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
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Vehicle > Simple Tips to Get Your Two-Wheeler Loan Application Accepted in One Go

Loan for Vehicle

Simple Tips to Get Your Two-Wheeler Loan Application Accepted in One Go

Simple Tips to Get Your Two-Wheeler Loan Application Accepted in One Go

From flashy superbikes to convenient scooters, two-wheelers have quickly become the number 1 choice of vehicle for the busy Indian roads. As a result, many lenders now provide easy loans at a reduced bike loan interest rate and a simple online application process.

So, if you are looking for easy bike finance, instant two-wheeler loans are only a click away.

But irrespective of how easy the two-wheeler loan applicationprocess has become; approval comes only with due process. Want to obtain a loan without any hassles?Make sure you follow the tips mentioned below.

#1 Check out the eligibility criteria

Firstly, you should check out the two-wheeler loan eligibility criteria with the desired lender to see if you fit their ideal borrower profile or not.

While these criteria usually defer for different financial institutions, the standard eligibility conditions remain the same (for both salaried and self-employed borrowers). These include –

  • Applicant must be between 21-60 years old
  • Stable employment status for at least one year
  • A minimum of one-year residential stability

So, if you want to secure a quick bike loan, apply with a lender only if you satisfy all the conditions. Also, make sure your credit report demonstrates a favourable repayment capacity to help you obtain the required funds more swiftly.

Additional Read: The Ideal Tenure For Your Two-Wheeler Loan

#2 Fill the application form correctly

Your application form details will help the lender determine your creditworthiness, so make sure you fill the bike loan form duly. Also, keep an eye out for erroneous information to avoid any mistakes and secure loan approval instantly.

#3 Prepare documents in advance

Once you prepare the documents in advance, you can eliminate many hassles common during the document verification process. Provisions for alternate paperwork will also be helpful in case you misplace a crucial document.

Best to approach your desired financial institution and enquire about the necessary documents before you apply. Lenders usually provide a ready documents' checklist to ease the loan process for the applicants.

Lenders may ask you to furnish documents such as –

  • KYC documents (Passport, PAN card, Aadhar card, etc.)
  • Latest ITRs/salary slips
  • Last three months' bank statements
  • Residence ownership proof (optional)

#4 Use a two-wheeler loan EMI calculator

Before you quote a loan sum, always use a loan EMI calculator to estimate the EMI costs you are likely to incur based on factors like the two-wheeler loan interest rate, tenure, and loan amount. This way, you can easily avoid overborrowing. And only borrow a two-wheeler loanamount which matches your repayment capacity.

Additional Read: How to calculate two wheeler loan EMI?

To sum up

Once you follow the tips mentioned above, your application process will undoubtedly be seamless. But in any case, you should always consider a reputed lender to enjoy a smooth loan sanction.

If you want to buy a two-wheeler but lack sufficient funds, rely on Tata Capital to avail quick and easy loans at competitive two-wheeler loan interest rates and finance your favourite bike without difficulty.

Not sure how much to borrow? Don’t fret, simply use our online bike loan EMI calculatortocalculate a reasonable sum based on your desired loan terms.

So, why wait? Take your two-wheeler pick and connect with us today!

Apply Now
Disclaimer

Leave a Reply

Your email address will not be published. Required fields are marked *

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

Important Information

Investor Information

Visit us on:,Visit us on: www.tatacapitalmoneyfy.com,www.tatacapitalmoneyfy.com

Our Private Equity Funds

Amalgamated Companies

Top Branches

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.