1. I've got a job … Is it the time to buy a two wheeler ?
2. What all I may have to go through to get a 2 wheeler loan ?
3. Does the brand matter ?
4. The market is flooded with brand new varieties … get yourself what you deserve …

By availing a two wheeler loan, many people in India have been able to get away with the hurdle of huge amount of one time monetary investment.If you are taking the auto loan, then in most of the cases you may have to give small down payment. However in some of the cases the customers need not make any down payments at all.

There are some criteria based upon which the auto loans for two wheeler are sanctioned.The individuals seeking loans should have annual gross income of about
INR 50,000 or more.The individual can be a businessman, professional or job holder.Loans are provided for both new vehicles or for used two wheelers that are up
to 3 year old. If you are a transport operator then you have to down-pay minimum margin money of about 15 % of the invoice value, tax amount and premium of
insurance for buying a brand new three wheeler. For a used one, you have to pay minimum margin money of about 25%. Requirement of guarantee is not mandatory, however in some of the cases you may be asked to deposit any collateral security. Repayment is usually done within 60 months in equated monthly installments.

The surging growth of the two wheeler industry in India has been influencing several new entrants to start manufacturing newer version of automobiles. In the last fiscal,
the two wheeler industry in the country has seen a remarkable double digit growth against the previous year. A total of 5, 56,000 units of the automobiles were produced in India in the last financial year. Leading two wheeler manufacturers like Bajaj Auto, Hero Honda, TVS Motor, Yamaha Motor are continuously innovating and coming up with new two wheelers to rope in the increasing number of potential consumers in India.