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Two Wheeler Loan EMI Calculator

Calculate your EMI and choose the most suitable EMI for you

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Get A Two Wheeler Loan In Eluru Upto 3.5 Lakh

Eluru, the headquarters of West Godavari district in Andhra Pradesh, seamlessly blends heritage with economic dynamism. Steeped in history, Eluru is known for the Kolleru Lake, one of India's largest freshwater lakes, a haven for birdwatchers and nature enthusiasts. The city thrives on its rice mill industry, a key part of the agricultural sector. Eluru also boasts a long tradition of handloom weaving, keeping the cultural spirit alive. This unique combination makes Eluru an attractive place to visit, live, and work. The best way to commute in the city is by bike or scooter.

Hero FinCorp offers Two-Wheeler Loans in Eluru, providing financial support when you want to buy your dream bike. With competitive interest rates and minimal documentation, securing a loan is hassle-free. Benefit from quick approvals and flexible repayment options designed to suit your budget. Trust Hero FinCorp in Eluru for reliable and efficient Two-Wheeler Loan services, helping you achieve your financial goals effortlessly.

Features And Benefits of Two Wheeler Loan in Eluru

Here are the key features and benefits of securing a Two-Wheeler Loan in Eluru from Hero FinCorp:

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High Loan Amount

Get the money you need to buy your preferred scooter or motorcycle. We offer loans ranging from Rs 10,000 to Rs 3,50,000.

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Attractive Interest Rate

Save on your monthly instalments with our attractive Two-Wheeler Loan interest rates, starting at 14% per annum.

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Collateral Free

You don't have to risk any assets to secure a Two-Wheeler Loan from Hero FinCorp.

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Flexible Repayment Tenure

Choose a repayment plan ranging from 6 to 60 months that fits your budget comfortably.

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Instant Approval

Get instant approval on your loan application so you can buy your dream bike sooner.

Eligibility Criteria for Two Wheeler Loan in Eluru

Here are the various eligibility criteria to get a bike loan in Eluru:

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Age

Ensure you are at least 18 years of age.

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Citizenship

You should be a citizen of India.

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Work Experience

A minimum of one year of work experience is required for eligibility.

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Monthly Income

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

Documents Required to Apply for a Two Wheeler Loan in Eluru

Here are the documents required for a salaried person and self employed individuals wanting to apply for a Hero FinCorp Two-Wheeler Loan:

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 Eluru

At Hero FinCorp in Eluru, our Two-Wheeler Loans are designed to help you purchase your dream bike without depleting your savings. We offer competitive bike loan interest rates in Eluru, starting at 14% per annum, ensuring affordability and flexibility. Whether looking for an electric scooter for daily commuting or a stylish motorcycle for occasional rides, our bike loans can cater to your needs.

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 Eluru?

You can apply for two-wheeler financing in Eluru online and offline.

Here’s how you can 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

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.
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