✓ Interest Rates Starting @ 0.99% p.a. ✓ Up to 100% Financing ✓ Repayment Tenure of up to 5 Years Check Offer

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.

Popular Hero Bike Prices and Minimum Down Payment

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.

Popular Hero Bike Features and Specifications

Here is a detailed look at the popular Hero bikes, highlighting their key specifications and features:

Hero Splendor Plus XTEC

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

Hero Xtreme 125R ABS

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

Hero Passion Plus Standard

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

Hero HF Deluxe Drum Brake Kick Start

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

Hero New Glamour Drum

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

  • Kerb Weight: 121 kg

Get the Best Two-Wheeler Loan for Your Hero Bike

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!

Latest Interest Rates of Lending Partners for Hero Two-Wheeler Finance

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.

Hero Two-Wheeler Loan EMI Calculator

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. 

EMI Calculation Example

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.

Features and Benefits of Finance for Your Hero Bike

Owning a two-wheeler is now more accessible and comes with several key benefits that simplify the buying process:

Minimal Documentation

Financial institutions use digital and biometric verification, requiring only KYC documents to complete the application.

Quick Processing and Disbursement

Loan approvals and disbursements take only a few hours, ensuring you receive your bike promptly.

Flexible Repayment Options

Loan tenures range from 12 to 72 months, making EMIs more manageable.

Competitive Interest Rates

Lenders offer affordable rates, reducing EMI costs. It is important to review other charges and compare lenders to secure the best deal.

High Loan-to-Value (LTV)

Lenders cover up to 100% of the bike’s cost, requiring a minimal down payment.

Credit Score Boost

Timely EMI payments enhance credit scores, improving future loan eligibility.

Eligibility and Documents Required for Hero Two-Wheeler Loan

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

  • Address Proof: Utility bills, passport, or any other government-issued document

How to Apply for a Hero Bike Loan

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

two wheeler loan

Frequently Asked Questions

What is the interest rate for a Hero bike finance?

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.

Can I get 100% financing on a Hero bike's price?

Yes, with Bajaj Markets, you can access this offer. Many lenders cover up to 100% of the Hero bike’s on-road price.

What is the minimum CIBIL score required for a Hero bike loan?

A minimum CIBIL score of 600 is required to apply and be eligible for the loan. The score helps determine your creditworthiness.

How long does it take to get a Hero two-wheeler loan approved?

The loan processing time varies depending on the lender you choose, but it typically takes around 3 to 4 business days.

Can I prepay my Hero bike loan?

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.

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