Faqs - L&T Finance

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What is the eligibility criteria for applying for a Two Wheeler Loan in Bangalore?

You must be an Indian resident aged 21–65 Years, salaried or self-employed, to be eligible to apply for a Two Wheeler Loan in Bangalore.

What is the interest rate for a Two Wheeler Loan in Bangalore?

Interest rates are variable and depend on your credit profile, loan amount, tenure and market conditions.

Can I avail a zero down payment Two Wheeler Loan in Bangalore?

Yes. We offer zero down payment bike loans in Bangalore, subject to eligibility.

What documents are required for a Two Wheeler Loan in Bangalore?

You need to provide a photo ID proof, address proof and an optional income proof based on your loan requirement.

How long does it take to get approval for a Two Wheeler Loan in Bangalore?

With minimal paperwork, approval is often granted within minutes after you submit a digital application.

Is there a prepayment or foreclosure charge on the Two Wheeler Loan?

Foreclosure fees are 5% of principal outstanding + applicable taxes.

What is the minimum CIBIL score required to get a Two Wheeler Loan in Bangalore?

A good CIBIL score is required for bike loans and is recommended for quick approvals.

What is the maximum repayment tenure for a Two Wheeler Loan in Bangalore?

You can choose a repayment tenure of up to 5 Years for your loan.

Can I get a loan for an electric bike or scooter in Bangalore?

Yes, our Two Wheeler Loan in Chennai covers daily commuters, electric bikes and super bikes.

Do I need a guarantor to apply for a Two Wheeler Loan in Bangalore?

No guarantor is required. Approval depends on your income, documents and credit profile.

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