The busy city of Two Wheeler in Kolkata to contend with busy traffic at almost all hours of the day. Getting from one place to another can be nerve wracking, especially with time limitations. To combat this stress cruising around on a two wheeler, be it a scooter or a motor-bike, can make life easier and reduce transport costs as well. There are many two wheeler finance companies in India today to facilitate these purchases. Hero FinCorp is one of the top-most finance companies offering affordable two wheeler in Kolkata for all Hero MotorCorp Two wheelers .
Features and Benefits of a two wheeler
Hypothecation – The scooter or motor bike purchased will be hypothecated to the lender until the final instalment is paid after which an NOC will be received by the borrower allowing removal of the lien from the vehicle’s registration papers.
amount – can be availed for amounts between Rs. 10,000/- to Rs. 1,00,000/-. The LTV Ratio can go as high as 95%, which means that the amount can be taken upto 95 % of the value of the two wheeler. Before applying for a the borrower should finalize on the make and model of the vehicle that they wish to purchase, and the Hero MotorCorp dealership that they want to purchase from, to enable them to choose the best finance option available.
Interest rates – The rates offered on two wheeler in Kolkata by Hero FinCorp are very competitive. This is based on the borrower’s income, credit score, category of vehicle, amount, duration of repayment, etc. All parameters are checked before offering the best possible rate to the borrower.
Tenure of the – The duration of the repayment can go up to 36 months. It should be noted the duration will affect the EMI amount, a longer duration will result in a lower EMI and vice versa.
Minimal documentation – To ensure smooth processing of the the documents required are nominal and hassle free and can be submitted through a variety of channels.
Who is eligible to apply?
The applicant should be a citizen of India and be over 18 years of age.
Both salaried and self-employed individuals can apply for a two-wheeler.
Salaried individuals should have been employed for at least one year with at least six months of experience with the current employer.
Self-Employed Individuals should be in their current business for at least one year.
There is no specified monthly income requirement.
To simplify the application process two wheeler finance lenders require a minimum of documentation Two Wheeler in Kolkata. The documents required by Hero FinCorp are –
For salaried individuals
- Mandatory Documents like a duly filled application form and Passport size coloured photograph.
- Any one identity proof like Driver’s Licence, Aadhaar card, etc.
- Residence Proof such as Driver’s Licence, Aadhaar Card, etc.
- Any one of Age Proof documents, Birth Certificate, Pan card etc.
- Income Proof namely Salary Slips (last six months), Bank Account Statement of last six months (salary account), Salary certificate and Form 16.
- Job Continuity Proof documents.
For Self-Employed Individuals
- In addition to the mandatory, income proof, age proof and residence proof documents required as mentioned above, the following additional documents would be required.
- Office Address Proof like Maintenance Bill or Utility Bills etc.
- Business Existence Proof.
- Income Proof like last six months bank statement and recent ITR.
There are two ways through which an application can be made for a two wheeler in Kolkata at Hero FinCorp.
Online – An application can be made on the lender’s website by entering all the borrower details and selecting the Hero MotoCorp Two-Wheeler dealership from where the purchase is to be made. Once all the terms and conditions are agreed to, the application can be submitted. When the details are received by the lender they get in touch with the applicant to take the process further.
Offline – Applications can be made in person at the nearest Hero MotoCorp Two-Wheeler dealership. Documents need to be submitted to the representative along with the filled in application form and the can be approved within 24 to 48 hours. Two Wheeler in Kolkata