5. Improve Credit Score
Another benefit of these loans is that they can help you improve your credit score in the long run. At first, your credit score may be reduced because of a hard inquiry while taking the loan. However, timely payment of EMIs towards your two wheeler loan demonstrates good financial discipline, which directly translates to a better credit score in the future.
6. Save Your Savings
If you choose to purchase a two-wheeler on EMIs, it can significantly help your cash flow. A loan amount approved by a lending institution can also reduce the burden of shelling out a large sum of money all at once. So, even if you have to pay almost half of your monthly salary, the remaining portion can be saved or invested wisely.
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