Hero Bikes Finance

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:

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

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:

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.

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