Hero bikes Finance
Are you interested in buying a new Hero bikes and not able to find right deal? Not sure if you are being charged the right interest rate for your Hero two wheeler loan? Check out the BikeDekho EMI calculator to find the best Hero finance scheme by choosing the model that you wish to buy or calculate loan interest rate and equated monthly instalments (EMI) by entering the amount of bike loan that you wish to take.
Hero Two Wheeler Loan EMI
MODEL | EMI (36 MONTHS) |
---|---|
Hero Splendor Plus | Rs. 2,515 |
Hero Xtreme 125R | Rs. 3,030 |
Hero HF Deluxe | Rs. 2,005 |
Hero Splendor Plus XTEC | Rs. 2,684 |
Hero XPulse 200 4V | Rs. 4,870 |
Hero bikes Finance Schemes
Hero XPulse 200 4V
Rs.1.46 - 1.53 Lakh*EMI starts from Rs. 4,87051.59 kmpl199.6 cc19.17 PS at 8500 rpm
FAQs for Hero Finance
How is Hero bike loan EMI calculated monthly?
Hero bike loan EMIs include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI can be calculated using the following formula: {P x R x (1+R)^N / [(1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
Which documents I need to have to apply for a Hero two wheeler loan?
To get your Hero bike loan application with the selected lender, you would be required to submit your KYC documents, which include your identity proof and current address proof, a copy of your PAN Card, your bank statement and your income proofs (Form 16/Salary Slips/ITR). You can get the exact requirement from your loan consultant after applying with us.
What will be the minimum down payment for a Hero Bike/Scooter loan?
The lenders generally finance 90% of the ex-showroom price of the Hero two wheeler. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the Hero bike. Down payment is the difference between the on-road price of the Hero bike and the amount funded by the lender.
What will be the rate of interest on a Hero bike finance?
The interest rate primarily depends on the principal amount and tenure of the loan amount of the Hero two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.
Hero Bike News & Reviews
- Recent News
- Upcoming Bike Launches March 2024
February was a very eventful month,we got to see many launches and general updates on existing...
Mar 1, 2024 | By Govind
- Motorcycle Fork Explained: Standard Telescopic Fork
Generally used in all the 100-200cc commuters and even many 250-500cc performance bikes, the...
Feb 27, 2024 | By Team Bikedekho
- Hero Mavrick 440 Vs Harley Davidson X440: Image Comparison
Hero Mavrick 440 and Harley-Davidson X440 are both built on the same platform, which means they...
Feb 23, 2024 | By Sahil
- Hero Mavrick 440 Review: Likes and Dislikes
After having co-developed a 440 platform with Harley-Davidson, it is now Hero MotoCorp’s turn...
Feb 20, 2024 | By Nabeel Khan
- Weekly Bike News Wrap-up: Hero Mavrick 440 Launch, Bajaj Pulsar NS200 Teased, Kawasaki Versys X 300 Spied And More
It has been a pretty interesting week for the Indian two-wheeler industry with new launches, spy...
Feb 17, 2024 | By Sahil
Hero Bikes Further Research
Popular Hero Two Wheelers
- Bikes
- Scooters
- Hero Splendor PlusRs 75,141 - 77,986*
- Hero Xtreme 125RRs 95,000 - 99,500*
- Hero HF DeluxeRs 59,998 - 68,768*
- Hero Splendor Plus XTECRs 79,911*
- Hero XPulse 200 4VRs 1.46 - 1.53 Lakh*
- Hero Pleasure PlusRs 70,838 - 82,738*
- Hero Destini 125Rs 80,048 - 86,538*
- Hero Xoom 110Rs 71,484 - 79,967*
- Hero Destini PrimeRs 71,499*