Budget-Friendly Two-Wheeler Financing | Quick Approval

As the two-wheelers are becoming an integral part of our daily lives, the cost of buying them is also increasing. This hinders you from purchasing your favorite model. However, with a two-wheeler financing you don’t need to compromise anymore. In this blog, we will explore it further.

Table Of Contents:

Perks of Applying for Two-Wheeler Financing
Easy Process
Quick Approval
Flexible Repayment Options
Budget-friendly Financing
Quick EMI Estimator
Conclusion
FAQs

Perks of Applying for Two-Wheeler Financing

Applying for two-wheeler financing allows you to enjoy the flexible EMIs and quick approval.

Easy Process

Going for a two-wheeler financing is an easy process. Only you must meet the following eligibility criteria.

• The applicant must be a Nepali citizen between 18 and 65 years old at the end of the loan tenure. 
• You need to have a regular source of income and give proof of income documents. 
• Salaried and self-employed individuals can apply for two-wheeler financing. 
•  For the loan application, a personal guarantor (preferably a family member) or third-party guarantor is required.

Ensure you meet the above criteria before applying for a two-wheeler loan.

Quick Approval

The two-wheeler financing process is smoothed with less paperwork. This means your loan gets approved faster without any delay. Also, the process is more streamlined for those who are applying online. It is because of the elimination of long waiting periods. You need the following documents so that you enjoy quick approval of the two-wheeler financing. 

Basic Documents:

1. Passport-size photo (Applicant & Guarantor)
2. Citizenship photocopy (Applicant & Guarantor)
3. Valid driving license
4. Income source document
5. Resident proof document

Additional Documents (for Business Applicants):

1. Business registration certificate
2. PAN/VAT certificate
3. Tax clearance certificate
4. Loan request application on company letterhead
5. Partnership deed (if applicable)
6. Share ownership document
7. Meeting minutes
8. Loan processing authority letter
9. Other documents as required i.e. based on the business’s nature.

Flexible Repayment Options

The two-wheeler financing provides flexible repayment options based on your needs and budget. The tenure period of the loan is 6-36 months. However, the tenure period differs from new and reconditioned two-wheelers considering factors i.e. loan amount and interest rate. Let’s have a look at it.  

For New Two-Wheelers:

• Bajaj:
  • 30% down payment: 13.99% interest for 24 months
  • 40% down payment: 11.99% interest for 36 months
  • 50% down payment: 9.99% interest for 36 months
• KTM:
  • 50% down payment: 11.99% interest for 18 months
  • 50% down payment: 12.99% interest for 36 months
• Triumph:
  • 50% down payment: 9.99% interest for 36 months

For Reconditioned Two-Wheelers:

• 50% down payment: 14% interest for 18 months

Note: Rates may change over time.

Budget-friendly Financing 

Taking a two-wheeler loan is a budget-friendly way to get your favorite model. Hulas Finserv lets you pick the best model suited to your budget. All the above interest rates and tenure periods highlight the affordability, flexibility, and convenience we provide to our customers. This means monthly installments make it easier to manage the loan within a fixed budget and fixed rates ensure stability and predictability. 

Quick EMI Estimator

Hulas Finserv’s EMI calculator makes it easy to calculate how much you need to pay monthly. You should provide necessary details such as loan amount, repayment tenure, and interest rate rate and you can see the monthly EMI you need to pay in a few seconds on your screen. EMI estimator has various advantages such as better budget planning, time efficiency, comparison of loan options, and stress-free financial planning. To use our EMI calculator follow the below steps:

• Go to the Hulas Finserv website and look for the navigation menu. 
• You’ll find options like Two-Wheelers, Three-Wheelers, Four-Wheelers, Consumer Electronics, Furniture, and Laptops. Click on the loan category you’re interested in.
• Scroll down to find the quick EMI calculator. Enter the loan amount you need, and you’ll see the interest rate for that loan. Next, type in the loan tenure and the EMI result will appear instantly.

Conclusion

Two-wheeler financing is the best way to purchase your favorite model while staying within the budget. Getting Hulas Finserv’s two-wheeler loan is a simple process with quick approval. We have served over 25,000 customers and eagerly waiting to serve you. If you are planning to take a loan soon, Hulas Finserv can be your trusted financial advisor. Contact us directly if you have any queries about the loan process.  

FAQs

Can we buy a bike in installments in Nepal?

Yes, you can buy a bike in installments in Nepal. There are numerous financing options based on your needs and budget offered by Hulas Finserv, you can choose the best deal and buy a bike in installments.

Which is the best financial institution for two-wheeler financing in Nepal?

Hulas Finserv is one of the best financial institutions for two-wheeler financing in Nepal.

How long will it take to get my two-wheeler loan approved?

The approval process is quick, especially when applying online. With minimal paperwork and meeting all eligibility criteria, you can get your loan approved quickly.