Both self-employed and salaried individuals can apply for a two wheeler loan in Bhubaneswar conveniently.
INTRODUCTION
Availing bike finance in Bhubaneswar is now a breeze, with our affordable and hassle-free options. Our loans can be customised to suit your exact needs and they feature multiple tenures. You can choose from different down payment options to pay back the loan easily.
FEATURES AND BENEFITS
The loan amount can start from INR 10,000 and go up to INR 3,50,000.
Hero FinCorp offers a maximum loan to value (LTV) ratio of 95% to reduce the burden of down payment
Our interest rates are affordable and you can choose from tenures that go up to 60 months.
We require minimal documentation so that you can quickly apply for the loan. We do not need any guarantor and process your loan application fast.
You not only get to enjoy affordable EMIs, but can also pick from different repayment options, like ECS, NACH, PDC and cash.
The approval of a two wheeler loan in Bhubaneswar takes only 15 minutes or less if you are eligible and provide the necessary documents.
THE HERO FINCORP ADVANTAGE:
- If you need the highest possible loan amount to buy your two wheeler, get in touch with us today.
- We offer super affordable interest rates that make it easy for you to repay the loan on time.
- Our loan application process is hassle-free and the documentation required is minimal.
- When you avail a bike loan in Bhubaneswar from us, you can choose from different tenures, based on your comfort.
- We offer various types of repayment modes as well, including PDC, NACH, ECS, Cash, etc.
- We are your best bet if quick and simple loan processing is what you need.
What Our Clients Say About Us
HOW TO APPLY FOR TWO-WHEELER LOANS IN BHUBANESWAR
- 01
Applying for a bike loan in Bhubaneswar is easy. All you have to do is visit your nearest Hero MotoCorp dealership or click here to go online. However, make sure you are eligible and possess all the documents required.
- 02
Next, along with your completed loan application form, submit your income proof, KYC documents and passport size photo. Next, you need to pick a Hero FinCorp partner dealership. To avail a bike loan from us, you do not need to pledge any collateral or name someone as your guarantor. However, either your spouse or a blood relative who lives with you can act as the co-applicant.
- 03
Then, select from the various options we provide for a two wheeler loan in Bhubaneswar, based on your credit history, documents, and the bike’s price and model. These come with multiple tenures and down payment options.
- 04
To complete the application process, go through the terms and conditions closely and then accept them.
Eligibility Criteria
The biggest advantage of taking a bike loan in Bhubaneswar from us is that, you can choose from various options. If you are eligible, you can get started with the application process without delay.
To get a two wheeler loan from Hero FinCorp, here are the eligibility criteria you need to satisfy:
- You should be an Indian national and above 18 years.
- Salaried individuals must have been employed for a minimum of 1 year and should have spent at least 6 months with their present employer, OR
- Self-employed individuals must have been in their current business for at least a year.
Documentation Required
- You need to submit proofs of your identity and address along with KYC documents to get a two wheeler loan in Bhubaneswar
- Whether you are salaried or self-employed, you need to provide bank statements.
- You also need to provide a passport size photo to complete the application
Frequently Asked Questions (FAQs)
EMI is the abbreviation of Equated Monthly Instalments and these help you to pay back a loan over a specific time period. EMIs comprise of a principal (loan amount) part and an interest part and are fixed. To calculate the same, you can use the two wheeler EMI calculator on our website.
The interest rates Hero FinCorp offers on two wheeler loans are extremely attractive and affordable. However, they are determined by your chosen tenure, your loan amount, what you earn and your credit score. Also, if you choose a long tenure, your interest rate will be low. You can also negotiate and land a good deal if you have a high credit score.
The bike loan calculator in Bhubaneswar that we offer at the top of our website can help you out. Simply enter a few details like the interest rate, loan amount, and tenure, to quickly calculate the EMI that you have to pay. To get an idea about what loan terms might be ideal for you, you can try out multiple combinations.
In order to make your two wheeler loan more affordable and easy to repay, Hero FinCorp offers special schemes now and then. To know about these before submitting your application, get in touch with one of our representatives.
Depending on the foreclosure terms mentioned in your loan agreement, you can prepay the bike loan without getting charged for it. You can also choose a short tenure if you want to pay back the loan fast. Though a short tenure means a slightly high interest rate, it is a good way to become debt-free fast. You can use the two wheeler loan interest calculator in Bhubaneswar that we have on our website to figure out the EMI amount that suits your budget.