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Get A Two Wheeler Loan In Sonipat Upto 3.5 Lakh

Located in the east-central region of Haryana state, northern India, Sonipat is a large city about 25 miles north of Delhi. Its industrial development is well-known due to its proximity to Delhi as a source of raw materials and power. Sonipat is one of the significant bicycle manufacturing centres in the country, producing automobile parts, sewing machine parts, rolled steel, hosiery, and textiles. Handicrafts like carpets, hand-loomed textiles, brass, and copperware are also produced here.

The city is home to several well-known tourist attractions such as Khwaja Khizr Tomb, Bhindawas Wildlife Sanctuary, Tomb of Khwaja Ahmad Yasir, Jurasik Park Inn, Badkhalsa Memorial Museum, TDI Mall, Shiva Temple, Ganga Temple, and many more. People love visiting these places using their vehicles, increasing the demand for vehicle loans.

Furthermore, easy access to two-wheeler loans in Sonipat facilitates swift and hassle-free mobility for its residents, making daily commuting convenient and efficient.

Features And Benefits of Two Wheeler Loan in Sonipat

Explore the advantages and perks of a bike finance in Sonipat by Hero FinCorp:

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High Loan Amount

Secure a substantial loan of up to Rs. 3.5 lakhs, enabling you to fulfil your aspiration of owning your dream motorcycle.

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Attractive Interest Rate

Access cost-effective interest rates that enable you to manage your financial commitments efficiently.

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Collateral Free

Rest easy, even if you lack assets. Our loans are collateral-free, making them accessible to all.

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Flexible Repayment Tenure

Select from a range of flexible repayment plans that align with your personal preferences and financial requirements.

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Instant Approval

Get quick approval, ensuring you can access your loan without unnecessary delays.

Eligibility Criteria for Two Wheeler Loan in Sonipat

To avail of a two-wheeler finance in Sonipat, applicants are required to fulfil these eligibility criteria:

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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

A minimum of one year of work experience is required for eligibility.

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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 Sonipat

It's super important to make sure you have all the necessary documents when planning to get a bike on loan. Below is a list of important documents based on your employment status:

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 Sonipat

Hero FinCorp offers easy and affordable two-wheeler loan interest rates in Sonipat, starting from 14% annually. We are committed to helping you achieve your dreams of freedom. For more information, read on.

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 Sonipat?

Availing a Two-wheeler Loan in Sonipat through Hero FinCorp is a straightforward process:

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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 apply for a two-wheeler loan online through the Hero FinCorp website, eliminating the need to visit a branch.
Approval times vary but are typically fast. You can expect quick approvals for two-wheeler loans.
Yes, most two-wheeler loans in Sonipat offer prepayment flexibility without penalties.
You can check your loan application status online through Hero FinCorp's website or contact the customer service.
A good credit score increases your chances of approval and may lead to better interest rates.