Can I Extend the Repayment Period for a Two-wheeler Loan?

Yes, it is often possible to extend the repayment period for a two-wheeler loan. Here is how:

• Reach out to the financial institution to request an extension of the loan tenure.
• The institution will review the request based on the loan's terms, current repayment status, and your financial situation.
• Additional documentation or a formal application may be required to process the extension request.
• The financial institution may adjust the loan terms, including interest rates or monthly payments, depending on the new tenure.

It is important to discuss the options and potential impacts on the overall loan cost with the financial institution before proceeding.