High Loan Amount
Finance your dream two-wheeler with a loan amount of up to Rs. 3.5 Lakhs.
Two Wheeler Loan In Prakasam
- 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 Prakasam Upto 3.5 Lakh
Situated along the shoreline of India, Prakasam beckons visitors with its enchanting beaches, such as Ramakrishna Beach and Manginapudi Beach. Apart from its views, Prakasam is renowned for its thriving cotton industry, making it a key hub for agriculture. The area's rich history is reflected in landmarks such as the Kothapatnam Fort, which showcase its heritage. From delving into sites to unwinding on tranquil beaches or immersing in farming activities, Prakasam offers diverse attractions to delight tourists. With its blend of beauty, historical significance and agricultural vitality, Prakasam is a destination that promises something special for every traveller and merits exploration.
Features And Benefits of Two Wheeler Loan in Prakasam
Get on the road quickly and conveniently with a Hero FinCorp Two-Wheeler Loan in Prakasam!
Attractive Interest Rate
Enjoy competitive interest rates for a budget-friendly repayment plan.
Collateral Free
No need to pledge any assets as security for the loan.
Flexible Repayment Tenure
Choose a repayment tenure that aligns with your financial comfort, usually 6 to 60 months.
Instant Approval
Get a quick decision on your loan application, allowing you to ride away sooner.
Eligibility Criteria for Two Wheeler Loan in Prakasam
Qualifying for a Two-Wheeler Loan in Prakasam is easier than you think!
Age
Generally, applicants must be between 18 and 65 years old.
Citizenship
You must be an Indian resident.
Work Experience
Minimum work experience requirements may vary, but usually between 1 and 3 years.
Monthly Salary
Your monthly salary should be Rs. 10,000 or more to meet the loan EMI.
Documents Required to Apply for a Two Wheeler Loan in Prakasam
The application process for bike finance in Prakasam is streamlined. Here's what you will generally need:
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 Prakasam
A Two-Wheeler Loan interest rate in Prakasam can fluctuate based on your credit score, the loan amount, and the loan tenure. It is advisable to compare rates from different lenders to ensure you are getting the most favourable deal. At Hero FinCorp, it's worth noting that you get the most affordable interest rates on Bike Loans which can help you manage your financial budget over time as per your unique financial circumstances.
How To Apply For a Two Wheeler Loan in Prakasam?
Getting a Bike Loan in Prakasam is a simple process:
Here’s how you can apply online:
- 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
Generally not, as students lack the required income proof.
It might be challenging, but we will consider alternative factors for approval if you have a good and regular income and all the paperwork is ready.
Not always, but it can improve your chances of approval if you have a limited credit history.
Yes, but you must provide proof of income through bank statements or income tax returns.
Yes, but prepayment charges may apply. Check our detailed list of charges.