Unsecured personal loans can be availed to buy a new motorcycle or scooter. This type of personal loan is known as a two-wheeler loan. Be it upgrading to a new motorcycle or buying a second-hand scooter, borrowers can approach Finnable and avail a two-wheeler loan online, quickly and easily.
Travelling for a short distance or a longer commute, travelling by public transport may not always be a feasible option. So instead of fretting about the travel options, owning a two-wheeler can be the optimum solution.At Finnable, we understand this, which is why we offer loans for two-wheelers. Interested borrowers can apply for instant bike loan and get the funds within 24 hours of loan approval and verification of documents.
Today, having your own two-wheeled vehicle makes it much easier to move quickly amid busy streets. With all the additional time you will have, you can accomplish more work, travel farther, and be more productive. A two-wheeler loan is a form of financial aid regardless of how you intend to use the scooter or a bike that you will purchase. You can buy a two-wheeler of your choice at low-interest rates with EMIs (Equated Monthly Installments) that is to be paid monthly. The loan can be repaid at affordable rates. If you choose Finnable for this loan, then the tenure for the loan will be from 6 to 60 months. A two wheeler loan from Finnable enables you to realize your desire of buying a second-hand scooter or a brand-new motorcycle at strikingly-low interest rates. With features like a 100% digital application process, hassle-free experience, and loan amounts of up to Rs 10 lakh, getting the two-wheeler of your dreams is that easy!
A two wheeler loan EMI calculator is an online instrument that controls the precise EMI amount due on your loan. This EMI calculator can be used to determine the amount of the monthly installment for loans with different loan amounts, terms, and interest rates. While applying for an instant loan, a two wheeler loan EMI calculator is essential. When the loan balance has been deposited into your account, it gives you a good idea of the EMI amount you will have to pay. With the help of this calculator, you will have an idea of your EMI amount. So, it can assist in creating a monthly budget and being aware of your expected cash flow.
The principal loan amounts, the rate of interest, and the length of the loan payback period are used by the two wheeler loan EMI calculator to calculate the EMI amount. You, the user/borrower, must enter these values in the calculator’s designated fields or tabs before pressing the eligibility criteria option. The calculator produces the results right away after you enter the numbers.
Additionally, you can change the values until you find an EMI amount that meets your monthly spending plan.
In the “Loan Amount” field of the EMI calculator, enter the value of the two wheeler or the required loan amount. Before entering the amount figure, don’t forget to subtract the amount of the down payment you are planning to make. The most you may enter is Rs 10 lakhs.
The two wheeler loan interest rate ranges from 16% to 28%. It is mainly decided on the basis of the income of the customer, their occupation, and their credit history. With the help of a two wheeler loan interest rate calculator, you can determine the best interest rate.
Choose accordingly to ensure you can make the EMI payments timely. Finnable is proud to announce that we are the first in this industry to offer our borrowers rewards for on-time payments.
Borrowers must provide the following documents in order to apply for two wheeler loan online:
However, when completing the online form, make sure to include all the information and attach all the necessary files. Finnable will verify these documents, and after the verification process is complete, the funds will then be released. Once the loan application and verification process are done, get the loan amount transferred to your bank account as early as 2 hours.
You can apply for a two wheeler loan online with us. It is a quick and easy process.
Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.
Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.
Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.
Please write to your personal loan assistant at email@example.com for any support. We aim to provide you a seamless and hassle-free experience.
Apply for personal loan with minimum documentation and get high loan amounts of up to Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.
Personal loans can be used for multiple purposes- to fulfil your desires or meet urgent financial needs. This is why we bring you a range of products to suit your needs and desires.
Finnable offers two-wheeler loan finances at an attractive interest rate. The entire process of availing an instant loan online from Finnable is quick and easy. You need not visit any branch or office either. Borrowers can apply and receive a two-wheeler loan online.
At the time of application of the loan for a two-wheeler, the borrower must:
Be employed in an LLP, private or public limited organization
To apply for bike loan online, borrowers will need to furnish a few documents:
To calculate the EMI for a bike loan, the borrower will need to determine the amount required and the loan term. The bike loan interest rate will be fixed by the lender. Based on this, the EMI will be calculated.
Before availing a two-wheeler finance, the borrower should use the bike loan EMI calculator.
The EMI calculation for a two-wheeler loan is simple. The borrower will need to know the principal loan amount, the tenure of the loan, and the two-wheeler loan interest rate. Based on this, they can find out the EMI amount to be paid.
The process to apply for a two-wheeler loan online is simple and easy. All you need to do is follow these 4 simple steps:
The funds for the 2-wheeler loan will be credited directly to your account.
The loan term for bike loans from Finnable ranges between 6 to 60 months.
Borrowers can avail a Bike or Scooty loan of up to Rs 10 lakhs.
An employed person with at least 6 months of working experience and working for a private/public company or LLP for 3 months can apply for this loan. The borrower’s salary needs to be more than Rs 12,000 which is credited to the borrower’s bank account every month.
With the approval of the borrower’s application through a secure connection, the app/website transfers the shared data to the lenders. Thus, it is a trustworthy and safe app to use to apply for and receive an immediate two wheeler loan. Finnable is registered under RBI and have received an NBFC license.
The main factors that affect a two wheeler loan are as follows:Income: In order to be considered for a two wheeler loan, most lenders have a minimum income requirement. The applicant's likelihood of not repaying the loan decreases as their income increases. Users can receive a cheaper interest rate if their income is higher.Type of Employment: Depending on whether the applicant is self-employed or employed by a company, financial institutions provide varying two wheeler loan interest rates. The loans will be made available to salaried applicants at a cheaper interest rate than those who are self-employed.Credit History: The applicant's credit score is one of the key variables that affect the interest rate on a two wheeler loan. A lower rate of interest might be available to you if your credit is good, and a higher interest rate would be applied if your credit is bad. You can check out your current credit score on Finnable.
Unsecured loans typically carry a significant level of risk for the lender. Proper documents demonstrate to the lender that you will be a dependable borrower with the resources to pay back the loan fast within the length of the loan term. Thus, the documents that are required to apply for the loan are PAN and Aadhar Cards, a bank statement of the salary account, and 1 month’s salary slip when you choose Finnable.
Finnable provides a loan of up to rupees 10 lakhs on a two wheeler loan. With only a few clicks and a simple online application process, anybody can rapidly apply for two wheeler loan and have the funds sent into their account in as little as two hours after verification.
The ideal option to finance your upcoming two-wheeler without using up your funds is with a two wheeler loan. The key features of a two wheeler loan with Finnable are as followed
So, what are you waiting for? Get a two wheeler loan online for your first-hand/second-hand two wheeler of choice today with Finnable!
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Finnable is a personal loan app developed by Finnable Technologies Private Limited, which is a subsidiary of Finnable Credit Private Limited, a RBI licensed NBFC.
Example of Personal Loan for Salaried Professionals✓ Loan Amount from ₹50,000 to ₹10,00,000✓ Repayment period (loan tenor) options vary from 6 to 60 months ✓ Annual Interest Rate (APR) is 16% to 26% (on a reducing balance basis) + processing fees of 3 to 4% on the principal loan amount ✓ For Example – a loan of ₹1,00,000 with an APR of 16% (on a reducing balance basis), repayment tenure of 12 months, processing fee of 3%. The processing fee will be ₹3,000 + ₹540 GST with monthly EMI will be ₹9,394. The total loan amount will be ₹1,03,540. Total interest payable over 12 months will be ₹9,191. Total loan repayment amount is ₹103540 + ₹9191 = ₹1,12,731 *These numbers are for representation only and the final interest rate or processing fee may vary from one borrower to another depending on his/her credit assessment.✓ Loan Prepayment Charges: 3 to 6% charge + 18% GST on the remaining principal amount (allowed after 6 EMI payments)Why is Finnable the best personal loan app?Instant Loans within 48 hours: Gone are the days when you had to wait weeks & months to get a loan approved.Completely Digital/Paperless: Finnable instant loan app offers a complete digital service to help save time as well as paper!
Contact Us: Drop us an email: firstname.lastname@example.orgAddress: IndiQube Lakeside, 4th Floor Municipal No. 80/2 Wing A, Bellandur Village Varthur, Hobli, Bengaluru, Karnataka 560103
Responsible LendingFinnable has partnered with RBI authorised & regulated NBFCs/Financial Institutions.Our policies and services are fully regulated and legally compliant.
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Finnable is one of the fastest growing financial technology (Fintech) start-up with an NBFC license from RBI providing hassle free loans. Our mission is to make Personal loans available in less than 24 hours
Example of Personal Loan for Salaried Professionals✓ Loan Amount from ₹50,000 to ₹10,00,000✓ Repayment period (loan tenor) options vary from 6 to 60 months ✓ Annual Interest Rate (APR) is 16% to 26% (on a reducing balance basis) + processing fees of 3 to 4% on the principal loan amount ✓ For Example – a loan of ₹1,00,000 with an APR of 16% (on a reducing balance basis), repayment tenure of 12 months, processing fee of 3%. The processing fee will be ₹3,000 + ₹540 GST with monthly EMI will be ₹9,394. The total loan amount will be ₹1,03,540. Total interest payable over 12 months will be ₹9,191. Total loan repayment amount is ₹103540 + ₹9191 = ₹1,12,731 *These numbers are for representation only and the final interest rate or processing fee may vary from one borrower to another depending on his/her credit assessment.✓ Loan Prepayment Charges: 3 to 6% charge + 18% GST on the remaining principal amount (allowed after 6 EMI payments)Why is Finnable the best personal loan app?Instant Loans within 48 hours: Gone are the days when you had to wait weeks & months to get a loan approved.Completely Digital/Paperless: Finnable instant loan app offers a complete digital service to help save time as well as paper!Why is Finnable the best personal loan app?Instant Loans within 48 hours: Gone are the days when you had to wait weeks & months to get a loan approved.Completely Digital/Paperless: Finnable instant loan app offers a complete digital service to help save time as well as paper!CIBIL Score Not Required for Taking a Loan: Unlike other personal loan apps online, you can take a loan even without an existing CIBIL ScoreNo Hidden Charges: A key feature that makes Finnable one of the best loan apps available is transparency. There are no hidden charges whatsoever, making the entire process a smooth one.Finnable instant loan app offers a wide range of EMI plans. You can also use our personal loan EMI calculator to help you choose the perfect plan.Loan Eligibility Criteria for Salaried Individuals (No Blue-Collar Employees)•The net in-hand salary of the individual has to be ₹25k and above in metros or ₹15k and above in tier 2 & other cities•He/she should have worked for more than six months•First-time borrowers need to have a Finnable score of 650•The individual should have valid Aadhaar, Pan & Address proof•Finnable Loan is currently available in 23 citiesHow to Apply for Instant Personal Loans Online?• Register with OTP• Ensure that you have the documents listed on the Web/App• Provide details of amount required, net monthly salary & any other EMIs• Do KYC & profile setup• Validate address with pin code verification• Select amount & tenure• Provide bank details
APR ChargesThe APR (Annual Percentage Rate) charges differ from person to person as it considers the different products availed and the risk profile of the customer. However, it generally ranges between 16%-26%.
Contact Us: Drop us an email: email@example.comAddress: IndiQube Lakeside, 4th Floor Municipal No. 80/2 Wing A, Bellandur Village Varthur, Hobli, Bengaluru, Karnataka 560103Responsible LendingFinnable has partnered with RBI authorised & regulated NBFCs/Financial Institutions.Our policies and services are fully regulated and legally compliant.
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