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Two wheeler loans

We assist you in purchasing the ride of your dreams by providing customizable two-wheeler loans. You can choose from a variety of tenures and down-payment amounts to find the financing solution that is right for you.

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Buy a Two Wheeler

Two wheeler loans


Loans from ₹10,000/- to ₹1,00,000/- available for all Hero MotoCorp Two Wheelers


Flexible Tenure of up to 48 months


Quick Decisioning in under 15 minutes


High LTV of up to 95%

Two Wheeler Loans

Two Wheeler Loans

  • Two Wheeler Loans are similar to any other vehicular loan, such as new or used car loans

  • The asset (motorcycle or scooter) is hypothecated to the financier such as Hero FinCorp

  • Upon paying the last EMI, the borrower receives a No Objection Certificate from the lender, which is required for removing the Hypothecation from the vehicle’s registration papers.


Benefits of Owning a Two Wheeler

  • Freedom & Convenience : It is the first step towards convenience, mobility & freedom, allowing you to go wherever you want, whenever you want.

  • Safety : Personal transport offers safety, and with one’s own wheels, you never have to worry about catching a bus or train.

  • Saves Time & Cheap to Run : It helps save time, it is quick, reliable & economical to run.

  • Low Maintenance : Two Wheelers are usually low maintenance, with minimal expense. Hero MotoCorp Bike’s provide years of trouble free service.

  • Pride of Ownership : A bike comes with ownership pride and nothing can match this feeling.


Choosing The Right Two Wheeler

  • Body Style : Choose the style best suited to your usage, such as cruiser, sport, touring, etc.

  • Seat Height & Weight : One should be comfortable while sitting on the bike and should be able to manage the weight.

  • Engine Size : Large engines are powerful but less efficient, small engines are better for cities, but bigger engines are more suited for highways.

  • After Sales Service & Running Costs : Trusted brands like Hero MotoCorp offer great after sales service & low running costs..

  • Resale : If you plan to upgrade within 2-3 years, then consider Resale Value, else buy the bike of your choice.

  • New vs. Used : Beginners could buy a used two wheeler, however a new one offers peace of mind, warranty, and ownership pride.


Financing vs. Outright Purchase ?

  • Small Manageable Monthly Payments : If you have spare cash, then purchase outright else go for easy finance from Hero FinCorp./p>

  • Quick Loan Processing : The application process for such loans is quick & easy requiring little documentation, making it very convenient.

  • Offers : Financing may be bundled with schemes & offers, like lower interest rate, discounted processing fee/ insurance, etc.

  • Guarantor Not Required : Most loans require a guarantor but bike loans usually don’t, this helps in expediting the approval process.

  • Quick Approvals : These loans feature quick approvals, Hero FinCorp offers decisioning on most bike loan applications within 15 minutes.


Product Features

  • Loan Amount : ₹10,000/- to ₹1,00,000/-

  • Loan to Value (LTV) Ratio : Up to 95%

  • Low & Attractive Interest Rates

  • Flexible Tenure : up to 48 months

  • Available for : Salaried, self-employed professionals, and more.


Hero FinCorp Advantage

  • Higher Loan Amount

  • Competitive Interest Rates

  • Minimal Documentation

  • Multiple Tenure Options

  • Several Repayment Modes (PDC, ECS, NACH, Cash, etc.)

  • Quick & Hassle-free Processing

Customer Testimonials

EMI Calculator


  • Indian nationals, above age 18
  • Salaried: Employed for min. 1 year, with at least 6 months at current job
  • Self-employed professionals: Should be in current business for min. 1 year
  • KYC documents: Identity & address proofs
  • Income proofs: Bank statement, salary slip, etc.
  • One passport size photograph

Two Wheeler Loan Application Process

Hero FinCorp offers the following two ways of applying for two-wheeler loans:

Visit the Hero FinCorp two-wheeler loan section on our website by clicking here.


Scroll down to the ‘Apply for a Loan’ section.


Enter your details and select the ‘Hero MotoCorp Two-Wheeler dealership’ from where you want to buy the vehicle.


Select the checkbox to agree to our ‘terms and conditions’ and click on ‘Apply Now’.


Once we receive your application, our representative will get in touch with you soon.

Applying offline

To apply for two-wheeler finance offline, just follow the steps below:


Visit the nearest ‘Hero MotoCorp Two-Wheeler dealership’. To check the nearest dealership in your city,click here.


Talk to a representative at the dealership regarding your request.


Submit the KYC and income proof documents, and one passport size photograph along with the duly filled-in loan application form.

Depending on the documents submitted and the ease of verification, your loan will be approved within 24 to 48 hours.

Dos and don’ts of tapplying for a two-wheeler loan


  • Decide the two-wheeler you want to purchase based on your requirement, so that you know how much motorbike finance you need.
  • Evaluate your finances and credit score to understand your chances of loan approval and your repayment capability.
  • While applying online, verify all the information before submitting.
  • Do check the prepayment options available.
  • Once you receive an approval, read the loan agreement document and the terms and conditions before signing it.


  • Do not apply for a loan that you cannot afford to repay. Doing that can cause financial distress in the future.
  • Do not apply for multiple loans at the same time.
  • Do not apply for a particular loan amount just because there is an impressive offer on the loan or an attractive gift that awaits you.
  • Do not forget to fill in the loan application form with the right information. Any incorrect information can lead to the rejection of your application by the two-wheeler finance companies.
  • Do not accept the terms of the loan agreement before reading and understanding them well.

Two-Wheeler Loan Interest Rates

Two-wheeler loan interest rates vary from one lender to another. The rates are generally dependent on the following factors:

  • Credit Score: Those with a good credit score usually get loans on lower interest rates and vice versa. Your previous loan repayment history can also affect the interest rate.
  • Monthly Income: The higher your income is, the greater your repayment capacity. This encourages lenders to disburse loans to you at lower interest rates. Working for a reputed employer can also help you get lower interest rates.
  • Loan Amount: Rate of interest is directly related to loan amount. Generally, collateral based loans have lower interest rates.
  • Lender-Borrower Relationship: If you have a trustworthy relationship with the lender due to a positive payment history, it can positively affect your two-wheeler loan interest rate.
  • Loan Tenure: Interest rates will be lower for loans availed for a smaller tenure. The higher the tenure, the more the interest rate, and the more the total interest you end up paying.
  • Category of Vehicle: The two wheeler loan’s interest rate will also depend on the category of the vehicle you plan to buy. For instance, scooters can have a different interest rate than that of a standard motor bike or a sports bike. Depending on the value of the vehicle, the financier fixes the rate of interest.
  • City Tier: The tier to which your city belongs to can also influence the rate of two wheeler loans. Lendors consider the credit score and the risk involved in the transaction from the city to determine the interest rate at which the loan can be disbursed.

At Hero FinCorp, we offer competitive two-wheeler loan interest rate that suits your budget and finances.

Now, a two-wheeler loan to fit your budget

While availing a two-wheeler loan, the EMI is a very crucial factor that comes into play. EMI or Equated Monthly Installment is the amount that you pay monthly to the financial institution from which the loan was availed. These installments comprise the principal amount and interest rate on the loan. EMIs facilitate the borrower to pay back the loan over a period of time, in equal monthly installments. Until the last EMI, the vehicle will be hypothecated to the lender.

To ease your repayment, Hero FinCorp has introduced the concept of MMI or Meri Monthly Instalment to make two wheeler loans even more accessible. Under this, you get the liberty to select the amount of monthly installments, as per your own convenience. The sales executive will design a loan plan for you as per the selected MMI amount. The tenure of the loan, along with the rate of interest, are the major factors that determine the amount of monthly instalments. Contrary to the concept of EMI, where, the rate of interest and the tenure of the loan are considered first, MMI, gives you the opportunity to select an instalment amount you can afford to pay, and the tenure is fixed later.

Most lenders have their presence online and therefore, enable the use of EMI calculators on their respective websites. Using these tools, you can enter the loan amount, rate of interest and the loan tenure to get an estimate of the EMI that you will be paying.

  • Loan amount: The higher the loan amount, the higher the EMI will be.
  • Loan Tenure: For longer tenures, the EMI will be lesser. The shorter the tenure is, the higher the EMI will be.
  • Rate of interest: A higher interest rate can lead to a higher EMI.

Hero FinCorp offers an online two-wheeler loan calculator to help you calculate and evaluate your loan EMI.

Frequently asked questions(faqs)

Q1. What is an EMI?

An EMI stands for equated monthly installments. The installment comprises of two components principal and interest. EMI’s provide you with ease and benefit of paying back your loan amount over a long period of time via fixed monthly payments.

Q2. What documents are required to change my communication/ mailing address?

You have to mail a self-attested copy of any KYC document as mentioned earlier in the Eligibility & Documentation section to our customer care e-mail ID – or walk in to any of our branches along with your KYC documents.

Q3. How do I change my contact details/ phone number?

New phone number details can be changed by calling our call center helpline. This could be done as soon as your contact details changes in order for us to service you better.

Q4. Does Hero FinCorp offer any special schemes?

Special schemes are available from time to time. Get in touch with a Hero FinCorp representative at any Hero MotoCorp dealership to get information on the latest schemes and offers.

Q5. I am an existing customer, can I apply for another loan?

Yes. However, any loan approval will be based on your credit score and eligibility for the given product.

Q6. Once I repay my loan, will I be eligible for a special scheme?

Yes. Once you clear your loan without any defaults, you may be eligible for a special scheme.

Q7. Do I have the option of prepaying my loan?

Yes, this can be done as per the foreclosure terms mentioned in your loan agreement.

Q8. How long will it take to get a loan?

Your loan will be processed within 24 to 48 hours depending upon the documents and verification requirements.

Q9. Can the tenure and loan amount be changed after the loan amount has been disbursed?

No, neither can be changed.

Q10. Can I pay my Installment and other dues online? If Yes then how?

Yes! You can pay your installment and other dues online through our Online EMI payment option, located on the header of our website.

Q11. To avail a two-wheeler loan do I have to visit Hero FinCorp?

You need to visit a Hero MotoCorp Two-Wheeler Dealership and ask for a Hero FinCorp representative, we will be happy to assist you with your loan requirement. You may also visit our website or Social Media Pages and provide your contact details, post which our representative will get in touch with you shortly.

Q12. Is there any security/collateral which need to be offered for this loan?

No. You only have to submit your KYC documents along with bank details for loan approval. Until the loan is repaid, the vehicle will be hypothecated to Hero FinCorp.

Q13. How much finance can I avail of?

You can borrow up to 95% of On-Road Price of the vehicle (subject to applicable terms & conditions). Exact percentage would depend upon your credit score and eligibility.

Q14. What are the tenure options?

We offer multiple tenure options ranging from 12 months to 48 months (subject to conditions).

Q15. What will be the down payment/Margin Money?

Down payment is a small initial amount that you will need to pay at vehicle dealership. It’s the difference between On-Road Price and loan amount sanctioned to you.

Q16. What all are the charges are applicable on Two-wheeler loan?

To ensure a smooth experience, we charge a nominal processing/ document fee and applicable stamp duty. You can get detailed information from our representatives at a Hero MotoCorp Two Wheeler Dealership.

Q17. What is the procedure to get NOC?

Once you have completed your loan repayment, we will process and close your loan, post which a physical copy of the NOC will be sent to your registered address. You may also contact our customer care number at 1800-102-4145 or write to us at

Q18. When do I become eligible to get an NOC? How can I receive it?

You can get your NOC once you’ve paid your entire loan amount and any corresponding dues applicable.

Q19. Being an existing customer, can I apply for another loan?

Yes, you can apply for another loan.

Q20. Do I need a guarantor?

No, a guarantor is not required.

Q21. Who can be a co-applicant for the loan?

Your spouse or any blood relative staying at the same residence as yours can be a co-applicant.

Q22. What will be done with the post-dated cheques if I request to change the mode of repayment/ account for my loan?

The cheques submitted, will be defaced and retained. And in case you wish to get back your cheques, kindly lodge a request with our customer care or write us an email at

To avail a two wheeler loan, you have to be an Indian and above 18 years of age. You can be a salaried individual employed for at least 1 year with minimum 6 months in your present position, or self-employed with 1 year experience in your present business. Bike finance loans usually require you to submit address and identity proofs, income proofs like bank statement or salary slips, passport size photographs etc. Bike finance interest rates are low and the tenure can go up to 48 months. The loan to value ratio can go up to 95% of the on-road price of the bike as well. Availing a 2 wheeler loan from Hero FinCorp, a leading bike finance company, will benefit you through attractive bike loan interest rates, minimum documentation, and easy and fast processing. You can repay flexibly with cash, NACH, ECS, PDS and more. The loan is processed in 24 to 48 hours usually, and you get to prepay too as per the terms of foreclosure. No collateral is demanded for loan for two wheelers, and the down payment is small as well. You won’t need any guarantor for this loan, and your spouse or any blood relative living in the same house with you can be co-applicants.

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