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

Pulsar 150

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

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