Among the vast variety of smart and stylish bikes available in India, Hero bikes have consistently maintained a strong position in the markets. Besides their fine looks, what makes them highly preferable is the comfortable riding experience they offer. The brand has launched a bunch of basic to high-end models to meet the diverse requirements of the consumers, and each one of them has different set of features and specifications. However, purchasing a brand-new bike entirely with your savings is definitely not a wise decision to make as by doing so you are left with no money to meet the emergency needs.

To deal with such situations, HeroFincorp offers you a well-customized two-wheeler loan, and by using this loan, you can purchase any Hero bike on EMI and pay for the entire amount without experiencing any financial tension. In addition, this loan is available at a low interest rate and comes with a flexible repayment structure to make sure that you receive just the best deal. In fact, listed below are some other benefits of purchasing a bike on EMI that you must take a look at.

1. Provides financial support – Purchasing any vehicle solely through cash puts excessive pressure on your shoulders and creates an imbalance in your well-planned monthly budget. On the contrary, with a perfectly designed EMI structure, you never experience such issues as you can pay the entire price of the brand-new bike without restricting your monthly expenses and other financial requirements.

2. Assists in improving your CIBIL score – Bigger loans such as home and car loans demand a high CIBIL score as it is a clear indicator of your ability to timely make the repayment. With a two-wheeler loan, there are less chances of you making any fault in the EMI cycle and hence, it becomes easier to improve your low CIBIL score.

3. Approved quickly – Another advantage of purchasing a Hero bike on EMI is that the whole process from application to disbursal of funds is quick and efficient. In addition, since the entire process has now moved online, it has become completely convenient for you to get your bike financed, even without stepping out of your house.

Eligibility criteria for taking a bike on EMI through a two-wheeler loan

• According to most of the lenders, the minimum age of the applicant should be 18 years and the maximum age should be 65 years. 

• The applicant should either have his/her own business or should have a stable job with minimum two years of experience and a regular source of income.

• Applicant should possess all the necessary documents such as identity proof, residential proof and other KYC related documents.

To sum up, you can now bring home any smartly designed Hero bike that meets your budget, without offering all your savings in return. To get a Hero bike on EMI, you just have to apply for a two-wheeler loan and since the process is extremely simple, you do not have to wait for days to seek approval for the loan. Moreover, its availability at a low interest rate as well as its favourable repayment terms make this option even more preferable.

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