Wanted to drive an easy to learn and maintain two-wheeler? Scooters makes the best choice in this category. They have low fuel consumption with a minimal cost of maintenance. Now, get up to 100% finance of on-road price of the new or pre-owned scooters with easy to pay monthly installments.
A scooter provides an economical and convenient means of commutation. Although, to own a scooter, it is recommended to opt for a scooter finance. This allows the customer to enjoy easy rides on the scooter by paying the calculated monthly installments. The deciding factors for a scooter loan are the type of vehicle (new or used), model, repayment tenure, applicant's net income, source of income, employment type and credit score.
What are the documents required for a scooter loan?
Mentioned below is the required set of documents:
What are the tenure options available for a scooter loan?
The options available are from 1 year (12 months) to 7 years (84 months).
Can I get a loan for the purchase of a used scooter?
Yes, you can get a loan for the purchase of a pre-owned scooter. However, it is difficult to get a loan against a scooter that is more than 10 years old.
What is the maximum amount I can borrow for the purchase of new/used scooter?
You can get finance of up to 100% for the purchase of a new or used vehicle. The deciding factor for the purchase of a new car is the customer's profile. Whereas, for a used car the finance is decided based on the age, condition, kilometers driven by the vehicle.
What is the minimum income required for an employed professional, to apply for a scooter loan?
The net monthly income should be Rs.12,500/- and net annual income of 1.5 lakhs.
Can I pre-pay the loan amount?
Yes, you can pre-pay the loan amount before the completion of deputed timelines.
How do I approach Droom Credit for a Scooter Loan?