High Loan Amount
Get up to Rs 3.5 Lakh depending on your requirement and eligibility.
Two Wheeler Loan EMI Calculator
Get Instant Bike Loan
Looking to fulfill your dreams of hitting the open road on your very own motorcycle? Look no further! Our financing options have got you covered with 100% on-road financing, so you won't have to worry about any additional funds. Plus, we offer a flexible repayment tenure of up to 60 months, so you can choose a plan that suits your budget and lifestyle.
Two-Wheeler Loan Features & Benefits
Loans for 2-wheelers are an excellent option for those looking to purchase a bike or scooter. They offer several benefits and features, including-
Flexible Repayment Tenure
Choose a tenure of up to 60 months as per your repayment capacity.
Quick Approval
Get quick loan approval with instant decisioning in minutes.
Hassle-Free Loan
Get a two-wheeler loan easily with minimal formalities and simple terms.
Easy Documentation
Our Two-Wheeler Loans have minimal documentation requirements.
LTV Ratio Up to 95%
Finance up to 95% of your two-wheeler’s cost with our Two-Wheeler Loan.
Two-Wheeler Loan Eligibility Criteria
Get a bike loan of up to Rs 3,50,000 or 95% of the bike's market value with a flexible repayment tenure of up to 60 months, by checking the below criteria -
Age
Applicants must be at least 18 years old to apply for a loan.
Citizenship
Only Indian citizens residing in India can apply for this loan.
Work Experience
A minimum of one year of work experience is required for eligibility.
Monthly Income
A minimum monthly income of Rs 10,000 is required for approval.
Documents Required for Two-Wheeler Loan
Whether you're a salaried or self-employed individual, we've got you covered with our easy documentation requirements -
Documents required for Salaried
Mandatory Documents
Duly filled loan application form, Passport size colored photograph
Identity Proof
Driver’s Licence/ Aadhaar card/ Passport/ PAN Card/ ID Card issued by Central Government/ State Government/ PSUs
Residence Proof
Driver’s Licence/ Aadhaar Card/ Passport/ Property or Municipal Tax Receipt/ Ration Card/ Utility Bill
Income Proof
Salary Slips (last six months), Bank Account Statement of last six months (salary account), Salary certificate (stating name, designation, and authorised signatory), Form 16
Job Continuity Proof
Job offer letter from the current employer and Experience certificate from the previous employer
Age Proof
Birth Certificate/ Passport/ PAN Card/ Driver’s Licence
Required Documents for Self-Employed
Mandatory Documents
Duly filled loan application form, Passport size colored photograph
Identity Proof
Driver’s Licence/ Passport PAN Card/ Aadhaar card
Residence Proof
Driver’s Licence/ Passport/ Aadhaar Card/ Ration Card Utility Bill
Office Address Proof
Maintenance Bill/ Utility Bill/ Property Documents/ Rent Agreement/ SSI or MSME Registration Certificate
Business Existence Proof
Copy of Tax Registration/ Shop Establishment Proof /Company’s Registration Certificate
Income Proof
Last six months' bank statement, Recent Income Tax Return (ITR)
Why Choose Hero FinCorp Two-Wheeler Loan?
Hero FinCorp offers several benefits when it comes to its Two-Wheeler Loans, some of which are:
Minimum Paperwork
Hero FinCorp’s Two-Wheeler Loan requires minimal documentation for a hassle-free application.
Repayment Tenure
Use a Two-Wheeler Loan EMI Calculator to choose a suitable tenure of up to 60 months.
Competitive interest rates
Our interest rates start from 14% per annum.
Quick Approval
Get quick loan approval with instant decisioning within a few minutes.
Overall, Hero FinCorp's Two-Wheeler Loan is a great option for those looking for a hassle-free and affordable way to finance their two-wheeler purchase.
Factors Affecting Two-Wheeler Loan Interest Rate
Two-Wheeler Loan interest rates vary from one lender to another. The rates are generally dependent on the following factors:
At Hero FinCorp, we offer a competitive two-wheeler loan interest rate that suits your budget and finances.
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Frequently Asked Questions (FAQs)
The processing time for a loan on a two-wheeler takes anywhere from a few hours to a few days, depending on the documentation submitted and the eligibility criteria met.
Yes, CIBIL score or credit score is an essential factor considered by us while evaluating a loan application. A good credit score helps in getting loan approval quickly and also improves the chances of getting a better interest rate.
Individuals who are 18 years and above and have a regular source of income are eligible to apply for a loan on two-wheeler. We may also consider other factors such as employment stability, credit score, and repayment capacity while evaluating the loan application.
As the name suggests, a zero down payment bike loan allows you to purchase a bike without having to pay any initial payment upfront. This loan option is beneficial for those who cannot afford to pay a lump sum amount at the time of purchasing a bike. With a zero down payment loan on the bike, you can finance the entire cost, making it easier to finance your bike without having to worry about the initial financial burden. However, it is important to carefully evaluate the terms and conditions of the bike loan before applying.
The loan for bike status can be checked online through our website or mobile app. You will need your loan application number and registered mobile number to access the loan status.
No. We require proof of income to assess your repayment capacity and ensure that you can repay the loan on time. Income proof can be in the form of salary slips, bank statements, or income tax returns.
The repayment period for a Two-Wheeler Loan can range from 6 months to 60 months.
Yes, we offer loans for high-end motorcycles or superbikes. However, the eligibility criteria and terms and conditions may be different from regular Two-Wheeler Loans.
Yes, we offer zero down payment Two-Wheeler Loans. However, the interest rate may be higher, and the loan amount may also be limited. It is advisable to check the terms and conditions before availing of such a loan.
Your loan will be processed quickly depending upon the documents and verification requirements.
Yes, this can be done as per the foreclosure terms mentioned in your
loan agreement.
Yes. Once you clear your loan without any defaults, you may be eligible for a special scheme.
Yes. However, any loan approval will be based on your credit score and eligibility for the given product.
No, neither can be changed.
Yes! You can pay your installment and other dues online through our Online EMI payment option, located on the header of our website.
You need to visit a Hero MotoCorp Two-Wheeler Dealership and ask for a Hero FinCorp representative, we will be happy to assist you with your loan requirement. You may also visit our website or Social Media Pages and provide your contact details, post which our representative will get in touch with you shortly.