Larsen and Toubro (L&T) Finance is a wholly owned subsidiary of L&T Finance Holdings Limited. It was incorporated in 1994 as a Non-Banking Finance Company. One of the leading financial institutions in the country, L&T provides a wide range of innovative financial products and services, apart from financial solutions, to its customers which include trade, industry and agricultural sector. L&T Finance has steadily evolved as one of the leading financial institutions in the country and has been earning huge profits, as well.
Two Wheeler Loan from L&T Finance:
L&T Finance offers two wheeler loans especially tailor-made to suit your needs and provides financial assistance for you to buy a two wheeler, at affordable interest rates. Given the chaotic traffic conditions and rickety Indian roads, choosing to buy a two wheeler for your daily commute is a really smart choice. It is easy to maintain and use, affordable and time effective.
L&T Two Wheeler Loan Features and Benefits:
The loan needs to be taken for purchase of a two wheeler.
Easy documentation and quick disbursal of loan.
Flexible and attractive EMI options.
Up to 85% of on road price of the two wheeler can be financed.
Elite customers enjoy fast track processing.
Loan approval can be made in 6 hours. This is subject to certain conditions.
Facility of online application of the loan is available.
Transparent rates and no hidden charges.
Insurance cover is also offered at affordable rates.
Schemes loaded with innovative features to suit your needs.
L&T Finance Bike Loan Eligibility:
The applicant needs to have a stable source of income.
The applicant needs to have stability of residence. He needs to furnish the company with proof for the same.
The applicant needs to have stability of employment.
Documentation for L&T Finance Two Wheeler Loan:
Passport size photograph of the applicant.
Proof of income of the applicant - salary slips, Form 16, bank statement, etc.
Valid ID proof issued by the government - PAN card, Driving License, passport, voter's identity card, etc.
Proof of residence/Address proof - telephone bill, electricity bill, ration card, passport, etc.
L&T Bike Loan Frequently Asked Questions (FAQs)
Am I allowed to sell my two wheeler before repaying the loan for the same?
No, unless you have repaid the loan, you can't sell you vehicle. A NOC is required (from the financer) for you to sell your two wheeler.
I want to avail a two wheeler loan from L&T, but I am an existing Family Credit Customer with the company?
Yes, depending on your record of previous loan repayment, you can avail a two wheeler ‘loyalty' loan from the company.
If I happen to make an excess payment, will I receive a refund of that amount through cheque?
Please inform the L&T branch immediately, if you have made an excess payment, and that amount shall be duly refunded or adjusted once the claim has been verified within the stipulated time.
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I have taken Two Wheeler loan directly through L and T Finance Limited .The name of the vehicle is Honda Shine and the rate of interest and the processing fee was nominal ,The loan amount got on time . I am paying the premium on EMI basis only ,This loan is still alive .I am really satisfied with the service .
I have purchased the new bike from L & T Finance because of the less interest rate, i have chosen them. The documentation process was nice. They have offered me a rate of interest of 9.2% and i have been paying the EMI amount of Rs. 4166 for this two wheeler loan.
From L & T, i have purchased the two wheeler loan. Actually, in the showroom where i bought the bike, they have eligibility for this loan. I made a down payment of Rs. 50000. I got the loan amount of Rs. 50000 and they have processed the loan immediately. I have paid the EMI amount of Rs. 3600 for the duration of 16 months.
I have taken a two wheeler loan with L&T FINANCE LIMITED for more than one year before. Through showroom I got an offer for this loan. The amount given for 85K for the tenure period of 3 years. EMI payment of 3684 rupees, its bit high. The rate of interest was 11.9%. The bike model is HONDA Unicorn.
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2
SUBRAMANIYAN
, coimbatore
Reviewed on Oct 30, 2019
Interest rates are very good but processing fee is high and they are charging Rs. 14000 for the insurance policy and its not beneficial for me. There is no customer care support in Bajaj Finserv. I got the loan amount of Rs. 2.5 lakhs and the service is not good because they don't give any statement regarding the balance amount.
I have taken a two wheeler loan with L&T FINANCE LIMITED on 4 years before which was processed through showroom. The amount given for 60 thousands for the tenure period of 2 years. Rate of interest was high. The processing fee was high and need to open an account to detect amount for fee. EMI was okay. The bike model was Honda duo.
They have approved the loan instant and disbursed immediately with the less documentation. They have not even done a telephonic verification also. The processing charges are less. My two wheeler loan was taken from L & T because of the fast approval.
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1
LAGUMADDEDALLI
, bangalore
Reviewed on Oct 08, 2019
When i purchased the two wheeler from Bajaj, they have provided the loan from L&T Finance. I bought the loan amount of Rs. 87000 and i made the down payment of Rs. 36000. I am paying the EMI of Rs. 2194. They have sanctioned the loan immediately.
My showroom dealer have suggested two wheeler loan from L & T Finance, they sanctioned the amount of 24 months. The actual on road price of the bike was Rs.74,000 but overall its coming around Rs.90,000, I need to pay around Rs.20,000 extra for 24 months. The process was also very faster to avail the loan.
Through my bike showroom I got an offer from L&T finance, I availed Rs. 70,000 for the duration of three years, the interest is huge around 10.5% per annum. The process was easy to get this loan, after completing the process within 2 days the bike got delivered..
I have taken two wheeler loan in L&T FINANCE LIMITED on one year before which was processed through a showroom. The process was smooth and they have sanctioned the loan on same day with sufficient for the tenure period of 2.5 years. The rate of interest and fee are average. For an EMI purposes detecting amount from salary account.
I done foreclosure in month of Jan 2019, I availed L & T finance Rs. 22,000, 24 months of emi. I done foreclosure there is no processing fee, I went to the branch and I paid remaining out standing so they gave me NOC. I purchased hero honda passion pro through L & T. They ready to sanction of Rs. 50,000 but I took only Rs. 25,000 as per my requirement.
I am using the two wheeler loan from last 2 years with L&T FINANCE LIMITED and the documentation process was easy and i got the loan amount within 35days. The rate of interest was 10% approx. The duration for repaying was 2 years with the loan.
I have been holding my two wheeler loan with L&T FINANCE LIMITED from long time, the loan amount which they have given to me was sufficient, they have given me as per the requirement, the rate of interest they have charged me was bit high, it was 1% high on market price, but in payment i face issue, i had did ECS option through bank but this month my payment is not got credited yet.
I have closed the two wheeler loan long time, the documentation process was simple and quick , the loan amount was sufficient as per the requirement i got loan amount, the rate of interest they charged me was nominal, they did not charged me any hidden charges.
I have closed the two wheeler loan on 2017. The documentation process was simple and quick also there was a down payment paid which was 21k, duration is for repaying the loan was 24 months. The rate of interest was nominal. The customer support is good.
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1
PENDEM RAJAGOPAL
, warangal
Reviewed on Jun 22, 2019
I have taken my bike loan with L&T . Loan amount . There is no hidden charges . The tenure period is fine .The whole loan process was easy and super fast. It was a super fat loan experience. Overall it was a very good loan experience. Rate of interest is very nominal here .
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0
ROHAN SHIAVJI GAWARE
, pune
Reviewed on Jun 20, 2019
I have taken bike loan through L&T , the customer service is good and i did not face any issue at the time of documentation time . There is no hidden charges with this bank and tenure period is fine . Loan amount is up to the mark. Rate of interest is good .
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0
SONU RAJKUMAR GUPTA
, mumbai
Reviewed on Jun 20, 2019
They have very good customer care service. Their interest rates are very high. I bought my two wheeler loan by using the L&T because when i went to purchase my bike agent were there in the showroom, they have introduce about themself and explained the loan process and the sanctioned the loan in 1 day. At the time of sanctioned loan, they have given the bike as well. During the ECS they have deducted the money 1 day before the due date. Due to this issue, the cheque got bounced.
I have taken Two wheeler Loan through L and T Finance Limited .The vehicle model is Active 4g ,the loan amount 50000 for 2years ,still on process ,still need to pay 4 weeks ,loan got on time ,rate of interest was nominal and pf was nominal ,The service is very good and satisfied so far .
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5
RAJENDRAKUMAR CHAUHAN
, ahmedabad
Reviewed on Apr 27, 2019
