L&T Finance Two-Wheeler Loan

The main features and benefits of the two-wheeler loan offered by L&T Financial Services are mentioned below: 

1. Quick loan approval. 

1. Loan options are available for salaried as well as non-salaried individuals. 

1. Easy documentation process. 

1. Loan available without income proof (conditions apply). 

1. Branches spread across India. 

1. Avail funding up to 100% of the on-road price (conditions apply). 

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Eligibility Criteria 

The applicant should be between the age bracket of 18 years to 65 years.

Documents Required to Avail L&T Financial Services Two-Wheeler Loan

Loan applicant	Documents required
Without income proof	Valid identity proof: Aadhar Card, PAN Card, etc. Valid address proof: Utility bills (Electricity bill, Gas passbook, etc.), Passport, etc. 2 cheques in case of paper mandate
With income proof	Valid identity proof: Aadhar Card, PAN Card, etc. Valid address proof: Utility bills (Electricity bill, Gas passbook, etc.), Passport, etc. Valid income proof: Pay-slips, bank statements, etc. 2 cheques in case of paper mandate

How to Apply for L&T Financial Services Bike Loan?

You can apply for an L&T Financial Services Bike loan online. You will be required to follow a few simple steps which can be summed up as follows:

1. Visit L&T Financial website
2. Click on ‘Apply Now’. 
3. Enter your mobile number on the next page.

1. Enter the OTP sent to the registration number. 
2. Fill up the application form.
3. Complete the KYC process.
4. A customer service representative will contact you to process the request.  

NBFCs Offering Two-Wheeler Loans

GE Money Two-Wheeler Loan

Muthoot Capital Two-Wheeler Loan

TVS Credit Two-Wheeler Loan

Mahindra Finance Two-Wheeler Loan

Hero FinCorp Two-Wheeler Loan

Shriram City Union Finance Two-Wheeler Loan

L&T Financial Services Two-Wheeler Loan EMI Calculator

L&T Financial Services offer an EMI calculator on their official website which can be used by any user to calculate the EMI for the prospective loan amount chosen by them. On this two wheeler loan emi calculator, the user will be required to enter the details of the loan such as the expected loan amount, the annual rate of interest, and the loan repayment tenure in terms of months.

Once all the details have been entered, the calculator will make the necessary calculations and display the EMI amount as per the details provided by the user at the bottom of the table.

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Charges

The different fees and charges that are levied are mentioned in the table below: 

Category	Details
Duplicate NOC Charges	Rs.250 plus taxes
Parking/ Repo/ Recovery/ Legal Charges	At actuals
Foreclosure Charges	Up to 5% of the amount that is paid plus taxes
Late Payment Interest	3% on the EMI that is overdue per month
NACH	0 – Rs.1,500
Processing Fee	Depends on the scheme

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FAQs on L&T Finance Two-Wheeler Loan

• 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 your 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 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.

• I have some queries regarding the two-wheeler loan. How can I get in touch with the customer care executive?

  You can call on the number +917264888777 in case of any query related to two-wheeler loan.

• How can I get information about my loan?

  You can either call the customer care number +917264888777 or send an SMS to 92 12 02 5555. You can also give a miscall to 92 12 02 5555 to find information about your loan.

• Does L&T Finance levy a processing fee when I apply for a two-wheeler loan?

  Yes, L&T Finance will levy a processing fee when you apply for a two-wheeler loan.

• Does L&T Finance provide the option to preclose the two-wheeler loan?

  Yes, L&T Finance provides the option to preclose the two-wheeler loan. 

• Can I avail a two-wheeler loan from the NBFC without providing proof of income?

  Yes, you can avail a two-wheeler loan from the NBFC without providing proof of income. 

• What is the maximum tenure of the two-wheeler loan offered by L&T Finance?

  The maximum tenure of the two-wheeler loan offered by L&T Finance is four years. 

• Are any charges levied in case I use BankBazaar’s two-wheeler loan EMI calculator?

  No charges are levied to use BankBazaar’s two-wheeler loan EMI calculator. 

• How long does it take for the loan to be processed?

  It may take up to seven working days for the loan to be processed. 

• Is it mandatory to provide proof of address when I apply for a two-wheeler loan?

  Yes, proof of address must be submitted when you apply for a two-wheeler loan. 

• Is it mandatory to provide proof of identity when I apply for a two-wheeler loan?

  Yes, proof of identity must be submitted when you apply for a two-wheeler loan. 

• Will the credit score impact the interest rate of the two-wheeler loan?

  Yes, the credit score is an important factor that is considered when determining the interest rate of the two-wheeler loan. 

• Will the age criteria differ for different lenders?

  Yes, the age criteria that must be met may differ from lender to lender.