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Get A Two Wheeler Loan In Chevella Upto 3.5 Lakh

Located in the Ranga Reddy district of Telangana state, Chevella is a vibrant town known for its scenic beauty and growing economic opportunities. Situated amidst lush greenery and picturesque locations, Chevella attr

Here, two-wheelers are considered convenient by almost all age groups above 18 years. Those looking to buy their scooter or bike without disturbing their finances can for Hero FinCorp’s Two-Wheeler Loans in Chevella.

With a commitment to providing accessible financing solutions, Hero FinCorp ensures the residents of Chevella can easily purchase their dream two-wheeler. Whether it's for daily commutes, leisure rides, or business purposes, owning a motorcycle or scooter becomes hassle-free with Hero FinCorp's quick loan approval process.

Benefiting from quick approvals and competitive interest rates, Hero FinCorp empowers individuals in Chevella to fulfil their transportation needs without undue financial strain. Moreover, flexible repayment options further enhance the convenience, making it easier for borrowers to manage their finances effectively.

Features And Benefits of Two Wheeler Loan in Chevella

Take a look at the advantages of Hero FinCorp's bike loans in Chevella, offering flexibility and convenience tailored to your needs.

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High Loan Amount

Get financing from Rs 10,000 to Rs 3,50,000 on Hero MotoCorp bikes without constraints.

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Attractive Interest Rate

Enjoy competitive Two-Wheeler Loan interest rates in Chevella starting at 14%, making it affordable.

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Collateral Free

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

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Flexible Repayment Tenure

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

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Instant Approval

Get approval in 15 minutes so you can hit the road on your new bike quickly.

Eligibility Criteria for Two Wheeler Loan in Chevella

Make sure you meet Hero FinCorp's eligibility criteria for bike finance in Chevella. From age requirements to citizenship and work experience, ensure you qualify for easy loan approval.

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Age

Applicants must be over 18 years old.

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Citizenship

Only Indian citizens are eligible.

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Work Experience

Salaried and self-employed individuals can apply, with at least one year of experience.

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Minimum Monthly Income

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

Documents Required to Apply for a Two Wheeler Loan in Chevella

When applying for two-wheeler finance in Chevella, ensure you have the necessary documents for two-wheeler loan ready for a smooth application 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 Chevella

Hero FinCorp offers attractive bike loan interest rates in Chevella starting at 14% per annum on Two-Wheeler Loans, ensuring affordability and ease of purchase. With these competitive rates, you can fulfil your dream of owning the perfect bike without depleting your savings. Whether buying a sleek motorcycle or a gearless scooter, our financing options empower you to hit the road with confidence. Hero FinCorp provides flexible repayment terms and transparent lending solutions tailored to your financial needs, making your bike purchase a smooth and enjoyable experience.

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 Chevella?

Securing a bike on loan in Chevella is a straightforward process with Hero FinCorp. Here's how you can get started:

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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

Typically, a CIBIL score of 750 and above is considered ideal for a Two-Wheeler Loan, indicating creditworthiness.
Yes, you may get a Two-Wheeler Loan without a salary slip. You can provide bank statements or Form 16 to show your income.
The interest rate may be higher due to factors like loan amount, repayment tenure, borrower's creditworthiness, and market conditions.
Festive days like Diwali and Navratri, and months like December (year-end) and March (financial year-end) are considered good for buying a two-wheeler due to great offers and discounts.

The EMI for a Two-Wheeler Loan is calculated using the loan amount, interest rate and repayment tenure. You can use the two wheeler loan emi calculator online to quickly calculate the loan instalments.