What Is a Two-Wheeler Loan?

A two-wheeler loan is a type of loan provided to finance the purchase of a two-wheeler. Key features include:

• Loan Amount: Typically covers a percentage of the vehicle's purchase price.
• Repayment: Repaid through fixed monthly instalments over a set period.
• Interest Rates: Vary depending on the lending institution and the applicant’s profile.
• Collateral: Generally, no collateral is required; the vehicle itself often serves as security