Have you been yearning for that adrenaline rush when you look at one of those stunning adventure bikes on the road? If you are a bike enthusiast, you may already have noted a few bike models that you would like to own. Well, if the steep price of the bike is what keeps you from buying one then consider the simple financing option of a two-wheeler loan. Today, instead of a long application process offline, you can simply book your adventure bike online on Bajaj Mall to initiate the Bajaj Finserv Two-wheeler Loan process. In this article, let us look at the features of the best two wheeler loans and the importance of a two wheeler loan calculator. If you haven’t decided on an adventure bike yet, we have listed a few top adventure bikes for you to explore.
Two-wheeler loan overview
We have several expenses planned every month as per our income. And then there may be unexpected expenses too. You may want to purchase a two-wheeler, which can be an adventure bike or a scooter. However, paying the entire amount upfront to make the purchase may not be easy always. A two-wheeler loan helps to purchase your bike or scooter on affordable EMIs.
What to look for in a two-wheeler loan
Here are a few features to look for when you are planning to apply for one of the best two wheeler loans:
- Loan amount: Check the two-wheeler loan amount that you are eligible for to plan the budget for your adventure bike. Bajaj Finance offers loans of up to Rs. 21 lakh for the purchase of a new bike or scooter.
- Down payment: Depending on your eligibility for the loan, you may get a maximum loan amount. Once you get the loan offer, you can decide on the down payment for the two-wheeler loan. The higher the down payment you make, the lower the loan amount you go for. Bajaj Finance offers up to 100% of on-road funding for a bike or scooter, which means there is a possibility of booking the vehicle without any down payment. Again, this depends on your eligibility for the two-wheeler loan.
- Tenure: The loan tenure varies from lender to lender. Bajaj Finance offers two-wheeler loans with a maximum tenure of up to 72 months or 6 years.
- Eligibility and documentation: When you are seeking a two-wheeler loan, you need to meet the basic eligibility criteria and share a few documents. These requirements vary from lender to lender. Minimal documentation is also one of the reasons that makes a Bajaj Finserv Two-wheeler Loan one of the best two wheeler loan solutions.
- Process: You need to check if the two-wheeler loan process is time-consuming or quick.
To get a two-wheeler loan from Bajaj Finance, you just need to book your adventure bike on EMI on Bajaj Mall. Once you do the online booking on Bajaj Mall, a Bajaj Finance representative will quickly reach out to help you finalise the two-wheeler loan process. This saves time and the approval and disbursal process is swift. This way, you do not have to wait for a loan application to be approved, then book the bike, and then wait again. Most of the process is online, you just book the bike online and complete the process at the nearest partner showroom, where you will get details of the delivery of the bike as well.
Importance of the two-wheeler loan EMI calculator
When you decide to finance your adventure bike with a two-wheeler loan, you can use a two wheeler loan calculator to get a view of loan EMIs. The two wheeler loan EMI calculator is a simple online tool, wherein you need to input some data to get the results.
Say, for example, you plan to take a two wheeler loan and repay it in 24 months. In the EMI calculator tool, choose 24 months as the loan tenure, enter the principal loan amount, the down payment amount, and select the interest rate. The tool will do the necessary calculation and show you the total loan amount to be repaid, the EMI per month, and the repayment schedule. You can change the input as many times as you want to get an idea of how the EMI changes depending on the change in loan amount, the interest rate, and the repayment tenure.
Another important point to note here is that there will be fees and charges that are part of a two-wheeler loan. You need to go through these interest rates and charges to understand the overall cost of your loan.
Now, let us look at some of the top adventure bikes that you can consider buying.
Top adventure bikes in India
From the Royal Enfield Himalayan 450 to the Suzuki V-Storm SX, there are ample attractive bikes for adventure enthusiasts in the Indian two-wheeler market. Here are some of the top adventure bikes:
- Royal Enfield Himalayan 450
A powerful 452c adventure tourer bike with 40.02 PS power and 40 Nm torque, from the beloved Royal Enfield range.
- Yezdi Adventure
This one is a 334cc bike with a maximum power of 30.30 PS and a maximum torque of 29.84 Nm.
- Suzuki V-Strom SX
A 249cc bike with 26.5 PS power and 22.2 Nm torque. EMIs starting from Rs., 4,108 per month in Delhi for the Suzuki V-Strom SX STD (Pearl Blaze Orange) on Bajaj Mall.
- KTM 390 Adventure
In this bike, you find a 373cc engine with 43.5 PS of maximum power and 37 Nm of maximum torque. The KTM Adventure is one of the best bikes in the adventure tourer series with an agile design and features such as Quickshifter+ and Cornering ABS.
- Hero Xpulse 200 4V
The Hero Xpulse 200 4V is a 199.6cc, ideal for adventures, and comes with a BS6 engine. It has a 18.9 BHP power and a torque of 17.35 Nm. EMIs starting from Rs. 3,028 per month for the Hero Xpulse 200 4V Pro (Rally Edition White) on Bajaj Mall.
Adventure bikes are designed with features to ensure great control and safety to help you ride smoothly on challenging roads no matter where your journey takes you. And, getting the best two wheeler loan is easy now-a-days. You can visit the Bajaj Mall website or log in to the Bajaj Finserv App to book your adventure bikes and get a two-wheeler loan with simple online processes. So, go on, get your new bike and start heading out for exhilarating adventures with your new companion.
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