Suuperkart Bike Loan Interest Rates
Loan Interest Rates
the preferred mode of transport in Indian cities. Low-interest bike loans have made it affordable and convenient for Indians to buy two-wheeler of their choice.
One can easily apply for two wheeler loans with Suuperkart. You can comfortably pay off the monthly installments as we offer attractive interest rates in addition with a 1% onwards* processing fee of the loan amount. Interest rate can directly affect the equated monthly installment or the EMI you are expected to pay for the loan tenor. Even the slightest change of 0.25% rate can have a major impact on the EMI. Therefore, interest rates play a key role in two-wheeler finance and we ensure that our customers are getting an attractive interest rate.
*Interest Rates -- IRR - 11.20% onwards
*Maximum Repayment Tenure -- Upto 12-36 Months
*Processing Fees -- 1% onwards
How is Interest Calculated on Bike Loan?
As is obvious above, before getting two-wheeler finance it is important to know the two wheeler loan interest rates. Interest rates on two-wheelers vary for applicants based on their profile, repayment capacity, income level and the type of loan.
Two wheeler loan interest rates vary according to the category of the two wheelers.
For secured loans, the interest rate is lower while unsecured loans are offered on higher interest rates.
Your financial status also has an impact on the interest rate of the Two Wheeler Loan. Your income is considered a parameter in determining your repayment capacity and credibility.
Salaried individuals with a stable job are usually offered two wheeler loans on lower interest rates while self-employed individuals are offered loans on higher interest rates.
The EMIs for two wheeler loans are structured depending upon all these factors.