Bajaj Auto Rickshaw is an economical and efficient mode of transport for many people in India. It is a popular choice for those who need to travel short distances. As with any vehicle, the cost of a Bajaj Auto Rickshaw can be expensive. To make it more affordable, many people opt to make a down payment on the vehicle. Understanding the process of making a down payment on a Bajaj Auto Rickshaw can help make the process easier.
Eligibility
In order to be eligible to make a down payment on a Bajaj Auto Rickshaw, the buyer must meet certain criteria. The buyer must be at least 18 years of age and have a valid driver’s license. They must also have the ability to make a down payment of at least 10% of the total cost of the vehicle. The buyer must also have proof of income or financial stability in order to show that they are able to make payments on the remaining balance.
Documentation
When making a down payment on a Bajaj Auto Rickshaw, the buyer will need to provide certain documents. These documents include proof of identity, proof of address, and proof of income. The buyer will also need to provide a copy of the vehicle registration and insurance documents. All of these documents must be provided in order to complete the down payment process.
Payment
Once the documents are submitted, the buyer will need to make the down payment. This payment can be made through cash, debit card, or credit card. The buyer will also need to provide proof of payment, such as a receipt or bank statement.
Registration
Once the down payment is made, the buyer will need to register the vehicle. This can be done at the local Regional Transport Office (RTO). The buyer will need to provide the registration documents, proof of payment, and other necessary documents. Once the registration process is complete, the buyer will be able to use their Bajaj Auto Rickshaw.
Making a down payment on a Bajaj Auto Rickshaw is a relatively straightforward process. The buyer must meet certain criteria, provide all of the necessary documents, and make the down payment. Once the down payment is made, the vehicle can be registered and the buyer will be able to use their Bajaj Auto Rickshaw.
Travelling through city roads and highways continues to be a tedious and cumbersome task, which can be quite taxing on one’s wallet. Bajaj Auto Rickshaw is one such popular mode of transport in India, used primarily by the working class to reach their destination. Now, commercial Bajaj Auto Rickshaw owners can look forward to a more affordable purchase with an easier down payment policy.
Through this offer, one can own a Bajaj Amaron or Exide-powered Bajaj Auto Rickshaw for a down payment of just Rs 12,000. Also included in the terms of purchase are no age limit for purchasing a vehicle, no particular criteria for physical or mental health and zero documentation.
The interest rates for this loan scheme are as low as 6.99% per annum. One can even avail the moneylender’s interest rates at 8.99% per annum, depending upon mutual agreement between the customer and Bajaj Auto. Furthermore, for those buyers who are looking for a larger down payment to reduce their regular loan payments, the company is introducing a conditional down payment scheme. Based on the customer’s profile, the down payment can be adjusted to a maximum of Rs 30,000.
The repayment period is flexible, ranging from 12 months up to 48 months, depending upon what the customer is comfortable with. Bank financing options are also available, with a few select banks taking most of the burden of repayment. Additional incentives are available for existing Bajaj owners and those customers who have been its customers for the past 3 years.
This scheme is aimed at helping its customers make a more affordable purchase without having to worry about the down payment amount. With its easy terms of purchase as well as flexible repayment periods and attractive interest rates, the Bajaj Auto Rickshaw down payment scheme is sure to help make the purchase of a vehicle not just more convenient, but more economical as well.