Hero FinCorp Two-Wheeler Finance
Hero FinCorp, started in 1991 as Hero Honda FinLease Limited, is one of India's fastest growing non-banking financial companies, serving millions of customers. The company currently has 2000 retail finance touch points and has worked with more than 2000 corporate clients.
Table of Contents
Features of Hero FinCorp Bike Finance
Hero FinCorp. two-wheeler loans are available for borrowers with the following features:
- Loan Amount: The Company covers 95% of the vehicle's price as the loan amount under the two-wheeler loan plan.
- Repayment Period: Hero FinCorp. allows borrowers taking a loan for purchase of two-wheelers to make the loan repayment up to a tenure of 5 years.
- Loan Approval: Two-wheeler loans at the financing company are processed in a span of 24 to 48 hours. The processing and approval at Hero FinCorp. also depends on the validity of documents submitted and verification followed after that.
- Flexible Loan Amount: You can avail a loan amount ranging between Rs.10,000 and Rs.3.50 lakh for all Hero MotoCorp two-wheelers.
- Quick Decisioning: Once you submit the application form, the company will take only 15 minutes to review your form and make a decision whether you are eligible to avail the loan or not.
How to Apply for a Two-Wheeler Loan from Hero FinCorp
Online Application Process
Given below is the procedure you will have to follow in order to apply for a two-wheeler loan from Hero FinCorp:
- Visit the official website of Hero FinCorp.
- On the top right-hand side of the page, click on ‘Apply Now’.
- Next, click on ‘Two-Wheeler Loan’.
- Fill in all the required details on the application form.
- Select the checkbox to agree to the ‘Terms and Conditions’ and click on ‘Verify OTP’.
- Select the Hero MotoCorp dealership from where you wish to purchase the two-wheeler vehicle.
- Submit the application form after the verification process has been completed.
- Once your application form is submitted, a representative from the company will get in touch with you.
Compare with: Lowest two wheeler loan interest rate
Offline Application Process
Follow the below process to apply for Hero FinCorp. loan offline:
- Visit the nearest Hero MotoCorp dealership.
- Talk to the representative and submit the filled-up application form.
- Submit all the required valid documents along with a passport size photograph.
If the documents and details in the form are correct, the representative will then contact you and will further help you with the two-wheeler loan process.
Hero FinCorp Bike Loan Eligibility
For taking a bike loan from Hero FinCorp., the following criteria must be fulfilled:
- The candidate must be at least 18 years old
- The maximum age limit for obtaining a two-wheeler loan from Hero FinCorp is 65 years at the time of loan maturity
- The candidate must be self-employed or salaried, have been employed for at least a year, and have lived in the current home for a year
- You can get up to INR 1,00,000 financing on the vehicle's on-road pricing, or up to 95% financing
- The maximum time frame for loan repayment is 48 months
- The purchase of a two-wheeler is hypothesized
- Depending on the clients' credit profile, the interest rate may fluctuate.
Documents Required for Hero FinCorp Two-Wheeler Loan
The following documents are required when applying for a two wheeler loan:
- Completed loan application
- Three passport-sized photos
- Proof of identity such as photocopies of voters' ID cards, passports, driving licenses, and IT PAN cards
- Photocopies of current telephone and electricity bills serve as proof of address
- Bank account and passbook statement for the previous six months
- Form 16/IT returns for salaried personnel from the previous two financial years
- IT returns over three years for self-employed professionals
Advantages of a Two-Wheeler Loan from Hero FinCorp
Some of the advantages of availing a two-wheeler loan from Hero FinCorp are:
- You can obtain a loan for up to 95% of the bike's value, requiring a low-down payment
- Interest rates are attractive
- Term lengths that are flexible up to 48 months
- Quick and easy processing
- Simple repayment
- All the small things are taken care of.
FAQs on Hero FinCorp Two-Wheeler Finance
- What is the maximum repayment tenure that I can opt for when I take a two-wheeler loan from Hero FinCorp.?
The maximum repayment tenure on a two-wheeler loan from Hero FinCorp. is four years.
- I am 17 years old and looking to finance the purchase of a two-wheeler from Hero FinCorp. Will I be eligible to apply for the loan?
No, you should be above the age of 18 years to be able to be eligible for a two-wheeler loan from Hero FinCorp.
- What is the percentage of loan that I can avail of from Hero FinCorp. under a two-wheeler loan scheme?
You can get up to 95% of your two-wheeler's price if you take a loan from the company.
- How much time does a two-wheeler loan take to be processed at Hero FinCorp.?
It takes about 24 to 48 hours for a two-wheeler loan to be processed.
- I have a monthly income of Rs. 8,500. Will I be able to get a two-wheeler loan from Hero FinCorp.?
No, the eligible monthly income for two-wheeler loans at the financing company is Rs.10,000.
- Do I need a guarantor in order to apply for a two-wheeler loan from Hero FinCorp?
No, you do not need a guarantor in order to apply for a two-wheeler loan from Hero FinCorp.
- Is there any way to lower my loan rate of interest?
Yes, you can lower your loan rate of interest by increasing your bike's down-payment, improving your credit history, and applying for a loan from your existing lender.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.