Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply

Quick Links for loans

Quick Links for Insurance

Investment

Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Back

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients
Know More
Back

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Vehicle > Advantages of Availing a Bike Loan Over Cash Payment for Two-Wheeler

Loan for Vehicle

Advantages of Availing a Bike Loan Over Cash Payment for Two-Wheeler

Advantages of Availing a Bike Loan Over Cash Payment for Two-Wheeler

Have your heart set on purchasing your favourite bike? Now you have two ways to go about it: Pay cash or opt for a loan. If you have enough savings for a bike, you will probably prefer to pay cash.

But what if you want to own a bike that is a little over your budget? Well, if you find any issues with self-financing, it is best to opt for a cash loan against bikeand not let money be a barrier.Today, many financial institutions offer affordable bike loans at attractive two-wheeler loan interest rates to help you fulfill your dream.

Let’s see how opting for a loan can be a viable option for you.

Less financial burden

Purchasing a two-wheeler in cash can burden your finances and you might end up draining your savings. Moreover, even if you have enough to afford a new bike, a loan is a more comfortable option as it allows for better budgeting. You can easily spend a little each month to clear off the loan. And not just that. You can also choose flexible repayment tenure as per your affordability.

This way, a bike loan not only helps you with a shortage of cash but also ensures your other monthly expenses aren’t affected.

Additional Read: Advantages of Availing A Two-Wheeler Loan

Easy to avail

When it comes to taking a bike loan over cash, most people might avoid it, believing that it could be a complicated process. But fortunately, it is not. Today, getting a bike loan is fairly quick and easy as most banks offer a simple online application process and easy-to-meet eligibility criteria. Further, you only need minimal documentation and you can enjoy faster disbursal to receive your funds in no time!

Improved credit score

Maintaining a healthy credit score is crucial if you wish to apply for a bigger loan in the future. Since two-wheeler loan come with comparatively lower interest rates, it becomes easy to repay the dues on time. This can help you improve your credit history and avail easy loan approvals later.

Get more choices

Loved a bike but the price exceeds your budget? Well, paying with cash can limit your budget options and preferences. So when you take a bike loan, there is no need to compromise on your dream bike as you get more options in terms of brands, models, and features with the financial support of a loan.

Enjoy additional offers

Today, many loan providers collaborate with bike dealers to offer you additional benefits on the purchase. These can include insurance cover, discounts, cashback, or even zero registration fee. You enjoy such attractive schemes, especially during or around the festive season, and take home your favourite bike!

Additional Read: Are There Any Benefits of Two-Wheeler Loans for Women?

In conclusion

Nowadays, availing a loan is a much more comfortable and convenient option where you can also enjoy a range of exciting benefits. If you are looking for one, Tata Capital is here to make your purchase more affordable than ever. Check out our bike loans available at flexible EMI options and extended tenure.

What’s more, an easy online application process and swift disbursal will help you finance your bike with ease. Plan your EMIs using our two-wheeler loan EMI calculator and get started today!

Apply Now

Your Smooth Ride Awaits: Take a Quick and Easy Vehicle Loans!

Apply now
Popular Searches
safest car in india car down payment pdi full form tax benefit on car loan pdi checklist best cng mileage car sedan cars under 10 lakhs what is adas top rated electric cars best sedan cars in india
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Useful Links and Resources

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.