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            • Home
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            • Two Wheeler Loan
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            Two Wheeler Loan Interest Rates & Fees

            • Easy Documentation and Hassle-Free Processing
            • Flexible Tenure up to 60 months
            • Enjoy Quick Application
            • Flexible Repayment
            Apply Now

            Two Wheeler Loan EMI Calculator

            Calculate your EMI and choose the most suitable EMI for you

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            What is the Two Wheeler Loan Interest Rate?

            Hero FinCorp offers low-interest Two-Wheeler Loans to make buying a bike easy. Our simple process, competitive fees, and custom loan options fit your needs. No hidden costs—just a quick, hassle-free loan to help you get your dream bike!

            Types of Two Wheeler Loan Interest Rates

            Bike loans come in two types: income-based and non-income-based. Income-based loans have lower interest rates and higher loan amounts if you qualify. Non-income-based loans help you get a bike without proof of income.

            Types of 2 Wheeler Loan Interest RatesIncome-Based LoansNo Income-Based Loans
            Eligibility CriteriaRequires proof of incomeNo proof of income required
            Loan AmountBased on income and credit scoreBased on credit score
            Interest RateLower rates for high-income borrowersStandard rates for all borrowers

            How to Calculate the Interest Rate for Two-wheeler Loan?

            You can either apply a mathematical formula for Bike Loan Interest Rate Calculation or calculate your Two-Wheeler Loan interest rate using our Two-Wheeler Loan EMI calculator. The mathematical formula for bike loan interest calculation is:

            • The mathematical formula for bike loan interest calculation is
              reduce balance formula

              Where,

              E is the EMI
              P is the Principal Loan Amount
              R is the Rate of Interest
              N is the Loan Tenure in months

            However, if you want to use a Two-Wheeler Loan EMI calculator, all you have to do is input the three variables—your principal loan amount, interest rate, and loan tenure—and click the submit button. Next, your screen will display the amortisation schedule comprising the details of the principal balance as well as the monthly interest component.

            Factors Affecting Two-wheeler Loan Rate of Interest

            Before you apply for a bike loan, learn about the factors that influence your bike loan interest rate.

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            Credit History

            A strong credit score helps get lower interest rates.

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            Income

            Higher income may reduce the loan interest rate.

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            Age

            Younger earners often get better interest rates.

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            Bike Model

            High resale value bikes may qualify for lower rates.

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            Employment

            Interest rates vary for salaried and self-employed applicants.

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            Lender Relationship

            Existing customers with good payment history get better rates.

            How to Get Lowest Two-Wheeler Loan Interest Rate in India?

            Here are some tips to finance a two-wheeler with lowest interest rate:

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            Improve your Credit Report

            Pay off missed EMIs to boost credit history.

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            Reduce Debt

            Lower your debt-to-income ratio for better loan rates.

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            Increase Down-payment

            A higher down payment can lower interest rates.

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            Existing Lender

            Strong lender relationships may get you better rates.

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            Negotiation

            A strong profile allows you to bargain for lower rates.

            Things to Consider Other Than Two-wheeler Loan Interest Rate

            While the interest rate plays a crucial role in choosing a bike finance, there are more things to keep in mind before signing the dotted line.

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            Processing Fee

            A one-time, non-refundable cost for loan processing.

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            Eligibility Criteria

            Check the loan eligibility criteria to qualify for the lowest rate.

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            Prepayment Terms

            Review foreclosure rules and prepayment charges.

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            Disbursal Time

            Choose a lender with quick loan processing.

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            Special Offers

            Look for festive discounts and exclusive deals.

            What Our Clients Say About Us

            It's a great appreciation for obtaining the best personal loan with the fewest papers necessary and promptly disbursing loan ...funds. I truly appreciate your assistance. Simple procedure and a user-friendly interface. There are no problems, inquiries or anything else as long as you pay.

            Savi Gupta

            After availing a Two Wheeler Loan from Hero FinCorp, one thing I will definitely admit, that the entire process was easier in comparison to other loan providers. It was fast and smooth. Hero FinCorp turned my dream of owning a Two Wheeler into reality. Thanks to Hero FinCorp.

            Sk Immu, Jagathgiri Gutta, Hyderabad, Telengana

            Herofincorp has great funds for various purposes. I got the best personal loan offer compared to interest rates, terms, and fees for ...my best financial situation. Thanks for your assistance.

            Rashi Kohli

            Our relationship with HFCL is a year old. We took the loan in view of building a long term relationship with a growing NBFC like HFCL and open the door for MDL Group's future requirements. Professionally speaking our experience with HFCL has been excellent on all fronts. Their Relationship Managers have a good understanding of the client’s needs. I believe, this creates a sense of satisfaction for both the lender and borrower.

            Jai Kabra, New Delhi

            President, MDL Energy Pvt. Ltd.

            Frequently Asked Questions (FAQs)

            Some factors that play a deciding role in establishing your interest rate on a Two-Wheeler Loan are:

            • Your bike's model
            • Your age and income
            • Your credit history and debt-to-income ratio
            • Your employment status

            f you want to get a low-interest Two-Wheeler Loan, you must:

            • Increase your bike's down-payment
            • Improve your credit history
            • Apply for a Two-Wheeler Loan with your existing lender

            To check your current interest rate for a Two-Wheeler Loan, read the loan agreement. If you are still not sure about the interest component, use the interest rate calculator for a Two-Wheeler Loan and get complete details of your EMI.

            Current interest rate? Click here or contact customer support. The starting rate for our bike loans is 15% per annum.

            Zero down payment options are available to our customers, subject to terms and conditions.
            Meet the eligibility criteria for lower interest rate options and we’ll offer you the loan amount to finance your bike at an affordable price.
            Processing fees vary, so contact us for details. We’ll decide your processing charge based on your approved loan limit.
            Foreclosure charges apply, and for specifics read the loan agreement we sent to you.
            No, 0% interest on Two-Wheeler Loans is not typically available.
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            Choose two wheeler loan by Models
            • Two Wheeler Hero Splendor Plus
            • Two Wheeler Hero Glamour