Apply Two Wheeler Loan in Delhi: Tenure up to 30 years

L&T Finance Two Wheeler Loan in Delhi

As a leading Two Wheeler Loan company in Delhi, we help you finance your commuter bikes, electric bikes or dream super bikes of up to ₹ 20 Lakh. With competitive Two Wheeler Loan interest rates in Delhi, minimal paperwork and fast approvals, our loans make every ride possible. You can get up to 100%* funding of the on-road price and ride your two wheeler home without financial stress.

Features & Benefits of Two Wheeler Loan in Delhi

Features & Benefits	Description
Minimal paperwork	Apply for a Two Wheeler Loan digitally with minimum documentation
Accessible service	Nationwide dealerships for personalised and convenient support
Loan tenure	Get a loan with a repayment tenure of up to 5 Years
Maximum funding	Receive up to 100%* funding of on-road price

EMI Calculator for Two Wheeler Loan in Delhi

Our Two Wheeler Loan EMI calculator helps you plan monthly payments. Enter loan amount, Two Wheeler Loan interest rate in Delhi and tenure to view the estimated EMIs instantly.

Eligibility Criteria for Two Wheeler Loan in Delhi

Type	Criteria
Residency	Indian resident
Age requirement	21 Years to 65 years
Profession	Salaried or self-employed Individuals

Documents Required for a Two Wheeler Loan in Delhi

Document Type	Required Document & Checks
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 Fees & Charges in Delhi

List of all fees and charges for Two Wheeler Loan

Type	Interest Rate and Charges
Processing Fees	Up to 6% of Loan amount
Processing Fees	*Varies based on the Asset & Scheme opted by the Customer
ECS / NACH Charge	0 to Rs 1500/-
Document Charge	0 to Rs 1500/-
Penal Charge/Late Payment Charges (LPC):	2% per month on overdue EMI + applicable taxes
	*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
	*Taxes applicable on LPC w.e.f. 1st Apr 2024
EMI Dishonour/Bounce Charge*	As shown in the table below
*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
Loan sanction amount (in INR)	Charges in (in INR)
< ₹ 5 Lakh	₹ 500
₹ 5 Lakh - ₹ 50 Lakh	₹ 1000
> ₹ 50 Lakh – ₹ 2 Crore	₹ 1500
> ₹ 2 Crore	₹ 2000
Foreclosure Charges	5% of principal outstanding + applicable taxes
Legal /Recovery /Repo /Parking & other Charges	As per actuals
Duplicate NOC Charges (Charge is applicable for paper copy post 3 free copies per customer)	Rs 250/- + applicable taxes
Repayment Swap Charges (per swap)	₹ 500/- + applicable taxes (applicable only for branch walk-ins)
Charges for documents like Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome Kit	Nil
Loan Cancellation Charges	Rs.1500/-

*Terms & Conditions Apply. All actual charges will be as per Key Fact Statement (KFS) shared by the company.

Why Choose L&T Finance for a Two Wheeler Loan in Delhi

Fully digital application process
Fast approval for your Two Wheeler Loan
Nationwide dealerships for personalised and convenient service
Long repayment tenure of up to 5 Years

How to Apply for a Two Wheeler Loan Online in Delhi

Apply for Two Wheeler Loan with these steps

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. 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. Eligibility and document verification

Visit the dealership, where our representative will check your eligibility and documents to proceed with your loan

4. Drive your Two-Wheeler home

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

FAQs & Support

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How quickly can I receive funds?

Once approved, funds are disbursed to the dealership quickly via our seamless personal loan disbursement process, so you can drive your new two-wheeler home without delay.

Who is eligible for a Two Wheeler Loan in Delhi?

Indian residents aged 21–65 Years, whether salaried or self-employed, can apply for a Two Wheeler Loan in Delhi. .

What repayment tenure can I choose?

You can select a repayment tenure of up to 5 Years.

Are there prepayment or foreclosure charges?

Foreclosure charges are 5% of the principal outstanding plus taxes.

What documents do I need for a Two Wheeler Loan?

You need to provide a photo ID proof, address proof and an optional income proof based on your loan requirement.

What is the maximum Two Wheeler Loan amount in Delhi?

You can get a Two Wheeler Loan of up to ₹ 20 Lakh* to finance daily commuters, electric bikes or dream superbikes, backed by 100%* on-road price funding and minimal paperwork with L&T Finance.

What CIBIL score is required for a bike loan?

The CIBIL score required for bike loan should be “good”, recommended for fastest approvals and access to our best financing options as a Two Wheeler Loan provider in Delhi.

Can I get a loan for bikes under 1.5 Lakh or scooter under 1 Lakh?

Yes. Our Two Wheeler Loan in Delhi covers bikes under 1.5 lakh and scooter under 1 lakh, with up to 100%* funding and quick disbursal directly to the dealership.

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