To apply for a two-wheeler loan, you need to be 21 years old (or 18 years with a co-applicant) at the time of application) 

OR 

Less than or equal to 65 years at loan maturity; Should have stayed in the same city for a minimum of 1 year; Minimum 1 year of employment stability for Salaried & Self-employed.

The repayment tenure for a two-wheeler loan can vary depending on the lender and other factors. Typically, two-wheeler loans offer repayment tenures ranging from one year to five years. Some lenders may also offer longer repayment tenures of up to seven years in certain cases. 

Your best repayment tenure will depend on your financial situation and ability to make regular loan payments. It's important to consider your income, expenses, and other financial obligations when choosing a repayment tenure for your two-wheeler loan. 

You should also carefully review the terms and conditions of the loan agreement to ensure that you understand all of your obligations and can make timely and regular payments.

The maximum amount you can borrow when you apply for a two-wheeler loan will depend on various factors, including the lender, your income and credit score, and the type of vehicle you are purchasing. Typically, two-wheeler loans allow you to borrow up to 90% of the vehicle's purchase price, although some lenders may offer higher or lower loan-to-value ratios. The maximum loan amount may also be subject to a cap, which is the maximum amount a lender is willing to lend. This cap may be based on factors such as your income, credit score, and the type of vehicle you are purchasing. To determine the maximum loan amount you may be eligible for, you should contact the lender directly and provide them with the relevant information.

There are several different types of interest rates that are available in the market. Some of the most common types of interest rates include fixed interest rates, variable interest rates, and adjustable interest rates. 

Fixed interest rates are interest rates that remain the same for the entire term of the loan. This means that the borrower will know exactly how much their monthly payments will be for the duration of the loan. 

Variable interest rates, on the other hand, are interest rates that can fluctuate over time. This means that the borrower's monthly payments may change depending on changes in the market interest rate. 

Adjustable interest rates are interest rates that are initially fixed, but can be adjusted after a certain period of time. This means that the borrower's monthly payments may increase or decrease after the initial fixed-rate period ends. 

It's important to carefully consider the type of interest rate that is best for your financial situation before taking out a loan. Different types of interest rates can have different advantages and disadvantages, so it's important to choose the right one for your needs.

An EMI bounce is a situation in which a borrower's loan payment (EMI) is returned by the bank because there are insufficient funds in the borrower's account to cover the payment. This can happen if the borrower does not have enough money in their account to cover the EMI, or if they have forgotten to make the payment. When an EMI bounce occurs, the lender may charge a fee to the borrower to cover the costs of processing the returned payment. The exact amount of this fee will vary depending on the lender, but it is typically a percentage of the EMI amount. For example, a lender may charge a fee of 5% of the EMI amount for each bounced payment. 

In addition to this fee, the borrower may also have to pay any additional charges or penalties that are imposed by their bank for returned payments. It's important to avoid EMI bounces, as they can have negative consequences for the borrower. In addition to the fees and charges, EMI bounces can also negatively impact the borrower's credit score, which can make it more difficult for them to obtain credit in the future. To avoid EMI bounces, it's important to make sure that you have enough money in your account to cover your loan payments, and to keep track of when your payments are due.

A credit score is a representation of a person's creditworthiness. It is based on information from the person's credit history, including their payment history, credit utilization, and the types of credit they have used. Lenders use credit scores to assess the risk of lending to a borrower, and to determine the terms and conditions of a loan. A good credit score is an indication that a borrower has a history of managing their finances responsibly, and is more likely to make their loan payments on time. As a result, borrowers with good credit scores are typically offered more favorable loan terms, such as lower interest rates and higher loan amounts. 

On the other hand, borrowers with poor credit scores are considered to be a higher risk, and may be offered less favorable loan terms, or may be denied a loan altogether. For these reasons, it is important for borrowers to maintain a good credit score when applying for a loan. This can help them to secure the best possible loan terms, and make it easier for them to repay their loan. To maintain a good credit score, borrowers should make their loan payments on time, avoid maxing out their credit cards, and limit the number of credit applications they make.

The process for applying for a two-wheeler loan will vary depending on the lender, but there are generally a few steps that are common to most loan applications. 

Here is an overview of the typical process for applying for a two-wheeler loan: 

• Research lenders and compare loan offers: Before applying for a loan, it's important to research different lenders and compare their loan offers to find the best option for your needs. Look for lenders that offer competitive interest rates and repayment terms, and consider factors such as the loan amount, tenure, and fees. 
• Gather the required documents: Most lenders will require you to provide certain documents as part of your loan application. This may include proof of income, a valid identification, and other financial information. Check with the lender to find out exactly what documents you will need to provide. 
• Submit your loan application: Once you have gathered all of the required documents, you can submit your loan application to the lender. This can typically be done online, over the phone, or in person at a branch. Wait for the lender to review your application: After you have submitted your loan application, the lender will review it to assess your creditworthiness and determine if you are eligible for the loan. This process can take a few days or longer, depending on the lender. 
• Receive a decision on your loan application: Once the lender has reviewed your application, they will inform you of their decision. If your application is approved, you will receive a loan offer with the terms and conditions of the loan.

An EMI (Equated Monthly Instalment) calculator is a tool that helps you calculate the monthly instalment you would need to pay towards your two-wheeler loan. You can input the loan amount, interest rate, and tenure to get an estimate of your monthly EMI.