Hero bikes Finance

Q: 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.

Q: 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.

Q: 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.

Q: 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.

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. 2,638
Hero Xtreme 125R	Rs. 3,030
Hero HF Deluxe	Rs. 2,124
Hero Splendor Plus XTEC	Rs. 2,776
Hero XPulse 200 4V	Rs. 5,042

Hero Splendor Plus
Rs.75,141 - 77,986^*
EMI starts from Rs. 2,638
80.6 kmpl97.2 cc8.02 PS
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Hero Xtreme 125R
Rs.95,000 - 99,500^*
EMI starts from Rs. 3,030
66 kmpl124.7 cc11.55 PS
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Hero HF Deluxe
Rs.59,998 - 68,768^*
EMI starts from Rs. 2,124
70 kmpl97.2 cc8.02 PS
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Hero Splendor Plus XTEC
Rs.79,911^*
EMI starts from Rs. 2,776
83.2 kmpl97.2 cc8.02 PS
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Hero XPulse 200 4V
Rs.1.46 - 1.53 Lakh^*
EMI starts from Rs. 5,042
51.59 kmpl199.6 cc19.17 PS at 8500 rpm
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Hero Super Splendor
Rs.80,848 - 88,328^*
EMI starts from Rs. 2,809
55 kmpl124.7 cc10.8 PS
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Hero Xtreme 160R
Rs.1.22 - 1.33 Lakh^*
EMI starts from Rs. 4,239
55.47 kmpl163 cc15.2 PS
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Hero Glamour
Rs.82,768 - 86,348^*
EMI starts from Rs. 2,876
55 kmpl125 cc10.53 PS
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Hero Passion XTEC
Rs.81,038 - 85,438^*
EMI starts from Rs. 2,724
56 kmpl113.2 cc9.15 PS
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Hero Pleasure Plus
Rs.70,838 - 82,738^*
EMI starts from Rs. 2,512
50 kmpl110.9 cc8.1 PS
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Hero Super Splendor XTEC
Rs.85,178 - 89,078^*
EMI starts from Rs. 2,963
68 kmpl124.7 cc10.84 PS
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Hero Karizma XMR
Rs.1.80 Lakh^*
EMI starts from Rs. 5,798
41.55 kmpl210 cc25.5 PS
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Hero Mavrick 440
Rs.1.99 - 2.24 Lakh^*
EMI starts from Rs. 6,446
440 cc27.36 PS36 Nm @ 4000 rpm
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Hero Glamour XTEC
Rs.87,748 - 92,348^*
EMI starts from Rs. 3,022
60 kmpl124.7 cc10.84 PS
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Hero Passion Plus
Rs.77,951^*
EMI starts from Rs. 2,738
70 kmpl97.2 cc8.02 PS
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Hero Xoom 110
Rs.70,984 - 79,967^*
EMI starts from Rs. 2,526
45 kmpl110.9 cc8.15 PS
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Hero Xtreme 160R 4V
Rs.1.27 - 1.37 Lakh^*
EMI starts from Rs. 4,283
48.28 kmpl163.2 cc16.9 PS
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Hero Destini 125
Rs.80,048 - 86,538^*
EMI starts from Rs. 2,689
50 kmpl124.6 cc9.10 PS
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Hero HF 100
Rs.59,018^*
EMI starts from Rs. 2,091
70 kmpl97.2 cc8.02 PS
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Hero Xtreme 200S 4V
Rs.1.41 Lakh^*
EMI starts from Rs. 4,881
40 kmpl199.6 cc19.1 PS
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Hero XPulse 200T 4V
Rs.1.40 Lakh^*
EMI starts from Rs. 4,837
40 kmpl199.6 cc19.1 PS
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Hero Destini Prime
Rs.71,499^*
EMI starts from Rs. 2,547
56 kmpl124.6 cc9.09 PS
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