Personal mobility has increased a lot during COVID-19. People are not wanting to travel in public vehicles to avoid infection. In such a situation, the sale of T-wheeler has increased. There has also been an increase in the price of two-wheelers in the recent times, so the demand for loans for this has also increased. If you also want to take a loan for two wheeler, then it is important to know where the cheapest loan is available. Almost every bank gives auto loan. Therefore, before taking a loan, one should know about the loan rates of different banks.
It is necessary to check the rate before taking a loan
The interest rate, processing fee, loan repayment tenure and loan to value and other charges should also be considered while comparing loan rates. While taking a loan, it should also be seen that how much loan you are getting and how much downpayment will have to be made. However, before applying for a two-wheeler loan, make sure that you have a credit score of 750 or above. A healthy credit score can help you get a quick and cheap loan. At present, the lowest rate of two-wheeler loan is 6.85 percent, which Bank of India is offering. While applying for the loan, you will have to provide documents related to age, income, identity.
Avoid these mistakes while buying a term insurance plan, the family will get full benefit of insurance
Know here, where is the cheapest loan available
BankBazaar.com (Bankbazaar.com) regularly publishes the comparative rates of auto loans. Here we are giving this list. You can compare these rates through this. Although these rates have been taken from the official website of the bank, still there may be some difference in them. The loan rates also depend on the age of the customer, income, credit score and financial requirement of the lending bank or financial institution. Here is the table of interest rate of Rs 1 lakh in three years. On this basis, you can decide where to take a two-wheeler loan.
(These rates are taken from the official website of the bank, however, there may be some variation. The loan rates also depend on the age of the customer, income, credit score and financial requirement of the lending bank or financial institution)
Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.