High Loan Amount
Getting a Bike Loan in Bhopal has become easy. Eligible applicants can get up to Rs 3,50,000.
Two Wheeler Loan In Bhopal
- Loan up to Rs 3.5 Lakh
- Longer Tenure
- No Hidden Charges
- Flexible Repayment
Two Wheeler Loan EMI Calculator
Get A Two Wheeler Loan In Bhopal Upto 3.5 Lakh
Bhopal, the capital city of Madhya Pradesh, is popular for its diverse attractions and industries. One of its best-known heritage sites is the Bhimbetka Caves, listed as a UNESCO World Heritage Site. This cave is famous for its ancient paintings. Besides, visitors can enjoy boat rides on the Upper and Lower Lakes with stunning views.
Bhopal is a hub of various industries, including the manufacturing of electrical goods, jewellery, and cotton textiles. It is also home to important government institutions, adding to its administrative significance.
The city has a unique blend of old-world charm and modernity, as evidenced by the impressive Taj-ul-Masajid, one of the largest mosques in Asia, as well as modern shopping centres and educational institutions.
When it comes to cuisine, one can relish famous dishes like 'Poha' and 'Bhopali Gosht Korma.'
Overall, the warm hospitality and harmonious fusion of tradition make it an excellent place to live.
If you are new to the city or a resident looking to buy a scooter or bike in Bhopal, borrow a Two-wheeler Loan from Hero Fincorp.
Features And Benefits of Two Wheeler Loan in Bhopal
When it comes to features, Two-wheeler Loans in Bhopal by Hero Fincorp have many distinct features and benefits, such as high loan amounts, attractive interest rates, flexible repayment tenure and instant approval. Take a look at some of the features listed below:
Attractive Interest Rate
Our Bike Loans in Bhopal come with attractive interest rates, making the loan cost affordable.
Collateral Free
At Hero FinCorp, you can get a Two-wheeler Loan in Bhopal without collateral.
Flexible Repayment Tenure
Our Two-wheeler Loans in Bhopal come with flexible repayment tenures of up to 60 months.
Instant Approval
Get quick approval on your bike loan in Bhopal by applying through our website.
Eligibility Criteria for Two Wheeler Loan in Bhopal
Knowing your eligibility for a loan is essential before proceeding with your application. To obtain a Two-wheeler Loan in Bhopal, you must meet certain requirements. These include age, income, and employment status. Read on to know each criterion:
Age
Applicants must be 18 or older for a two wheeler loan in Bhopal.
Citizenship
To get a bike on loan in Bhopal, you should be a citizen of India.
Work Experience
Salaried and self-employed individuals can apply, with at least one year of experience.
Monthly Salary
Applicants must have a minimum monthly income of Rs. 10,000.
Documents Required to Apply for a Two Wheeler Loan in Bhopal
To apply for a Two-wheeler Loan in Bhopal, you'll need the following documents along with a duly signed loan application form and passport-size coloured photograph:
Documents Required for Salaried Employee
Loan Application
Duly filled loan application form, Passport-size coloured photograph
Identity Proof
Driving Licence, Aadhaar card, Passport, PAN Card, ID Card (issued by Central Government/State Government/PSUs)
Residence Proof
Driving Licence, Aadhaar Card, Passport, Property or Municipal Tax Receipt, Ration Card, Utility Bill
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
Job Continuity Proof
Job offer letter from the current employer, Experience certificate from the previous employer
Age Proof
Birth Certificate, Passport, PAN Card, Driving Licence
Office Address Proof
(Not required for salaried employees)
Property Documents
(Not required for salaried employees)
Documents required for Self Employed
Loan Application
Duly filled loan application form, Passport-size coloured photograph
Identity Proof
Driving Licence, Aadhaar card, Passport, PAN Card
Residence Proof
Driving Licence, Aadhaar Card, Passport, Ration Card, Utility Bill
Income Proof
(Not required for self-employed)
Job Continuity Proof
(Not required for self-employed)
Age Proof
Birth Certificate, Passport, PAN Card, Driving Licence
Office Address Proof
Maintenance Bill, Utility Bill
Property Documents
Rent Agreement, SSI or MSME Registration Certificate
Interest Rates and Charges for Two Wheeler Loan in Bhopal
The Bike Loan interest rate in Bhopal varies depending on many factors. Your credit score is one of the most crucial factors that affect the interest rate you're offered. Hero FinCorp offers competitive two-wheeler loan interest rates starting at 14% annually. You can secure the best rates if you have a good credit score. Moreover, our team is always ready to help you get the most competitive interest rate for your bike loan in Bhopal to purchase the two-wheeler of your choice.
How To Apply For a Two Wheeler Loan in Bhopal?
Availing a Two-wheeler Loan in Bhopal through Hero FinCorp is a straightforward process:
- 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
Both salaried and self-employed individuals fulfilling the eligibility criteria can apply for a Two-wheeler Loan in Bhopal.
Generally, interest rates depend on factors like lender, loan amount, tenure, credit score, and prevailing marketing conditions. At Hero FinCorp, interest rates start at 14% per annum.
Some lenders finance both old and new scooters and bikes. If you plan to buy a second-hand two-wheeler, you must first confirm with your lender.
A permanent address in Bhopal is a part of the eligibility criteria for processing the loan. It is part of the verification to know your stability and creditworthiness for the lender. Depending on the lender's policies, you may provide your friend's or relative's address as your temporary address.
Usually, the Bike Loan interest rates in Bhopal are fixed. This lets the borrower plan their repayment better and control their finances.