High Loan Amount
Get the money you need to buy your preferred scooter or motorcycle. We offer loans ranging from Rs 10,000 to Rs 3,50,000.
Two Wheeler Loan In Eluru
- Loan up to Rs 3.5 Lakh
- Longer Tenure
- No Hidden Charges
- Flexible Repayment
Two Wheeler Loan EMI Calculator
Get A Two Wheeler Loan In Eluru Upto 3.5 Lakh
Eluru, the headquarters of West Godavari district in Andhra Pradesh, seamlessly blends heritage with economic dynamism. Steeped in history, Eluru is known for the Kolleru Lake, one of India's largest freshwater lakes, a haven for birdwatchers and nature enthusiasts. The city thrives on its rice mill industry, a key part of the agricultural sector. Eluru also boasts a long tradition of handloom weaving, keeping the cultural spirit alive. This unique combination makes Eluru an attractive place to visit, live, and work. The best way to commute in the city is by bike or scooter.
Hero FinCorp offers Two-Wheeler Loans in Eluru, providing financial support when you want to buy your dream bike. With competitive interest rates and minimal documentation, securing a loan is hassle-free. Benefit from quick approvals and flexible repayment options designed to suit your budget. Trust Hero FinCorp in Eluru for reliable and efficient Two-Wheeler Loan services, helping you achieve your financial goals effortlessly.
Features And Benefits of Two Wheeler Loan in Eluru
Here are the key features and benefits of securing a Two-Wheeler Loan in Eluru from Hero FinCorp:
Attractive Interest Rate
Save on your monthly instalments with our attractive Two-Wheeler Loan interest rates, starting at 14% per annum.
Collateral Free
You don't have to risk any assets to secure a Two-Wheeler Loan from Hero FinCorp.
Flexible Repayment Tenure
Choose a repayment plan ranging from 6 to 60 months that fits your budget comfortably.
Instant Approval
Get instant approval on your loan application so you can buy your dream bike sooner.
Eligibility Criteria for Two Wheeler Loan in Eluru
Here are the various eligibility criteria to get a bike loan in Eluru:
Age
Ensure you are at least 18 years of age.
Citizenship
You should be a citizen of India.
Work Experience
A minimum of one year of work experience is required for eligibility.
Monthly Income
You must earn a minimum monthly income of Rs 10,000.
Documents Required to Apply for a Two Wheeler Loan in Eluru
Here are the documents required for a salaried person and self employed individuals wanting to apply for a Hero FinCorp Two-Wheeler Loan:
Documents Required for Salaried Employee
Loan Application
Duly filled loan application form, Passport-size coloured photograph
Identity Proof
Driving Licence, Aadhaar card, Passport, PAN Card, ID Card (issued by Central Government/State Government/PSUs)
Residence Proof
Driving Licence, Aadhaar Card, Passport, Property or Municipal Tax Receipt, Ration Card, Utility Bill
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
Job Continuity Proof
Job offer letter from the current employer, Experience certificate from the previous employer
Age Proof
Birth Certificate, Passport, PAN Card, Driving Licence
Office Address Proof
(Not required for salaried employees)
Property Documents
(Not required for salaried employees)
Documents required for Self Employed
Loan Application
Duly filled loan application form, Passport-size coloured photograph
Identity Proof
Driving Licence, Aadhaar card, Passport, PAN Card
Residence Proof
Driving Licence, Aadhaar Card, Passport, Ration Card, Utility Bill
Income Proof
(Not required for self-employed)
Job Continuity Proof
(Not required for self-employed)
Age Proof
Birth Certificate, Passport, PAN Card, Driving Licence
Office Address Proof
Maintenance Bill, Utility Bill
Property Documents
Rent Agreement, SSI or MSME Registration Certificate
Interest Rates and Charges for Two Wheeler Loan in Eluru
At Hero FinCorp in Eluru, our Two-Wheeler Loans are designed to help you purchase your dream bike without depleting your savings. We offer competitive bike loan interest rates in Eluru, starting at 14% per annum, ensuring affordability and flexibility. Whether looking for an electric scooter for daily commuting or a stylish motorcycle for occasional rides, our bike loans can cater to your needs.
How To Apply For a Two Wheeler Loan in Eluru?
You can apply for two-wheeler financing in Eluru online and offline.
Here’s how you can apply online:
- 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
You can proceed under the foreclosure terms outlined in your loan agreement.
Your loan processing will occur within 15 minutes after submitting the required documents and completing verification.
No guarantor is needed for loan approval. Just submit your KYC documents and bank details.
You may be able to provide a down payment as low as 5% of the vehicle's on-road price, depending on your credit score and eligibility.
A good credit score can help you get favourable terms on your Two-Wheeler Loan, including competitive interest rates and flexible repayment tenure.