Two Wheeler Loan

Open your journey to bike ownership with a two-wheeler loan from L&T Finance that fits both your lifestyle and your monthly budget. Secure funding of up to ₹20 lakh for your daily commuter, electric bike, or dream superbike, with competitive EMIs starting from just ₹2,299 per month and minimal documentation. Enjoy a convenient digital application, repayment tenure of up to 5 years, and quick support at partner dealerships so you can focus on your next ride instead of paperwork.

Key Features and Benefits of Our Two Wheeler Finance

Discover the key features and benefits of L&T Finance Two-Wheeler Finance, such as attractive two-wheeler loan interest rates, minimal documentation, flexible EMI options, and fast loan disbursal.

Minimal paperwork

Apply for a Two Wheeler Loan digitally with minimum documentation. This makes your online bike loan application process fast and simple.

Accessible service

Nationwide dealerships for personalised and convenient service. We ensure you get the best finance for bike loan at a location near you.

Flexible Loan tenure

Get a bike loan with a repayment tenure of up to 5 years

Maximum funding

Receive up to 100%* funding of the on-road price. This maximum funding is available only to select, eligible customers.

Two-Wheeler Loan EMI Calculator

The L&T Finance Two-Wheeler Loan EMI Calculator is an easy-to-use online tool that helps you estimate your monthly EMI for a two-wheeler loan. Simply enter the loan amount, interest rate, and tenure to instantly calculate your EMI and plan your finances better.

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹50,000

₹20,00,000

Interest rate (per annum)

22%

Loan tenure (months)

12 months

60 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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How to Apply for a Two Wheeler Loan Online

Follow these simple steps to apply for a two-wheeler loan online with L&T Finance. The process is quick, secure, and requires minimal documentation, helping you get faster approval and easy EMIs.

Eligibility Criteria & Required Documents for Two Wheeler Loan

Understand the eligibility criteria and documents required for a two-wheeler loan, including age, income, and KYC details, to increase the chance of loan approval.

Loan Eligibility Criteria

Residency:

Indian resident

Age requirement:

21 years to 65 years

Profession:

Salaried or self-employed individuals

Documents Required

Photo ID Proof

Address Proof

Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc

Income Proof

Bank statement (Optional. Based on loan requirement)

Two Wheeler Loan Interest Rates and Charges

L&T Finance believes in complete transparency when it comes to two-wheeler loan interest rates, fees, and charges, helping customers make informed borrowing decisions. Before applying for a two-wheeler loan, review the applicable interest rates, processing fees, EMI-related charges, and other costs outlined below.

Interest Rate
Starting from 7.99% p.a.*
Processing Fees:
Up to 2% of sanction amount + applicable taxes
Documentation & Repayment Setup Fee
Up to ₹1,750 + applicable taxes
Penal / Late Payment Charge (LPC)
Up to 2% per month (p.m.) on overdue EMI + applicable taxes
Trade advance - Up to 2% per month (p.m.) on overdue amount + applicable taxes
EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
As shown in the table below
Loan sanction amount (in INR)
Charges in (in INR)
< 5 lacs
₹ 500
5 – 50 Lacs
₹ 1000
>50 Lacs – 2 Cr
₹ 1500
>2 Cr
₹ 2000

Foreclosure Charges
Up to 5% of principal outstanding + applicable taxes
Repayment Instrument Swap Charge (per swap)
Up to ₹500 + applicable taxes (branch walk-ins only)
Duplicate NOC / Document Retrieval Charges
Up to ₹500 + applicable taxes (after 3 free copies)
Loan Cancellation Fee
Up to ₹2,000 + applicable taxes
Legal Fees & Charges
As per actuals or up to ₹30,000, whichever is lower + applicable taxes
Recovery Charges
As per actuals or up to ₹15,000, whichever is lower + applicable taxes
Auction Fees
Up to 1% of auction sale amount + applicable taxes
RC Non-Submission Charge
Up to ₹1,000 per month after 120 days + applicable taxes
Field Collection Service Charge
Up to ₹500 per collection + applicable taxes

Seamless Loans, Simplified Experience

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FAQs & Support

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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) over a fixed period.

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.

What’s the minimum credit score I need to get a Two Wheeler Loan?

The required credit score can vary based on L&T Finance's credit policies. Generally, the higher your credit score, the better your chances of getting a favourable interest rate with higher eligibility.We recommend maintaining a score above 750 for the best offers.

What’s the minimum credit score I need to get a Two Wheeler Loan?

The required credit score can vary based on L&T Finance's credit policies. Generally, the higher your credit score, the better your chances of getting a favourable interest rate with higher eligibility. We recommend maintaining a score above 750 for the best offers.

What are the minimum and maximum tenures of a Two Wheeler Loan?

The minimum tenure for a Two Wheeler Loan is 12 months, and the maximum tenure can go up to 60 months. This is what we call an instant two wheeler loan decision.

Is there any late payment fee on two-wheeler loan?

The late payment fee is 2% on overdue EMI.

How long does it take for a two-wheeler loan approval at L&T Finance?

You can get a two-wheeler loan approved in a minute, provided all the documents are in place

Are there Different Interest Rates for New and Used Two Wheeler Loans?

Yes, interest rates for new Two Wheeler Loans are generally lower than those for used vehicles due to lower depreciation risk and better resale value for new bikes.

How to get a Bike Loan?

To get a bike loan, visit our Website or download L&T Finance PLANET App. Submit your personal details and our representative will contact and guide you to a dealership of your choice. Once approved, the loan amount is disbursed to the dealer.

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.

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Two Wheeler Loan

Thanks to L&T Finance, the process of buying my dream Bullet was swift and hassle-free. My family is elated, and we couldn’t be happier. Managing my EMI payments & checking the statement of account through the PLANET app is incredibly easy. I’m truly grateful to L&T Finance for making this dream a reality!

Dinesh Patil

Bhiwandi, Maharashtra

Two Wheeler Loan

I am very much satisfied with the loan scheme of L&T finance. They have approved the loan within a very short time and the Yamaha MT bike was one of my dream bikes and I got the bike with support and help of L&T finance and a bit of down payment.

Dhanashwam Taye

Bengaluru, Karnataka

Two Wheeler Loan

It was my dream to own a super bike, L&T Finance made that dream come true. From a digital paperless journey to quickly disbursing the loan amount, L&T Finance has been a hassle free experience for me. Transparent and trustworthy.

Moiz Manasawala

Mumbai

Two Wheeler Loan

I got a Loan from L&T Finance. It was a very smooth and easy loan process. I just brought my KYC documents and got the loan within five minutes, and the rate of interest is very low. I am really very pleased with L&T Finance.

Pramal Kumar

Bihar

Two Wheeler Loan

My experience with L&T Finance for Suzuki Access 125 was very smooth. The loan was approved within a very short time, with limited paperwork and constant support of their staff throughout, made it seamless. Me and my family is thrilled to add a new member in the house. Thanks to L&T Finance.

Rajaram Ghadigaonkar

Mumbai