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Widespread misconceptions related to two-wheeler loans

Bikes are an excellent mode of transportation for a variety of reasons such as avoiding unnecessary exposure to crowded public transport and freeing you of the stress of making it to the office on time. The easy availability of two-wheeler loans has made it possible for almost every income group to purchase their dream bike. However, there are still some people who are hesitant to use this funding option due to various misconceptions surrounding two-wheeler loans.

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Widespread misconceptions related to two-wheeler loans

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  1. What is the Importance of Mileage for Used Cars

  2. # You need a high income •A monthly income of Rs 15,000 qualifies you for this loan.

  3. Bike loans are expensive • Under this loan, the bike is hypothecated with the lender. • The lower default risk qualifies you for an affordable interest rate loan.

  4. # You can only buy a new two-wheeler •You can buy a new or used bike.

  5. You need a strong credit score • The lender considers several parameters other than your credit score. • The lender approves your application if you have a stable job and income. • You may also add a co-applicant to get instant approval.

  6. # Time-consuming process •Funds are disbursed within 48 hours.

  7. Before you apply for a bike loan, be sure you have debunked all the common misconceptions.

  8. Thank You Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : customer.care@herofincorp.com Website : https://www.herofincorp.com/ Know More : Some Common Myths about Two-wheeler Loan

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