High Loan Amount
Get up to 100% financing (up to ₹3.5 lakh) on fuel-efficient or sporty bikes with Hero FinCorp.
Two Wheeler Loan In Varanasi
- 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 Varanasi Upto 3.5 Lakh
Varanasi, also known as Banaras or Kashi, is one of the world's oldest cities and is considered one of the holiest. Known for its cultural and spiritual richness, the city witnesses heavy footfall. Varanasi is a challenging city regarding road transportation. The complex and narrow streets will put your driving skills to the test. Heavy vehicles or four-wheelers are not highly preferred here.
Consequently, two-wheelers become a convenient, affordable, and effective transport medium in this spiritual retreat. If you want to buy a bike but need more funds, you can always rely on Hero FinCorp for a two-wheeler loan in Varanasi. We offer you instant financing through a simple application procedure.
Varanasi offers you the finest street food. Besides this, the serene ghats are the highlight of this city. If you have planned to explore these with a bike, you would never want to wait weeks to get approval for the loan. Time is precious, and we recognise its value.
We prioritise rapid loan disbursement, enabling you to cruise the streets of Varanasi on your new bike loan in Varanasi without any unnecessary delays. Our well-optimised application procedure and effective approval mechanism assure a seamless and expedited process for a stress-free experience.
Features And Benefits of Two Wheeler Loan in Varanasi
Choosing a two-wheeler loan in Varanasi provides you with a range of features and benefits, including:
Attractive Interest Rate
Hero FinCorp offers competitive bike loan interest rates in Varanasi, ensuring affordable and stress-free repayments.
Collateral Free
Get a bike loan in Varanasi without collateral. Quick approval, easy eligibility, and zero asset requirement.
Flexible Repayment Tenure
Select repayment terms from 6 to 60 months to match your budget, giving you flexibility and financial ease.
Instant Approval
Time matters. That’s why we offer instant loan approval for fast and easy two-wheeler finance in Varanasi.
Eligibility Criteria for Two Wheeler Loan in Varanasi
The eligibility criteria at Hero FinCorp are minimal and simple. You only need to ensure the following points:
Age
Ensure you are at least 18 years of age.
Citizenship
You should be a citizen of India.
Work Experience
A minimum of one year of work experience is required for eligibility.
Monthly Income
You must earn a minimum monthly income of Rs 10,000.
Documents Required to Apply for a Two Wheeler Loan in Varanasi
To apply for a two-wheeler loan in Varanasi, you'll need the following documents along with a duly signed loan application form and passport-size coloured photograph:
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 Varanasi
Certain factors determine the interest rate on a bike loan. The loan amount, credit score, and income play a crucial role. Generally, Varanasi's bike loan interest rates start at 14% per annum. It is also advisable to improve your credit score if it is lower than required. It will help you get better offers and increase your approval chances.
How To Apply For a Two Wheeler Loan in Varanasi?
Applying for a two-wheeler loan with Hero FinCorp is very simple:
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
Yes. You can make it if you have enough money to afford the prepayment. You should know the possible terms and conditions and prepayment charges.
You can get up to 100% of the bike's cost. If you plan to buy a luxury two-wheeler through a bike loan, you can opt for up to 3.5 lakh, the remaining amount payable through a down payment.
When opting for a bike loan in Varanasi, you need to pay a nominal charge as a processing fees. It may be around 1-2% of the loan amount.
You can transfer your existing loan to another lender. If you find your existing loan is more costly than it should be and you are getting better offers, you can transfer it through a simple process.
If you do not want to bear the expense of a new bike, you can purchase a used one. Also, you can get a bike loan for a used two-wheeler in Varanasi.