Why Buy a second-hand bike on EMI?
Transportation is more convenient when you have a two-wheeler at home. Thankfully, you can affordably purchase a second-hand bike on EMI with a Small Personal Loan from Poonawalla Fincorp. Enjoy benefits like fast approvals, minimal documentation, flexible EMIs, and simple eligibility criteria. Bring your dream bike home. Apply now!
With this loan option, you have the freedom to buy the product on EMI from any retailer or store that you prefer.
How to Buy a Second-hand Bike on EMI Without a Credit Card?
You can buy a second-hand bike on EMI without a credit card through a Small Personal Loan from Poonawalla Fincorp. To apply, follow the steps mentioned below:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan will be transferred to your bank account.
Documents Required to Buy a Second-hand Bike on EMI
Avail of a Small Personal Loan with minimal document requirements. The documents required are as follows:
- KYC Documents : Aadhaar Card, Voter ID, Driving Licence and PAN Card.
- Current Address Proof : Passport, utility bills, and rent agreement.
Eligibility Criteria of Small Personal Loan
A Small Personal Loan from Poonawalla Fincorp has simple eligibility criteria:
Age
Citizenship
Annual Income
Credit Score
- Age - The applicant must be between 25 and 55 years old.
- Citizenship - The applicant must be an Indian citizen.
- Annual Income - The applicant's annual household income must be at least ₹3 Lakh.
- Credit Score - The applicant's credit score must be 750 and above.
Benefits of Buying a Second-hand Bike on EMI
Here are some benefits of buying a second-hand bike on EMI with a Small Personal Loan from Poonawalla Fincorp:
- Higher Loan Amount : Get up to ₹5 Lakh with Poonawalla Fincorp's Small Personal Loan.
- Fast Approval and Disbursal : Enjoy hassle-free application and fast disbursals.
- Flexible Repayment Tenure : Repay easily over a tenure of up to 36 months.
- Minimal Documentation : Provide the KYC documents and current address proof.
- Competitive Interest Rates : Interest rates are competitive, making it an affordable loan option.
- No Hidden Charges : Experience transparency throughout the loan application and disbursal process.
Apply for Instant Small Personal Loan within 5 Minutes
Now you can get a Small personal loan with minimum efforts. Just follow the below simple 2-step process and get an instant Small Personal loan online without any delay.
Apply
Online
Apply Online
Click on Apply Now and enter all your required contact details.
Verification
Verification
Application will then proceed for verification and assessment
Frequently Asked Questions
Yes, you can buy a second-hand bike on EMI with a Small Personal Loan from Poonawalla Fincorp with competitive interest rates, flexible EMIs, and a simple loan application process.
To buy a second-hand bike on EMI, follow the steps mentioned below:
- Step 1: Click on the 'Apply Now' button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan will be transferred to your bank account.
You must pay the entire amount at once when you buy a bike in full cash. However, buying used bikes on EMI makes the purchase more affordable as you pay in instalments over a period of months.
Buying a second-hand bike in instalments provides various benefits, such as:
- It makes the purchase affordable for you.
- You have to make lower monthly payments for a second-hand bike than buying a new one on EMI.
- You can pay off the price according to your financial comfort through flexible EMIs.
*Terms & Conditions Apply
