Faqs - L&T Finance

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What are the documents required for a Two Wheeler Loan?

To apply for a Two Wheeler Loan, you must provide specific documentation for a Two Wheeler Loan. This includes a filled application form,s, identity proof (such as Aadhaar or PAN card) and address proof.

Can I get a Two Wheeler Loan without property documents?

Yes, property documents are not mandatory for a Two Wheeler Loan. The documents required for these loans primarily include identity proof, address proof, stability proofs and Bank statement

What is the process for applying for a Two Wheeler Loan?

Applying for a Two Wheeler Loan involves applying with the documents required for a Two Wheeler Loan application, which include identity, address, and income proof. Upon submission, the lender will verify your documents and creditworthiness before approving the loan.

Can I buy a two-wheeler without a down payment?

Yes, Two-Wheeler finance offer you up to 100%* funding as per the on-road price. So no down payment is required.

What are the interest rates charged on the Two Wheeler Loans?

Interest rates on Two Wheeler Loans typically starts from EMI as low as 2299* per month, varying based on the loan amount, and borrower’s credit history. Contact us for information about current rates.

What is the turnaround time for the Two Wheeler Loan application processing?

The processing time for a Two Wheeler Loan application is generally quick. L&T Finance offers decisions within 30mins (Subject to KYC and checks) of receiving the complete documents required for the loan.

Is Aadhaar mandatory for A Two Wheeler Loan?

Aadhaar is a common identity proof, it is mandatory.

What is the importance of ITR in the Two Wheeler Loan process?

ITR is not required for Two wheeler loan, L&T finance offers loan basis KYC and Bank Statement

Which documents are required for a Two Wheeler Loan without ITR?

No bank statement is required for a Two Wheeler Loan for both salaried and self employed, However Bank statements are only required when customer requires higher loan amount and best rates.

What should be the language of the registration document?

The registration document should be in the official language of the issuing authority, usually in English or the regional language.

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