What is the minimum age to buy a bike in india?

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Conner Hoeger asked a question: What is the minimum age to buy a bike in india?
Asked By: Conner Hoeger
Date created: Sun, May 30, 2021 9:49 PM
Date updated: Mon, Jan 17, 2022 7:42 AM

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Top best answers to the question «What is the minimum age to buy a bike in india»

Let's have a quick look into the criteria: Age: The minimum age to get a bike loan in most banks is 21 years, but some banks and Non-Banking Financial Companies (NBFCs) have a minimum eligibility age of 18 years. So, if you are above 18 years of age, you can apply for a two-wheeler loan to buy a bike.

Minimum age of the loan applicant should be at least 18 years at the time of applying for the loan, and the maximum age limit should be 65 years.

FAQ

Those who are looking for an answer to the question «What is the minimum age to buy a bike in india?» often ask the following questions:

🚗 What is minimum down payment for bike?

Minimum Down Payment Required for a Bike Loan

It ranges from 15-30%* of the two-wheeler value. Down payment solely depends on the cost of the bike and your repayment capacity. It is advisable to pay some amount as down payment for availing lower EMIs on bike loan.

🚗 What is the minimum downpayment for a bike?

What is the minimum down payment for a bike loan? The lenders generally finance 90% of the ex-showroom price of the bike. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the bike.

🚗 What is the minimum down payment for a bike?

What is the minimum down payment for a bike loan? The lenders generally finance 90% of the ex-showroom price of the bike. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the bike.

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