Hero FinCorp is a financial services company that offers two-wheeler loans at attractive rates of interest. The loan amount that can be availed of by an applicant ranges between Rs.10,000 and Rs.3.50 lakh.
The loan repayment tenure for the Hero FinCorp Two-Wheeler Loan goes up to 60 months. Up to 95% of the on-road price of the bike may be provided as a loan.
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At Hero FinCorp., you can avail yourself of loans for the purchase of two-wheelers that can be customised to suit your needs. You can also choose from a variety of loan tenures and decide the down-payment amount according to your repayment capacity.
Category | Details |
Interest Rate | Up to 36% p.a. |
Maximum Loan Amount | Rs.3.50 lakh |
Minimum Loan Amount | Rs.10,000 |
Repayment Period | Up to 60 Months |
Processing Fee | At the discretion of the company |
Prepayment Charges | At the discretion of the company |
Compare with: Lowest two wheeler loan interest rate
Hero FinCorp. two-wheeler loans are available for borrowers with the following features:
Given below is the procedure you will have to follow in order to apply for a two-wheeler loan from Hero FinCorp:
Follow the below process to apply for Hero FinCorp. loan offline:
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.
You can visit the BankBazaar website and avail the two wheeler loan emi calculator. In order to check the EMI you will have to pay on a monthly basis based on the loan amount availed by you, repayment tenure, and the rate of interest charged by the company.
Loan amount | Repayment tenure | Interest Rate | Monthly EMI payable | Total Amount Payable |
Rs.2.50 lakh | 60 months | 14.00% p.a. | Rs.5,810 | Rs.3,49,024 |
You can also avail yourself of the EMI Calculator facility available on the Hero FinCorp website.
For taking a bike loan from Hero FinCorp., the following criteria must be fulfilled:
The following documents are required when applying for a two wheeler loan:
Category | Documents |
Identity Proof | |
Address proof | |
Income proof (For salaried) |
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Income proof (For self-employed) |
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Proof of employment continuity |
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Passport size photograph |
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Some of the advantages of availing a two-wheeler loan from Hero FinCorp are:
The maximum repayment tenure on a two-wheeler loan from Hero FinCorp. is four years.
No, you should be above the age of 18 years to be able to be eligible for a two-wheeler loan from Hero FinCorp.
You can get up to 95% of your two-wheeler's price if you take a loan from the company.
It takes about 24 to 48 hours for a two-wheeler loan to be processed.
No, the eligible monthly income for two-wheeler loans at the financing company is Rs.10,000.
No, you do not need a guarantor in order to apply for a two-wheeler loan from Hero FinCorp.
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.
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