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.
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 closed L&T finance two wheeler loan, the interest was okay compared to others. I have taken three two wheelers through L &T , I approached through the showroom, I gave normal documents like cheque id and address proof, I got the loan with a week. The customer support is not upto the mark they need to work on it, nobody providing service to the customer.
Was this review helpful?
1
VISHWANATH GOPI
, bangalore
Reviewed on Feb 15, 2019
I had been taken my two wheeler loan with L&T FINANCE LIMITED previously.Their service is okay, they have charged me too high rate of interest they have charged me was high they have charged me up to 17% which is too high, and they have charged me processing fee that too was high,and too much hidden charges they are charging, now i have been closed this bank loan.
Was this review helpful?
0
VENKATA SAI KRISHNA DEEPAK TANUKU
, hyderabad
Reviewed on Feb 12, 2019
Its my last emi with L & T Finance Limited, I took the loan for Rs.50,000 for one year. I used to pay the emi around Rs.4815. I have purchased splendor bike through showroom they sanctioned the loan on time, the service is good with satisfactory interest rate.
Was this review helpful?
2
MALLI NEELAKANDAN SARAVANAN
, chennai
Reviewed on Feb 02, 2019
L&T Finance is a very good company for two wheeler loan. I have got a sufficient loan from them. I have given all the documents to the showroom people. I have got the loan amount of Rs. 54000. I am paying the EMI of Rs. 2600 for the tenure period of 3 years.
I have taken two wheeler loan with L&T and my experience was good, the loan amount was more than Rs 60000 with nominal interest rate when compared to others. Customer service was good and they responded on time. Tenure period for this loan was for 2 years.
Was this review helpful?
0
PUNAM SHAMUWEL MAGAR
, mumbai
Reviewed on Dec 29, 2018
I took a two wheeler loan from the L&T finance . The Loan Process was very fast, their interest rate is nominal and the documentation part is very good. Overall it has been very good experience. I never had any issues with the loan experience is good they gave 30000.
Was this review helpful?
1
AJA KUMAR VANGAPALLI
, hyderabad
Reviewed on Dec 18, 2018
It was a good experience i had with this loan and the process was simple in getting the loan. The loan amount which they had provided has been sufficient and the interest rate with them has been very much nominal. They did not charge with any additional charges and there has not been any processing fee with them as well.
Was this review helpful?
1
MUDLAGIRIYAPPA HARISHA
, bangalore
Reviewed on Dec 11, 2018
My experience was good with L&T for two wheeler loan, the loan amount was sufficient and the rate of interest was high when compared to others in the market. Customer service was good and they responded on time. Tenure period for this loan is 2 years.
Was this review helpful?
1
VIKRAM KISAN TARASE
, pune
Reviewed on Dec 06, 2018
I took my two wheeler loan from the LNT , the tenure period is 3 year . The application process and the documentation was smooth and hassle free. I pay an EMI per month. The process was easy and the loan amount was credited with in 3-4 days. overall I would say L& T is very good.
Was this review helpful?
1
MOHAMMED WASEEMUDDIN
, hyderabad
Reviewed on Dec 06, 2018
There is a issue with L&T Finance regarding the signature issue. In the first month due, they have not deducted the ECS payment. Interest rates are little bit high. They have given me a interest amount of Rs. 17000 for 24 months. I have purchased the two wheeler loan amount of RS. 60000. Total tenure period of the loan is 2 years. I pay the EMI of Rs. 2739 every month.
Was this review helpful?
1
HUSSAIN BASHA ABDUL JAFFAR
, bangalore
Reviewed on Dec 02, 2018
I have been holding my two wheeler loan with L&T finance, there service is not up to the mark, the loan amount was sufficient i got loan through showroom only , but the rate of interest they have charged me high and even they charge me hidden charges up to 1500-3000 till now i have been given them penalty , there overall service was not good.
Was this review helpful?
4
ROHIT MAHADEVBHAI PARMAR
, ahmedabad
Reviewed on Nov 25, 2018
My experience was good with L&T for two wheeler loan, the process took normal time to complete. The loan amount was for Rs 45000 with nominal interest rate when compared to others. Customer service was very good and the tenure period for this loan is 18 months.
Was this review helpful?
2
SHIVANNA KIRAN
, bangalore
Reviewed on Nov 19, 2018
I have been using two wheeler loan from L&T financial service, the loan amount they have given me up to 74 thousand and the rate of interest is 18% they have charge me which is nominal and there processing fee got charge after sanction of my loan and i got this loan through showroom .
Was this review helpful?
3
AMIT KUMAR SINGH
, ghaziabad
Reviewed on Nov 16, 2018
The showroom people has suggested me go with the L&T loan. I have paid only rs. 6000 as a processing fee. I have bought a two wheeler loan for bike with a amount of Rs. 62 K. I'm happy about the interest rate they have provided to me. I have purchased the loan 1 year back and total tenure period of the loan is 24 months. I pay the EMI of Rs. 3 K every month.
Was this review helpful?
1
CHAITHANYA SURESH KUMAR
, bangalore
Reviewed on Nov 13, 2018
I took my two wheeler loan from the LNT , the tenure period is 30months . The application process and the documentation was smooth and hassle free. I pay an EMI per month. The process was easy and the loan amount was credited with in a span of 3 to 4 business days.
I have taken a two wheeler loan with L&T finance an my loan experience with this institute is good,my processing fee and Rate of interest is nominal , in my tenure period was 36 months i have covered 30 months paid for time to time my loan payment.
I have taken a two wheeler loan with L&T finance and my loan experience was good, the loan amount was for Rs 40000 with nominal interest rate when compared to others. Customer service was good and they followed up on time. Customer service was good with L&T and the tenure period for this loan is 2 years.
Was this review helpful?
6
CHANDRASHEKAR VOORE
, hyderabad
Reviewed on Sep 29, 2018
It has been a very good experience i had with them so far. The process in getting this loan had been smooth and easy and the loan amount which they had provided also had been satisfactory as well. The interest rate with them also had been nominal when compared with the market rate.
I have taken a two wheeler loan with L&T finance and my experience was good, the loan amount was for Rs 30000-40000 and i paid a down payment of Rs 13000. Customer service was good and they responded on time. The rate of interest was nominal and the tenure period for this loan is 2 years.
Was this review helpful?
8
GAURAV SHARMA
, new delhi
Reviewed on Aug 29, 2018
It is good experience with them i use to make on time payment, so that there is no issues in it, the rate of interest what they have given me is that 10% which ids ok for me, i have taken this loan before 2 years now its been 1 year completed, remaining 1 year i there, so far its good.
Was this review helpful?
6
SIDALGATTA SRINIVASA
, bangalore
Reviewed on Aug 25, 2018
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.