Two Wheeler Loan in Indore

Indore is a bustling city with an increasing demand for personal mobility. Whether you want to purchase a scooter under ₹ 1 Lakh or explore bikes under ₹ 1.5 Lakh and above, L&T Finance provides a trusted and accessible Two Wheeler Loan in Indore. With flexible EMI options, minimal paperwork, and a digital-first approach, L&T Finance ensures that residents of Indore can easily ride home their dream two-wheeler, be it electric, commuter, or a superbike.

Features & Benefits of Two Wheeler Loan in Indore

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 bike 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 Indore

Before applying, you can check your estimated monthly instalment using the Two Wheeler Loan EMI calculator . This helpful tool lets you enter the loan amount, interest rate, and tenure to see how much EMI you'll need to pay. You can easily plan your Bike Loan in Indore using this online calculator.

Current Two Wheeler Loan Interest Rates in Indore

The Two Wheeler Loan interest rate in Indore starts with EMI as low as ₹ 2199 per Lakh* with L&T Finance . Your final rate will depend on:

Credit score and financial profile
Loan amount and selected tenure
Bike model and category
Employment type and income stability

A good credit history with a good CIBIL score can help you get a lower interest rate and faster approval.

Eligibility Criteria for Two Wheeler Loan in Indore

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 Indore

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 Indore

List of all fees and charges for Two Wheeler Loan

Type	Interest Rate and Charges
Processing Fees	Up to 2% of the loan amount + 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