In today's busy schedule, bikes or two-wheelers tend to be a blessing and have become an essential commodity for youngsters and office goers for fast commuting. Moreover, the congested roads in metro cities have led to the popularity of two-wheelers. They can easily make their path in the congested streets and reach their destination on time without much difficulty.

Many youngsters aspire for a two-wheeler as soon as they start college. Nowadays, two-wheelers are easily available, even if you do not fall under the eligibility criteria set for two-wheeler loans.

Two-wheeler loans are secured loan types, and so your bike is pledged against the loan. Two-wheeler loans eligibility criteria are relatively stringent and take time to process the loan, between 4 - 5 working days. You get a limited loan amount equivalent to your two-wheeler's value. The documents required for a two-wheeler loan are detailed for hassle-free loan processing.

So, those who are not eligible for two-wheeler loans or can't wait to acquire funds immediately can opt for an instant personal loan for the vehicle. An instant personal loan is a one-way solution to purchase a two-wheeler. Financial institutions and NBFCs provide instant personal loans with the help of instant loan apps and official websites. Instant personal loan apps are the fastest and easiest method to get a two-wheeler loan.

Why should you opt for an instant personal loan?
An instant personal loan is versatile, which means it is not restricted to approving single loans like secured loans. Instant loans can be used for multiple reasons such as debt consolidation, home renovation, marriage, education, electronic gadgets, vacation, and many other reasons. One of them being purchasing vehicles/two-wheelers.

There are several trusted instant loan apps and websites to apply for a two-wheeler loan. In contrast to the traditional method of availing a personal loan, instant personal loan apps online are the opposite. You can apply for a personal loan at your convenience.

SimplyCash, an instant quick cash loan app powered by Hero FinCorp, is a trusted instant personal loan app offering short-term loans for varied purposes. SimplyCash instant small loan app is one of the best loan apps that has intricately examined the need for instant cash to accomplish short-term goals.

Why SimplyCash for a Two-wheeler purchase?
SimplyCash instant personal loan is a completely digitized platform for availing an instant loan for a two-wheeler. It provides a loan amount starting from Rs.50,000 – Rs.1,50,000 directly into your bank account.

Listed below are the unified features and benefits of SimplyCash instant personal loan for purchasing a two-wheeler:

• Instant approval once the verification gets cleared
• No security or guarantor is required against the loan
• Flexible repayment tenure starting between 6 - 24 months
• Minimal & paperless documentation
• Fast disbursal of the loan amount within a working day
• An affordable interest rate of Rs.2.08 percent per month
• Customize loan amount as per your requirement

Eligibility Criteria for SimplyCash instant personal loan for Two-wheeler

Two-wheeler loans have strict eligibility criteria as compared to instant personal loan criteria. SimplyCash Instant loan enables minimum eligibility criteria for salaried and self-employed individuals who aspire for a two-wheeler bike:

1. Your age should be 21 – 58 years
2. You should receive a monthly income of Rs.15,000
3. Submission of last six months of bank statement
4. Six months job stability mandatory
5. A credit score is necessary but not a compulsory credential for loan approval

Hence, with the above significant benefits, an instant personal loan seems to be an ideal choice for a two-wheeler purchase.