Hero Bikes Loan / EMI Facility

2021-12-02 Views: 12012

Hero bike loan facility:
Our country's popular motorcycle brand Hero has its own bike installment facility following according to Islamic Shariath. Customers can buy Hero Bike of their choice from any part of Bangladesh through authorized Hero Showroom through “My Hero Install facility”. It is worth mentioning that currently Hero offers My Hero Installment facility with 3 specific models of their bikes.

My hero installment facility is discussed in detail below:
- This installment facility has a minimum down payment of TK 25,000.
- Handiness of installment payment at only 1.5% service charge
- Installment Payments are 1-6 months, 1-12 months, 1-18 months
- Registration and insurance fees are not included with installment down payment.

Necessary documents:
- Photocopy of National Identity Card / Passport.
- Photocopy of electricity bill or any utility bill (a copy of the latest bill is acceptable)
- Salary certificate or pay slip if employed
- Trade License in case of Traders (Updated Trade License is applicable for Dhaka City)
- Bank statement or bank solvency certificate (last 6-months bank statement applicable for Dhaka City) (MCIR check of any bank)
- Special Guarantor may be required for Thriller 160R bikes.

Documents required when purchasing a motorcycle
- 2 passport size photos
- MICR check (one check for every 3 installments, MCIR check equal to installment is applicable for Dhaka City only), NON-MCIR check is not acceptable.
- Stamp and assessment fee TK 890.
- National identity card of the nominee and 1 copy passport size photo.
- Special Guarantor may be required for Thriller 160R bikes.

The resources of payment in installments
- Bank Pay
- Mobile Banking

The 3 specific models of Hero bikes that have this facility-
• Hero Thriller 160R (160cc)
• Hero Glamor BS3 (125cc)
• Passion X Pro (110cc)
Requried Documents for The City Bank Bike Loan.