Two Wheeler Loan Interest Rates and Charges

The interest rate for your Two-Wheeler Vehicle Loan is the rate of interest you pay on the principal amount for a selected tenure. TVS Credit offers affordable interest rates for your Two-Wheeler Loan

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How to Reduce the Two-Wheeler Loan interest rate?

Owning a new bike is a proud moment for anybody. It brings a sense of comfort and independence. Opting for bike loans eases the financial burden and helps you get your dream bike on your own terms. One of the biggest concerns for most buyers opting for a Two-Wheeler Loan is the interest rate. Here are a few factors that affect bike loan interest rates.

Net income
Employment stability
Credit Score
Repayment History
Downpayment
Other Debts

Ensure you get the best bike loan offer before you consider getting a bike loan. Here are a few simple steps to follow to get the lowest Two-Wheeler Vehicle Loan interest rate:

Improve your credit score

For getting the lowest possible interest rate, your credit score plays a major role. Make sure you maintain a healthy credit score before you apply for a bike loan. This can be achieved by paying your existing EMIs on time and ensuring that there are no overdue.

Select shorter tenure

The duration in which you repay the loan amount of your bike loan along with the calculated interest is known as tenure. If you opt for a shorter tenure, it reduces the interest rate as the risk for the lender also reduces.

Pay a higher down payment

Making a higher down payment reduces the principal amount which as a result reduces the interest rate. Though it may take a large share of your savings, it will help you reduce the monthly repayment amount. You can also get your bike fully financed from TVS Credit’s variety of schemes with loan tenure up to 60 months & affordable rates of Interest.

Check your debt-income ratio

The debt-to-income ratio is critical in determining loan amount eligibility. The bike you desire may need a certain amount to fund it. You can reduce the ratio by repaying existing loans and credit card debts before applying for a Two-Wheeler Loan. A lower debt-to-income ratio helps in getting better Two-Wheeler Loan interest rates.

How to Calculate a Two-Wheeler Loan Interest Amount?

Calculating your interest amount is easy with the TVS Credit Two-Wheeler Loan EMI calculator. It helps you get a fair estimate of the interest amount in advance so that you can plan your finances better. By using the bike loan calculator, you can vary the loan amount, rate of interest, and tenure, to get an idea about the interest amount.

Want to use the Two-Wheeler Vehicle Loan EMI calculator? Keep these details handy to instantly calculate the interest amount:

Loan amount

Interest rate

Repayment tenure

Use these Simple Steps to Calculate Your EMI Amount

STEP 01

Select the bike variant and state

Select the variant (the two-wheeler you are planning to buy) and the state in which you will register the bike.

STEP 02

Enter details

Provide the relevant details or use the slider to set the loan amount, interest rate, and repayment tenure.

STEP 03

View results

Check the monthly Loan EMI in the result section and re-enter the details as per your desired output.

Things to Consider Other than the Interest Rate

Processing fee

To process your Loan application, you need to pay a one-time processing fee to the lender. Make sure you choose a lender that provides a fair processing fee to balance your overall loan cost.

Eligibility criteria

Make sure that you are eligible to get a Two-Wheeler Loan before applying to enjoy a smooth Loan process.

Applicable charges

Ensure that you thoroughly check all the terms and conditions mentioned in the documents. Make a note of all the applicable charges for a transparent Loan processing.

Disbursal time

The time taken by the lender to pay the Loan amount to the customer post approval is called disbursal time. Compare the amount of time it would take for the lender to disburse and select the right lender according to your purchase plan.

Offers and discounts

It is a good idea to keep a tab on offers and discounts before applying for a Loan so that you can get the best deal. It may help you get a bike loan on low-interest rate, preferential offers, or attractive repayment options.

Reasons to Consider TVS Credit for Two-Wheeler Loans

At TVS Credit, we prioritise customer convenience, trust, and happiness. Right from checking eligibility to making sure you proudly own your bike, we ensure our support at every step. Here are some of the reasons why you must consider availing your bike loan from TVS Credit.

Loan approval in just 2 minutes
Affordable monthly EMIs
Hassle-free documentation process
Up to 95% funding of your bike
Online EMI calculator to plan your budget
Transparent pricing policy
Loan approval without any guarantor
Complete assistance throughout the process
Variety of schemes with loan tenure up to 60 months & affordable rate of Interest

Frequently Asked Questions

What are the benefits of Two Wheeler Loans?

Here are a few reasons to opt for a Two-Wheeler Vehicle Loan::

Easy way to finance your Two-Wheeler: In just a few easy steps, you can purchase your dream bike.
Comfort and independence: Get your commuting needs sorted with a two-wheeler.
No need to use up your savings: Two-Wheeler Loan gives you financial independence and ensures that you don’t have to use all of your savings. With proper planning, you can repay the loan amount at your convenience and keep the savings untouched. You can even opt for a variety of schemes with loan tenure up to 60 months & affordable rate of Interest on Two Wheeler Loan.

Learn more about the features and benefits of a Two-Wheeler Loan.

What is the maximum tenure available for a Two Wheeler Loan?

At TVS Credit, the loan tenure to avail Two-Wheeler Loan ranges from 12 to 60 months. Learn more about the features and benefits of a Two-Wheeler Loan.

How is the Two Wheeler Loan interest rate calculated?

To calculate the Two-Wheeler Loan interest rate, you must have the following information available:

Loan amount
Interest rate
Bike model details
Repayment tenure

Once you have this information, you can use the TVS Credit Two-Wheeler Loan EMI calculator to get an estimate of your EMIs.

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Make every ride an adventure with our Two Wheeler Loans