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Get A Two Wheeler Loan In Sangareddy Upto 3.5 Lakh

Sangareddy, located in Telangana, is an emerging tourism destination. It has an intricate blend of history, culture, and natural beauty. The town is renowned for the historic Medak Cathedral, a stunning example of Gothic architecture, and the Singur Dam, perfect for picnics and boating. You would surely love visiting these places on your bike or scooty.

As a resident or a visitor, you can also explore the ancient Kondapur Archaeological Museum. The lush greenery of Pocharam Wildlife Sanctuary provides a serene escape for nature lovers.

With its mix of historical landmarks and scenic spots, Sangareddy offers a delightful experience that becomes even more fun on two-wheelers, as you can soak it all in with more convenience.

Are you looking to buy a scooter or bike in Sangareddy? Hero FinCorp can help you finance it with a Two-Wheeler Loan. Get quick approval and fast disbursal.

Features And Benefits of Two Wheeler Loan in Sangareddy

What makes borrowing a Two-Wheeler Loan in Sangareddy from Hero FinCorp advantageous? The loan offers flexibility, competitive interest rates, and quick processing. Here are the key features:

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High Loan Amount

You can get up to Rs 3.5 lakh to buy your favourite bike with Hero FinCorp’s Two-Wheeler Loan in Sangareddy.

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Attractive Interest Rate

Our Two-Wheeler Loans come with a competitive interest rate, starting from 14% per annum.

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Collateral Free

Our Two-Wheeler Loans are collateral-free, which means you will not need to provide any security in exchange for your loan.

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Flexible Repayment Tenure

You can choose to repay your Two-Wheeler Loan over tenures of up to 60 months.

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Instant Approval

When you meet our eligibility criteria, you can get instant approval on your Two-Wheeler Loan in Sangareddy.

Eligibility Criteria for Two Wheeler Loan in Sangareddy

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

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Age Range

Between 18 and 65 years old.

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Citizenship Requirement

Must be an Indian citizen.

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Work Experience

Salaried individuals need 1 year of work experience.

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Minimum Monthly Income

A minimum monthly salary of Rs 10,000 is required.

Documents Required to Apply for a Two Wheeler Loan in Sangareddy

To apply for bike finance in Sangareddy, you will need to provide the following documents for 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 Sangareddy

Interest rates play a crucial role in determining the cost of your loan. You can secure the best two-wheeler loan interest rate based on your credit score, income, and other eligibility criteria. At Hero FinCorp, two-wheeler loans in Sangareddy start from 14% per annum.

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 Sangareddy?

At Hero FinCorp, you can apply for a Two-Wheeler Loan online. Here are the steps to apply:

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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 need to make at least a 5% down payment. Hero FinCorp can finance up to 100% of the bike's cost.
You can make payments via auto-debit facility through your bank account. This ensures timely and hassle-free repayments.
You can contact Hero FinCorp customer care to discuss financing options for bikes purchased online.
A good credit score helps secure favourable loan terms. It's beneficial but not always mandatory for loan approval.