Faqs - L&T Finance

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What is a Two-Wheeler Loan?

A two-wheeler loan helps you purchase a bike of your choice, and pay for it in equated monthly instalments (EMIs).

Why L&T Finance Two-Wheeler Loan?
  • Quickest Approval TAT in the industry
  • Simple documentation process
  • Competitive Interest Rates & schemes to suit your needs
  • PAN India branch network
Is there any late payment fee on two-wheeler loan?

The late payment fee is 2% on overdue EMI.

Are there any special schemes on two-wheeler loan?

Special schemes are available from time to time. Get in touch with a L&T finance representative at any dealership to get information on the latest schemes and offers.

Can I repay two-wheeler loan early?

Yes, you can prepay your loan, and the foreclosure charges will be as outlined in the Key Fact Statement (KFS) shared by the company.

Where can I get my Statement of Account or any other loan related details?

Login with your registered mobile number on Planet App / Website and get all your loan related details. Visit https://planet.ltfs.com/LTFS/

How to check loan application status at L&T Finance?

You will get real time status update on your registered mobile number for each step of the way. You can also download & login to our Planet App to get the details.

How can I repay my two-wheeler loan?

You can repay your two-wheeler loan with a range of options. This includes eNach (Net Banking, Debit Card, Aadhaar, UPI), physical mandate through direct bank transfers, online payment through L&T Finance website. You can also repay through cheque & cash by visiting your nearest L&T Finance branch.

How to apply for Two-Wheeler Loan at L&T Finance?

Online
Apply online through our website

Phone
Our customer support team is happy to help you, call us on customer care number at 18002680000 from 9 am to 6 pm Monday to Saturday. You can request a call back too.

Branch
Walk into your nearest branch/dealership and meet L&T Finance representative to apply for the Loan.

Is there any security/collateral which needs to be offered for this loan?

No. You only have to submit your KYC documents along with bank details for loan approval

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