My cibil is bad. Can I get bike on loan?

Pulsar 150

Q. My cibil is bad. Can I get bike on loan?
5.3K Views Follow Question Add Answer

9 Answers

Aditi | 3 years ago

If you have a bad CIBIL and still need a bike loan, you will have to compromise on a few pointers mentioned below: More down payment ~ With a bad CIBIL score you will have to pay more on the down payment. Making down payment reduces a lot of outgo on your interest rate and reduces the loan tenure. This is a suitable option as the loan amount to be repaid is less.Co-signer ~ Getting a co-signer with a good CIBIL score could be another viable option to get a two-wheeler loan. The creditworthiness of your co-signer will be taken into consideration for the loan approval.Compare multiple lenders ~ It is always wise to keep multiple options open for selecting and comparing different lenders. By doing enough research, you will be successful in getting a two-wheeler loan from the right lender with a better interest rate, terms, and conditions. You may approach banks such as HDFC or other credit institutions.

8 Reply

Mridhul | 2 years ago

@ Aditi | If you have a bad CIBIL and still need a bike loan, you will have to compromise on a few pointers mentioned below: More down payment ~ With a bad CIBIL score you will have to pay more on the down payment. Making down payment reduces a lot of outgo on your interest rate and reduces the loan tenure. This is a suitable option as the loan amount to be repaid is less.Co-signer ~ Getting a co-signer with a good CIBIL score could be another viable option to get a two-wheeler loan. The creditworthiness of your co-signer will be taken into consideration for the loan approval.Compare multiple lenders ~ It is always wise to keep multiple options open for selecting and comparing different lenders. By doing enough research, you will be successful in getting a two-wheeler loan from the right lender with a better interest rate, terms, and conditions. You may approach banks such as HDFC or other credit institutions.

I am buying a bike which cost me. 1 lakh 86 thousand And i am ready to pay 89 thousand as down payment and my cibil score is 687 so is it possible to get a bike loan

5 Reply

Meshak | 2 years ago

My condition is bad towards finance I'm unable to pay more down payment...but ipromise to pay on time without bounce of payment

1 Reply

Ravi | 3 years ago

No

0 Reply

Kardo | 2 years ago

@ Aditi | If you have a bad CIBIL and still need a bike loan, you will have to compromise on a few pointers mentioned below: More down payment ~ With a bad CIBIL score you will have to pay more on the down payment. Making down payment reduces a lot of outgo on your interest rate and reduces the loan tenure. This is a suitable option as the loan amount to be repaid is less.Co-signer ~ Getting a co-signer with a good CIBIL score could be another viable option to get a two-wheeler loan. The creditworthiness of your co-signer will be taken into consideration for the loan approval.Compare multiple lenders ~ It is always wise to keep multiple options open for selecting and comparing different lenders. By doing enough research, you will be successful in getting a two-wheeler loan from the right lender with a better interest rate, terms, and conditions. You may approach banks such as HDFC or other credit institutions.

Yes Absolutely Right To buy A bike in EMI have to paid more then 70%payment.

0 Reply

Chandreshwar | 3 years ago

No

0 Reply

Bhagaban | 3 years ago

Exchange my honda activa 125

0 Reply

Bhagaban | 3 years ago

Give a two wheeler loan

0 Reply

Amit | 2 years ago

You caN get it on EMI

0 Reply

Add your Answer

Submit Answer

From The Pulsar 150 Community

Q. I want to buy a bike , in my mind i have few choic ...

Asked by Keerthan Gowda 13 Answers
Q. Does new 150 have same weight as that of 180 - Pul ...

Asked by Gayatri Shringar 8 Answers
Q. Pulsar 150 duel disc is only self start. No kick s ...

Asked by Santhosh M 14 Answers
Q. Weight of pulsar 150 ss?

Asked by Chinmaya Rout 6 Answers
Q. Can we use this bike for more than 7 years - Pulsa ...

Asked by Vijay Kumar 7 Answers
Q. Can we fix kick start to this bike? any suggestion ...

Asked by Jagadisha Reddy 38 Answers
Q. Is the mileage good can i buy the bike for daily c ...

Asked by Zoravar Khan 39 Answers
Q. Is that pulsar 150 ug5 is a New model?

Asked by Manoj Kumar 4 Answers
Q. Can i order for single seat - Pulsar 150?

Asked by Balaram Parida 3 Answers
Q. I want to buy a bike but dont know which one. Plea ...

Asked by Mustaq Gonarkar 17 Answers

Bajaj Pulsar 150 Community Discussions

Topics you might be interested in

Motorcycle spark plug care

Spark plug care is of critical importance and is a good method to examine if the engine is running healthy
Motorcycle tyre tread check

Two-wheeler tyres are the most crucial link between the rider and the road. So don't take them lightly and pay extra attention
Motorcycle chain maintenance

Motorcycle chain endures heavy abuse and undergoes a lot of wear and tear. It is recommended that the chain is regularly cleaned and oiled for safe and sound running of the motorcycle
Motorcycle headlight and horn care

Headlights and horn are a neglected lot when it comes to bike maintenance. Here are some tips to ensure their long, troublefree operation
Motorcycle brakes care tips

For things that go fast, they must also come to a stop with equal urgency and for that the sole component responsible is the brake. Motorcycles feature a dedicated braking unit for each of the two wheels and it is highly critical that the health and well being of the braking components is regularly checked and maintained to ensure rider's safety.