Hero Electric bikes Finance

Are you interested in buying a new Hero Electric bikes and not able to find right deal? Not sure if you are being charged the right interest rate for your Hero Electric two wheeler loan? Check out the BikeDekho EMI calculator to find the best Hero Electric 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 Electric Two Wheeler Loan EMI

MODELEMI (36 MONTHS)
Hero Electric OptimaRs. 1,885
Hero Electric PhotonRs. 2,460
Hero Electric FlashRs. 1,834
Hero Electric NYXRs. 2,354
Hero Electric EddyRs. 2,173

Read More

Hero Electric bikes Finance Schemes

*Ex-showroom price Delhi

FAQs for Hero Electric Finance

How is Hero Electric bike loan EMI calculated monthly?

Hero Electric 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 Electric two wheeler loan?

To get your Hero Electric 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 Electric Bike/Scooter loan?

The lenders generally finance 90% of the ex-showroom price of the Hero Electric 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 Electric bike. Down payment is the difference between the on-road price of the Hero Electric bike and the amount funded by the lender.

What will be the rate of interest on a Hero Electric bike finance?

The interest rate primarily depends on the principal amount and tenure of the loan amount of the Hero Electric two wheeler. Interest rate of lenders generally varies from 9.7% per annum to 15% per annum.

Hero Electric Bike News & Reviews

  • Recent News

Hero Electric Bikes Further Research

Popular Hero Electric Two Wheelers

*Ex-showroom price in Delhi
×
We need your city to customize your experience