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Get A Two Wheeler Loan In Gadwal Upto 3.5 Lakh

Steeped in rich history, Gadwal in Telangana is renowned for its exquisite handloom sarees, a testament to the city's thriving textile industry. Agriculture is another pillar of Gadwal's economy, with paddy, cotton, and pulses being the major crops cultivated. Like any other city, Gadwal is best explored using a bike or scooter.

Hero FinCorp also offers Two-Wheeler Loans in Gadwal. Our instant financing options allow you to purchase your dream bike without depleting your savings. With attractive interest rates and flexible repayment tenures, you can find a plan that fits your budget comfortably.

So embark on your exploration of this culturally rich city with the convenience of quick and easy loan approval from Hero FinCorp, ensuring you're ready to ride on your bike.

Features And Benefits of Two Wheeler Loan in Gadwal

Here are the major benefits and features of buying a bike with a Two-Wheeler Loan in Gadwal:

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High Loan Amount

Secure the funds you need to purchase your desired motorcycle. We offer loans from Rs 10,000 to Rs 3,50,000.

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Attractive Interest Rate

Benefit from our competitive rates and save on loan expenses. Our Two-Wheeler Loan interest rates start from 14% per annum.

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Collateral Free

Enjoy the convenience of a loan without needing to pledge any assets. Hero FinCorp Two-Wheeler Loans are collateral-free.

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Flexible Repayment Tenure

Choose from our flexible loan repayment plans, ranging from 6 months to 5 years, to find the option that best fits your budget, offering both ease and flexibility.

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Instant Approval

Get instant approval for your bike loan application, allowing you to buy your dream bike quickly.

Eligibility Criteria for Two Wheeler Loan in Gadwal

Before applying, check the eligibility criteria for Hero FinCorp’s Two-Wheeler Loans in Gadwal.

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Age

Ensure you are at least 18 years of age.

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Citizenship

You should be a citizen of India.

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Work Experience

Salaried and self-employed individuals can apply, with at least one year of experience.

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Monthly Salary

You must earn a minimum monthly income of Rs 10,000.

Documents Required to Apply for a Two Wheeler Loan in Gadwal

The following documentation is needed if you are a salaried individual and self-employed individuals looking to apply for a bike loan in Gadwal:

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 Gadwal

Our Two-Wheeler Loans in Gadwal can help you purchase your dream bike without depleting your savings. Whether you need a scooter for daily commuting or a stylish motorcycle for occasional rides, our financing options cater to your needs.

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 Gadwal?

You can apply for two-wheeler financing in Gadwal online and offline.

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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

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.