Faqs - L&T Finance

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

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 Mumbai.

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

Our Two Wheeler Loan interest rate in Mumbai is competitive, varying by profile and loan amount.

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

Yes. We offer zero down payment Two Wheeler Loan in Mumbai, subject to eligibility.

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

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 Mumbai?

With minimal paperwork, approval is granted quickly after you submit loan application and documents.

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

Foreclosure charges are 5% of the principal outstanding plus taxes.

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

The CIBIL score required for bike loan should be “good”, recommended for fastest approvals and access to our best financing options as a Two Wheeler Loan provider in Mumbai

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

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

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