Hero Fincorp Two-Wheeler Loan

A Hero FinCorp Two-wheeler Loan makes buying a bike simple and affordable. You can borrow up to ₹3.5 Lakhs and choose repayment tenures up to 60 months, which keeps monthly instalments manageable for most budgets. The lender also offers a high loan-to-value (LTV) ratio of 95%, so eligible borrowers don’t have to pay a substantial down-payment. You can easily use the EMI Calculator to check monthly costs and tailor the tenure to your budget.

Hero FinCorp’s Bike Loan EMI calculator helps you estimate monthly instalments before you apply. Once you enter three values, it will instantly show you the EMI, total interest, and the total amount you will have to pay. 

Here are the steps to use the calculator easily: 

1. Enter the loan amount you plan to borrow.

2. Input the annual interest rate you expect (for example, the starting rate or the rate offered to you).

3. Choose the repayment tenure in months or years.

4. Click to calculate — the tool returns EMI, total interest and total amount payable. 

In this way, you can use the EMI calculator to test your monthly payouts for different tenures.

EMI Formula

Below is the breakdown of the formula that the calculator uses to compute your EMI (standard reducing-balance method): 

EMI = P × r × (1 + r)^N ÷ ((1 + r)^N − 1) 

Where: 

• P = principal loan amount 

• r = monthly interest rate (annual rate ÷ 12) 

• N = total number of monthly instalments

Example 

Suppose you want to apply for a bike loan from Hero FinCorp of ₹1 Lakh at 15% interest p.a. for 36 months. 

So, the monthly rate (r) = 15% ÷ 12 = 1.25% = 0.0125. 

Using the above formula the calculator will provide the following values: 

• EMI ≈ ₹3,467 

• Total interest ≈ ₹24,795

• Total amount payable ≈ ₹1,24,795

Remember that a longer tenure lowers your EMIs but simultaneously increases the total interest. Adjust the inputs until the monthly payments fit your budget.

Applying is simple and designed to be quick. You can start online, in a dealership, or via the mobile app. Choose the route that suits you best.

Online Method

1. Visit Hero FinCorp’s website and go to the two-wheeler loan page. 

2. Click on ‘Apply Now’ to start the online loan application process. 

3. Fill in your basic details like name, mobile number, loan amount and preferred tenure. 

4. Provide your income and employment details as asked. 

5. Upload the scanned KYC and income documents. 

6. Submit and wait for a decision; usually, applicants get instant feedback. 

At a Dealership or Branch

1. Ask the vehicle dealer to initiate the loan application on your behalf. 

2. You can also visit a physical branch of Hero FinCorp and confer with a representative. 

3. Mention your required loan details and tenure, and check your eligibility. 

4. Provide the documents and complete KYC checks as required. 

5. Once the lender approves the loan, it will be sanctioned and disbursal to the dealer will be arranged promptly. 

Typical processing time can be quick, and many loan applications are processed within 24–48 hours after document verification. Always review the loan offer carefully before you sign.

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