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Two-wheelers are a popular alternative to public transportation and cars. This is because it can easily navigate through Indian traffic and is also one of the most cost-effective modes of transportation. It is so common that even in the remotest part of India, you can hear familiar noises from a two-wheeler’s engine. However, buying a two-wheeler in one go may not be easy for many and this is where two-wheeler financing comes into the picture. For many two-wheeler owners living in small towns and rural areas, a scooter or bike is something that falls under the “luxury assets” category—a dream or a necessity for which they do not always have the requisite funds. In such scenarios, a two-wheeler loan emerges as a saviour, allowing individuals and families to buy their dream bike and pay the loan using easy EMI over a comfortable tenure.
If you are planning to apply for a two-wheeler loan, you probably have a lot of questions such as how a two-wheeler loan is calculated, what the two-wheeler loan interest rate would be, two-wheeler loan eligibility criteria and documentation, and more. Today, in this article, we will deal with each question and concern related to availing of a two-wheeler loan one by one.
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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