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What is Two Wheeler Loan?
Buying a two-wheeler is no longer a luxury you can't afford - thanks to the changes in loan policies, laws, and industry additions. Every year, the loan accessibility and approval process undergo several changes that make purchasing a two-wheeler simple and hassle-free for an average person.
These loans are processed so that a typical young salaried professional between the ages of 25 and 35 can easily cover the financial expenses of buying and maintaining their own two-wheelers. In addition, two-wheeler loans are immensely customer-friendly and have simple repayment options. So, if you are willing to opt for a two-wheeler loan, keep reading this article to know more about its features and disbursement process.
There are currently two types of two-wheeler loans in India, based on the security you provide:
- Secured Two-Wheeler Loan
- Unsecured Two-Wheeler Loan