Get finance for the Hero two-wheeler with a loan by paying minimal upfront.
Hero is a leading Indian two-wheeler manufacturer known for its durable and reliable motorcycles. The brand holds a strong presence in the 100-125cc segment, offering fuel-efficient and affordable options. A two-wheeler loan makes it easier to purchase your preferred Hero motorcycle with convenient EMIs.
On Bajaj Markets, you can explore top Hero bikes and choose the one that fits your needs and budget. With flexible EMI plans, you can get financing for a Hero two-wheeler without straining your budget.
In the following table, check out the popular Hero bike prices, minimum down payments, and how to do a Hero bike loan check online:
Hero Model |
Maximum Retail Price (On-road price) |
EMI Amount |
Minimum Down Payment |
Hero HF Deluxe Drum Brake Kick Start |
₹78,320 |
Starting from ₹1,306/month |
₹23,496 |
Hero Passion Plus Standard |
₹89,490 |
Starting from ₹1,492/month |
₹28,459 |
Hero Splendor Plus XTEC |
₹101,438 |
Starting from ₹1,486/month |
₹30,611 |
Hero New Glamour Drum |
₹105,575 |
Starting from ₹1,760/month |
₹31,673 |
Hero Xtreme 125R ABS |
₹101,438 |
Starting from ₹1,486/month |
₹39,781 |
Disclaimer: The details provided are based on current expectations and may be subject to change. For the most accurate and up-to-date information, refer to official manufacturer announcements or trusted automotive sources.
Here is a detailed look at the popular Hero bikes, highlighting their key specifications and features:
This bike is an excellent choice in the mid-range price segment, offering low maintenance and reliable performance. It provides a comfortable riding experience, good mileage, and a sturdy engine. The well-padded seat ensures added comfort, making long rides more enjoyable.
It also comes equipped with features that enhance convenience and safety, delivering value for every penny spent. Some of its top features include:
Type: Air-cooled, 4-Stroke Single Cylinder OHC
Displacement: 97.2 cc
Max Power: 6.15 kW (8.36 Ps) @ 8000 RPM
Max Torque: 0.82 Kgfm (8.05 Nm) @ 5000 RPM
Compression Ratio: 9.9:1
The bike stands out with its sporty design, sharp lines, and sleek LED headlight. Its engine delivers smooth power, making it ideal for city rides and short highway trips. The 5-speed gearbox ensures quick acceleration, while its nimble handling allows easy navigation through traffic.
Other features include advanced braking for enhanced safety, a digital instrument cluster for clear information, and a fuel-efficient engine to keep running costs low:
Mileage: 66 kmpl
Displacement: 124.7 cc
Engine Type: Air Cooled 4 Stroke
Max Power: 11.55 PS @ 8250 rpm
Max Torque: 10.5 Nm @ 6500 rpm
Fuel Capacity: 10 L
The bike is easy to ride and requires minimal maintenance, ensuring long-term reliability. Its comfortable seating posture provides a smooth and enjoyable journey. The design focuses on delivering a pleasurable riding experience.
Equipped with a dependable braking system and simple handling, it stands out as a convenient option for riders of all types. Some of its top features include:
Engine: 97.2 cc
Power: 8.02 PS
Torque: 8.05 Nm
Mileage: 70 kmpl
Kerb Weight: 115 kg
The Hero HF Deluxe is a good option for budget-conscious riders. If you are seeking a practical, reliable, and fuel-efficient commuter bike, this will be perfect for you. This bike is known for its affordability and ease of maintenance. Some prominent features of the bike are:
Engine: 97.2 cc
Power: 8.02 PS
Torque: 8.05 Nm
Mileage: 70 kmpl
Kerb Weight: 110 kg
The Hero Glamour is a good option for a commuter bike. It offers a blend of style, performance, and efficiency, along with features like a digital instrument cluster and fuel-efficient technology. Its top features are:
Engine: 125 cc
Power: 10.53 PS
Torque: 10.4 Nm
Mileage: 63 kmpl
Owning a Hero bike is now more convenient with flexible loan options. Choose from top lenders offering low interest rates, minimal processing fees, and easy repayment plans on Bajaj Markets.
This platform offers financing for up to the full value of your bike, with bike loan interest rates starting as low as 0.99% per annum. In addition to that, you enjoy the benefit of no down payment required. Compare and choose the best loan to ride your dream Hero bike home!
Several leading financial institutions in India provide two-wheeler loans for Hero bikes at competitive interest rates. Below are some of the top lenders and their respective interest rates:
Lending Partner |
Minimum Interest Rate |
Maximum Loan Tenure |
Maximum Loan Amount |
Bajaj Auto Credit Limited |
6.65% p.a. |
60 months |
Up to 98% of the bike's value |
L&T Finance |
6.99% p.a. |
48 months |
Up to 100% of the bike's value |
Muthoot Capital Services |
0.99% p.a. |
48 months |
₹3 Lakhs |
Disclaimer: The above-mentioned interest rates are subject to change as per changes in the lenders’ policies.
Get your Hero bike loan details, including the monthly payable amount, with Bajaj Markets’s EMI calculator. By providing a few essential details, you can quickly view the results and make informed decisions about your finances. This allows you to select the tenure that aligns best with your financial plans.
If you want to calculate it manually, use the EMI calculation formula for a two-wheeler loan.
The formula is
P x R x (1+R) ^N / [(1+R) ^N-1]
Where:
P = Loan principal amount
R = Monthly interest rate (Annual interest rate ÷ 12 )
N = Loan tenure in months
Your EMI stays the same throughout the loan period.
Suppose
Bike Price (P) = ₹1,00,000
Annual Interest Rate = 13.35%
Loan Tenure (N) = 60 months
Then
Convert Interest Rate: R = 13.35 / 100 / 12 = 0.011125
EMI based on the formula = 100000 \times 0.011125 \times (1.011125)^{60} / ((1.011125)^{60} -1)
After calculation, the monthly EMI will be approximately ₹2,293.
Owning a two-wheeler is now more accessible and comes with several key benefits that simplify the buying process:
Financial institutions use digital and biometric verification, requiring only KYC documents to complete the application.
Loan approvals and disbursements take only a few hours, ensuring you receive your bike promptly.
Loan tenures range from 12 to 72 months, making EMIs more manageable.
Lenders offer affordable rates, reducing EMI costs. It is important to review other charges and compare lenders to secure the best deal.
Lenders cover up to 100% of the bike’s cost, requiring a minimal down payment.
Timely EMI payments enhance credit scores, improving future loan eligibility.
Lenders follow different eligibility criteria, but you will usually need:
Indian Citizenship
Customer profile (salaried, self-employed, pensioner, student, housewife, farmer, etc.)
The age range to be 18 years to 70 years
CIBIL score of 600 or above
You will also need some documents like:
Identity Proof: Voter ID, Passport, PAN card, Driving Licence
Income Proof: IT returns, bank statements, salary slips, Audited Financial Statements
Apply for a Hero Bike Loan easily through Bajaj Markets with the following steps:
Click on ‘CHECK OFFER’
Enter your mobile number and pin code and select ‘Two Wheeler’ under ‘Loan for’
Accept the terms and conditions, then click ‘Proceed’
Pick a suitable loan offer and complete the verification
Once approved, you’ll receive the sanction letter
Interest rates vary across lenders and depend on the loan amount. Higher loan amounts may attract higher interest rates. Typically, the rates range from 0.99% to 30% per annum.
Yes, with Bajaj Markets, you can access this offer. Many lenders cover up to 100% of the Hero bike’s on-road price.
A minimum CIBIL score of 600 is required to apply and be eligible for the loan. The score helps determine your creditworthiness.
The loan processing time varies depending on the lender you choose, but it typically takes around 3 to 4 business days.
Yes, prepayment is possible if the lender permits it. Many lenders allow you to prepay the loan after a specific period, helping reduce the principal amount, EMIs, and interest.