Ride High on a Budget: Top Bikes Under 1.5 Lakh in India with Easy Bike Loan Options

Aug 3, 2023

5 min. Read


Authored By: L&T Finance

Ride High on a Budget: Top Bikes Under 1.5 Lakh in India with Easy Bike Loan OptionsTwo-Wheeler Loan

Ride High on a Budget: Top Bikes Under 1.5 Lakh in India with Easy Bike Loan Options

Revving engines, adrenaline rushing through your veins, and the open road stretching ahead of you—ah, the joy of riding a bike! Apart from the thrill factor, the sheer convenience when you have a bike stays unparalleled. Bikes are easy to maintain, take you wherever you want and, most importantly, can be parked literally everywhere; just make sure it's a parking zone. However, most people are not sure which one to buy and how to handle the finances. You've come to the right place if you're searching for the perfect ride that fits your budget. Strap on your helmet and get ready to explore some exhilarating bikes that won't burn a hole in your pocket. And if you need a little financial boost to make your dream bike a reality, we've got you covered with some tips on applying for a bike loan. Let's hit the road!

Bikes under 1.5 lakh in India

Financing your dream ride has never been easier, thanks to the availability of bike loans. Whether you're a seasoned rider or a newbie, we'll guide you through applying for a bike loan online, ensuring that your two wheeler dreams become a reality without breaking the bank. Motorbikes bring a lot of ease and convenience into our lives, and budget shouldn't be the reason to stop us from enjoying those benefits. Here are five bikes under 1.5 lakh in India for you to pick from.

Bajaj Pulsar NS200- Ready to unleash your inner street racer? The Bajaj Pulsar NS200 is here to make heads turn with its sporty design and powerful performance. With a price tag that falls comfortably within the 1.5 lakh range, this beast of a machine offers a thrilling riding experience without breaking the bank.

Yamaha FZS-FI- If you crave a perfect blend of style, performance, and affordability, the Yamaha FZS-FI is a solid choice. Its muscular looks, smooth handling, and fuel-efficient engine make it an ideal companion for both city commutes and weekend getaways. Plus, with a price that fits snugly under 1.5 lakh, you can ride in style without emptying your wallet.

TVS Apache RTR 160 4V- Get ready to conquer the streets with the TVS Apache RTR 160 4V. With its aggressive styling, punchy performance, and advanced features, this bike offers an exhilarating ride that won't disappoint. Best of all, it comes at a price that won't make your bank account shed a tear.

Honda CB Hornet 160R- If you're seeking a perfect balance between power, style, and comfort, the Honda CB Hornet 160R deserves your attention. This streetfighter-inspired bike boasts a refined engine, an eye-catching design, and a comfortable riding position. And guess what? It falls within the 1.5 lakh range, making it a smart choice for budget-conscious riders.

Suzuki Gixxer SF 250- Looking for a bike that combines power and sophistication? The Suzuki Gixxer SF 250 is a stunner that will leave you in awe. With its elegant styling, smooth performance, and robust engine, this quarter-litre bike offers a taste of the high life without pushing your budget boundaries.

Applying for a bike loan

Applying for a bike loan is now a cakewalk, mainly because of the convenience of online applications. Simply visit the website of your preferred lender, provide the details required, upload the necessary documents, and voila! With a few clicks, you'll be on your way to getting the financial boost you need in the form of a bike loan. Make sure to compare different loan options, check interest rates, and evaluate repayment terms to find the most suitable bike loan for your needs.

Eligibility for a bike loan

Based on the lender's policy, the eligibility can change. Borrowers need to be a minimum of 21 years, while the maximum can be 65 to 70. Lenders also prefer applicants with a stable source of income. Income is a crucial consideration as lenders evaluate your financial capacity to repay the loan. Credit history is also assessed, with a good credit score boosting your chances of approval. Even individuals with limited or no credit history may still be eligible for certain loan options. Lastly, giving the necessary documentation, like identity proof, address proof, income proof, bank statements, and photographs, is essential, though the specific requirements can vary among lenders.

Get ready to hit the road in style and experience the thrill of riding with these fantastic bikes under 1.5 lakh in India. Whether you're a speed enthusiast, a style seeker, or a commuter looking for a reliable companion, there's a bike on this list that's perfect for you. And remember, if you need a little financial assistance, bike loans are readily available with the ease of online applications. So, gear up, unleash your inner rider, and let the adventures begin.

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