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2021

Know How to Own a Bike on Zero Down Payment

If you are looking to buy a bike but making down payment seems tad weighed on your pocket, looking out for alternative financing is an option today. Here, you would be able to understand how you can ensure purchase of your desired bike on zero down payment. But first, let’s discuss why you are even considering opting out of down payments.

There may be many reasons for that. First being the need for smart expenditure of hard-earned money. Moreover, if you have the option to get a bike without any down payment, then why even bother considering it?

In this article, we will discuss in detail about the mandatory documents, monthly EMIs and other essential details involved in getting your dream bike without the necessity to pay any upfront charges.

What is Down payment?

In most circumstances, when individuals apply for a loan for making high-value ownership like a car or a bike, they are required to pay anywhere between 5% and 20% of the purchase value upfront. This upfront paid amount is called the down payment. The lender covers up for the rest 80% to 95% of the value as a loan.

What are the Benefits of Getting a Bike with 100% Finance?

Here are some top reasons why you... More

by Hero FinCorp on 2021-09-27 06:12:24

Know All About Commercial Loan Interest Rates

Commercial loans are secured or unsecured loans provided to enterprises at a reasonable interest rate. These loans can be used for a variety of business purposes, from purchasing inventory to expanding operations and installing new factories and equipment. Commercial loan interest rates usually vary depending on the type of loan you are applying for and also on your CIBIL. The interest rate of a commercial loan also depends on whether the lender provides a fixed interest rate or a floating interest rate; for fixed interest, the borrower must pay the same interest throughout the entire term. Floating interest rates change with market fluctuations.

What is a commercial loan?

Commercial loans are usually used to purchase long-term assets or to finance ongoing business expenses, regulatory barriers, business related costs, etc. Commercial loans can ultimately be used for any business purpose: purchase assets, purchase materials, pay daily operating costs, pay wages, etc. loan.

Commercial loan interest rates: How to apply?

The process of obtaining a commercial loan varies from one lender to another. The general procedure for obtaining this type of loan is as... More

by Hero FinCorp on 2021-08-13 01:24:59

Everything You Need To Know About Personal Loan Providers

Nowadays, more and more people apply for personal loans to cover higher expenses. One of the reasons personal loans are so popular is that they are unsecured loans that do not require collateral. And the processing time is fast. You can obtain a personal loan from any bank or non-bank financial company of your choice.

Why Opt For Loan From Personal Loan Providers?

Personal loans are unsecured loans issued by financial institutions based on your profile, solvency, income level, occupation, and reputation.

• Compared with other types of loans, for example, housing loans or gold loans that requires you to provide multiple documents, personal loans require minimal paperwork, and the approval process is fast.
• Various financial institutions provide personal loans online, and the whole procedure is easy and fast.
• Another essential feature of the personal loan is that the lender gives you the flexibility to choose the term of the loan.

• Generally, the term of a personal loan is between one and five years, so that you can choose the duration of the loan according to your solvency. Get a shorter loan so you can save interest and repay the amount faster.

The maximum amount... More

by Hero FinCorp on 2021-07-19 01:46:57

What if a student applies for a two-wheeler loan in New Delhi?

Two-wheelers in India are incredibly on-demand, not only among adults or office goers but also among the student demographics. Shockingly, the count of the popularity of two-wheelers among pupils is comparing high to mediocre adults, especially in Delhi. But, due to a lack of sufficient funds, mostly youngsters fail to purchase a two-wheeler of their dream. Hence, to make their purchase easy and available plus affordable, several banks and NBFCs now offer a specialized two-wheeler loan in New Delhi for them.

What's more interesting in this plot? A few financial institutions also provide the loan at astonishingly competing interest rates for two-wheelers. So, if you wish to avail yourself of a two-wheeler to fulfill your dream in finance, here are some striking points that you won't want to miss out on to get the two-wheeler loan for you.

Eligibility

• The applicant should be a student to apply for the loan.
• The minimum age of the applicant should be 18years (at least).
• The applicant should have permanent residential proof during the time of loan application.

Apart from the student, the co-borrower is also obliged to match the following conditions to get approved... More

by Hero FinCorp on 2021-07-13 05:21:49

Two Wheeler Loans in Hyderabad – Things to Check for the Best Funding Option

Hyderabad is home to one of the major economic hubs of India, with companies from several top-performing sectors situated in the capital city. In recent times, Hyderabad has also seen a rise in traffic, leading to an increasing need for convenient commuting options like two wheelers. The increase in demand for financing options like two wheeler loans in Hyderabad has been a consequential change.

Today, several top financial institutions are up for providing suitable financing options for two-wheeler purchase in the city. It also brings a disparity in features and benefits offered by lenders, which one must take care of to secure the most favourable terms of the loan. Below given are the top features and benefits you must take care of to secure the best bike loan in Hyderabad.

What Should You Look for to Avail the Best Two Wheeler Loan in Hyderabad?

a.High Loan to Value (LTV)

LTV for any secured loan represents the maximum loan value available as a percentage of the collateral’s current market value. A suitable availability of the loan amount largely depends on the LTV provided by a lender. Some of the reputed financial institutions provide two wheeler... More

by Hero FinCorp on 2021-06-23 06:03:10

Types of Small Business Loans for Women to Look Out for Under Venture Financing

After the start-up ecosystem in India was propelled and backed by the Government, the country has witnessed a remarkable rise in women entrepreneurs. Female entrepreneurship can today be found in all industry segments and scale of operations, which also indicates the requirement for increased business finance among females.

Thanks to the availability of various types of small business loans for women, financing for females is not much of a challenge as earlier. We bring you some of the top financing options that you can go for when seeking small-scale funding for your business. Take a look.

Business Loan Options for Female Entrepreneurs

1. Commercial business loan

The need for instant business funding can be easily fulfilled by opting for a commercial small business loan for women. These are traditional term loan options that come with minimum eligibility and document requirements.

Financing under these loan options is substantial and comes with favourable terms that enable easy repayment of the advance at affordable rates. These are usually unsecured advances, thus eliminating the need for collateralising any asset as security to procure funding. Women running... More

by Hero FinCorp on 2021-06-14 04:28:52

Here is Why You Should Use a Two-Wheeler Emi Calculator While Taking The Loan

Two-wheelers play a significant role in your everyday life. As it is through a bike or a scooter that your daily requirement of travelling from one crowded town to another gets absolutely eased up. However, when it comes to purchasing a brand-new two-wheeler, saving up and making compromises to reduce expenses can put you under unnecessary financial stress. Instead, you can equip yourself with a well-customized two-wheeler loan. With two-wheeler finance, you can bring home your dream bike or scooter, without experiencing any extra burden on your monthly expenditure plan.

While scouting the markets, you may come across many of the lending institutions that are offering these loans at alluring rates of interest and with flexible terms and conditions to make it easier for the borrower to repay the entire loan amount. But before signing the agreement papers, it is extremely important for you to use the two wheeler Emi calculator. This calculator helps you to find and fix that Emi amount which you can comfortably pay, without making any default in the payment cycle.

How does a two-wheeler calculator function?

To understand how the calculator works, here are some... More

by Hero FinCorp on 2021-05-20 08:54:27

Machinery Loan – A Convenient Funding Option for Your Business’s Equipment Financing Needs

Equipment financing is an inevitable capital inclusion you need to make whether you are up for starting a new business or in the stage of expansion. Not to mention, top-of-the-line machinery installation can be a game changer for the business, giving it the much needed edge in market competition, inviting growth. It is, however, also followed by heavy capital investment for updated machinery establishment, and businesses often need additional funds to scale up their quality, efficiency, and capacity with new machinery installation.

It thus brings to the fore the need and utility of one of the most convenient external financing options, i.e., a machinery loan. Here’s an elaboration on aspects you need to know about the loan for suitable equipment financing.

Machinery Loan – Its Meaning and Working

A machinery loan is a secured funding option that allows you to avail fund against the a business asset provided as collateral. Some of the best financial institutions provide a high LTV of up to 75% for machinery financing, which indicates that you can avail as much as 75% of the asset’s market value as loan.

The financing allows businesses to purchase new... More

by Hero FinCorp on 2021-05-06 04:19:24

Meet the simple Unsecured Business Loan eligibility to Quickly Seek Approval for Unsecured Loans

Earlier, it was quite challenging for the businesses, especially small and medium-sized to avail a loan in India. But today, the market trends have dramatically changed as now every business owner can tremendously benefit from the option of unsecured business loans. The major reason for the rising popularity of such loans is that they are offered without the need of mortgaging any asset. In addition, the uncomplicated unsecured business loan eligibility criteria and customer-friendly policies further ensure to align with the diverse requirements of the borrowers. Whether it is for the working capital or procurement of raw materials, the money raised through such loans can be used for countless number of business needs. However, since these loans are risky from the lender’s perspective, they are offered at a slightly higher rate of interest in comparison to what you get in secured forms of lending.

Do you meet the eligibility criteria for unsecured loans?

Although the eligibility criteria may differ from one lender to another, here are some common factors that you need to check in order to assess whether or not you are eligible for taking these loans.

• The... More

by Hero FinCorp on 2021-04-30 04:44:34

Wish to Take a Loan Against Used Car? Here is a Well-Curated Guide to Help You

Today, numerous financial institutions provide well-customised loan options to address all your money-based concerns. Among these incredible solutions, loan against used car has definitely gained immense popularity to quickly arrange funds for your personal as well as business needs. Just as its name suggests, a loan against car allows you to pledge your car to raise the required amount of funds.

Whether you require funds for your daughter’s wedding, home renovation or for arranging the working capital and more, with this loan you can avail up to 150% of the original value of the car as the loan amount for a tenure period of 12 months to 84 months. In addition, if you are a privileged customer of any lender, then chances are that you may not only receive special discounts, but you may also enjoy quick, hassle-free, and minimal documentation.

Are you eligible for loan against car?

• For many unforeseen situations and medical emergencies, loan against car can be just the right choice for you. In order to obtain a low-interest rate loan against your car, you must have a good credit score of 650 or above and a regular source of income.

• In addition, the... More

by Hero FinCorp on 2021-02-24 07:37:22