Want a two-wheeler to move through narrow and twisted lanes or zip through heavy traffic smoothly? Apply for a two-wheeler loan online with minimal documentation.
1. No Strain on Personal Finances An affordable two-wheeler loan allows customers to bring home the vehicle without dipping into their savings. They can keep their funds for an emergency. Take an online two wheeler loan and repay in easy EMIs () during the tenure. 2. Zero Down Payment Lending institutions can provide up to 100% of a two-wheeler's cost for specific models. 3. Buy a Two-wheeler of your Choice A two-wheeler loan amount can be as high as Rs.30 lakhs which allow customers to buy a two-wheeler of their choice. Submit the required documents for a two wheeler loan and apply online. 4. Build a Credit History A two-wheeler loan can be availed of against easy eligibility criteria. It helps to build a credit history to secure credit in future. 5. No Need to Postpone Decision Individuals need not postpone their decision of purchasing a two-wheeler due to financial issues. Apply for an online two-wheeler loan and secure the required funds for immediate purchase. 6. Tax Benefits A two-wheeler loan can offer tax benefits to self-employed individuals or entrepreneurs. If they purchase a two-wheeler on loan in their company's name, they can get tax benefits on interest payable to the lender. They can show fuel, service, and insurance expenses and depreciation in the company's book. Thus, apply for a two-wheeler loan using a simple online application and the required documents for a two wheeler loan and own the desired model. People also search for Personal Loan in Mumbai, You can visit our official Mumbai branch: https://goo.gl/maps/B8LFnce5GkyfDFSz8
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Unsecured business loans are a popular choice for many entrepreneurs and small business owners as they can use them to fund their operations, buy new equipment, pay for their other business expenses, etc. Moreover, these business loans do not require collateral making them a more attractive option. However, as with each loan, unsecured business loans also have pros and cons.
Some of the pros of unsecured business loan are:
Also Read: How Unsecured Business Loans are Perfect Choice for Businesses? Travelling is usually a great way to escape their everyday routine and find tranquillity. It is the ideal way to escape the routine and go on an adventure or family vacation to a fascinating location.
However, travel costs are rising, which may require a traveller to dip into their savings or wait until they have enough cash. With a personal loan for holidays, borrowers can get the funds they need upfront and pay it back in some time. A personal loan for holidays can be a great option when one is looking to finance their dream vacation. The first benefit of a personal loan is that it may help one stretch out the expense of their vacation across several months or years, making it more manageable and reasonable. By doing this, travellers may avoid worrying about generating a sizable chunk of money all at once. In addition, comparing personal loans to credit cards and other high-interest borrowing options reveals that personal loans come with lower interest rates. Thus, personal loans will also help one save money on interest charges and repay the loan faster. Further, eligibility for personal loans is lenient, making the process smooth. Personal loans may also enable one to arrange their trip with greater freedom. The funds can be used to pay for a hotel, food, and other travel-related expenses. This implies that one may travel wherever and do anything without worrying about the expense. Though personal loans provide convenience, hassle-free approvals, flexible repayment plans, and freedom, it is essential to select a reliable lender. With Fullerton India’s travel loans, you can cover all your travel expenses with instant online approval, online account access, flexible repayment, easy eligibility for personal loans and competitive interest rates. Loans against properties are acquired for numerous reasons depending on the applicant's requirements. Since they are secured loans with property collateral, they enable various advantages for borrowers.
Lower Interest Rates: After borrowers fulfil the loan against property eligibility criteria, they can surf for the best interest rates. Since these are secured loans, most of the institutions offer attractive loan against property rates. Lower interest rates are applicable for borrowers with high-valued properties and financial stability for quick repayment. LTV Ratio & Partial Fund Disbursement: Loans against properties in India require residential or commercial property as collateral. The borrower is allowed to seek funds up to a certain portion or percentage of the property. They even have loan against property eligibility for borrowers to secure partial loan facilities, which they can adopt for funds needed shortly. Property Utilisation: The lender institutions hold all ownership papers and registration documents as collateral, the physical property, however, remains in possession of the borrower. Except for selling the property, they can rent, carry out business activities and reside on the property until the loan is fully repaid, which ultimately transfers the ownership to the borrower. Longer Repayment Tenure: The large amount involved in the loan against properties naturally makes it difficult for the borrower to repay in fewer instalments. Longer repayment ensures lower monthly instalments depending on the principal loan amount. Fullerton India offers some of the best loan against property rates with tenures spannings up to 15 years. Speedy approvals: Based on the document authenticity, property’s market value, principal loan amount and borrower’s financial capacity for repaying, the institutions instantly provide the decided loan amount. The successful KYC verification of the borrowers indicates a confirmation for loan disbursal. Tax Benefits: According to the tax structure of India, borrowers paying monthly instalments and numerous outstanding loans can avail of tax deductions facilities. The loan amount utilised for purchasing residential property in India can avail of Rs. 2 lakhs in tax remittance. Personal loans are flexible enough whether it comes to the end-use of the loan amount or repayment. Personal loans are offered with a repayment term between 12-60 months. Borrowers have the option of personal loan foreclosure also. If the borrower has surplus money during the loan term, they can prepay the loan amount and foreclose the account before the loan term ends.
Also Read: A complete Guide for a Personal Loan for Women The difference between an individual's income and expenditure can hamper their goals or make it challenging to overcome a financial emergency. As a solution, most customers consider personal loans as they can provide ample funds.
Customers can get a personal loan of up to Rs.25 lakhs depending on how well they meet the eligibility criteria. Personal loans can be repaid in easy and small EMIs (Equated Monthly Instalments). Customers can choose a suitable repayment tenure using a personal loan EMI calculator. How to Use a Personal Loan EMI Calculator Here is how to use a personal loan EMI calculator to get a personal loan with a suitable repayment tenure:
Also Read: Startup Business Loan: Detailed Guide for Small Businesses |
AuthorI am Nishi singh, a professional Financial Analyst. I have done MBA in finance and worked in various finance organizations. I have five years of working experience and I am also fond of writing about personal financing. Apart from the professional life, I love to travel and playing cricket. Archives
November 2023
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