Finance

Finance

Finance FAQs


  • How do I get a loan?
    Visit our showroom or contact our customer service for more details.

  • Who is eligible for a used 2W loan?
    Depending upon your credibility which can be seen by your CIBIL score, the bank decides whether to give you a loan or not.


  • What documents do I need to provide for financing?
    To be eligible for a loan, you need to have an Aadhaar Card, PAN card, residential address, proof of income like salary, ITR Copy, etc and latest 6 months bank statements.


  • Can all the 2Ws on the website be financed?
    Not all vehicles are eligible for finance.


  • What is the maximum loan amount that I can expect?
    Depending on the valuation of the vehicle, a maximum of 90% of the valuation price can be financed.


  • What are the loan tenure options available?
    12, 18, 24, 30, 36, 48, 60 (all in months)


  • How is the interest amount calculated?
    Depending on the bank, a flat rate of interest on reducing balance is charged.


  • Am I liable to pay any additional charges?
    Processing fees, stamp duty charges are the extra charges which need to be paid.


  • How long will it take for my loan to get approved?
    1-2 day(s) maximum; provided all documents are cleared and approved.


  • Who can I add as the co-applicants for the loan?
    Your spouse or any family member can be taken as a co-applicant.


  • Do I need any guarantors while applying for my loan?
    Some banks ask for guarantors. So it depends on the bank.


  • Can I foreclose my loan before the completion of full tenure?
    Yes.

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