Calculate Your Two Wheeler Loan EMI

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Get A Two Wheeler Loan In Raichur Upto 3.5 Lakh

Holding a vibrant history and a majestic centrepiece known as the Raichur Fort, Raichur is a beautiful city settled in Karnataka. One of the most appealing parts of residing in a place like this is that it offers a rich cultural heritage and imposes natural beauty everywhere around the place. The city is also known for its vibrant existence in the textile industry, which also contributes to the economics vibrancy of our nation. The city is also known for its landscape, highlighted by waterfalls like Jog Falls. Additionally landmarks such as the Malik Rihan Tomb underscore Raichurs importance, making it an enticing destination for those interested in heritage. With a blend of history, industry and nature, Raichur charms both visitors and residents alike, providing an experience that unveils Karnataka's rich cultural tapestry.

Features And Benefits of Two Wheeler Loan in Raichur

Fulfil your dream of owning a two-wheeler with a convenient Hero FinCorp two-wheeler loan in Raichur.

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High Loan Amount

Finance your dream bike or scooter with a loan amount up to Rs 3.5 Lakhs.

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Attractive Interest Rate

Enjoy a competitive interest rate of up to 36% for a budget-friendly repayment plan.

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Collateral Free

No need to pledge any assets as security for the loan.

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Flexible Repayment Tenure

Choose a repayment tenure that aligns with your financial comfort, typically 6 to 60 months.

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Instant Approval

Get a quick decision on your loan application, allowing you to ride away sooner.

Eligibility Criteria for Two-Wheeler Loan in Raichur

Qualifying for a bike loan in Raichur is a hassle-free process!

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Age

Generally, applicants must be between 18 and 65 years old.

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Citizenship

You must be an Indian resident..

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Work Experience

Minimum of 1 year of work experience is required.

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Monthly Salary

Applicants should have a minimum monthly salary of Rs 10,000.

Documents Required to Apply for a Two Wheeler Loan in Raichur

The application process for bike finance in Raichur is streamlined. Here's what you will need:

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 Cuddapah

Interest rates for bike loan in Raichur may vary depending on factors like your credit score, the loan amount and whether you are eligible or not. The bike loan interest rate in Raichur can vary from 14% to 36%.

To be financially prepared for the situation, it is always recommended that you analyse your financial situation along with using a two-wheeler loan EMI calculator to make an informed decision about bike finance in Raichur.

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 Raichur?

Getting a bike on loan in Raichur is a simple process:

Here’s how you can apply online:

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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

Yes! By visiting the Two Wheeler Application section on our website or App, you can check the status of your loan.
If you wish to inquire about our latest offer, we request you to speak to our customer care executive for latest updates.
To get the latest update on this statement, we recommend you speak to our customer care executives.
The minimum credit score requirement may vary depending on the lender, but generally, a score of 600 or above is considered favourable.
Yes, two-wheeler insurance is mandatory to obtain a loan for your vehicle