Know how you can qualify for a two-wheeler loan as a student. - PowerPoint PPT Presentation

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Know how you can qualify for a two-wheeler loan as a student.

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As a student, qualifying for a two-wheeler loan may be a bit challenging as you may not have a steady income or credit history. However, there are some steps you can take to improve your chances of qualifying for a two-wheeler loan: – PowerPoint PPT presentation

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Title: Know how you can qualify for a two-wheeler loan as a student.


1
Learn How To Get A Student Bike Loan
2
Is A Two-Wheeler Loan Available To Students?
  • Yes, if the student meets certain criteria.

3
Age Factor 
  • A parent who signs as a co-applicant must not be
    a retiree.

4
Creditworthiness
  • Your co-applicant must not have a history of loan
    defaults.

5
Monthly Income 
  • Consistent income flow is necessary
  • You can get approval even if your parent has a
    low income.

6
Debt-To-Income Ratio 
The co-applicant must have a lower debt coverage
ratio.
7
Resale Amount 
  • The bike you intend to buy must have decent
    resale value.

8
Tips For Applying For A Student Bike Loan 
  • Before applying, do some research on rates and
    offers.
  • Have all of your KYC and income documents in
    order. 
  • Have a solid repayment strategy.

9
  • Obtaining a bike loan as a student is simple if
    you or your co-applicant meet the lender's
    qualifying criteria.

10
Thanks
Would Love to hear from you. Hero FinCorp
Limited 09, Basant Lok, Vasant Vihar, New Delhi
-110057 Tel 18001024145. Email
customer.care_at_herofincorp.com Website-
https//www.herofincorp.com Visit here- Know how
you can qualify for a two-wheeler loan as a
student. 
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