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Get A Two Wheeler Loan In Amalapuram Upto 3.5 Lakh

In the heart of the Godavari delta of Andhra Pradesh lies the scenic beauty of the Konaseema region, which is known for its village, water, and greenery. For visitors, there are several historic temples like the Appanapalli Sri Venu Gopala Swamy Temple and the iconic Adurru Excavations. These temples hold the beauty of architecture.

Economically, Amalapuram is building high on agriculture, aquaculture, and small-scale industries. The strategic location is like a hub for fishery activities, which contributes to the local economy and attracts investors. The busy streets and markets are one of the beauty of the city and attract tourists.

For those looking to explore the city on two wheels, Hero FinCorp's quick approval on two-wheeler loans in Amalapuram provides convenient financing options, ensuring easy access to transportation for residents and visitors alike.

Features And Benefits of Two Wheeler Loan in Amalapuram

The advantages of Hero FinCorp's bike loans in Amalapuram are plenty, offering flexibility, convenience, and attractive benefits tailored to your needs.

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High Loan Amount

Get financing from ₹10,000 to ₹3,50,000 for Hero MotoCorp two-wheelers, choosing your perfect ride.

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Attractive Interest Rate

Enjoy competitive bike loan interest rates in Amalapuram, starting at 14%, making it more affordable.

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Collateral Free

Obtain financing without collateral, simplifying the application process and reducing paperwork.

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Flexible Repayment Tenure

Enjoy flexible repayment tenures of up to 60 months, helping you manage your finances better.

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Instant Approval

Get quick decisions in under 15 minutes, so you can hit the road on your new bike fast.

Eligibility Criteria for Two Wheeler Loan in Amalapuram

Before applying for a Two-Wheeler Loan in Amalapuram, make sure you meet the two wheeler loan eligibility criteria. Understanding requirements such as age, citizenship, and work experience can simplify the loan application process.

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Age

Applicants must be over 18 to qualify for a two-wheeler loan in Amalapuram.

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Citizenship Requirement

Only Indian citizens can apply for a two-wheeler loan in Amalapuram.

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Work Experience

Salaried individuals need 1 year of work experience.

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Minimum Monthly Income

A minimum monthly salary of Rs 10,000 is required.

Documents Required to Apply for a Two Wheeler Loan in Amalapuram

To simplify your application process for a Two-Wheeler Loan in Amalapuram with Hero FinCorp, ensure you have the necessary documents for two wheeler loan ready. Whether you're salaried or self-employed, having the right paperwork is crucial for a smooth approval process.

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 Amalapuram

Hero FinCorp offers competitive interest rates on bike finance in Amalapuram, starting at just 14% annually. Our affordable financing options allow you to ride your dream bike without draining your savings. Whether you're commuting to work or exploring scenic views, our flexible repayment plans and attractive two-wheeler loan interest rate in Amalapuram make owning a bike more accessible than ever. Experience the convenience and affordability of our two-wheeler loans tailored to meet your needs in Amalapuram.

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 Amalapuram?

Availing of a Two-wheeler Loan in Amalapuram through Hero FinCorp is a simple process. Here’s how:

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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

Individuals eligible to apply for a Two Wheeler Loan in Amalapuram are Indian citizens who are over 18 years old, have at least one year of employment for salaried individuals or one year of business experience for self-employed individuals, and have a minimum monthly income of Rs. 10,000.
The maximum loan amount available for a Two Wheeler Loan in Amalapuram is up to Rs. 3,50,000 or 100% of the bike's market value, with a minimum loan amount of Rs. 10,000.
The interest rate for a bike on loan in Amalapuram starts at 14% annually.
The processing time for a Two Wheeler Loan application in Amalapuram is quick, with most applications being processed within 15 minutes by Hero FinCorp.