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Benefits of Choosing Two Wheeler Loan
Posted on Friday, January 15th, 2021 | By IndusInd Bank
A two-wheeler vehicle loan offers you several benefits to fulfill yourdream of having a vehicle. These loans are secure, accessible, and any personcan afford a two-wheeler loan.
We, IndusInd Bank understand your needs for the bike, and provide you several loan offers that allow you to buy any bike of your choice.
There are several benefits you can get while opting for a two-wheelervehicle loan.
- Saves your expenditures
A two-wheeler loan supports the expenditures, and you can pay small EMIamount for a fixed tenure. You can prepare the monthly repayment plansaccording to your budget and don’t have to pay an extensive amount. Whilepaying moderate amounts, you can save a lot for other expenses.
You can pay pocket-friendly EMI’s when you opt for a two-wheeler loan tobuy a new bike. You don’t have to compromise for your dream bike when youchoose a two-wheeler loan.
- Attractive interest rates
Interest rates have become very competing with increase in demand offinancial institutions in two wheeler market.
However, the interest rate may vary between customer to customer basedon their credit score and the relationship existing with the financialinstitutions. To apply for an InduInd Bank two wheeler Loan, clickhere.
Also, lenders very occasionally offer special discounts to attract thecustomer. Attractive interest rates give you a reason to opt for the bike youneed immediately.
- Improve your creditscore
Every lender prefers a customer with a credit score of over 750. If youare a new to credit customer, then you might not enjoy all the loan benefitsthat the customer with good credit score has got. Hence, it is important to notmiss any payment while repaying the loan.
It’s easy to improve your credit score with a two-wheeler loan as theloan amount is small and easy to repay.
Hence, two wheeler loan not only gives you the financial freedom, butalso the option to increase your credit score.
- Save tax anddepreciation
You can save a lot of amount you have to pay for the income tax. Thereare several tax benefits for self-employed people when they opt for atwo-wheeler loan for business purposes.
This helps you save a certain amount for insurance, maintenance, andother crucial things. You can deduct these things from your business’s profit,which will give you a tax-saving benefit while having a two-wheeler.
Conclusion
A two-wheelervehicle loan comes with several benefits, where theuser can enjoy multiple offers while having a bike. The loan process ishassle-free and allows the user to opt for the dream bike they want. The loanis safe, and anyone with complete documentation can apply for the loan to maketheir dream true.
Are you looking for a vehicle loan at lucrative interest rates? Turn to IndusInd Bank. Our documentation is minimal, and loan processing is quick and hassle-free. So, get in touch today!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
