Suzuki Access 125: Bajaj Finserv EMI and Loan Details

Suzuki Access 125: Bajaj Finserv EMI and Loan Details

Loans by Team Drivio | 12 Apr 2024

While financing Suzuki Access 125 with Bajaj Finserv, check out different EMI plans based on your loan tenure and interest rate. A detailed insight into the Suzuki Access 125 Bajaj Finserv EMI loan details can save you from penalties, late payment charges, and associated expenses.

Are you bracing up to finance your new Suzuki Access 125 motorcycle through a two-wheeler loan? For many, this scooter offers the perfect blend of performance, comfort, and reliability. As you explore different financing options from top lenders, you might think of financing Suzuki Access 125 with Bajaj Finserv. This reputed NBFC is known for its flexibility while lending to motorcycle owners. With competitive interest rates and favourable loan terms, Bajaj Finance continues to be a top choice for motorcycle owners.

In this guide, we will explore the Suzuki Access 125 Bajaj Finserv EMI loan details. Let’s check out the perks of getting your scooter financed by this lender and the flexible EMI plans they offer.

Why Finance Your Scooter Through Bajaj Finserv?

 Bajaj Finserv is currently one of the most sought-after NBFCs offering two-wheeler loans. Its innovative approach makes it an outstanding player in the market. The financing company offers a wide array of services like motorcycle financing and insurance.

The seamless application process and quick approval turnaround time promise you a hassle-free experience. Whether you are planning to purchase your first motorcycle or upgrade to a new model, you can find tailored solutions for every requirement with Bajaj Finserv.

Suzuki Access 125 Bajaj Finserv EMI loan details: Why Choose This Lender?

Here are some reasons why financing your Suzuki Access 125 through Bajaj Finserv makes sense.

  • Competitive interest rates:  Bajaj Finserv offers two-wheeler loans starting at around 12% and ranging up to 35% per annum. With favourable terms, you can qualify for affordable EMI plans.
  • Flexible repayment options: With Bajaj Finserv, you can choose from a wide range of flexible repayment options. Thus, borrowers can align the purchase with their financial capabilities.
  • Fast approval process: Bajaj Finserv has streamlined the loan approval and disbursement process. This minimises paperwork and allows the owners to acquire their Suzuki Access 125 sooner.
  • Transparent policies: Bajaj Finserv is known for its transparent policies. The lender clearly lays out its terms and conditions to prevent ambiguity or confusion down the line.
  • No hidden charges: Owners prefer financing Suzuki Access 125 with Bajaj Finserv since this lender doesn’t have any hidden charges. Being ethical in its practices, Bajaj Finance provides all the costs you need to bear upfront.
  • Access to value-added services: Beyond financing, Bajaj Finserv offers value-added services like insurance and extended warranty plans. This adds value to the owners since they have to deal with a single party.
  • Flexible loan tenure: One of the perks of seeking a motorcycle loan from Bajaj Finserv to finance your scooter is the flexibility in loan tenures. Owners can choose long tenures of up to 6 years to minimise the EMI.

Financing Suzuki Access 125 with Bajaj Finserv: List of Expenses

Before borrowing a two-wheeler loan from Bajaj Finserv, it’s imperative to know all the associated expenses. The following table presents you with all the associated costs you need to shell out apart from your EMIs.

Expense Amount
Rate of InterestUp to 35% per annum
Documentation and Hypothecation ChargesUp to Rs. 2,500/-
Stamp Duty (As per respective state)Payable as per state laws
Prepayment ChargesUp to 4.72% on outstanding loan amount
Bounce ChargeRs. 531 per bounce
Penal ChargeRs. 6 per day per installment
Instalment Default ChargeRs. 450 per month
Loan Enhancement FeeRs. 117
Legal, Repossession, and Incidental ChargesRs. 3,540
Stockyard ChargesRs. 59 per day up to 60 days
Fees for Delay in RC HypothecationRs. 1500 (one-time charge)
Cash Collection Handling ChargesRs. 177
Cash Deposit ChargesRs. 50 (per deposit)
PG Facility ChargesRs. 11 (per transaction)

Eligibility Criteria for Availing Loans

Bajaj Finserv offers affordable two-wheeler loans to Indian residents aged between 18 and 65.  Whether you are a salaried professional, self-employed, student, farmer, or homemaker, the lender offers cost-effective loans to finance your Suzuki Access 125. 

Borrowers should furnish the following documents to avail two-wheeler loans from Bajaj Finserv.

  • Bank statements: For salaried customers, bank statements reflecting salary credits for the past three months are essential. Lenders will evaluate your financial stability and ability to repay the loan based on your fund inflow.
  • Latest Salary Slips or ITR: While salaried employees need to furnish the salary slip of the latest month, self-employed individuals need to submit their Income Tax Returns (ITR). These documents serve as proof of your income and financial stature.
  • Proof of residence and income stability: Like any lender, Bajaj Finserv requests borrowers to submit their proof of residence such as utility bills or rental agreements. The lender also requires you to submit proof of stable income, which can be employment letters or business proof for self-employed individuals.

Flexible Terms and Options for Loan Repayment

Bajaj Finserv is known for its flexible loan repayment terms and options to suit your financial situation. Some key aspects of loan repayment terms include:

  • EMI plans: You can choose from various EMI plans, depending on factors like the loan tenure and down payment. Bajaj Finserv customises the EMI plans to align with your budget.
  • Loan tenure: The loan tenure refers to the duration throughout which you will repay the loan. Bajaj Finserv allows borrowers to choose flexible tenures from 2 to 6 years.
  • Prepayment or foreclosure: Bajaj Finserv allows borrowers to foreclose the loan if required. This enables you to reduce your outstanding principal amount or close the loan before the original tenure. 

End Note

Now that you know the Suzuki Access 125 Bajaj Finserv EMI loan details, you can choose the loan terms strategically. Bajaj Finserv continues to be a reliable lender, helping motorcycle lovers realise their dreams. 

Explore all the EMI plans while financing Suzuki Access 125 with Bajaj Finserv and enjoy the convenience of flexibility. With a comprehensive understanding of the loan details, eligibility criteria, and necessary documents, you can proceed to the purchase with confidence.