What Is The Minimum Down Payment For A Bike Loan

Although certain lenders do provide 100% finance on the value of the vehicle, getting it depends on your credit profile and relationship with the lender. Normally, the minimum down payment while purchasing a two-wheeler may range between 10% to 30% value of the vehicle. . 

Down payment on your two-wheeler loan depends on the policies of the lenders. Certain lenders make it compulsory to pay a down payment of 20% of the value of the vehicle. Down payment is made mandatory by the lender to reduce the risk of borrowing. 

Making higher down payment helps you reduce the debt burden and repay the loan in shorter tenure. You can check out the down payment details of the lender from their official website or you can contact their customer care support for the latest margin and interest rates.