What Is A Two-Wheeler Loan?
Powered by Muthoot Capital Services Ltd, you can now apply for a Two-Wheeler loan on our platform - Muthoot FinCorp ONE. You can also easily repay the loan amount in installments over a set period of time.
But What Is A Two-Wheeler Loan?
A Two-Wheeler Loan from Muthoot Capital Services Ltd, available on Muthoot FinCorp ONE, allows you to effortlessly acquire your desired bike or scooter without the burden of paying the full amount upfront.
Offering quick disbursal, low-interest rates, and hassle-free documentation, this loan ensures a seamless process, allowing you to get your new ride with minimal stress.
With straightforward repayment options and the flexibility to manage your loan through the Muthoot FinCorp ONE app, making it the ideal solution to make your dream two-wheeler ownership a reality.
Now that we know what a Two-Wheeler loan is, let us explore the perks that come with it:
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Quick Disbursal: As stated above, with our Two-Wheeler loan, quick disbursal ensures that you don't have to wait endlessly to get your dream vehicle.
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Low Interest Rates: One of the significant advantages of a Two-wheeler loan is the low-interest rates. This means you don't have to end up paying a hefty amount in interest, making the overall cost of your Two-Wheeler more manageable.
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Easy Documentation: No more lengthy paperwork. Our Two-Wheeler loans come with straightforward and hassle-free documentation processes, making it easier for you to focus on the joy of your new ride.
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Quick Approval: No one likes to wait, especially when you are excited about your new Two-Wheeler. With minimal paperwork and quick approvals, you can get your loan faster than ever.
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Hassle-Free Loans: The entire loan process is designed to be quick and convenient. You won't find yourself caught up in unnecessary complications, allowing you to enjoy your new Two-Wheeler without stress.
How To Apply For A Two-Wheeler Loan On Muthoot FinCorp ONE?
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Step 1: Download the Muthoot FinCorp ONE app.
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Step 2: Click on the ‘Two-Wheeler Loan’ card on the home page.
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Step 3: You will now be redirected to the Two-Wheeler Loan landing page, where you will find a card - 'Two-Wheeler loans Made Easy.'
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Step 4: Fill in your required loan amount and click submit.
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Step 5: Now sit back, our customer support representatives will reach out to guide you through the remaining process.
Along with applying for a Two-Wheeler Loan on Muthoot FinCorp ONE, you can also manage its loan repayments, check your payment details, foreclose your loan and make partial payments. Let’s see how:
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Repaying Your Two-Wheeler Loan EMIs: To make a repayment, all you need to do is, log in to the Muthoot FinCorp ONE app using your registered mobile number. Click on the Payments tab, then go to Vehicle Loans, and choose to pay your EMI along with any additional charges you have to pay.
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Checking Payment Details: To review the payments made against your loan, log in to the Muthoot FinCorp ONE app, go to the Profile section, and click on My Orders under the Vehicle Loans tab to view all transactions.
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Loan Foreclosure: Additionally, if you wish to close your Two-Wheeler loan earlier than planned, you can use the 'Foreclosure' option. Pay all charges and due installments in one go to clear your loan.
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Partial Payments: You also have the flexibility to pay a portion of the due installment along with the additional charges. Keep in mind that the maximum total amount for payment is the foreclosure amount, and the minimum is Rs. 20.
Remember, a Two-Wheeler loan is your ticket to owning your dream bike or scooter in a hassle-free manner. With quick disbursal, low interest rates, easy documentation, quick approval, and seamless processing, it makes your journey smooth and enjoyable.
About Muthoot FinCorp ONE
Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.
As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.
Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.
So what are you waiting for? Head to the Play Store and download the Muthoot FinCorp ONE app. You can also visit the website today to know more.
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