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 â€˜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 through L and T finance ltd which was directed by showroom dealer. The vehicle was Honda Active 5 G and the rate of interest was too high it was 17%and this loan is still alive and paying the premium on EMI basis .The service was average according to my experience .
I took two wheeler loan from L&T FINANCE on 4 years back. The amount was sufficient of 60K with tenure period of 2 years. Rate of interest is nominal for this loan, I done the down payment of 15K. I bought the bike of TVS Star City Plus. EMI need to pay around 2,300 rupees. I will be charged with nominal amount from both bank and L&T Finance whenever dues are paid late. Pre closure was applicable which I didn't undergone. I closed this loan after 2 years of my tenure.
I don't have any knowledge about the loan service and process when i went to the showroom, the L & T agent explained me about the process hence i have taken my two wheeler loan with them. I paid the down payment of Rs. 20000. I have selected the tenure period of 2 years. I pay the EMI amount of Rs. 1870 every month. They have sanctioned my loan immediately. By chance, if my cheque got bounced, i need to visit their branch to make the payment but the branch is more crowded.
My two wheeler loan was taken from L & T When i compared with the rate of interest L & T was offering me a better rate of interest. They have sanctioned my loan immediately. I took the loan amount of Rs. 45000 and i have made a down payment of Rs. 30000. Total duration of the loan is 24 months. I pay the EMI amount of Rs. 3126 and the amount is deducted through ECS option.
I have taken two wheeler loan directly through L and T Finance .The vehicle name is Honda Activa 5 G and the loan got sanctioned on time .The rate of interest and the processing fee was very nominal .I have submitted documents through the agent and everything was smooth until the loan was sanctioned.
My two wheeler loan was taken from L & T because the loan was directly taken from the place where i have purchased the bike. I have paid the down payment of Rs. 15999. I have been paying the EMI amount of Rs. 5360 and they have sanctioned the loan immediately. Documentation process was okay because i have just given my Aadhar card, PAN card, cheque leaf. So far i have paid around 8 installments.
I have taken two wheeler loan from L&T FINANCE LIMITED on 2 years back. By 2-3 months I am going to close the loan. I have been taken bike through showroom, an executive has assist to take this loan from this company. The loan amount was good with tenure period of 2 years. The rate of interest is nominal. I have done down payment of 60K. There is pre closure and part payment facility are applicable. EMI need to pay of 4K. The bike model is Royal Enfield Classic 350.
I have taken Two Wheeler loan directly through L& T Finance Ltd.The vehicle model was 2019 and the vehicle name is Hero Honda Splendor.This loan is still active and i have not yet faced any issues until got the loan.The loan amount taken was 49000 for the tenure of 2 years.I am satisfied with the service so far.
I have taken a two wheeler loan from L&T Finance. I got this offer through showroom. They have sanctioned the loan amount exactly not sure, with tenure period of 2 years. Interest rate is nominal and there is no processing fee. The model which I bought is Honda Activa. I had done down payment of 15K.
L&T has sanctioned the two wheeler loan within 1 hour since i need a loan on emergency basis, i got this loan from their end. I have paid the down payment of Rs. 20,000. Now I'm paying EMI amount of Rs. 4,400. They offered me a interest rate between 12% to 15%. They charged me Rs. 1,000 for processing fee.
I have taken a two wheeler loan from L&T Finance. I got this offer through showroom. They have sanctioned the loan amount of 60K with tenure period of 2 years. Interest rate id nominal and there is no processing fee. The model which I bought is Activa 5G. I have not opted for pre closure. EMI use to pay of 3400 rupees. I had done down payment of 10K.
I have taken a two wheeler loan from L&T FINANCE and the loan amount was Rs. 40k and the tenure is for 24 months. I have made down payment which was Rs.28k and remaining was loan. I am paying EMI of Rs. 2400, right now i am going to complete this month. Documentation process was simple i given to the show room itself. Customer service speaking very rashly, need to be change that and the interest rate is nominal.
I have takenTwo wheeler loan directly through L and T Finance Limited .The vehicle name was Classic Bullet and the rate of interest was medium and got this loan on proper time frame without any hassles.I have closed this loan successfully without any difficulties.There was no cheque bounce also ,i am satisfied with the service .
My friend was working with L & T Finance hence i have approached him for a two wheeler loan. I paid the down payment of Rs. 20000 since its a two wheeler exchange loan. They charged me a processing fee of Rs. 1000. Totally i took the loan amount of Rs. 54000 with the tenure period of 1 year. I have already completed the loan by paying the EMI amount of Rs. 4580.
I have taken two wheeler loan directly through L & T Finance Limited .The vehicle model was Honda Activa ,I have taken the loan amount of Rs.70,000 for the tenure of 2 years .I am paying the premium on EMI basis ,The loan amount got sanctioned instantly,The rate of interest and the processing was very nominal .I have submitted the required documents also for this loan.
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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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.