What Not to do When Applying For Bike Loan

If you are planning to buy a bike, the wise decision would be to apply for loan rather than emptying your savings

5 Things to Avoid While Applying for Bike Loan

Numerous bike loan schemes and lenders are available in India, but you need to choose the best option

5 Things to Avoid While Applying for Bike Loan

While there are several Do's for applying for a bike loan, let's understand what not to Do

5 Things to Avoid While Applying for Bike Loan

Here are 5 things you should not do while applying for a bike loan

Things to Avoid While Applying for Bike Loan

Apply for a bike loan from only RBI-authorised lenders

Things to Avoid While Applying for Bike Loan

Don't go for lenders who levy hefty processing fees

Things to Avoid While Applying for Bike Loan

Don't go for zero down payment loans. Though it might seem to be a lucrative offer in the beginning, you end up paying higher EMIs

Things to Avoid While Applying for Bike Loan

Calculate your loan eligibility before applying for loan and apply for lower amount. This will ensure that you pay low interest rates

Things to Avoid While Applying for Bike Loan

Take time to do background and research before applying to your lender. Don’t rush the process