Bajaj Bikes Loan/EMI Facility

There is a proverb in Bengali, "I have taste but not ability". The reason for saying this is that bikes are one of the things that most of the people in our country love or prefer. Even if you look for people who have no hope or desire to buy a bike, it may be difficult to find. Even if we want to buy a bike, many of us cannot buy a bike due to lack of financial ability. However, almost every brand currently in Bangladesh has arranged for customers to purchase motorcycles in installments. Today we will discuss how you can buy Bajaj motorcycles in installments.
Bajaj is a very popular motorcycle manufacturing company. Considering the financial condition of the customers, Bajaj has decided to sell motorcycles in installments. But in this case, the buyers have to go through some rules.

Bike can be bought in EMI/installment:
1. If you are opting to buy a bike on installments, you should first check the bike loan eligibility for installment bike to see if you are an eligible candidate to buy the bike.

2. Next, your task is to decide how long you want to take the loan. You can use Bajaj Auto Finance Two Wheeler Loan EMI Calculator to know the installment amount and interest rate.

3. Now you can apply for two wheeler loan online. Here you have to provide personal details including your basic details. After the process is completed you will see whether your loan has been approved or not.

4. If your loan is approved then a Bajaj Auto Finance representative will call you for further assistance.

Down payment:
Bike loans have become very popular day by day. And the reason for this is minimum interest rate, quick loan approval, long term repayment facility etc. A certain amount of down payment is required for each installment sale. Bajaj Auto Finance offers a down payment of 0% to 30% based on the customer's repayment capacity. That is, if you buy a bike worth three lakh taka, then you may have to pay a maximum down payment of ninety thousand taka. And you can pay the rest in installments.

The down payment mainly depends on the value of the bike and the loan repayment capacity of the buyer. The more money you pay as down payment, the lower your installment amount. In some cases, the down payment also depends on the source of income of the customer and the type of bike the customer is planning to buy.

Loan Processing Cost:
Apart from the fixed price of the bike, there are additional costs for loan processing which the buyer has to pay, such as loan processing fee, loan request processing fee, etc. These fees mainly depend on the total amount of loan. If the amount of loan is more, the amount of fee also increases at a proportional rate.

Required Documents and Conditions:
1. The age of the loan applicant should be minimum 18 years and maximum 65 years.

2. The loan applicant must reside in the same house for a period of at least one year.

3. The loan applicant should be stable in employment for one year.

4. Applicant should have a permanent telephone number along with KYC and other related documents.

5. Photocopy of National Identity Card or Passport

6. Proof of address, eg copy of last three months electricity bill of customer's home.

7. Must have driving license.

8. Beneficiary should have an active bank account and submit bank statement of last three to six months.

9. In case of traders, updated trade license should be submitted, but not for the current year. Salary seat or salary slip should be submitted in case of employees.

Basically you have to give full assurance that you are able to repay this loan. Only then will your loan be approved and you can buy the bike in installments.