What are the Benefits of Applying Bike Loan with Muthoot Capital?

Last Modified: 25-November-2022


A bike is a man’s best friend as it helps him flee from the long traffic jams and gives him the ultimate traveling experience. Unlike other vehicles, bikes have been the most adequate transportation option.

Bikes are best for urban employees as they provide convenient and cheap transport. Is lack of money keeping you from buying your dream bike? If yes, then Muthoot Capital is here to make your dreams come true. Get bike loans at the lowest EMI and interest rates. Go for a bike loan, apply online and get your dream bike with a 100% loan amount. Take a look at the benefits listed below before you apply for a bike loan online.

1. Flexible Repayment

Take a loan without stressing over the repayment. Muthoot Capital provides the option of flexible repayment of as long as 48 months. Long tenures help you repay the loan in shooter EMI’s so that you don’t feel stressed. The repayment tenure can be anywhere between 12 to 60 months, depending on the person’s EMI for a stress-free repayment. However, the longer the tenure, the higher the interest is charged, so select your tenure smartly as per your financial situation.

2. Attractive Interest Rates

One of the most incredible benefits of taking bike finance from Muthoot Capital is its most attractive interest rates. The interest rates start from 0.99% per annum; however, factors like vehicle model, nature of employment and repayment capacity affects the interest rates applied on the amount.

3. Hassle-free Quick Approval

Applying for the loan is hassle-free as it is entirely online. The loan is also sanctioned within a day after verifying the documents. All you need to do is to fill the application form, submit the documents and get your bike loan approved within a day without wasting energy by standing in long lines.

4. Least Documentations

While you apply for a bike loan, you only need to submit minimal documents. The paperwork is kept to a minimum for a better borrowing experience. The documents asked for include identity proof, residence proof and income proof.

Also Read- Best Way to Buy a Bike on EMI

5. Up to 100% Loan Schemes

You can avail of up to 100% of the loan scheme for some bike models. Depending on the model of your bike and the scheme selected, you can get loans up to 100%. The loan amount eligibility depends on the borrowers’ income, dream bike models, and credit scores.

6. Low Down Payment

Before you apply for a bike loan online, you must know the down payment required. With 100% financing, the down payment required by Muthoot Capital is zero. And if necessary, as per your eligibility, the down payment charged by Muthoot Capital is low. The bike loan schemes are also designed to suit the customer’s financial requirements.

7. No Income Proof Required

Muthoot Capital provides loans on three bases- income base, no income base and asset proof base. A borrower can choose to go for any of these while filling out the two-wheeler loan application form. The services availed by various bases differ from one another. However, you can take the bike finance without providing any income proof.

Now that you know all the benefits of going for a bike loan, fill out the online application today! You can also choose to calculate your eligibility and loan EMI beforehand to be prepared for future challenges. You must schedule your expenses accordingly not to strain your pocket and keep the loan manageable.

Muthoot Capital provides bike finance for salaried and self-employed individuals 18-65 years old. It allows for the lowest two-wheeler EMI and interest rates as low as 0.99%. The process of applying for a bike loan is easy, and you must use the EMI calculators online to help you decide on a comfortable loan structure.

About Author
Muthoot Capital Services Limited is one of India's most progressive financial companies. It is the part of Muthoot Pappachan Group which carries a legacy & trust of more than 133 years.
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