It is easy to apply for a two wheeler loan in Panipat, whether you are self-employed or salaried.
INTRODUCTION
The key to getting a quick and inexpensive two wheeler loan in Panipat is Hero FinCorp. You can customise your loan as per your preference, so that you can repay it on time and without any hassle. Get the chance to pick from different down payment and tenure options as well.
FEATURES AND BENEFITS
The loan amount you avail can be between INR 10,000 and INR 3,50,000.
Hero FinCorp offers a loan to value (LTV) ratio that can be as high as 95%, so that you can make a down payment conveniently.
Attractive interest rates and flexible tenures that go up to 60 months are our specialty.
You do not need a guarantor when you apply for bike finance in Panipat. And the documentation required is minimal.
For your convenience, we provide several repayment modes like cash, ECS, PDC, and NACH.
You do not have to wait longer than 15 minutes for your loan to get approved, if you have all the necessary documents on you.
THE HERO FINCORP ADVANTAGE:
- If you are trying to secure the highest loan amount in Panipat, contact us and we will help you in every way we can.
- You will find that we offer the best interest rates, so that your repayment process is smooth.
- You will need to supply just a few basic documents for us to process your loan application.
- Take your pick from various tenure options when you approach us for a bike loan in Panipat.
- We make your EMI payments a breeze with multiple payment options like NACH, PDC, ECS, cash, etc.
- Let us know immediately in case you are looking for fast and smooth loan processing.
What Our Clients Say About Us
HOW TO APPLY FOR TWO-WHEELER LOANS IN PANIPAT
- 01
To apply for a bike loan in Panipat, begin by filling up an application form either at your closest Hero MotoCorp dealership or on our website by clicking here. Ensure that you are eligible for a two wheeler loan and have your documents with you.
- 02
Once your eligibility is checked, the next step in the process involves submitting your application form along with a passport size photo, KYC documents and income proof. We do not ask our clients for a guarantor or any collateral to approve a bike loan. We provide the option of applying for a loan with a co-applicant who can be your spouse or a blood relative living with you.
- 03
Next, based on the model and price of your bike, your documents and your credit history, you get to choose from different down payment amounts and tenure options for a two wheeler loan in Panipat.
- 04
To complete the application process, you need to read and understand the terms and conditions and then accept them.
Eligibility Criteria
Approaching Hero FinCorp for a bike loan in Panipat is a wise move as you get to pick from multiple financing options. So, if you meet our eligibility criteria, start your loan application process right away.
Take a look at this eligibility criteria list before you avail a two-wheeler loan from Hero FinCorp:
- You must be above 18 years and an Indian national.
- If you are a self-employed person, you should have been in your present business for at least 1 year. OR
- If you are a salaried person, you should have been employed for at least a year in total and you should have been with your present employer for a minimum of 6 months.
Documentation Required
- To get a two wheeler loan in Panipat, you need to provide your KYC documents, which include a photo identity and address proof, and a passport-size photo.
- Whether you are salaried or self-employed, you must provide your proof of income through bank statements. If you are a salaried individual, you have to share.
Frequently Asked Questions (FAQs)
EMI means Equated Monthly Instalments. When you take on a large loan amount, the lender agrees to let you repay it in small instalments over a fixed period of time. The EMIs are fixed payments and are a total of the principal (loan amount) part and the interest part. To calculate the EMI payment easily, you can visit our website and check out the two wheeler EMI calculator.
Hero FinCorp is undoubtedly the answer to this question. We give our clients the best interest rates possible on a two wheeler loan in Panipat. The rate is usually determined by the loan amount, tenure, your income and credit score. If you want a low interest rate, you can choose a long tenure too. An impressive credit score is an added bonus that can further reduce your rate of interest.
Simply visit our website and give our bike loan calculator in Panipat a try. You have to only enter details like loan amount, tenure and interest rate, in order to calculate your EMI. Try different variations and choose the loan terms that are most convenient for you.
Yes, you can look forward to special schemes every now and then, when you approach Hero FinCorp for a two wheeler loan. Get in touch with us to know all about them.
Go through the foreclosure terms in your loan agreement to see if you are eligible to prepay the loan. If you are, then you can, without incurring any fine. Also, if the idea is to pay off the loan quickly, you might want to pick a short tenure. The interest rate will be higher in this case, but you will be debt-free faster. Visit our website and use the two wheeler loan interest calculator in Panipat to determine the EMI payable on your loan.