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Get A Two Wheeler Loan In Anakapally Upto 3.5 Lakh

Enriched with greenery and beautiful views, Anakapally offers a serene environment. It has the perfect blend of traditional yet modern. The town symbolises historical beauty and temples such as Sri Lakshmi Narasimha Swamy Temple attract people, especially tourists. Anakapally is in the Visakhapatnam district of Andhra Pradesh, a bustling town known for its economic significance.

Economically, Anakapally is booming, with industries ranging from agriculture to small-scale manufacturing growth. The region is known for its agricultural products like cashew nuts, sugarcane, and paddy. In addition, industries, especially textiles and food processing, are highly impactful.

For residents and visitors looking to explore Anakapally's beauty on two wheels, Hero FinCorp offers quick and hassle-free two-wheeler loans in Anakapally with prompt approval. Whether commuting to work or exploring the scenic locales, our financing options provide the convenience and flexibility you need to own your dream bike. With Hero FinCorp, experience the joy of riding through Anakapally's picturesque scenes with an easy loan process and quick approval.

Features And Benefits of Two Wheeler Loan in Anakapally

Explore the advantages of Hero FinCorp's two-wheeler finance in Anakapally, which is tailored to meet your needs effectively.

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High Loan Amount

Get financing up to ₹3,50,000, allowing you to choose the perfect bike without constraints.

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Attractive Interest Rate

Enjoy competitive two-wheeler loan interest rates in Anakapally, starting at 14%, making it more affordable.

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Collateral Free

Secure financing without collateral, simplifying the application process and reducing paperwork hassles.

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Flexible Repayment Tenure

Benefit from flexible repayment options, allowing you to manage your finances more effectively.

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Instant Approval

Experience quick decision-making, ensuring you can hit the road on your new bike without any delays.

Eligibility Criteria for Two Wheeler Loan in Anakapally

Before applying for a two-wheeler loan in Anakapally, ensure you meet the following two wheeler loan eligibility criteria:

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Age

Applicants must be 18 years old to qualify for a two-wheeler loan in Anakapally.

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Citizenship

Only Indian citizens are eligible to apply for a two-wheeler loan in Anakapally.

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Work Experience

Salaried individuals need 1 year of work experience.

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Minimum Monthly Income

A minimum monthly salary of Rs 10,000 is required.

Documents Required to Apply for a Two Wheeler Loan in Anakapally

To make your application process easy for a two-wheeler loan in Anakapally with Hero FinCorp, ensure you have the necessary documents for two-wheeler loan ready. This will ensure a smoother and more efficient approval process, bringing you closer to owning your dream bike.

Documents Required for Salaried Employee

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Loan Application

Duly filled loan application form, Passport-size coloured photograph

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Identity Proof

Driving Licence, Aadhaar card, Passport, PAN Card, ID Card (issued by Central Government/State Government/PSUs)

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Residence Proof

Driving Licence, Aadhaar Card, Passport, Property or Municipal Tax Receipt, Ration Card, Utility Bill

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Income Proof

Salary Slips (last six months), Bank Account Statement of the last six months (salary account), Salary certificate (stating name, designation, and authorised signatory), Form 16

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Job Continuity Proof

Job offer letter from the current employer, Experience certificate from the previous employer

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Age Proof

Birth Certificate, Passport, PAN Card, Driving Licence

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Office Address Proof

(Not required for salaried employees)

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Property Documents

(Not required for salaried employees)

Documents required for Self Employed

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Loan Application

Duly filled loan application form, Passport-size coloured photograph

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Identity Proof

Driving Licence, Aadhaar card, Passport, PAN Card

Residence Proof

Driving Licence, Aadhaar Card, Passport, Ration Card, Utility Bill

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Income Proof

(Not required for self-employed)

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Job Continuity Proof

(Not required for self-employed)

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Age Proof

Birth Certificate, Passport, PAN Card, Driving Licence

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Office Address Proof

Maintenance Bill, Utility Bill

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Property Documents

Rent Agreement, SSI or MSME Registration Certificate

Interest Rates and Charges for Two Wheeler Loan in Anakapally

Enjoy competitive bike loan interest rates in Anakapally with Hero FinCorp. Starting at just 14% per annum, our financing options ensure you can afford your dream bike without exhausting your savings. With flexible repayment plans tailored to your needs, commuting or exploring scenic views becomes simple. Ride with ease and convenience with our attractive two-wheeler loan interest rates.

Maximum Loan Amount

Rs.10000 (Min) – Rs.3,50,000 (Max)

Maximum Loan Tenure

6 Months (Min.) – 60 Months (Max)

Interest Rate

14% - 36% (Upto 36 %)

Processing Fees

Up to 5% of Loan Amount

Other Fees (Promo Charges, PDD Charges, ECS charges, Doc Charges)

As per Schemes

Prepayment Charges

5% on Principal outstanding (additionally interest up to 6 months for foreclosures within 6 months from date of disbursement)

Cheque/NACH dishonor charges

350/-

Cheque Swap Charges

500/- per request

Delayed Payment Charges

3% per/ month on EMI overdue

Default Charges

Additional as applicable

Stamp duty Charges

As applicable

Re-imbursement of Collection charges

Actual

Legal, Repossession & Incidental Charges

Actual

Other Charges

As applicable

Taxes

GST and all other applicable taxes statutory levies, if any will be charged additionally.

How To Apply For a Two Wheeler Loan in Anakapally?

Owning your dream bike in Anakapally is made simple with Hero FinCorp. Here's how you can easily apply for bike finance in Anakapally:

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  • 1

    Visit the Two-Wheeler Loan section on the Hero FinCorp website.

  • 2

    Click the ‘Apply Now’ button.

  • 3

    Enter your details and select the ‘Hero MotoCorp Two-Wheeler dealership’ from where you want to buy the vehicle.

  • 4

    Select the checkbox to agree to our ‘terms and conditions’ and submit.

Frequently Asked Questions

The maximum loan amount available for a bike on loan in Anakapally is up to ₹3.5 Lakhs.
The current two-wheeler loan interest rate in Anakapally starts at 14% per annum.
Yes, you can purchase a two-wheeler on Equated Monthly Installments (EMI) through Hero FinCorp's financing options.
The two-wheeler loan interest rate starts at 14% per annum with Hero FinCorp in Anakapally.