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Hero bikes Finance
Hero Two Wheeler Loan EMI
| MODEL | EMI (36 MONTHS) |
|---|---|
| Hero Splendor Plus | Rs. 2,649 |
| Hero Xtreme 125R | Rs. 3,204 |
| Hero HF Deluxe | Rs. 2,065 |
| Hero Splendor Plus XTEC | Rs. 2,753 |
| Hero Xtreme 250R | Rs. 5,628 |
Hero bikes Finance Schemes
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
Popular Hero Two Wheelers
- Bikes
- Scooters
Hero Splendor PlusRs 77,176 - 80,176*- Hero Xtreme 125RRs 96,425 - 1.02 Lakh*
- Hero HF DeluxeRs 59,998 - 69,518*
- Hero Splendor Plus XTECRs 81,001 - 86,051*
- Hero Xtreme 250RRs 1.80 Lakh*
- Hero Destini 125Rs 80,450 - 91,700*
- Hero Xoom 110Rs 72,284 - 84,017*
- Hero Xoom 125Rs 86,900 - 92,900*
- Hero Pleasure PlusRs 71,763 - 83,813*
- Hero Xoom 160Rs 1.49 Lakh*