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Two Wheeler Loan EMI Calculator

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Get A Two Wheeler Loan In Chodavaram Upto 3.5 Lakh

Chodavaram, a vibrant city in Andhra Pradesh, is known for its rich cultural heritage and historical significance. The Kotipalli Rama Temple, a renowned pilgrimage site, attracts devotees throughout the year. Chodavaram boasts a flourishing agriculture sector, with paddy cultivation being the mainstay. Additionally, the city houses small-scale industries, contributing to its economic growth.

In Chodavaram, access to financial services plays a key role in boosting local economic activities. Hero FinCorp stands out as a trusted provider of two-wheeler loans, empowering residents with convenient mobility solutions. Our offerings support daily commutes and contribute to the region's economic growth. Experience the charm of Chodavaram while riding your dream two-wheeler with a convenient two-wheeler loan from Chodavaram.

Features And Benefits of Two Wheeler Loan in Chodavaram

Chodavaram locals can now avail of an attractive two-wheeler loan option from Hero FinCorp to get their desired two-wheeler in minutes:

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High Loan Amount

Get instant funds with Hero FinCorp bike loans ranging from Rs 10,000 to Rs 3,50,000.

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Attractive Interest Rate

Get an attractive interest rate starting from 14% on your bike loan and lower the overall loan costs.

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Collateral Free

With us, you don’t need to pledge any assets to secure a two-wheeler loan.

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Flexible Repayment Tenure

Select a repayment plan ranging from 6 to 60 months that is comfortable according to your budget.

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Instant Approval

Apply for a Two-Wheeler Loan with Hero FinCorp for instant approval and quick disbursement.

Eligibility Criteria for Two Wheeler Loan in Chodavaram

Here are the two-wheeler loan eligibility criteria for securing a bike loan in Chodavaram:

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Age

The minimum age requirement is 18 years.

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Citizenship

You need to be an Indian citizen.

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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

Showcase a minimum income of Rs. 15,000 per month.

Documents Required to Apply for a Two Wheeler Loan in Chodavaram

The following documents for two-wheeler loan are required if you are a salaried or self-employed person wanting to apply for a Hero FinCorp bike loan in Chodavaram:

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

identity_proof.png
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 Chodavaram

A two-wheeler symbolises the freedom to move effortlessly. With Hero FinCorp’s budget-friendly two-wheeler loans in Chodavaram, you can purchase your dream bike without touching your savings. Our competitive two-wheeler loan interest rates let you buy your dream bike without breaking your savings.

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 Chodavaram?

To apply for a two-wheeler loan in Chodavaram, you can either visit a Hero FinCorp branch near you or apply online on our website. Here are the steps to apply online:

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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

No, Hero FinCorp doesn’t cover used bike loans but, you can apply for Personal Loan for the same.
You can borrow up to Rs. 3.5 Lakhs for HeroMotoCorp two-wheeler loan.
Yes, you can prepay your loan; all you need to do is check the prepayment charges.
If you default on your two-wheeler loan payments in Chodavaram, we may have to pay late fees, report the default to credit bureaus, and eventually harm your credit score.
No, you don’t need a guarantor to apply for a Hero FinCorp two-wheeler loan.
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