You will find a two-wheeler loan easy to apply for as the eligibility criteria and document proofs are minimal. Once the lender approves the loan, you may get it within the same day. There are several lenders that provide loans. But whom should you borrow from? You may be having other regular expenses apart from the EMI (Equated Monthly Expenses), once you take a loan. Look for lenders who offer comfortable terms and conditions like low-interest rates, flexible repayment periods, etc. Read on to know the factors that make Hero Fincorp Two Wheeler Loan a popular choice among other topmost lenders.
You will find the two-wheeler loan from Hero Fincorp has certain beneficial features that include:
Â·Â Â Â Â Â Â Â Â No Hidden clauses
Sometimes lenders have hidden clauses that can affect your loan amount like processing fees, other charges, etc. All the terms and conditions and features are mentioned clearly in the policy document. Your two-wheeler would be collateral or mortgage to the company against which you would be getting the loan. You can be a salaried a self-employed professional, etc.
Â·Â Â Â Â Â Â Â Â Loan amount
The Hero Fincorp Two Wheeler Loan would offer an LTV (Loan to Value) of up to 95%Â and over a range of Rs 10,000 to Rs 100,000. The Loan to Value (LTV) ratio depends on the type of two-wheeler that you are buying like brand-new or 2nd hand. You may compare the LTV ratios by different lenders and what Hero Fincorp is offering. The loan processing is usually quick and does not involve any hassle.
Â·Â Â Â Â Â Â Â Â EMI (Equated monthly instalment)
Check whether the EMI amount is okay for you when you finalise the loan amount. You should be able to pay it without difficulty. Do not go for higher loan amounts than you require or buy a more expensive bike even if the dealer urges you to. It may be hard for you during repayment. Hero Fincorp offers a multiple loan tenure of 12 to 48 months so that it is easy for you to carry on the other regular expenses.
Â·Â Â Â Â Â Â Â Â Interest rate
The interest rate would depend on your age, income, employment status, credit history, etc. Here you will find competitive interest rates but they may vary according to the model of the two-wheeler that you are purchasing.
Â·Â Â Â Â Â Â Â Â Special offers
You will find two-wheeler finance companies including Hero Fincorp offering attractive discounts and offers during festive seasons, particular periods like monsoons, winters, etc. The offers may include low-interest rates, a discount on processing fees, etc. If you are an existing client, you may get additional benefits compared to new applicants. This way you can save more on your EMIs.
Â·Â Â Â Â Â Â Â Â Repayment option
You may repay through your preferred mode of payment like cash, net banking, PDC, ECS, etc. there would be a nominal fee for processing fee and stamp duty that is compulsory.
Before finalising a lender, check out the features of a Hero Fincorp Two Wheeler Loan. There are several two-wheeler loan lenders in India but you should go for one that offers loans with easy terms and conditions. It would be easy for you to pay back without having any financial stress.
Contact Us & Send Query-
Hero FinCorp Limited
09, Basant Lok, Vasant Vihar, New Delhi â€“ 110057
Email Id: Corporate.Care@HeroFinCorp.com
Website – https://www.herofincorp.com/
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