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Apply for a two-wheeler loan with L&T Finance on Bajaj Markets and enjoy quick approvals and easy processing.
Starting Interest Rate
Loan-to-Value Ratio
Max. Tenure
The L&T Finance Two-wheeler Loan offers an affordable and convenient way to finance your bike purchase with ease. Get up to 100% bike financing with interest rates starting at 6.99% p.a. and flexible repayment tenures of up to 4 years on commuter, electric, or superbikes.
Apply now on Bajaj Markets with minimal documentation, low processing fees, and zero down payment options.
Here are the L&T Finance Bike Loan interest rates and other charges:
Particulars |
Details |
|---|---|
Starting Interest Rate |
6.99% p.a. onwards |
Processing Fee |
5% of the loan amount |
Part Prepayment Charges |
Up to 5% of the prepaid amount + GST |
Foreclosure Charges |
5% of the outstanding principal amount + GST |
Maximum Loan Amount |
Up to 100% LTV ratio |
Repayment Period |
Up to 48 months |
*Disclaimer: The rates are subject to change at the lender’s discretion.
Here are some additional charges you should know about when getting a two-wheeler loan from L&T Finance:
Particulars |
Details |
|---|---|
Late Payment Charge |
2% of the overdue EMI amount per month + GST |
Duplicate NOC Charges |
₹250 + applicable taxes - post 3 free copies |
Repayment Swap Charges |
₹500 + applicable taxes |
Charges for the following documents
|
Nil |
ECS / NACH Charge |
Up to ₹1,500 |
Document Charge |
Up to ₹1,500 |
EMI Dishonour/Bounce Charge |
₹500 to ₹2,000 |
Loan Cancellation Charges |
₹1,500 |
Disclaimer: The mentioned rates are subject to change at the lender’s discretion.
L&T Finance two-wheeler loan interest rates start from 6.99% p.a., and manage your repayment with ease. This helps you reduce your overall borrowing cost over the loan tenure.
Avoid upfront payments by getting an L&T Finance Bike Loan for up to 100% of the bike’s on-road price. This makes it easier for you to purchase your desired bike without budget constraints.
Choose a repayment period of up to 4 years and repay comfortably. Longer tenures help lower your EMI burden and improve financial planning.
Enjoy a hassle-free loan application by submitting only the basic documents. This speeds up the approval process and reduces the need for repeated follow-ups.
Apply for the loan easily and from anywhere with online services and a digital application process. You can complete the entire application without visiting a branch, saving time and effort.
To apply for this loan, you need to meet the following L&T Finance Bike Loan eligibility requirements:
You should be a resident of India
You must have a good CIBIL score for a two-wheeler loan.
You should be at least 18 years old
Your age should not exceed 65 to 70 years at the time of loan maturity
If you are salaried, you need at least 1 year of work experience
If you are self-employed, you must have filed income tax returns for at least 2 years
Here is a list of documents you will have to when opting for a bike loan from L&T Finance:
PAN Card
Driving licence
Passport
Voter ID
Utility bills
Passport
Voter ID
Government Issued-documents
Salary slips
I-T Returns
Bank A/C Statements
Audited Financial Statements
You may have to submit additional documents based on your application.
Before applying for the L&T Finance Two Wheeler Loan, it is important to know the loan EMI and the payable interest in advance for various loan amounts, interest rates and tenures. This helps in managing loans with better financial planning. To calculate your monthly EMIs, use our two-wheeler loan EMI Calculator online now.
To apply for a bike loan from L&T Finance on Bajaj Markets, you need to follow these simple steps:
Click on the ‘CHECK OFFER’ button
Enter your mobile number and PIN code
Enter the OTP sent to your registered mobile number
Enter all the required information like personal and employment details and the bike’s make and model
Choose from the offer/offers displayed based on your profile and eligibility
A representative will then get in touch with you for further processing
Once you have applied for your L&T Finance Two-Wheeler Loan for a bike or scooter, it is easy to stay updated on your application and repayment progress. You can check your loan status through multiple convenient channels.
Visit the official L&T Financial Services website and navigate to the Self-Help section. Select ‘Loan Details’, enter your LOGIN number, verify using an OTP, and access your loan status instantly.
Send specific SMS codes such as ‘INST’ or ‘OSB’ to 9212025555 from your registered mobile number. You will receive an instant response with key loan details, including EMI status, outstanding balance, or sanction amount.
Download the L&T Planet App and log in using your registered details. You can view real-time updates on your loan application and track repayment information with ease.
Call the L&T Finance customer care number at 1800-268-0000 for updates on your loan status. A representative will assist you after verifying your registered information.
Email your query from your registered email address to customercare@ltfs.com. You will receive assistance related to your loan account, application, or repayment details.
The L&T Finance Two-wheeler Loan processing fee charged is up to 5% of the loan amount.
Yes. You can opt to foreclose your two-wheeler loan. However, you will need to pay 5% of the outstanding principal amount + GST to utilise this facility.
You can repay the loan over a flexible tenure of up to 48 months.
Your L&T Finance Two-wheeler Loan may be processed within minutes. Do note that the time taken depends on your loan eligibility and the completeness of your application.
No. You are usually required to submit your bank statements or some basic income proof to show your ability to repay the loan. This is subject to the lender’s policies and discretion. Reach out to L&T Finance for more details.
Yes, as a first-time borrower, you can apply for an L&T Finance bike loan. However, this is subject to whether you meet the set loan eligibility criteria such as income, age, and nationality.
Yes, you can apply even with a low credit score, but the approval and interest rate may depend on additional factors such as income and repayment history.
L&T Finance may allow loan balance transfers from other lenders. However, this is subject to the policies of L&T Finance and your eligibility.
Yes, L&T Finance offers loans for all two-wheelers, including electric bikes and scooters.
You can pay your L&T Finance Two-wheeler Loan EMI via several payment channels. These include:
eNach (Net Banking, Debit Card, Aadhaar, UPI)
Direct bank transfer
Cheque or cash at your nearest L&T Finance branch
