Have you dreamt of owning your own bike and Cruise through the traffic without waiting for the bus or train during the rush office hours on a Monday morning?
Well, a two-wheeler loan from Credy can help you own your dream commute and ride your way like a boss. A Two-wheeler loan from Credy is easily approved and charged at low-interest rates. Approval of a two-wheeler is a breeze with Credy with a dedicated team of experts who are willing to help anyone in need with quick approval personal loans. With a two-wheeler loan, you can have the freedom of your own vehicle at very nominal down-payment. Having your own commute goes a long way in helping you to reach your office on-time or run your business effectively.
Credy always focuses on the hasslefree and instant loan approvals that can allow a person in need to get their loan in the quickest possible time. Credy also believes in saving paper and protecting the environment, so you get a totally paperless approval, instantly done on spot at the comfort of your home. Credy agents will visit your house and ask for the necessary documents and give you instant approval for your loan. It is quick, paperless and hassle-free and will ensure you get hands-on your new bike as quickly as possible. This means you are not required to run behind banks and credit companies to get your dream bike. With the quick and instant approval, it makes it a piece of cake for people in need to get a loan.
A Bike Loan can give you the freedom to own your own vehicle
A bike is a low maintenance commute that can greatly help an individual in their daily travel and errands. It also gives the freedom of choosing your own route and drive through traffic without wasting time waiting in the traffic. Having your own vehicle will ensure you have a commute in an emergency or in any rush situation. Additionally, the bike does not require a lot of garage space thus keeping down the maintenance cost of owning a vehicle. Owning a car does incur a lot of overheads in terms of garage expenses, maintenance and repairs. Compared to a car, a bike thus makes more sense for people looking for a means of commute that keeps the costs of owning it low even after years. A bike can transport you from one place to another and is relatively less costly as compared to a car. They are also energy efficient and do less harm to the environment.
It does make more sense for average Indian to own a bike. It is also the most efficient mode of transport on Indian roads and the traffic conditions in our country. However, not all can own a bike straight away. A bike loan thus makes sense for average Indian to own a bike with some help in terms of the loan which they can pay off in easy installments. Financing partners like Credy stand with the cause of average Indians and believe every man can fulfill their dream with a little support. They vouch to help the rising needs of the customers with affordable loan solutions like a two-wheeler loan.
How a Two-Wheeler Loan can be Beneficial
A two-wheeler loan is easily approved with minimum paperwork which will help you buy your dream bike as early as possible. With Credy, loan approvals are hassle-free and paperless which makes owing bike super easy. A two-wheeler loan is also beneficial to the customers as they are not required to pay the whole amount of the bikes at one go. Easy installments make it affordable for an average Indian to own a bike. We aim at providing affordable loans, so the interest rates are not a burden on the loanee who desire to own a bike or scooter.
Getting a two-wheeler loan for your dream bike ensures that you get to ride your bike straight out of the showroom without paying the whole amount out of your pocket at once. This gives you the freedom to own a bike well before the whole amount due is repaid. Credy allows a repayment period up to 12 months which is ample for most people looking for regular daily commute bikes other than superbikes or enthusiastic bikes. This small ticket two-wheeler loan is mostly geared towards people in need of bikes under 1 lakh rupees. You can get average to entry-level sports bikes too under 1 lakh rupees. This price range generally covers the major portion of the bike owners in India. Hence, you are more likely to get your dream bike with the two-wheeler loan from Credy and be a proud owner of your new bike in no time.
Two-wheeler loan eligibility for Credy
As we provide paperless and instant loan approval, you are required to be within a physical area limit to available the two-wheeler loan as of now. Eligibility criteria for a two-wheeler loan from us are simple and can be availed by the most salaried person living in the areas Credy operates. It is because of the fact that we do a manual visit to your home and gives you instant approval without any paperwork.
You can avail a two-wheeler loan from Credy up to 1 lakh rupees if you fulfill the following requirements:
- Minimum Monthly Salary of Rs 15,000
- Living in Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Thane
You can apply online and our representative will visit your house in-person to verify original documents in hand and give you a loan approval instantly.
Two-wheeler loan calculator
Credy specializes in small ticket loans up to 1 lakh rupees. You can avail the two-wheeler loan from us, up to 1Lakh rupees if you fulfill the above requirements. The process is simple and does not take long to get your loan approved. We are always willing to help you in need by matching the sum you expect. The only thing to keep in mind is your CIBIL score and your documentation. If your documents are okay and your bank statement shows your creditworthiness, we are more than willing to grant the loan amount as quickly as possible.
We do have a state of the art verification procedure that allows us to check your creditworthiness and approve your requested loan amount. The loan is directly disbursed into your bank account within hours after your physical verification gets the approval.
What is the two-wheeler loan interest rate on Credy
Credy believes in providing affordable loans to the person in need. In the case of a two-wheeler loan, we charge anywhere between 1 to 1.5% of the Loan Amount Per Month. The low-interest-rate makes it ideal for people to get affordable loan solutions for buying a bike. It also puts a lesser burden on the loanee who need to repay it on a monthly basis. It is also cheaper than your credit card bill and provides better support when in need without the burden of high-interest rates.
|Loan Amount||Up to ₹ 1 Lakh|
|Interest Rate||1 to 1.5% of Loan Amount Per Month|
|Loan Tenor||3 to 12 months|
|Processing Fee||3% of Loan Amount (Minimum ₹500)|
|Early Repayment Fee||2% of outstanding loan amount|
|Late Fee||2% of EMI Amount per week|
How long it takes for a vehicle loan to be approved from Credy
We at Credy assure that your loan will be credited to your bank account as early as 24hrs from your loan application being accepted on the website. You need to provide the correct document and make sure your credit score is good enough to get the loan amount in your bank account within 24hrs. Our loan approval is instant and paperless, it means you can focus more on your needs while we make sure you get your personal loan as early as possible.
There is a fluid process that allows us to approve and disburse the loan amount to the bank account of the customer within 24 hrs. From the time you sign up on our website and submit your primary documents, our team pounces into action to ensure your loan credited within 24hrs. We have people getting their loan approved and disbursed into their account on the same day they apply for a loan.
Charges and Fees for your Two-Wheeler loan from Credy
We charge a nominal processing fee of 3% of the loan amount with a minimum amount of Rs 500. This keeps the loan very affordable for the general public. The processing fee ensures we are able to provide the best interest rates for the public and make it a quick and easy process to get a loan. It is a one time charge so you are not required to carry the burden all over your loan tenure.
You are not required to pay the processing fee out of your pocket. The fee is deducted from the loan amount during the disbursal of the loan amount in your bank account. For example, if your disbursed amount is Rs 15000 the processing fee charged will be Rs 500 and not 3% of the loan amount. However, if your sanctioned loan amount is Rs 80000, the processing fee charged will be 3% of Rs 80,000, ie Rs. 2400. It will be deducted from the loan amount before the amount is credited to your bank account.
Benefits and advantages of getting a two-wheeler loan from Credy
We provide small ticket affordable loans to customers to fulfill their dream of owning a bike or a two-wheeler. We assure instant approval with the quick disbursal of the loan directly to your bank account. The application process along with the final disbursal can be completed within 24 hrs, giving you the opportunity to get the money when in need quickly. We also believe in making the process as streamlined and transparent as possible. You can go to our website and check your eligibility yourself before even applying for a loan.
The application process is easy and can be completed in minutes through our loan application portal on the website itself. It makes it easier for us and the customers to ensure the quick approval of loan and disbursal within 24 hrs. You can get your loan amount credited to your bank account by the end of the day if you applied for the loan during the morning session. We keep the whole process paperless and hassle-free making it easier for you to get a loan from us.
The first and foremost step is to check your eligibility on the website portal, if you find yourself eligible, you can move on to the loan application process. In the loan application, you have 3 steps:
- Verify your work email (if you do not have a work email, no issues, you can send us an HR Letter later on).
- Provide Personal Details .
- Provide your Salary Account Information.
Completing these three steps forwards the loan application to our expert team who will do all the background checks and ensure you are eligible for the applied loan amount. Once have a green light, we forward the application to a field agent who will visit you personally and verify original documents. After collecting the report from the field agent we have a creditworthiness check and then your loan is disbursed in your bank account. (Currently, we only provide loan through bank transfer only). Additionally, as we are required to have a physical verification of the customer before the disbursal of the loan, we have a limited area of operation as of now. However, the good news is, we are expanding rapidly and soon will reach more parts of the country. Currently, you can avail of a two-wheeler loan from us in the following cities: Mumbai, Pune , Thane, Bengaluru, Chennai, and Hyderabad.
The overall experience of taking a loan from Credy
Our customers feel it's easy and hassle-free. The whole process from checking your eligibility to loan application is done on our website and Android app. You are not required to get photocopies or send our paperwork. Everything is done digitally on our secure website and app. For the physical verification, we take the responsibility of sending out our agents to your home and verify your original documents. This is the last step before we finally have a background check and disburse the approved loan amount to your bank account through bank transfer. At Credy, we believe in providing affordable loan at 1-1.5% interest rate, to ensure you can fulfil your dream of owning a bike or two-wheeler without the hefty burden of high interest rate.