Bike loan interest rate determines your EMI for a bike loan. A high interest rate leads to high EMI payments and vice versa. Hence, an affordable and reasonable interest rate is what you should aim for. Bike insurance can be of two types ? comprehensive and third party. The former covers damages to both parties involved in an accident, whereas the third-party covers damages to the other party only. Your insurance premium rates will depend upon the model and age of your bike, the geographic location, and other related factors.
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