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Hero bikes Finance
Hero Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Hero Xtreme 250R | Rs. 6,552 |
| Hero Xtreme 160R 4V | Rs. 4,307 |
| Hero Splendor Plus | Rs. 2,704 |
| Hero Splendor Plus XTEC | Rs. 2,775 |
| Hero Glamour X 125 | Rs. 3,064 |
Hero bikes Finance Schemes
Hero Xtreme 160R 4V
Newly LaunchedRs.1,27,000* OnwardsEMI starts from Rs. 4,30748 kmpl163.24 cc16.9 PSHero Splendor Plus Flex Fuel
Rs.84,045* OnwardsEMI starts from Rs. 2,82797.2 cc8.56 PS8.3 Nm @ 6000 rpmHero Xtreme 160R 4V (2023 -2026)
Rs.1,34,695* OnwardsEMI starts from Rs. 4,61648 kmpl163.24 cc16.9 PS
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FAQs for Hero Finance
Q) How is Hero bike loan EMI calculated monthly?
A) 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.
Q) Which documents I need to have to apply for a Hero two wheeler loan?
A) 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.
Q) What will be the minimum down payment for a Hero Bike/Scooter loan?
A) 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.
Q) What will be the rate of interest on a Hero bike finance?
A) 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
Hero Bikes Further Research
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- EMI Calculator
- Hero Insurance
Popular Hero Two Wheelers
- Bikes
- Scooters
- Hero Splendor PlusRs 77,777* Onwards
- Hero Splendor Plus XTECRs 82,418* Onwards
- Hero Glamour X 125Rs 89,767* Onwards
- Hero HF DeluxeRs 59,477* Onwards
- Hero Xtreme 125RRs 91,500* Onwards
- Hero Pleasure PlusRs 69,766* Onwards
- Hero Destini 125Rs 80,138* Onwards
- Hero Xoom 125Rs 84,294* Onwards
- Hero Xoom 160Rs 1,44,998* Onwards
- Hero Xoom 110Rs 74,321* Onwards