Understanding Two Wheeler Loans How to Get the Best Deal

Rubityagi06 Jan, 2025Business

A two wheeler loan allows you to borrow money from a financial institution, typically a bank or a non-banking financial company (NBFC), to buy a motorcycle or scooter. The loan is repaid over a period of time with interest. The tenure of such loans can vary, usually ranging from 12 months to 60 months, depending on the lender and the borrower’s preference. By opting for a Two Wheeler loan, individuals can ease the burden of upfront payments and spread the cost of ownership over a manageable period.