Hero FinCorp Two-wheeler Loan Eligibility Criteria.
Ready to buy your dream bike? Hero FinCorp offers instant Two-Wheeler Loans at competitive rates with minimal eligibility requirements. Get quick approval, competitive interest rates, and flexible repayment tenures. So, no more waiting—finance your ride hassle-free with Hero FinCorp and hit the road with confidence today!
Why compromise on what you want when you have access to funds at your fingertips? At Hero FinCorp, we don’t ask you to go through stringent qualifying conditions. To check your Two-Wheeler Loan eligibility, just go through the table below.
Citizenship
& Age
You should be a citizen of India and must be over 18 years of age.
Employment
Status
Both salaried and self-employed individuals can apply for this loan.
Experience
(Salaried Individuals)
You should have been employed for at least one year and have at least six months of experience with your current employer.
Experience
(Self-Employed Individuals)
You should have been in your current business for at least one year
Maximum
Loan Tenure
Flexible repayment tenure of up to 60 months
Minimum
Loan Amount
You can apply for an amount as low as Rs 10,000
Maximum
Loan Amount
Up to a maximum of Rs 3,50,000 or 100% of the bike's market value (conditions apply)
Monthly
Income
Minimum income Rs 10,000 per month
Calculate Your EMI
Estimate your monthly outflow and adjust your tenure with ease using our EMI Calculator. Plan confidently and borrow smartly.
Are You Eligible?
Let's Find Out.
Factors that Affect Two-wheeler Loan Eligibility.
Before applying for a bike loan, be aware of the factors that influence your two-wheeler loan eligibility.
Age
Anyone over 18 years can apply; a guarantor is needed for students.
Income
Higher income improves approval chances but isn’t mandatory.
Credit
History
Poor credit history lowers loan approval chances.
Area
of Residence
Metro city residents have better loan approval chances.
Employer
Status
A stable job in a reputed company improves approval chances.
Stability
Minimum one year of employment, six months in the current job required.
Existing
Debt
Too many debts reduce loan approval chances.
Two Wheeler Loan Eligibility.
Have you waited too long to buy your dream bike? Wait no more. With Hero FinCorp’s bare minimum eligibility requirements, get your two-wheeler financed without any hassle.
How to Improve Your Eligibility for Two-wheeler Loan?
Do not be disheartened if you find that you are not eligible for a loan when you check bike loan eligibility online. Here are some tips to boost your two-wheeler loan eligibility.
Improve
Credit History
Clear past debts to get better loan rates and quick approval.
Long
Repayment Tenure
A longer time to pay reduces EMIs and improves loan chances.
Add
Co-applicant
Adding a co-applicant with a good income helps get a loan.
Additional
Income
Show extra income to improve loan approval chances.
The latest news.
FAQs.
To get a Two-Wheeler Loan, you must be 18+ and an Indian citizen. Salaried individuals need one year of employment with at least six months of experience with their current employer. Self-employed individuals need one year of business experience. You should also have a minimum monthly income of Rs 10,000.
To check bike loan eligibility, go to Hero FinCorp's website and read our eligibility section. You may also use a Two-Wheeler Loan eligibility calculator.
Both salaried and self-employed individuals are eligible to apply for a Two-Wheeler Loan.
Since you will be paying off your Two-Wheeler Loan in monthly instalments (EMI), you must have enough earnings to fulfil your monthly expenses as well as your EMI commitments. Thus, having a higher income boosts your eligibility for a Two-Wheeler Loan. In addition, if your monthly income is high, you will be able to obtain a higher Two-Wheeler Loan amount and vice versa.
Your credit history is a record of your previous borrowings and repayment patterns. It helps us in determining the soundness of your profile. If you have defaulted on any of your previous loans or skipped EMIs on a previous or existing loan, we will learn about it through your credit report. If you are looking to apply for a Two-Wheeler Loan, make sure your credit report is in good shape.
Your Two-Wheeler Loan will be processed quickly after document verification is completed.
The minimum bike loan period we offer to the borrower is 6 months. During this period, they can repay the loan in easy installments.
Eligibility for Hero FinCorp Two-Wheeler Loans includes age, income, credit history, area of residence, employer status, stability, and existing debt.
Yes, a CIBIL score is required to evaluate the borrower’s credit history for the loan.
You cannot get a Two-Wheeler Loan without proof of income.
The minimum salary to buy a bike with us is Rs 10,000 per month.
