Life is slowly returning to normal as the novel coronavirus-induced lockdown is being lifted around the world. Consequently, businesses are opening up, albeit with stringent social distancing norms in place. To boost profits and recover the losses incurred during the lockdown phase, an increasing number of retailers and small business owners are looking to meet delivery targets with two-wheelers. This is because of the prevalence and ease of obtaining
two-wheeler finance and the myriad benefits associated with a fleet of two-wheelers for deliveries.
Now, a few questions might be hovering in your mind. Why invest in two-wheelers? What are the benefits of two-wheelers over other modes of delivery? How can business owners leverage newly acquired two-wheelers for delivery target accomplishment? This article aims to answer these queries.
Also Read: Take A Two-wheeler Loan And Simplify Life Rapid Deliveries
True, a two-wheeler cannot compete with a 12-foot-long delivery truck in terms of the weight that it carries. But it can certainly be handy when time is of the essence. There is simply no way a two-wheeler will be stuck in traffic for long or spend time stuck at toll-stations. It has a decisive advantage here.
Small businesses and retailers stand to benefit significantly when their two-wheeler riding delivery executives zip through the city, delighting their customers in the process. More deliveries equate to a rapid expansion in the business, leading to significant gains in the bottom-line. So, investing in these vehicles will be well worth your money.
Also Read: All Documents You Need To Apply For A Two-Wheeler Loan Two-Wheeler Deliveries are Notoriously Cheap
Ramping up a business in the aftermath of a pandemic can be hard. However; you can make it easier with an army of two-wheelers taking care of the deliveries. The cost-effectiveness of this delivery method makes it easy for a business to meet its delivery targets on time.
This mode of delivery is especially affordable as practically anyone can do it. Small businesses don’t need to splurge anymore to hire a specialist truck driver or someone with a pickup truck.
Competitive Edge
One of the major advantages provided by two-wheelers is that these allow small businesses to compete with major industry players. Hence, two-wheelers allow small enterprises to enjoy a wider reach and a better inventory turnover rate, which is a sign of delivery targets being met consistently.
Also Read: Here is What You Need to Know About Two-Wheeler Loans Easy to Purchase
Apart from all the advantages discussed above, two-wheelers are also a breeze to purchase these days.
Leading financial institutions offer affordable and simple loans that a business owner can pay back conveniently. Therefore, if you are planning to avail two-wheeler finance, here are the things you can expect:
- Loan features: You can get a loan amount usually ranging from Rs. 10,000 to Rs. 1 lakh, and most reputed lenders can finance up to 95% of the bike value. The tenure can go up to 48 months and applications are approved quickly if everything is in place. Interest rates are competitive too and negotiable if you have a good credit score. Moreover, the borrower can choose from multiple repayment modes.
- Eligibility and documentation: Most lenders invite applications from Indian nationals who are above 18 years and either salaried or self-employed, with a minimum time spent in their current job or business. Apart from identity and address proofs, the applicant needs to submit income proofs and a passport size photograph.
- Process of application: If you are applying online, simply visit the lender website, enter the necessary details and agree to the terms and conditions, after which a representative will contact you. If you are applying offline, you need to visit the nearest branch of the financial institution, fill up the relevant form and submit hard copies of the required documents for further processing.
Overall, to recover from the effects of the COVID pandemic and become profitable again, small businesses can boost their delivery system easily with two-wheelers. Thanks to affordable two-wheeler finance options, you can look forward to a decent ROI and more streamlined business operations as well.
