Apply for Navi Personal Loan to buy second hand bikes
What is a Second Hand Bike Loan?
Having a two-wheeler adds a lot of convenience to your life, especially in terms of daily commute. However, purchasing a brand new bike might not be affordable for everyone. In such a situation, instead of unlocking your savings, getting a second hand bike loan can be a good option. Alternatively, you can get a personal loan with Navi to finance your second hand bike.
While getting a pre-owned bike loan is an option, availing a personal loan with Navi for second hand bike purchase is more feasible. Enjoy instant approval, competitive interest rates and flexible EMI options. So, go for Navi Personal Loan if you are looking for a convenient and simple process to finance your preferred second hand bike.
Features and Benefits of Second Hand Bike Loan
Features and Benefits of Second Hand Bike Loan
How to Apply for a Second Hand Bike Loan with Navi?
How to Apply for a Second Hand Bike Loan with Navi?
Eligibility Criteria and Documents Required
Indian Resident 18-65 years of age
PAN Card Holder
Salaried or Self-Employed
Aadhaar Card Holder
Second Hand Bike Loan Interest Rates in India
| Interest Rate | 9.90% p.a. onwards |
| Processing Fee | Up to ₹7,500 |
| Loan Amount | Up to ₹20 lakh |
| Loan Prepayment Fee | Nil |
| Loan Tenure | Up to 72 months |
How to Calculate EMI on Personal Loan for Second Hand Bike?
Calculate your EMI obligations beforehand to better plan and manage your finances. The formula for personal loan EMI calculation is as follows:
EMI = P × r × (1 + r)n/((1 + r)n – 1) where P= Loan amount, r= interest rate, n=tenure in number of months.
However, calculating EMI manually can be tedious and time consuming. As an alternative, you can use our second hand bike loan EMI calculator to instantly check your monthly repayment obligations. All you need to do is select the loan amount, tenure and interest rate, and you shall be able to view the EMI amount.
Second Hand Bike Loan Calculator
Loan Amount
Rate of Interest (P.a)
%
Loan Tenure (Months)
months
Monthly EMI
0
Total Interest
Total Amount
Why Choose a Navi Personal Loan to Purchase a Second Hand Bike?
Convenience
No heavy paperwork. Minimal documents. Instant disbursal. Applying for a personal loan is a breeze when you have Navi by your side. Download the Navi app and apply for a personal loan from anywhere, anytime and on the go.
Customer-first experience
The Navi app is designed to provide superior customer experience. Housing a user-friendly and easy-to-navigate interface, applying for a loan has never been easier. The entire loan journey - from application to disbursal - just takes a few minutes of your time.
Competitive pricing
Enjoy attractive interest rates and zeo foreclosure charges with Navi Personal Loan. This positions Navi Personal Loan as one of the most affordable loan products in the market.
Various Use Cases of Personal Loan
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