Factors that Affect Kotak Bank Second Hand Bike loan

  • Principal- The principal is the Kotak Bank Second Hand Bike loan amount that you avail from the lender or bank or NBFC. It is directly proportional to all your EMIs - lower principal of Kotak Bank Second Hand Bike 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 Kotak Bank Second Hand Bike loan. It is also directly proportional to the purchase value of your Second hand Bike Loan EMIs.
  • Tenure- The tenure is the time within which you should repay your Kotak Bank Second Hand Bike loan. The tenure is inversely proportional to all your loan EMIs - longer tenure makes the monthly instalments low.

Things to consider that affect the Kotak Bank Second Hand Bike loan:

  1. Income Levels
  2. Stability of Income
  3. Bike 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