Factors that Affect SBI Two wheeler loan

  • Principal- The principal is the SBI Two wheeler loan amount that you avail from the lender or bank or NBFC. It is directly proportional to all your EMIs - lower principal of SBI Two wheeler loan will lower your monthly EMI instalments and vice versa applies.
  • Rate of interest- The rate of interest is the rate at which the lender or bank offers you the SBI Two wheeler loan. It is also directly proportional to the purchase value of your SBI Two wheeler loan EMIs.
  • Tenure- The tenure is the time within which you should repay your SBI Two wheeler loan. The tenure is inversely proportional to all your loan EMIs - longer tenure makes the monthly instalments low.

Things to consider that affect the SBI Two wheeler loan:

  1. Income Levels
  2. Stability of Income
  3. Two wheeler type, model, year, engine
  4. Credit History( loan repayment history)
  5. Employment Status for Salaried
  6. Business Longevity for Self-employed 
  7. Relationship with Lender or banker
  8. Category of Your Employer

  • Allahabad Bank