Whether you draw a salary or are self-employed, you can apply for a two wheeler loan in Coimbatore.
INTRODUCTION
Get in touch with us to avail a two wheeler loan in Coimbatore that is affordable and easy. You get customizable loan options, which make the repayment process comfortable for you. Pick from the many flexible choices Hero FinCorp offers for down payments and tenures as well.
FEATURES AND BENEFITS
Hero FinCorp offers loan amounts ranging from INR 10,000 to
INR 3,50,000
The maximum loan to value (LTV) ratio we offer is 95%, which can easily help you buy that bike you have been eyeing.
Our interest rates are competitive and flexible tenures can go up to 60 months, making your repayment process easy.
To apply for bike finance in Coimbatore, you need to provide minimal documents. We do not require any guarantor to process your application.
You get to choose from different repayment options like cash, PDC, ECS, and NACH.
If all your documents are in place, it might take only 15 minutes for us to approve your loan.
THE HERO FINCORP ADVANTAGE:
- Hero FinCorp is your best bet if you are seeking the highest possible loan amount in Coimbatore.
- To make it easy for you to repay your two wheeler loan, we offer affordable interest rates.
- Minimal documentation is required by us to process your loan application.
- When you approach us for a bike loan in Coimbatore, you get to select from multiple tenures.
- Hero FinCorp offers multiple modes of repayment too, such as NACH, PDC, ECS, Cash, etc.
- Fast and hassle-free processing is guaranteed when you avail a bike loan from us.
What Our Clients Say About Us
HOW TO APPLY FOR TWO-WHEELER LOANS IN COIMBATORE
- 01
Either visit your closest Hero MotoCorp dealership or apply online by clicking here. Make sure you are eligible and possess all essential documents before you apply for a bike loan in Coimbatore.
- 02
After you fill out your application form, submit the same with your KYC documents, income proof and a passport size photo. You do not need to name a guarantor or offer any collateral to get a two wheeler loan in Coimbatore. However, the co-applicant can be your spouse or a blood relative living with you.
- 03
Then choose from the multiple options we provide for a two wheeler loan in Coimbatore, depending on your documents, credit history, and the bike model and price. You can pick from various tenures and down payment amounts as well.
- 04
To conclude the application process, go through the terms and conditions carefully and then accept the same.
Eligibility Criteria
The best part about availing a bike loan in Coimbatore from us is that, you get to choose from many different options as per your need and convenience. So, start with the application process right away if you are eligible
You need to fulfil the following eligibility criteria to get a bike loan from Hero FinCorp:
- Hero FinCorp accepts applications only from Indian nationals and those who are above 18 years.
- Salaried individuals should have worked for at least a year and should have been employed with the current employer for 6 months minimum, OR
- Self-employed individuals should have been in their current business for 1 year at least.
Documentation Required
- You can get a two wheeler loan in Coimbatore by providing KYC documents such as photo identity and address proof.
- You must supply bank statements whether you are salaried or self-employed. Are mandatory in case of salaried individuals.
- To complete your application, you need to provide a passport-size photo.
Frequently Asked Questions (FAQs)
EMI stands for Equated Monthly Instalments. It is a monthly payment option that allows you to repay your loan over a certain period of time. EMIs are fixed payments and include a principal (loan amount) part and an interest part. The two wheeler EMI calculator on our website will help you determine your payable EMI for a bike loan in Coimbatore
Hero FinCorp provides one of the best interest rates for a two wheeler loan in Coimbatore.The interest rate is dependent on the loan amount you take, the tenure, your income and your credit score. If the tenure is a long one, then the interest rate tends to be lower. Having a good credit score will also help you to get a competitive interest rate.
Visit our Hero FinCorp website and use the bike loan calculator in Coimbatore that we have at the top. You simply need to enter primary details such as loan amount, tenure and interest rate, to calculate your EMI in no time. Try out different combinations till you zero in on loans terms that suit your requirements best.
To help you pay off your bike loan easily, Hero FinCorp offers numerous special schemes from time to time. You can reach out to our representatives who will happily explain every detail about the same.
Yes, you can prepay your loan without incurring penalty, if your foreclosure terms in the loan agreement say so. If you want to pay back your two wheeler loan quickly, choose a short tenure. Though you will have to bear a higher rate of interest, you will be free of debt soon. Visit our website to use the two wheeler loan interest calculator in Coimbatore and determine the EMI that best suits your needs.