Generous Loan Amount
Secure a loan of up to Rs. 3.5 Lakhs to fund your desired bike.
Calculate Your Two Wheeler Loan EMI
Get A Two Wheeler Loan In Proddatur Upto 3.5 Lakh
Proddatur, a city in Andhra Pradesh, is well known for its thriving agricultural and textile sectors. The city boasts temples, including the iconic Sri Ranganathaswamy Temple. It is also home to the Annamayya Project, an endeavour for irrigation and hydroelectric power.
The city's agriculture industry contributes to the economy, while the textile sector offers employment opportunities to many residents. The Sri Ranganathaswamy Temple draws devotees and tourists from places serving as a cultural and religious hub. The Annamayya Project contributes greatly to water management and power generation in the area, underscoring Proddatur's importance. Proddatur's rich cultural heritage and flourishing industries reflect the prosperity and progress of Andhra Pradesh.
Features And Benefits of Two Wheeler Loan in Proddatur
Hero FinCorp provides benefits with a bike loan in Proddatur, making it an appealing choice for bike purchasers. Here are the features and advantages of the Hero FinCorp Two-Wheeler Loan in Proddatur.
Competitive Interest Rate
Benefit from interest rates starting at 14%.
No Collateral Required
You won't need to offer any collateral or security for the loan.
Flexible Repayment Options
Select a repayment period that aligns with your plan, ranging from 6 to 60 months.
Quick Approval Process
Obtain approval for your loan with paperwork.
Eligibility Criteria for Two Wheeler Loan in Proddatur
To qualify for a Two-Wheeler Loan in Proddatur, individuals must meet the following criteria:
Age Range
Between 18 and 65 years old.
Citizenship Requirement
Must be an Indian citizen.
Work Experience
Salaried individuals need 1 year of work experience.
Minimum Monthly Income
A minimum monthly salary of Rs 10,000 is required.
Documents Required to Apply for a Two Wheeler Loan in Proddatur
To apply for bike finance in Proddatur, you will need to provide the following documents:
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 Proddatur
Regarding Two-Wheeler Loans in Proddatur, Hero FinCorp offers low Two-Wheeler Loan interest rates in Proddatur per annum. Remember that the interest rate can vary depending on factors like credit score, income level and loan amount. This flexibility ensures borrowers receive interest rates tailored to their situations, making two-wheeler ownership more accessible to a wider customer base in Proddatur. Whether you are buying a used scooter or a motorcycle, Hero FinCorp strives to provide financing options that align with your needs and financial circumstances. With its focus on customer solutions, Hero FinCorp remains a choice for individuals seeking a bike on loan in Proddatur.
How To Apply For a Two Wheeler Loan in Proddatur?
Here's how you can go about applying for a Two-Wheeler Loan in Proddatur:
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 repay your loan with a foreclosure fee.
The loan amount is calculated based on bike price, income and credit history.
Not having a guarantor is not obligatory for securing a Two-Wheeler Loan.
Certainly, self-employed individuals are eligible to apply for a Two-Wheeler Loan.
Hero FinCorp provides financing options for both brand-new and second-hand motorcycles.