Electric scooters are gaining popularity in India. They offer an eco-friendly way to travel, reducing pollution and fuel costs. With many brands entering the market, you have plenty of choices. Brands like Ather, OLA, and Ampere are leading the charge, providing innovative and reliable options for city commuting.
The rising trend of Electric Scooters
Electric scooters are designed for efficiency, making them a popular choice for urban commuters. They have impressive battery ranges and can be charged easily at home or public stations. For example, models like the Ather 450X offer speeds of up to 90 km/h and ranges of around 116 km per charge. OLA scooters, like the S1 Pro, can reach speeds of 120 km/h and travel up to 195 km on a single charge.
In addition to their speed and range, electric scooters come with modern features that enhance the riding experience. Many models include smart connectivity options. These features allow riders to connect their smartphones for navigation, ride stats, and even remote diagnostics. Fast charging capabilities mean you can quickly recharge your scooter, whether at home or at public charging stations.
These scooters are not only efficient but also economical. Electric scooters require less maintenance compared to traditional scooters, as they have fewer moving parts and no need for oil changes. This makes them a practical and sustainable choice for those looking to make their daily commute more efficient and environmentally friendly.
Why consider a Two-wheeler Loan for Electric Scooters ?
Purchasing a top electric scooter may require a huge budget. To help with this, you can turn to two-wheeler loans. A two wheeler loan can make it easier to afford a new scooter. Here are some reasons to consider getting a two-wheeler loan:
1. 100% on-road financing:
Lenders like Bajaj Finance offer up to 100% on-road financing. This means you can cover the full cost of the scooter without a large down payment. It makes owning an electric scooter more accessible. However, the actual loan amount will depend on fulfilling the basic eligibility for a two-wheeler loan and lender policy.
2. Flexible repayment options:
With two-wheeler loans, you can choose a repayment period that works for you. Bajaj Finance offers tenures ranging from 12 to 72 months. This flexibility allows you to find a plan that fits your budget.
3. Quick approval process:
The application process for a two-wheeler loan is often straightforward. Many lenders allow you to apply online. This can lead to quicker approval, so you can get your scooter on the road sooner. On Bajaj Mall, you can book your electric scooter on EMIs directly while starting the process for a two-wheeler loan from Bajaj Finance. Minimal documentation requirements further ensure a speedy two-wheeler loan process.
4. Manageable monthly payments:
You can choose from affordable EMIs plans when you book your electric scooter on Bajaj Mall. Use a two-wheeler loan calculator to check the estimated EMIs for a vehicle. Understanding your monthly payment in advance helps you plan your finances better.
If you are interested in buying a new electric scooter, consider using a two-wheeler loan from Bajaj Finance to make your purchase. You can book your scooter online through the Bajaj Mall website or on Bajaj Mall through the Bajaj Finserv app. The online booking allows you to start your two-wheeler loan journey conveniently.
How to book an Electric Scooter with a Two Wheeler Loan
Booking an electric scooter with a Bajaj Finserv Two-wheeler Loan is simple. Here is how to get started:
- Visit Bajaj Mall: Visit the Bajaj Mall website or check Bajaj Mall on the Bajaj Finserv app.
- Select your scooter: Browse through the available electric scooters, check the applicable offers, select an EMI plan, and proceed.
- Review and confirm: Review the final details of the chosen scooter and complete the authentication process to confirm your online booking.
After you have completed these steps, a representative from Bajaj Finance will contact you to finalise the two-wheeler loan details. Close the final details and paperwork at the nearest partner showroom and get the delivery information of your new scooter.
Understanding down payment and EMI plans options
When you decide to buy an electric scooter, one important thing to consider is the down payment. This is the amount of money you pay upfront when you purchase the scooter. The down payment reduces the total amount you need to borrow. A higher down payment means you will have a smaller loan, which can lead to lower monthly payments.
After the down payment, you will finance the remaining cost with a two-wheeler loan. This is where EMI plans come into play. EMI stands for Equated Monthly Instalment. It is the amount you pay each month to repay the loan over a set period. The EMI includes both the principal amount and interest. The loan tenure can vary, usually from 12 to 72 months, depending on what works best for you.
Choosing the right EMI plan is crucial. A longer tenure means smaller monthly payments, but you may end up paying more interest overall. On the other hand, a shorter tenure means higher monthly payments, but less interest paid in the long run. It is important to find a balance that fits your budget and financial goals. Additionally, keep in mind that the actual loan offer will vary based on your eligibility for a two-wheeler loan. Understanding these details can help you make an informed decision when purchasing your new electric scooter.
Conclusion
Electric scooters are a smart choice for urban mobility. They are efficient, cost-effective, and environmentally friendly. However, the upfront cost can be a barrier for many buyers. A two-wheeler loan from Bajaj Finance can provide a simple solution, allowing you to own your preferred electric scooter without financial strain.
Visit the Bajaj Mall website or check out Bajaj Mall on the Bajaj Finserv app. Book your electric scooter online on EMIs with a Bajaj Finserv Two-wheeler Loan today.
