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{"id":2911,"date":"2021-01-20T13:38:01","date_gmt":"2021-01-20T13:38:01","guid":{"rendered":"https:\/\/dailyonoff.com\/?p=2911"},"modified":"2023-07-20T14:26:59","modified_gmt":"2023-07-20T14:26:59","slug":"how-to-get-an-instant-approval-on-bike-loan-online","status":"publish","type":"post","link":"https:\/\/dailyonoff.com\/how-to-get-an-instant-approval-on-bike-loan-online\/","title":{"rendered":"How To Get An Instant Approval On Bike Loan Online"},"content":{"rendered":"

How To Get An Instant Approval On Bike Loan Online<\/strong><\/h2>\n

Two-wheelers have become the most comfortable means of commuting. They have also become the need of an hour. There are several reasons for Indian customers to buy two-wheelers. In the prevailing pandemic situation, people prefer buying a bike instead of traveling in city buses or autos due to safety concerns. Therefore, the two-wheeler is the best option for people with limited budgets.<\/p>\n

Are you worrying about your favorite bike\u2019s price? No worries! You can now get a bike loan online with easy repayment options and flexible tenures. Therefore, you need not compromise with your favorite bike. Getting a two-wheeler loan has become effortless due to digitalization and growing competition in the market. Many lenders offer online loans at flexible interest rates.<\/p>\n

To get a two-wheeler loan approval instantly, customers should fulfill the eligibility criteria and other loan terms specified by the lender:<\/p>\n

Two-Wheeler Loan Eligibility<\/strong><\/h3>\n

There are some specific eligibility criteria to be fulfilled for approval of a two-wheeler loan. You must fit into the eligibility criteria to avail of the bike loan. The eligibility criteria may vary from lender to lender. However, here are some of the common criteria that two-wheeler loan customers should meet:<\/p>\n

    \n
  1. Applicants applying for a loan should be aged between 18 and 65 years.<\/li>\n
  2. A loan requires residential stability. Therefore, applicants must be residing in the same house or flat for a minimum of one year.<\/li>\n
  3. You must possess a good credit score.<\/li>\n
  4. Applicants should possess all official documents for the KYC process and a permanent telephone number.<\/li>\n
  5. You must have a stable job for a minimum of one year or be self-employed with two-year IT returns.<\/li>\n<\/ol>\n

    With the surge in demand for two-wheeler loans in the market, several lenders, financial companies, and banks offer the bike loan at feasible interest rates.<\/p>\n

    How To Apply For A Bike Loan Online for Quick Processing?<\/strong><\/h3>\n

    Make your dream of buying your favorite bike true by applying for a two-wheeler loan online. Below are the steps to be followed while applying for a two-wheeler loan online and seeking quick approval:<\/p>\n