Credit Score
A good credit score helps secure lower interest rates on loans.
Two Wheeler Loan.
Your own vehicle - a wish that is about to become reality. Owning a two-wheeler is the first step to true freedom. We make sure that you can afford your dream bike.
- Loan up to 3.5 Lakh
- Longer Tenure
- No Hidden Charges
- Flexible Repayment
Calculate Your Two Wheeler Loan EMI
Best NBFC for Two Wheeler Loan – Instant Bike Financing
Hero FinCorp is a top-rated NBFC for two wheeler loans in India, offering 100% on-road financing with loan amounts up to ₹3.5 Lakh, interest rates starting from 14% p.a., and repayment tenures up to 60 months. Loans are available for salaried and self-employed individuals depending on your requirement and eligibility.
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Factors Affecting Two-Wheeler Loan Interest Rate
Two wheeler loan interest rates depend on six key factors that lenders evaluate during application
At Hero FinCorp, we offer a competitive two-wheeler loan interest rate that suits your budget and finances.
Two-Wheeler Loan Eligibility Criteria
Get a bike loan of up to Rs 3,50,000 or 95% of the bike's market value .Hero FinCorp two wheeler loans are available for first-time buyers, students, low-income earners, and self-employed individuals. with a flexible repayment tenure of up to 60 months Eligibility is based on the following criteria:
Age
Applicants must be at least 18 years old to apply for a loan.
Citizenship
Only Indian citizens residing in India can apply for this loan.
Work Experience
A minimum of one year of work experience is required for eligibility.
Monthly Income
A minimum monthly income of Rs 10,000 is required for approval.
Documents Required for Two-Wheeler Loan
Whether you're a salaried or self-employed individual, we've got you covered with our easy documentation requirements -
Documents required for a two wheeler loan at Hero FinCorp vary by applicant type. Physical document submission is not required for online applications.
Documents required for Salaried
Mandatory Documents
Duly filled loan application form, Passport size colored photograph
Identity Proof
Driver’s Licence/ Aadhaar card/ Passport/ PAN Card/ ID Card issued by Central Government/ State Government/ PSUs
Residence Proof
Driver’s Licence/ Aadhaar Card/ Passport/ Property or Municipal Tax Receipt/ Ration Card/ Utility Bill
Income Proof
Salary Slips (last six months), Bank Account Statement of last six months (salary account), Salary certificate (stating name, designation, and authorised signatory), Form 16
Job Continuity Proof
Job offer letter from the current employer and Experience certificate from the previous employer
Age Proof
Birth Certificate/ Passport/ PAN Card/ Driver’s Licence
Required Documents for Self-Employed
Mandatory Documents
Duly filled loan application form, Passport size colored photograph
Identity Proof
Driver’s Licence/ Passport PAN Card/ Aadhaar card
Residence Proof
Driver’s Licence/ Passport/ Aadhaar Card/ Ration Card Utility Bill
Office Address Proof
Maintenance Bill/ Utility Bill/ Property Documents/ Rent Agreement/ SSI or MSME Registration Certificate
Business Existence Proof
Copy of Tax Registration/ Shop Establishment Proof /Company’s Registration Certificate
Income Proof
Last six months' bank statement, Recent Income Tax Return (ITR)
What Our Customers Say?
Why Choose Hero FinCorp Two-Wheeler Loan?
Hero FinCorp as an NBFC offers Several advantages over traditional banks for two wheeler loans:
Minimum Paperwork
Hero FinCorp’s Two-Wheeler Loan requires minimal documentation for a hassle-free application.
Repayment Tenure
Use a Two-Wheeler Loan EMI Calculator to choose a suitable tenure of up to 60 months.
Competitive interest rates
Our interest rates start from 14% per annum.
Quick Approval
Get quick loan approval with instant decisioning within a few minutes.
Overall, Hero FinCorp's Two-Wheeler Loan is a great option for those looking for a hassle-free and affordable way to finance their two-wheeler purchase.
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Frequently Asked Questions (FAQs)
The processing time for a loan on a two-wheeler takes anywhere from a few hours to a few days, depending on the documentation submitted and the eligibility criteria met.
Yes, CIBIL score or credit score is an essential factor considered by us while evaluating a loan application. A good credit score helps in getting loan approval quickly and also improves the chances of getting a better interest rate.
Individuals who are 18 years and above and have a regular source of income are eligible to apply for a loan on two-wheeler. We may also consider other factors such as employment stability, credit score, and repayment capacity while evaluating the loan application.
A zero down payment bike loan allows you to purchase a two wheeler without any upfront payment, financing the entire on-road cost. This option suits buyers who cannot arrange a lump sum at the time of purchase. Hero FinCorp offers zero down payment two wheeler loans; however, the interest rate may be higher and the loan amount may be subject to limits. Review the terms and conditions carefully before applying.
The loan for bike status can be checked online through our website or mobile app. You will need your loan application number and registered mobile number to access the loan status.
No. We require proof of income to assess your repayment capacity and ensure that you can repay the loan on time. Income proof can be in the form of salary slips, bank statements, or income tax returns.
The repayment period for a Two-Wheeler Loan can range from 6 months to 60 months.
Yes. Hero FinCorp provides loans for high-end motorcycles and superbikes. Eligibility criteria and terms for premium vehicles may differ from standard two wheeler loans.
Yes, we offer zero down payment Two-Wheeler Loans. However, the interest rate may be higher, and the loan amount may also be limited. It is advisable to check the terms and conditions before availing of such a loan.
Your loan will be processed quickly depending upon the documents and verification requirements.
Yes, this can be done as per the foreclosure terms mentioned in your
loan agreement.
Yes. Once you clear your loan without any defaults, you may be eligible for a special scheme.
Yes. However, any loan approval will be based on your credit score and eligibility for the given product.
No, neither can be changed.
Yes! You can pay your installment and other dues online through our Online EMI payment option, located on the header of our website.
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.
Hero FinCorp provides instant two wheeler loan approval through its website and mobile app. Processing speed depends on the completeness of documents submitted and verification requirements. Applicants with full documentation in order typically receive faster decisioning.
Hero FinCorp offers flexible repayment tenures ranging from 6 to 60 months for two wheeler loans, allowing borrowers to choose an EMI schedule that fits their monthly budget. Same-day disbursal is available upon successful document verification and eligibility confirmation. Use the EMI calculator to compare instalments across tenures before finalising.
Two-Wheeler Loan Features & Benefits
Loans for 2-wheelers are an excellent option for those looking to purchase a bike or scooter. They offer several benefits and features, including-
High Loan Amount
Get up to Rs 3.5 Lakh depending on your requirement and eligibility.
Flexible Repayment Tenure
Choose a tenure of up to 60 months as per your repayment capacity.
Quick Approval
Get quick loan approval with instant decisioning in minutes.
Hassle-Free Loan
Get a two-wheeler loan easily with minimal formalities and simple terms.
Easy Documentation
Our Two-Wheeler Loans have minimal documentation requirements.
LTV Ratio Up to 95%
Finance up to 95% of your two-wheeler’s cost with our Two-Wheeler Loan.