When buying a bike, the lender will require a certain amount as a down payment, and the rest can be converted to monthly installments. This bike loan down payment is calculated based on the following factors.
Cost of the Bike: The down payment will depend on your bike's price, whether it is high or low.
Repayment Capacity: The down payment for the bike loan is also calculated depending on your repayment capacity.
Credit Score: The higher your credit score, the higher is the amount of loan you can avail. The down payment will also ensure lower EMI's and fewer chances of defaulting while maintaining a high credit score.