Neha Verma Blog | All You Need to Know About Hero Bike Loan | Talkmarkets

Neha Verma

Finance Services

I have a strong understanding of internet business and eCommerce, the ability to multi-task and manage time effectively. My business planning and organizational skills are phenomenal. Having worked in a variety of industries likes  Finance, Loans,Technology, Health Care, Finance, Food, ... more

All You Need to Know About Hero Bike Loan

Date: Tuesday, June 18, 2019 1:54 AM EDT

If purchasing the latest Hero bike is on your mind, you are at the right place. Owning a two wheeler is a matter of pride and it allows you to live life your way. With your own two wheeler, you will not have to use public transport and you will be able to enjoy the passion and thrill of riding down the city lanes. Hero manufactures many types of models and introduces them throughout the year. It has the latest features and technology that can make your riding experience unique and satisfying.

Hero Bike Loan

You can purchase a new bike on hero bike loan and repay the loan while you use your bike. Any individual above the age of 18 is eligible to apply for the loan. You will be required to fill up the application form and submit the necessary documents. These documents include an income proof, identity proof and proof of address. If you have a positive credit score, you will be able to enjoy a quick loan approval. If you are already a customer with the lender, you might be able to enjoy a low interest rate or zero processing fees. Getting a loan is a hassle free and convenient process. Once you decide on the two wheeler you want to own, you will be in a better position to apply for the loan.

You will have to remember that the entire cost of the bike will not be your loan amount. You will be required to make a down payment for the loan. This down payment could range anywhere between 15% to 30% of the cost of the bike. If you have excess cash, you can make a higher down payment. The loan will be processed within 2 days and you will be able to take your bike home in 24 to 48 hours. Buying a new bike should not break your bank and hero bike loan ensures just that. You will not have to compromise on the bike you want because of its price nor do you need to postpone the purchase. You will be able to get the best bike within no time with this loan. The customer executives will be happy to explain the terms and conditions of the loan to you.

Two wheeler loans are available at low interest rate and they carry flexible repayment tenure. Compare the interest rates offered by different lenders and then decide on one. You will have to repay the loan in EMIs, hence, consider your monthly outflow before you agree on an EMI amount. If you default in the payment of EMI, you could ruin your credit score. The loan will ensure that your monthly budget is not disrupted and you can get the best bike for yourself in no time. Whether you are purchasing a bike for your daily commute to work or are buying one for your adventures with friends, you no longer need to worry about the affordability of the same.

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

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