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In the fast-paced world that we live in today, taking a loan has been made as easy as making instant noodles. With zero interest rates and attractive offers on EMIs, people are quickly and easily opting for loans to improve their current lifestyle and reach out to things that may not be accessible otherwise. Being flooded with offers from both banks and NBFCs, the cardinal rule of taking loans still apply - Don't take a loan because it is available, take it because you need it, and ensure that the total value of all your EMIs does not exceed 50% of your income.
One loan that is often touted to be your first step to freedom is a two-wheeler loan. Not as heavy as a home loan it enables access to places that were earlier difficult to reach. A two-wheeler loan may be taken when you want to buy a bike or scooter relatively quickly without making a huge one-time investment.
Also Read: Top Affordable Adventure Bikes in Indi
Also Read: Pay Attention To These 7 Factors While Taking A Bike Loan
Here, you can see an immense advantage of going with the Hero umbrella of products for both your two-wheeler and your loan. Choosing the same brand for both products is any day a better option than a bank financed two wheeler loan. With the festive season starting soon and a great monsoon to back up a good harvest, you'll be subject to even more attractive offers from lenders. It's time to leave your cares behind and enjoy your ride to freedom.
Disclaimer: This post was first published on 8th July 2016 and has been updated for the latest information, freshness, and accuracy.
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.
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