Secure a Two-wheeler Loan Upto ₹4 Lakhs | CASHe
Secure a two-wheeler loan and purchase a bike, new or second-hand. Today, whether it is a car or a scooter, an automobile is seen as a necessity and something of great convenience since you can travel anywhere and at any time.
Get a loanTwo-wheelers are preferred since they are easier to ride through traffic, are less costly, and maintenance is lower in comparison to cars. The problem arises when you realize you do not have the funds to purchase a car or a two-wheeler, brand new or second-hand.
Taking a loan may seem like a scary thought but during a time of financial need, it can prove to be the most helpful tool. One such loan is the two-wheeler loan which equips you with enough funds to purchase a two-wheeler (motorbike or a scooter). Getting a two-wheeler loan from CASHe is a sensible choice since you get to choose from various repayment plans for the two-wheeler loan, from 90 days to 540 days.
From the moment you download the app to when you get the loan approved, the entire process is so quick and smooth. You can apply for a two-wheeler loan on the go and without having to visit a bank.
You can borrow up to ₹4,00,000 on CASHe, so there really is no problem of falling short of funds. Having said that, you should only borrow what is absolutely necessary so that you can repay in time and without having to struggle further for funds.
The entire process for the bike loan is taking place online so all you have to do is upload all the necessary documents (that are legible and genuine) on the CASHe app and have them verified in order to get the loan approved.
Paying back the two-wheeler loan amount is no hassle either. CASHe offers EMI plans that range from 90 days to 540 days, making it very convenient and flexible for borrowers to repay the loan amount for the two-wheeler loan.
What are the requirements for a Two-wheeler loan?
Priyanka has been looking forward to purchasing a two-wheeler ever since she got her license. She was only earning ₹30,000 per month.
Though the plan was to purchase a second-hand two-wheeler, she was still finding it difficult to save much by the end of the month. Priyanka decided to secure a loan for the same.
After asking her colleagues about suitable personal loan platforms, she decided to use CASHe since she heard mostly positive reviews. She downloaded the app from the Play Store and set up her account, which only took a few minutes.
She went for the 270-day loan plan and borrowed ₹50,000. She was very happy about the process being easy enough to understand and was impressed with how quickly the loan amount was disbursed to her account.
CASHe offers a wide range of plans so that you can choose what is best for you.
The loan eligibility criteria for taking a personal loan for a new bike or a second-hand two-wheeler are simple and quick to avail. Start here by checking your two-wheeler loan eligibility:
What is the eligibility criteria for a two-wheeler loan?
Must be an Indian citizen
Must be at least 18 years of age
Must be a salaried professional
Must have monthly salary of ₹15,000 or more
Must have a Facebook or a Linkedin Account
What are the documents required for a two-wheeler loan?
Photo Identity Proof
(PAN Card)
Income Proof
(Latest Salary Slip)
Identity Proof
(Aadhar Card)
Permanent Address
Proof
(Accepted Documents)
Latest Bank
Statement showing
Salary Credit
Have a question not mentioned here? Feel free to contact us and we will respond as soon as possible.
Securing a personal loan to finance a two-wheeler is the best option since it is quick, easy, and convenient.
Yes, the two-wheeler loan (or bike loan) is applicable on second-hand bikes as well.
You can download the CASHe mobile app and follow a simple process to secure an instant bike loan where the loan amount will be disbursed to your bank account within a short time.
While it is good to have a credit score, you can still finance a bike with no credit.
The maximum tenure for a bike loan on CASHe is 18 months where you can borrow a maximum of ₹4,00,000.
Yes, it is. This way, you can have better control over your finances and accordingly manage your expenses.
You can choose an EMI plan from Options of 90, 180, 270, 360 and 540 days.
Once you choose your repayment plan, you can either opt for the auto-debit facility or make payments through NEFT/IMPS.
Please write to support@cashe.co.in if you need further assistance
Lately, having your own vehicle is seen as a necessity and something of great convenience since you can travel anywhere and at any time. Most of us prefer two-wheelers since they are easier to ride through traffic, are less expensive, and maintenance is lower in comparison to cars. The problem arises when you realise you do not have the funds to purchase a car or a two-wheeler, brand new or second-hand. This is where a two-wheeler loan can help you.
Taking a loan may seem like a scary thought but during a time of financial need, it can prove to be the most helpful tool. One such loan is the two-wheeler loan which equips you with enough funds to purchase a two-wheeler (motorbike or a scooter). Getting a two-wheeler loan from CASHe is a sensible choice since you get to choose from various repayment plans for the two-wheeler loan, from 90 days to 540 days.
A two-wheeler loan from CASHe can cover all the major expenses related to the purchase of a bike or scooter. This includes the cost of the two-wheeler, registration charges, etc.
The two-wheeler loan interest rate at CASHe is calculated on a per-month basis for the bike loan amount. The two-wheeler loan interest rate ranges from 2.25% up to 2.5% (equivalent reducing balance interest rate ranging from 3.71% to 3.85% per EMI) on the entire bike loan amount. You will also get a 5-day interest-free grace period to pay your two-wheeler loan EMI at the end of every month. Any subsequent delay in EMI payment will result in a 0.7% interest fee penalty.
Additionally, at CASHe, we also levy a processing fee ranging between ₹500 to ₹1,200, based on the two-wheeler loan product you are eligible for.
As per the Income Tax Act, salaried individuals cannot claim tax exemptions on two-wheeler loans. However, if you are a business owner or a self-employed individual, you can apply for tax exemptions by claiming the two-wheeler loan as a business expense.
You will need digital copies of the following documents to apply for a two-wheeler loan on the CASHe app:
A two-wheeler loan is a type of loan offered by banks and other financial institutions to help you buy a bike or a scooter when you do not have enough funds. Availing a two-wheeler loan is easy on the pocket as you can pay the two-wheeler loan EMIs on a monthly basis over a period of time.
You can follow these steps to avail a two-wheeler loan on CASHe:
You can get two-wheeler loans on CASHe with a tenure ranging between 90 days and 540 days.
At CASHe, the two-wheeler loan interest rates are calculated on a monthly basis for the complete loan amount. The two-wheeler loan interest rate on CASHe ranges from 2.25% up to 2.5% (equivalent reducing balance interest rate ranging from 3.71% to 3.85% per EMI).
You can find the CASHe mobile app on the Google PlayStore and the Apple App Store
The eligibility criteria to avail a two-wheeler loan from CASHe are:
You will need the following documents to apply for a two-wheeler loan on the CASHe app:
Usually, at CASHe, a bike loan is transferred instantly once all your loan application documents are verified. To ensure that your two-wheeler loan application is processed quickly, ensure that you upload the required documents in the necessary clear and legible formats.
In personal loans, the Monthly Reducing Balance is a method of determining the interest on your personal loan. In this method, the personal loan interest is calculated on the outstanding principal amount after each EMI.
Have a question that is not mentioned here? Feel free to contact CASHe customer care to know more!
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