You have to deposit an amount as a down payment. After that Bajaj Auto Finance will generate your Monthly EMI. Used or Fresh? What type of bike do you want to take? If you can’t decide whether you want to get a new bike or an old bike. Remember, if you want to use the bike for a long tour or for learning purpose, then you should go for a used bike, it will save you money but If you are willing to use bike for daily use and you are a good rider then you should buy a new bike. Make a Budget If you want to finance any bike for yourself, then you should first find out how much it cost. What will be your monthly installment, if you can pay back without affecting your budget. Use online loan calculator tool it will help you to decide the loan tenure and EMI. Please remember that even a two-wheeler loan typically lasts for 1-3 years, so make sure your budget accounts for it. Examine your Credit Score If you have a good credit score then you can get a loan with low interest rate and avail two wheeler loan easily. Your credit rating is an important factor determining your interest rate. A strong credit score is important for your financial health when applying for a two wheeler loan or any other types of loan. Prepare ahead of Time If you are planning to purchase a bike, then plan ahead to save money for this purpose. A two wheeler is a good mode of transportation and sometimes it is necessary to have one. Get In Touch BAJAJ FINANCE LTD, Yamuna Nagar Gate, Old Mumbai Pune, highway, Akurdi, Pune- 411035 (India) Website: www.bajajautofinance.com E-Mail: [email protected] /BaAutoFin /BajajAutoFin /company/878056