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7 Reasons Why Hero FinCorp Two-Wheeler Loan is Perfect for Your Hero Bike

7 Reasons Why Hero FinCorp Two-Wheeler Loan Is Perfect For Your Hero Bike
Traffic woes are a harsh reality in India, what with all the bumpy roads, ditches and narrow lanes. Which is why, Hero bikes come in super handy when you want to navigate easily and enjoy the freedom of going anywhere, anytime. Their power, style and performance are unbeatable. However, while funding the purchase of your favourite Hero model, you must choose the perfect loan (after all, no one wants to shell out the money from their prized savings). So, a Hero FinCorp two-wheeler loan is just what you need for this. Wondering why you should choose Hero FinCorp over other options flooding the market? Read on.
 
  1. Up to 95% loan to value ratio – One of the best parts about approaching Hero FinCorp for your bike loan is that the amount sanctioned can be high enough to ensure the least stress on your wallet. You can get a loan amount that is as much as 95% of the bike’s value, which means minimum down payment. However, make sure to apply for a loan amount that you can afford to pay back easily, as higher the amount, the greater will be your loan burden.

Also Read: These 7 Cutting-Edge Hero Bikes Are Perfect For Indian Roads
 
  1. Attractive interest rates – While funding the purchase of your Hero two-wheeler, it is important to find the most competitive interest rates possible. And that is exactly what Hero FinCorp promises. As long as you meet the eligibility criteria and have a decent credit score, you will be able to negotiate efficiently and bag the best deal. Also note that a longer tenure can mean lower interest rates and smaller EMIs. However, the total interest cost of a long tenure is greater than a short one. So, choose what suits you best.
     
  2. Flexible tenures that go up to 48 months – The two-wheeler loans offered by Hero FinCorp come with flexible tenures that ensure convenience when it comes to repayment. Based on your monthly income and budget, you can choose a tenure that suits you perfectly. Long tenures keep the EMIs small, as you might already know. You can also use the EMI calculator on the Hero website to figure out the most comfortable EMI for you.
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  1. Simple eligibility and documentation – Both salaried and self-employed individuals can approach Hero FinCorp for a two-wheeler loan, as long as they are Indian nationals and adults. Salaried applicants should have been employed for a year at least, with 6 months minimum in their current job. Self-employed applicants should have been in their current business for at least a year. As far as two-wheeler loan documents go, identity and address proofs are essential, as with any other official application. Borrowers will also need to provide account statements or salary slips along with photographs. All in all, the requirements are minimal and simple.

         Also Read: Take A Two-wheeler Loan And Simplify Life
 
  1. Hassle-free processing – If you satisfy Hero FinCorp’s two-wheeler loan eligibility criteria and have all the necessary documents in place, the processing of the loan application takes minimal time. In fact, you might even get the approval in less than 15 minutes.
     
  2. Easy repayment – Multiple repayment modes, like cash, PDC, NACH, and ECS make life easy for you as a borrower. You can choose whichever mode saves your time and energy. Plus, if you manage to land some special scheme (ask Hero FinCorp representatives), repaying the loan will become way more affordable. Plus, you can also prepay the loan without attracting penalty if the foreclosure terms allow so. This way, in case you receive a large sum of money through a salary hike, lottery win or a gift from a relative, you can pay off the two-wheeler loan faster and become debt-free.
     
  3. All the little things are taken care of – Hero FinCorp makes it further easy to get a loan for your Hero two-wheeler by allowing you to pay EMIs online. You can even apply for the loan online or through the nearest dealership. There is no need for you to pledge any collateral to get this loan. Your Hero bike acts as the security until you pay the loan off entirely. The documentation and processing fees are also nominal, so as to make your experience a smooth one. And once you pay off the loan, Hero FinCorp issues the No Objection Certificate without any hassle at all.
Also Know: Apply for Two Wheeler Loan in New Delhi

By now, you know why getting a Hero bike loan from Hero FinCorp makes complete sense. All you have to do is keep your budget, need, eligibility and Hero two-wheeler price in mind when you apply for it. Hero FinCorp takes customer satisfaction seriously and can do all it takes to make your bike financing process glitch-free.
 


To Avail Two Wheeler Loans
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Did You Know

Disbursement

The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.

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