Hero Bikes Price Comparison, Loan Eligibility, and Documentation Requirements

Hero, a renowned name in the Indian two-wheeler industry, offers a diverse range of motorcycles catering to various market segments. Understanding Hero bikes price list is crucial for making an informed purchasing decision. In this article, we will meticulously compare the price list of Hero bikes across different segments and delve into two-wheeler loan eligibility along with its associated documentation requirements.

Hero Bikes Price List Across Segments 

Hero MotoCorp presents an extensive lineup of hero bikes price list across different segments: 

1. Commuter Segment:

Hero HF 100: Starting at Rs. 59.02 K.

Hero Splendor Plus: Priced at Rs. 75.14 K.

Hero HF Deluxe: Priced at Rs. 60.00 K.

Hero Splendor Plus Xtec: Priced at Rs. 79.91 K.

Hero Super Splendor: Starting at Rs. 80.85 K.

Passion Plus 2023: Starting at Rs. 77.95 K. 

2. Adventure-Tourer Segment:

Hero Xpulse 200 BS6: Starting at Rs. 1.27 Lakh.

Hero Xpulse 200 4V: Starting at Rs. 1.41 Lakh.

XPulse 200T: Starting at Rs. 1.40 Lakh. 

3. Sports-Naked Segment:

Hero Xtreme 160R BS6: Starting at Rs. 1.22 Lakh.

Hero Xtreme 160R 4V: Starting at Rs. 1.27 Lakh. 

4. Sports Segment:

Hero Glamour: Starting at Rs. 80.64 K.

Hero Super Splendor Xtec: Starting at Rs. 85.18 K.

Hero Glamour Xtec: Starting at Rs. 87.75 K.

Karizma XMR: Starting at Rs. 1.80 Lakh.

Passion XTec: Starting at Rs. 81.04 K.

Xtreme 200S 4V: Starting at Rs. 1.41 Lakh.

*These are not final prices. Depending on city, variant, and other factors, it may differ.

Two-Wheeler Loan Eligibility 

To finance the purchase of a Hero bike, consider a two-wheeler loan. Here’s a comprehensive look at the eligibility criteria for such loans:

1. Age: The minimum age of the applicant should be 18 years.

2. Income: Lenders assess your income to gauge your ability to repay the loan. Usually, there is a minimum monthly income requirement.

3. Employment: Stable employment, whether salaried or self-employed, is pivotal. Lenders may require a minimum employment period.

4. Credit Score: A positive credit score is advantageous. A score exceeding 750 is generally deemed favourable.

5. Residential Proof: You must provide evidence of your current address, which may include a utility bill, rental agreement, or Aadhar card.

6. Identity Proof: A government-issued ID like an Aadhar card, passport, or driver’s license is mandatory.

Documents Required for Two-Wheeler Loans 

When applying for a two-wheeler loan, meticulous documentation is essential to substantiate your application:

1. Application Form: A duly completed and signed loan application form.

2. Identity Proof: Copies of your identity documents, such as an Aadhar card, passport, or driver’s license.

3. Address Proof: Copies of your residential proof, including a utility bill or rental agreement.

4. Income Proof: Salaried individuals should provide salary slips and bank statements, while self-employed individuals need to furnish income tax returns and bank statements.

5. Photographs: Passport-sized photographs to facilitate the documentation process.

6. Employment Proof: An employment verification letter or business proof is essential for self-employed individuals.

7. Bank Statements: Bank statements covering the last six months are necessary to establish your financial stability.

8. Vehicle Documents: A copy of the vehicle’s invoice and insurance details may be required by the lender.

Comparing Hero Bike Prices

To make an informed decision, let’s juxtapose the prices of the top 5 Hero bikes:

1. Hero Splendor Plus: Priced at Rs. 75.14 K, offering a mileage of 80.6 kmpl.

2. Hero HF Deluxe: Priced at Rs. 60.00 K, with a mileage of 70 kmpl.

3. Hero Splendor Plus Xtec: Priced at Rs. 79.91 K, providing a mileage of 83.2 kmpl.

4. Hero Glamour: Starting at Rs. 80.64 K, offering a mileage of 55 kmpl.

5. Hero Super Splendor: Starting at Rs. 80.85 K, with a mileage of 57 kmpl.

Hero MotoCorp is a formidable choice for motorcycle enthusiasts, with an array of motorcycles tailored to meet the varied demands of different market segments. Whether you seek an economical commuter or a stylish sports bike, Hero has a model to suit your preferences. Furthermore, comprehending two-wheeler loan eligibility and assembling the requisite documents is pivotal for a seamless purchasing experience. Armed with the knowledge from this article, you can confidently navigate the process of acquiring a Hero bike that aligns with your budget and preferences.