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Get A Two Wheeler Loan In Ranga Reddy Upto 3.5 Lakh

Having your own two-wheeler vehicle in Ranga Reddy will let you explore this beautiful Telangana district very easily. Named after the former deputy CM of Andhra Pradesh, K. V. Ranga Reddy, this place has a lot to offer.

A hub for religious people, it has temples like Chilkur Balaji Temple and Sanghi Temple. A quick drive from Ranga Reddy will take you to Mrugavani National Park, and if you are looking for some adventure, there is Ocean Park and Mount Opera.

There is also a Statue of Equality in Ranga Reddy which is also becoming a popular destination. As a local, exploring this beautiful district will be much easier on a two-wheeler.

But as a visitor, a two-wheeler will help you navigate your journey better. Getting a bike, scooter, scooter loan in Ranga Reddy is now easier, courtesy of Hero FinCorp.

Features And Benefits of Two Wheeler Loan in Ranga Reddy

Hero FinCorp's two-wheeler loan in Ranga Reddy is flexible, has low interest rates, and ensures fast funding.

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High Loan Amount

Hero FinCorp lends you up to Rs 3.5 Lakhs. This helps you in buying your dream two-wheeler with ease.

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Attractive Interest Rate

Two-wheeler loan interest rates in Ranga Reddy range from 14% to 36%, keeping payments manageable.

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Collateral Free

The two wheeler loan from Hero FinCorp is collateral-free, meaning no security is required.

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Flexible Repayment Tenure

Choose a flexible repayment term up to 60 months, with no strict repayment requirements.

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Instant Approval

Your loan for the two-wheeler will get approved very fast in Ranga Reddy.

Eligibility Criteria for Two Wheeler Loan in Ranga Reddy

Here we discuss the eligibility criteria for a two-wheeler loan in Ranga Reddy:

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Age

A minimum of 18 years old is required of applicants.

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Citizenship

The loan can only be applied by Indian citizens.

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Work Experience

1 year worth of work experience is a minimal requirement.

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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 Ranga Reddy

To apply for a bike loan in Ranga Reddy, you need the following documents:

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 Ranga Reddy

If you want to get a loan to buy a new two-wheeler in Ranga reddy, Hero FinCorp should be your top choice. It provides loans starting at a 14% interest rate, which is reasonable and can fit into your finances effectively.

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 Ranga Reddy?

Applying for a bike on loan in Ranga Reddy is simple:

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

Hero FinCorp typically does not charge foreclosure fees for two-wheeler loans in Ranga Reddy.
No collateral or security is required for a Hero FinCorp two-wheeler loan in Ranga Reddy.
Yes, you can finance any two-wheeler available in the market through Hero FinCorp in Ranga Reddy.
Popular models in Ranga Reddy include Hero Splendor, Hero HF Deluxe, Hero Passion Pro, and Hero Glamour.
Hero FinCorp offers loans for both new and used two-wheelers in Ranga Reddy.