When Is It The Ideal Time To Apply For A Two Wheeler Loan?
India has one of the largest populations in the world. Therefore, it is quite common to leave your home and be greeted with a traffic jam first thing in the morning when you are travelling to reach office or college. Even when travelling back home during peak hours, you will be greeted with heavy traffic. So what is the best way to overcome this traffic woe?
A two wheeler is the ideal choice to make in this scenario. You can easily purchase such a vehicle with a loan that requires just a few quick and easy steps. While this type of loan does not require much effort and submission of documents, it should be noted that there are certain times where one can get the best deals on their application for the loan.
We give you the list on when is the best time to apply for this loan:
Festive Seasons:
The festive season is an ideal time to purchase your vehicle. During this time, most of the loan and vehicle loan interest rates are lowered. During this time, a lot of individuals make a lot of purchases as gifts for family and friends and thereby provide low prices to attract customers. Festivals like Diwali and Dussera make for an ideal time for purchasing vehicles, especially two-wheelers. Most of the rates of this vehicles are offered anywhere between half to three forth of its original price. If you are applying for a loan, use the two wheeler loan EMI calculator to calculate the appropriate amount you will need to submit, in order to provide an easy and stress free mode of repayment.
End of the Year:
Most companies now come out with different models that are produced every year. These models are normally sold at the beginning of the year whereas the old models for the same year or earlier years are sold at the end of the year. Thus, most of the previous years model is sold at a low rate at the end of the year, because retailers wish to sell out their current stock. The ideal time, thus, to make a purchase is between the months of December and mid-March. During this time, apply for two wheeler loan and use the EMI calculator to calculate the amount you will need to apply for and then proceed with the application.
Monsoon:
During the monsoon season, the level of vehicle purchases drop. This is due to the fact that it is nearly impossible to travel around during this season. Heavy sporadic rains and flooding on the roads make it nearly impossible if not dangerous to travel, especially via a bike or scooty. However, in order to attract potential customers, most of the vehicle institutes lower their prices. During this time, it is ideal to apply for the right loan amount using the two wheeler loan EMI calculator. Once you have calculated the amount to suit your needs, you can begin your application process to purchase your vehicle.
A two wheeler is the ideal choice to make in this scenario. You can easily purchase such a vehicle with a loan that requires just a few quick and easy steps. While this type of loan does not require much effort and submission of documents, it should be noted that there are certain times where one can get the best deals on their application for the loan.
We give you the list on when is the best time to apply for this loan:
Festive Seasons:
The festive season is an ideal time to purchase your vehicle. During this time, most of the loan and vehicle loan interest rates are lowered. During this time, a lot of individuals make a lot of purchases as gifts for family and friends and thereby provide low prices to attract customers. Festivals like Diwali and Dussera make for an ideal time for purchasing vehicles, especially two-wheelers. Most of the rates of this vehicles are offered anywhere between half to three forth of its original price. If you are applying for a loan, use the two wheeler loan EMI calculator to calculate the appropriate amount you will need to submit, in order to provide an easy and stress free mode of repayment.
End of the Year:
Most companies now come out with different models that are produced every year. These models are normally sold at the beginning of the year whereas the old models for the same year or earlier years are sold at the end of the year. Thus, most of the previous years model is sold at a low rate at the end of the year, because retailers wish to sell out their current stock. The ideal time, thus, to make a purchase is between the months of December and mid-March. During this time, apply for two wheeler loan and use the EMI calculator to calculate the amount you will need to apply for and then proceed with the application.
Monsoon:
During the monsoon season, the level of vehicle purchases drop. This is due to the fact that it is nearly impossible to travel around during this season. Heavy sporadic rains and flooding on the roads make it nearly impossible if not dangerous to travel, especially via a bike or scooty. However, in order to attract potential customers, most of the vehicle institutes lower their prices. During this time, it is ideal to apply for the right loan amount using the two wheeler loan EMI calculator. Once you have calculated the amount to suit your needs, you can begin your application process to purchase your vehicle.
