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Get A Two Wheeler Loan In Chilakaluripet Upto 3.5 Lakh

Chilakaluripet is a historical city in Andhra Pradesh known for its ancient Chebrolu Someswara Shiva Temple. The city boasts a thriving textile industry, focusing on cotton production and handloom weaving. Rice mills and oil extraction units contribute to the city's agricultural sector. Chilakaluripet offers a glimpse into the region's rich heritage and economic development.

Chilakaluripet also supports its local economy with accessible financial services, including options for two-wheeler loans. Hero FinCorp is a prominent provider in this area, offering Two-Wheeler Loans in Chilakaluripet that facilitate mobility for residents, helping with daily commutes and enhancing economic activities in the region.

Features And Benefits of Two Wheeler Loan in Chilakaluripet

Hero FinCorp offers affordable Two-Wheeler Loans in Chilakaluripet with attractive features.

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High Loan Amount

Get approved for financing from Rs 10,000 to Rs 3,50,000 for your preferred two-wheeler.

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Attractive Interest Rate

Save on your loan with competitive Two-Wheeler Loan interest rates starting from 14% per annum.

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Collateral Free

No need to pledge assets to secure your Two-Wheeler Loan.

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Flexible Repayment Tenure

Choose a plan that fits your budget comfortably. Hero FinCorp offers repayment tenures of up to 60 months.

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Instant Approval

Once you apply for a Two-Wheeler Loan with Hero FinCorp, you can expect instant approval and quicker disbursement.

Eligibility Criteria for Two Wheeler Loan in Chilakaluripet

Cruising on your new two-wheeler in Chilakaluripet could be closer than you think! Check the two-wheeler loan eligibility criteria to see if you qualify for a loan.

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Age

The minimum age requirement is 18 years.

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Citizenship

You must be an Indian resident.

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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 Salary

You must earn a minimum monthly income of Rs. 10,000.

Documents Required to Apply for a Two Wheeler Loan in Chilakaluripet

If you are a salaried individual and self-employed Individual looking to geta two-wheeler finance in Chilakaluripet with Hero FinCorp, here are the documents for two-wheeler loan you will need:

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 Chilakaluripet

A two-wheeler is more than just a vehicle; it represents the freedom of mobility. Hero FinCorp's affordable Two-Wheeler Loans allow you to buy your ideal bike or scooter without dipping into your savings. Our Two-Wheeler Loan interest rate in Chilakaluripet is very competitive, and you can expect to secure a new bike without straining your pockets.

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 Chilakaluripet?

Securing a bike on loan in Chilakaluripet 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

You can proceed under the foreclosure terms outlined in your loan agreement.
Your loan processing will occur within 15 minutes after submitting the required documents and completing verification.
No guarantor is needed for loan approval. Just submit your KYC documents and bank details.
You may be able to provide a down payment as low as 5% of the vehicle's on-road price, depending on your credit score and eligibility.
A good credit score can help you get favourable terms on your Two-Wheeler Loan, including competitive interest rates and flexible repayment tenure.