Bring Home Your Dream Bike with Muthoot Capital Two-Wheeler Loan

Have you always dreamt of owning a two-wheeler but your current financial status doesn’t approve of the purchase? Well, you can easily get a bike loan sanctioned at Muthoot Capital and get your dream bike or scooter. Gone are the days when you had to wait for days to get your loan approved. Today, salaried and non-salaried professionals can leverage motor bike loans and get approval almost instantly. Avail easy Two Wheeler Loan at the lowest Two Wheeler Loan interest rate and minimal processing charges now!

Here’s why a used bike loan from Muthoot Capital Services Ltd is a good option if you are looking forward to owning a bike.

Safe & Affordable

Muthoot Capital offers a secure, safe and affordable option to potential borrowers. Even before signing-up for the loan, you can visit Muthoot Capital’s website and get a quote on monthly instalments through the bike loan EMI calculator. Whether you’re opting for a second hand bike loan or a new bike loan, the process is simple and transparent.

Keep Your Cash for Emergencies

There is no denying that two-wheelers cost substantially. You can free up funds and keep them for important use when you opt for a loan. This gives you the power to manage your finances well and invest the money for better use. You only have to pay a monthly instalment, including a pocket-friendly interest on bike loan rate. Whether you are applying for a personal bike loan or a used Two Wheeler Loan, you can rest assured that Muthoot Capital offers the best bike loan interest rate.

Lower Interest Rates

You can get the lowest bike loan interest rate at Muthoot Capital. With interest rates starting from 0.99% per annum*, you can fulfil your dream to buy the dream bike. Calculate your expected instalment through a two-wheeler loan EMI calculator and make better financial decisions. Also, when you pay EMIs, you inculcate financial discipline that helps you in all walks of life.

Boost Your Credit (CIBIL) Score

Young professionals can go for an auto loan as it also helps to build a good credit score. Whenever a person opts for any kind of loan, their financial behaviour is tracked and the data generated is used to understand an individual’s financial health. If an individual pays EMIs on time, he or she gets a good credit rating. Basically, with a good credit profile, it gets cheaper to borrow money. With a low bike loan interest rate, you can easily pay back and boost your score.

Read more : 0 Down Payment Bike

Absolute Ownership

Often people stay in a dilemma about ownership of the financed vehicle. Well, when you opt for a pocket-friendly loan with Muthoot Capital, you stay in charge of your two-wheeler. The lender doesn’t have any ownership rights at all. Once all the formalities are complete and your loan is approved, your bike is completely yours.

Flexible Repayment

With Muthoot Capital, you have the option to repay your loans in as soon as 12 months. Or if you wish, you can go for loan terms of up to 48 months. You’re completely free to choose the repayment schedule. Whether you are opting for a second-hand bike loan or a new one, flexibility in repayment is assured.

Up to 100% Loan Amount

Yes, you heard that right. For specific models and specific schemes, we provide you with a 100% loan amount. All you need to do is ask your representative or visit a branch to know in detail about the exact list of bikes and models eligible for old bike loan schemes.

Am I Eligible for a Two-Wheeler Loan?

Both salaried and self-employed professionals can opt for two-wheeler loans with lucrative interest rates from Muthoot Capital. Anyone between 18-65 years of age can avail of the loan facility. Salaried individuals earning a yearly income of Rs. 96,000 or above meet the eligibility criteria. If you’re a non-salaried individual with an annual business profit of Rs. 1,20,000 or more, you can also avail of the loan and other benefits. Whether you’re looking for a used two-wheeler loan or a brand new motor bike loan, Muthoot Capital offers financing for both options.

The demand for two-wheelers is on a constant rise in the country. Add the ongoing pandemic to the equation, in times of social distancing, two-wheelers have emerged as a safe mode of commute. So, what are you waiting for? Zoom ahead on your two-wheeler dream, thanks to the best two-wheeler loan interest rate from Muthoot Capital!

Documentation Fees & Charges

When applying for a two-wheeler loan with Muthoot Capital, there are minimal documentation fees and charges associated with both salaried and non-salaried individuals. These fees are designed to cover administrative costs and ensure smooth processing of your loan application.

For Salaried Individuals

Salaried professionals enjoy a streamlined loan application process. The documentation charges for salaried individuals are typically lower compared to non-salaried applicants. You will be required to submit the following documents:

• Proof of identity (Aadhar Card, Passport, etc.)
• Proof of residence (Utility bills, Rent Agreement, etc.)
• Latest salary slips or Form 16
• Bank statements for the last 6 months
• Passport-sized photographs

The documentation fee for salaried individuals is usually nominal and is deducted at the time of loan disbursement. Additionally, processing fees for salaried professionals are often minimal, making it easier for you to manage the overall cost of financing your two-wheeler.

For Non-Salaried Individuals

For self-employed or business professionals, the documentation fees and charges may be slightly higher, as additional documents are required to assess the financial health of the applicant. Non-salaried individuals will typically need to provide:

• Proof of identity (Aadhar Card, Passport, etc.)
• Proof of residence (Utility bills, Rent Agreement, etc.)
• Income Tax Returns (ITR) for the last 2 years
• Profit and Loss statements or balance sheet (for business owners)
• Bank statements for the last 6 months
• Business registration documents (if applicable)
• Passport-sized photographs

In the case of non-salaried individuals, processing fees might be slightly higher than for salaried individuals, but Muthoot Capital ensures that the documentation charges are affordable and transparent.

Read more : Two Wheeler Scheme For Ladies In Kerala

Other Charges

• Prepayment Charges: Muthoot Capital may levy a nominal fee if you decide to repay your loan before the agreed tenure.
• Late Payment Charges: If an EMI is not paid on time, there may be a small late payment fee.
• Insurance Fees: Some loans may require you to take bike insurance, which can be paid separately or as part of the loan amount.

Rest assured, Muthoot Capital ensures complete transparency in terms of fees and charges, and all costs are clearly communicated at the time of application.

By keeping documentation fees low and providing clear information on all charges, Muthoot Capital makes the process of securing a two-wheeler loan for both salaried and non-salaried individuals as smooth as possible.

FAQs 

What is the interest rate on a bike loan at Muthoot Capital?

Muthoot Capital offers the lowest bike loan interest rate starting from just 0.99% per annum. This ensures you get the best value for your bike loan.

Can I avail of a loan for a second-hand bike?

Yes, Muthoot Capital provides financing for both new and used bike loans, helping you purchase either a new or pre-owned two-wheeler.

What are the eligibility criteria for a two-wheeler loan?

The eligibility for a two-wheeler loan depends on your age (18-65 years) and income. Salaried individuals with a minimum income of Rs. 96,000 per year and non-salaried individuals with an annual business profit of Rs. 1,20,000 or more can avail the loan.

What is the best bike loan option for young professionals?

The best bike loan for young professionals would be one that offers a low-interest rate and flexible repayment options. Muthoot Capital’s two-wheeler loan interest rate starting at 0.99% is a great option.

How can I calculate my monthly EMI for a bike loan?

You can easily calculate your monthly EMI using Muthoot Capital’s two-wheeler loan EMI calculator on their website.

Can I apply for an old bike loan?

Yes, you can apply for an old bike loan if you’re interested in buying a second-hand two-wheeler. Muthoot Capital offers financing for both new and old bikes.

Is there a possibility of 100% financing for my bike loan?

Yes, for specific models and schemes, Muthoot Capital provides up to 100% financing for your motor bike loan.

How long do I have to repay my two-wheeler loan?

You can choose from flexible loan tenures, with repayment periods ranging from 12 to 48 months, depending on your convenience and loan amount.

What is the interest on bike loan for used bikes?

The interest on bike loan for used bikes is competitive and often starts from 0.99% per annum, ensuring affordable financing for second-hand vehicles.

What are the benefits of opting for a two-wheeler loan from Muthoot Capital?

Muthoot Capital offers several advantages such as the best two-wheeler loan interest rate, quick loan approval, easy EMI options, and the ability to finance both new and used two-wheeler loans.