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Two Wheeler Loan FAQs

Enhance your two-wheeler loan decisions with our comprehensive FAQs. Find clear answers to secure the most suitable financing solutions.

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

  • Posted:20th November, 2024
  • Updated:20th November, 2024
Yes, it is often possible to extend the repayment period for a two-wheeler loan. Here is how.
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What Happens if Two-Wheeler Loan Documents Are Lost?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
Losing two-wheeler loan documents can complicate the repayment and closure of the loan.
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What happens to my two-wheeler if I am unable to repay the loan?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
If a two-wheeler loan is not repaid, the financial institution may take the following actions.
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What is the Maximum Loan Amount That Can Be Availed Through a Two-Wheeler Loan?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
The maximum loan amount for a two-wheeler loan varies based on several factors, including the lender, the applicant's credit profile, income, repayment capacity, and the cost of the two-wheeler.
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What is the Maximum Tenure for a Two-Wheeler Loan?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
The maximum tenure for a two-wheeler loan typically ranges from 12 to 60 months, depending on the financial institution.
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What is the Role of a Guarantor in a Two-Wheeler Loan?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
A guarantor is an individual who agrees to take responsibility for repaying the loan if the primary borrower is unable to do so.
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Can I Get a Two-Wheeler Loan for a Used Vehicle?

  • Posted:20th November, 2024
  • Updated:20th November, 2024
Yes, you can get a two-wheeler loan for a used vehicle.
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