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Gurgaon, a bustling hub of tech parks and growing urban infrastructure, sees high demand for personal mobility. L&T Finance offers a convenient Two Wheeler Loan in Gurgaon to help you own a commuter bike, electric scooter, or even a premium superbike. With loans available up to ₹ 20 Lakh*, flexible repayment terms, and simple documentation, financing your new two-wheeler is now more accessible than ever.
The Two Wheeler Loan EMI calculator helps you estimate your monthly instalments. Just enter your preferred loan amount, interest rate, and tenure to calculate your EMI. This tool ensures you plan your finances wisely before applying for a loan for a bike in Gurgaon.
Calculate your EMIs for better financial management
Preferred loan amount
Interest rate (per annum)
Loan tenure (months)
Estimated EMI
per monthInterest payable
₹52,41, 690The Two Wheeler Loan interest rate in Gurgaon starts from 8% per annum*, based on the following factors:
A good CIBIL score may help secure a better rate and flexible terms.
| Type | Criteria |
|---|---|
| Residency | Indian resident |
| Age requirement | 21 Years to 65 years |
| Profession | Salaried or self-employed Individuals |
| 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) |
List of all fees and charges for Two Wheeler Loan
| Type | Interest Rate and Charges |
|---|---|
| Processing Fees | Regular and Royal Enfield- 2% of the loan amount or ₹ 5,000 whichever is lower + applicable taxes Superbikes – 1.5% of the loan amount or ₹ 6,000/- whichever is lower + applicable taxes |
| Documentation and repayment setup fee | ₹ 1,750/- + applicable taxes |
| Facilitation Fee | Up to 2% of loan amount + applicable taxes |
| 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 |
| Repayment instrument swap charge (per swap) | Rs. 500/- + applicable taxes (applicable only for branch walk-ins) |
| Charges for documents like Statement of
Account/Repayment Schedule /Foreclosure Letter & Welcome Kit | Nil |
| Statement or document retrieval charges | Duplicate NOC: ₹ 500/- + applicable taxes (Charge is applicable post 3 free copies) |
| 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 |
| Statement or document retrieval charges | Duplicate NOC: ₹ 500/- + applicable taxes (Charge is applicable post 3 free copies) |
| Loan Cancellation fee | Rs. 2000/- + applicable taxes |
| Legal fees and charges | Up to ₹ 30,000/- + applicable taxes |
| Recovery charges | Up to ₹ 15,000/- + applicable taxes |
| Auction fees | Up to 1% of auction sale amount + applicable taxes |
| RC non submission charge | ₹ 1,000/- per month post 120 days + applicable taxes |
| Field collection service charge | ₹ 500/- per collection + applicable taxes |
Apply for Home 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
You need an ID proof, address proof, and income proof for a Two Wheeler Loan in Gurgaon, based on the loan amount.
The maximum repayment tenure available is up to 60 months*, depending on the loan amount and borrower profile.
No, a guarantor is not required if you meet the eligibility and documentation criteria for the loan.
Yes, eligible applicants may get up to 100%* financing, allowing for zero down payment depending on the vehicle type and credit score.
Yes, foreclosure charges are 5% of the outstanding principal amount plus applicable taxes.
Loan approval typically takes a few working hours* after eligibility check and successful document verification at the dealership.
The Two Wheeler Loan interest rate in Gurgaon ranges from 8%* per annum, based on your credit profile and loan amount.
Yes, L&T Finance offers Two Wheeler Loans for electric bikes and scooters with the same features and digital process.
A good CIBIL score is generally preferred for better loan terms and easier approval.
You must be an Indian resident aged between 21 to 65 Years with a regular income as a salaried or self-employed individual.
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