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Owning a two-wheeler is the dream of a majority of those who currently avail public transportation to commute regularly.An automobile cannot surpass the convenience and cost-effectiveness that comes with a two-wheeler. Due to the regular entry of new and sophisticated two-wheeler models in the Indian market, the demand for these vehicles is always on the rise. With most of these customers dependent on financial assistance, lenders such as Hero FinCorp have made it easier for both rural and urban customers to avail loans from them. Before availing a loan, it is imperative to understand its features and eligibility criteria to ensure it is the best option for you.

Features of Hero FinCorp Two-wheeler loans

Two-wheeler loans from Hero FinCorp come with a range of attractive features.

  • Loan amount of INR 10,000 to INR 1, 00,000 depending on the cost of the vehicle, the documents produced, and the repayment capability of the borrower.
  • Up to 95% of the on-road price of two-wheeler as loan amount.
  • Nominal interest rates on two-wheeler loans.
  • Flexible tenures of up to 4 years (48 months).
  • Easy and hassle-free documentation process.
  • The provision to prepay your loan as per our foreclosure terms.

Documents needed for a Two-wheeler loan

At Hero FinCorp, the following documents are mandatory to process a two-wheeler loan application:

  • KYC Documents:

KYC or Know Your Customer documents refer to any documents that establish the identity of an individual. The KYC documents generally include a photo-based identity proof and an address proof with or without photograph. These documents help us ensure that the applicant is making a genuine request and it further helps process the application effortlessly. Documents such as Aadhar card, Driving License, Passport, Voter’s card etc. serve as ideal address and identity proof documents. PAN card also serves the purpose of identity proof document.

  • Income Proof:

For both salaried and self-employed individuals, income proof documents are mandatory. Last few months’ bank statements, salary slip (in case of salaried professionals) etc. can produced as evidence of income. These documents give the assurance to the lender that you have the income to pay the monthly EMIs.

  • Photograph:

One passport-size photograph is required in the application form for two-wheeler loans. This can be of help in case of future reference of the application.

All documents listed above are mandatory. Loan applications cannot be processed without proper submission of the relevant documents and a duly filled application form. The submitted documents will go through a verification process, after which, Hero FinCorp will approve loans to eligible applicants.

 Eligibility for a Two-wheeler loan

Each lender has different eligibility criteria as pre-requisites from the loan applicants. At Hero FinCorp, the terms for availing a two-wheeler loan are easy on the customer. Both salaried and self-employed Indian professionals above the age of 18 are eligible for a two-wheeler loan through Hero FinCorp. Salaried employees must have a minimum work experience of one year, with at least 6 months with the current employer. Those who are self-employed must be in the business for one year or more to be eligible to apply.

Hero FinCorp Advantage

The Hero FinCorp two-wheeler loans have the following benefits:

  • A variety of repayment modes (PDC, ECS, NACH, Cash, Credit Card, Wallet, Debit Card, Netbanking etc.) for making monthly payments (EMI).
  • Loan amounts considerably higher than what our competitors offer.
  • Competitive interest rates, minimal documentation, and flexible tenure options add to your advantage.
  • Transparent documentation process and well-experienced relationship managers can help you own your dream motorbike without much hassle.
  • Loan approval in 15 minutes with appropriate documents.
  • An online EMI payment tool that makes it easy for our customers to pay their instalments or clear the dues without having to personally visit the branch.
  • Those making timely payments are also eligible for special loan schemes in the future.

Before you choose a two-wheeler loan, understand the terms and conditions associated with the financing. Ask relevant questions with the relationship managers regarding the processing fee and NOC (which will be sent to your address after completion of loan payment), to ensure you completely understand and agree to the terms before signing up for the service.


Did You Know


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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