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Get A Two Wheeler Loan In Saluru Upto 3.5 Lakh

Saluru, located in Parvathipuram Manyam district, in Andhra Pradesh is small yet enchanting. As a local resident or a visitor, having your own two-wheeler here will help you roam through the town better with more ease and convenience.

There are a few tourist attractions, especially waterfalls, in Saluru that you should absolutely visit on your new bike or scooter. Some of the popular waterfalls that you should surely visit are Nilam Valasa, Boina, Pathapadu, Bobbili Kota, Thonam, Leela, and a few others.

One other spot that you should absolutely not miss is the War Memorial Pillar. It is open on all days at all times, and hence makes a good spot to just hangout in Saluru.

Getting a bike or scooter loan in Saluru is now easier because of Hero FinCorp and exploring this beautiful place.

Features And Benefits of Two Wheeler Loan in Saluru

There is no reason for you to opt for any other lender because Hero FinCorp's two-wheeler loan in Saluru is flexible, has low interest rates, and ensures fast funding.

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High Loan Amount

You can borrow up to Rs 3.5 Lakhs when buying your new two wheeler in Saluru.

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Attractive Interest Rate

Two wheeler loan interest rate in Saluru ranges from 14% to 36%.

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Collateral Free

You do not have to put in any security while having your dream bike or scooter financed by Hero FinCorp.

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Flexible Repayment Tenure

You can choose a flexible time frame that suits your financial budget. It can be up to 5 years.

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Instant Approval

Hero FinCorp approves your two-wheeler loan in Saluru very promptly with absolutely no hassle.

Eligibility Criteria for Two Wheeler Loan in Saluru

The eligibility criteria for getting a quick two-wheeler loan in Saluru are as follows:

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Age

A minimum of 18 years old is required of applicants.

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Citizenship

The loan can only be applied by Indian citizens.

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Work Experience

1 year worth of work experience is a minimal requirement.

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Monthly Salary

Applicants should have a minimum monthly salary of Rs 10,000.

Documents Required to Apply for a Two Wheeler Loan in Saluru

To apply for a bike loan in Saluru, you need the following documents:

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 Saluru

Hero FinCorp charges a minimum of 14% and a maximum of 36% on bike loan interest rates in Saluru. You also get the freedom to pay the loan as per your preferred time frame, taking at most 60 months.

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 Saluru?

Applying for a bike on loan in Saluru is simple:

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

Yes, Hero FinCorp provides two-wheeler loans to housewives in Saluru, subject to basic eligibility criteria being met.
The maximum age limit for availing a two-wheeler loan from Hero FinCorp in Saluru is typically 58 years.
Hero FinCorp may offer two-wheeler loans to applicants with poor credit scores in Saluru, considering other factors.
At Hero FinCorp, you can buy your bike by paying just 5% of the invoice value as a downpayment.
Transferring a two-wheeler loan in Saluru involves contacting Hero FinCorp, submitting the required documents, and getting approval for the transfer.