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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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
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
I took my two wheeler loan with L&T Finance limited previously, the loan amount was sufficient based on the vehicle price, i took Honda activa through them , their service was good, they use to send me message alert regarding my emi that maintain sufficient balance account they will be taking through them, my EMI use to get deducted by ECS process. Now i closed this account successfully.
The loan amount was good, documentation process was simple and fast with the L&T FINANCE LIMITED. The rate of interest was nominal the customer service is good and the duration for repaying the loan is for 2.5 years but have done payment for 1.5 years.
I have taken a two wheeler loan from L&T Finance, the loan amount was Rs. 45,000. The rate of interest is too high they charged 18% which they need to decrease. It was processed within 3 days and I have purchased a HONDA ACTIVA. The documentation is simple and good. Customer support is excellent.
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1
DEEPAK MARIAPPA
, bangalore
Reviewed on Apr 11, 2019
I have taken a two wheeler loan from L&T FINANCE . I went to show room and i given all my documents. The loan amount was Rs. 60000 i received the loan amount within few minutes. I received the vehicle with in 1 day i have purchased a HONDA ACTIVA .I am not sure about the preclosure charges. Customer service and responsiveness is good.
I have applied for the two wheeler loan with the L&T FINANCE LIMITED and i am using it since from last 8 months and i have faced with no issues with this institute as the documentation process was simple with no issues. They have given sufficient loan amount also the approximate of rate of interest which was 11%.
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0
MEENUGA VENKATA VENKATANAYUDU
, hyderabad
Reviewed on Mar 23, 2019
I taken my new bike with the help L& T two wheeler loan . Bike showroom has tied up with the L& T . A very good customer support and immediate response . Within 48 hours of time , they sanctioned my two wheeler loan with the Interest rate 15 % . A normal processing fees .
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1
MANIKANDAN ELOGOVAN
, bangalore
Reviewed on Mar 22, 2019
I taken my new bike with the help L& T two wheeler loan . Bike showroom has tied up with the L& T . A very good customer support and immediate response . Within 48 hours of time , they sanctioned my two wheeler loan with the Interest rate 15 % . A normal processing fees .
I have two wheeler loan from L&T Finance Limited, I have taken this loan at 2017. The process was good they don't have balance transfer. The customer service is good interms of handling the queries. The interest was reasonable for bike loan.
I had taken this Two wheeler loan a while back and the experience i had with this loan was pretty good. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal when compared with the market rate. There was no additional charges which has been made by them as well.
I had taken this loan a long time back and the experience has been quite good. The loan amount which they had provided has been sufficient. The interest rate with them has been nominal when compared with the market rate, the charges which they had made has been nominal as well.
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3
DEVANG RAJENDRA SONI
, noida
Reviewed on Mar 06, 2019
Till now i didnt get my welcome kit from L&T .I purchased my scooter with the help of my two wheeler loan with L&T . I got my amount abruptly within 24-48 hrs, But the ROI is around 11 % with 24 months of Tenure period . I am not sure about my pre closure charge .
I have applied for the two wheeler loan and taken it with the L&T FINANCE LIMITED and i am using it from last one year. I got the loan within 1 day also the rate of interest is lower than others. The duration for repaying the loan is for flexible with this loan.
