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L&T Finance
Two Wheeler Loan Super Bike Loan Electric 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.


emi-calculator

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

The following form controls will update the content in the Estimated EMI section.

Preferred loan amount

₹
₹50,000
₹20,00,000

Interest rate (per annum)

%
8.5%
23%

Loan tenure (months)

%
12 months
60 months

Estimated EMI

per month
  • ₹ 36,690

  • Interest payable

    ₹52,41, 690
Apply Now

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.

  1. 1. Apply online in just few minutes

    Click on the "Apply Now" button within the Two Wheeler Loan section and fill out the form with your personal details and loan requirements

  2. 2. Get assistance from our representative

    Our loan representative will contact you, and share all the available loan offers with dealership details, nearest to your location

  3. 3. Eligibility and document verification

    Visit the dealership, where we’ll verify your documents and determine your Two Wheeler Loan eligibility quickly.

  4. 4. Drive your Two-Wheeler home

    After approval, your loan amount will be directly disbursed to the dealership for a seamless purchase process

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.

eligibility-img

Loan Eligibility Criteria

Residency:
Indian resident
Age requirement:
21 years to 65 years
Profession:
Salaried or self-employed individuals
document-img

Documents Required

Photo ID Proof
PAN and any one of the following- Aadhaar Card | Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address
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 8.5% p.a.*

  • Charge Type - Two-Wheeler Loans

    Details

  • Processing Fees:

    Regular and Royal Enfield- Up to 3% of the loan amount or Rs. 7,500/- whichever is lower + applicable taxes.
    Superbikes- Up to 3% of the loan amount or Rs. 12,000/- whichever is lower + applicable taxes.
    Trade Advance – Up to 2% of the Sanction amount + applicable taxes.

  • Documentation & Repayment Setup Fee

    Up to Rs.1,750 + applicable taxes

  • Facilitation Fee*
    *A facilitation fee is levied on the customer to cover the company’s costs related to facilitating the transaction of purchase between the borrower and the vendor. It is based on acquisition expenses typically incurred at the vendor's physical location, including manpower and other services.

    Up to 2.5% of loan amount + 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 Rs. 500/- + applicable taxes (applicable only for branch walk-ins)

  • Document retrieval / Duplicate NOC charges

    Duplicate NOC: Up to Rs. 500/- + applicable taxes (Charge is applicable post 3 free copies)

  • Loan Cancellation Fee

    Up to Rs. 2,000 + applicable taxes

  • Legal Fees & Charges

    As per actuals or Up to Rs. 30,000/- whichever is lower + applicable taxes

  • Recovery Charges

    As per actuals or Up to Rs. 15,000/- whichever is lower + applicable taxes

  • Auction Fees

    Up to 1% of auction sale amount + applicable taxes

  • RC Non-Submission Charge

    Up to Rs.1,000/- per month post 120 days + applicable taxes

  • Field Collection Service Charge

    Up to Rs.500 per collection + applicable taxes

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