Two Wheeler Loan

Secure a Two Wheeler Loan for up to ₹ 20 Lakh for your daily commuter bikes, electric bikes or dream super bike. Get a competitive EMI as low as ₹ 2,299* per month, with minimal documentation and repayment tenure for up to 5 years. We offer quick approvals and easy processing without the burden of lengthy paperwork. Apply now and get your two wheeler in no time.

Minimal paperwork

Apply for a Two Wheeler Loan digitally with minimum documentation.

Accessible service

Nationwide dealerships for personalised and convenient service

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

EMI Calculator

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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Eligibility & Documents

Eligibility

Residency:

Indian resident

Age requirement:

21 years to 65 years

Profession:

Salaried or self-employed individuals

Documents

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)

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

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 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.

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.

Explore all FAQs

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