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India's working class expends a significant part of their income and time for traveling to and fro from work. As per a recent research report, on average, an individual would spend around 6% of his/her income on daily work related travel. In 2008, the average time spent by people traveling to or returning from work was over 45 minutes. This number has only increased since then. That's where a two-wheeler can be a godsend. Commuting on a bike or scooter can help significantly reduce the time involved; which implies that you can spend a more time with your family. In fact, if you work in sales or marketing, a two-wheeler would enable you to visit more clients, and provide a chance to better your earning potential.
While buying a two-wheeler makes a whole lot of sense in terms of saving time and money, people are often confused whether to buy it outright, or go for financing?
Common wisdom suggests that buying anything outright through a single, one-time payment is not only hassle-free; it's also the cheapest option in terms of overall pricing. Additionally, you don't have to worry about paperwork, interest rates, or anything of that sort. However, a few simple steps and you could actually benefit through financing, especially in the long term, as there are a few very valid tangible benefits:
If your profile meets Hero FinCorp qualifying criteria, you will receive a call from their executive to complete the further process. Once the loan is approved, you can take your new bike home, and the funds will be deposited directly into the dealership's account.
If you would like to know more about bike finance or the application process or anything else related to two-wheeler loans. Please feel free to drop us a line or leave your comments below!
Disclaimer: This post was first published on 17th September 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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