Two Wheeler Loan in Surat

Surat, a fast-growing city known for its textile and diamond industries, also leads in personal mobility. Whether you are looking for a scooter under ₹ 1 Lakh or exploring bikes under ₹ 1.5 Lakh or above, L&T Finance makes owning your dream two-wheeler affordable and hassle-free. With a competitive interest rate, the Two Wheeler Loan in Surat offers up to 100%* financing, simple documentation, and flexible repayment, tailored to your lifestyle and budget.

Features & Benefits of Two Wheeler Loan in Surat

Features	Details
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 for Two Wheeler Loan in Surat

The Two Wheeler Loan EMI calculator helps you estimate your monthly instalments with ease. Just enter your preferred loan amount, interest rate, and repayment tenure to get a quick idea of your EMI and interest payable. It's a useful planning tool for both salaried and self-employed individuals in Surat.

Current Two Wheeler Loan Interest Rates in Surat

The Two Wheeler Loan interest rate in Surat starts with EMI as low as ₹ 2199 per Lakh* with L&T Finance. It depends on various factors:

Credit score
Bike type and cost
Loan amount and tenure
Employment status
Income level

For example, if your CIBIL score required for Two Wheeler Loan is 700 or above, you may get better rates and flexible terms.

Eligibility Criteria for Two Wheeler Loan in Surat

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 Surat

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 Surat

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 Charge (LPC)	0 to Rs 1500/-
Penal Charge/Late Payment Charges (LPC):	2% per month (p.m.) on overdue EMI*
	*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 April 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)
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	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	Field collection service charge ₹ 500/- per collection + applicable taxes

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

Competitive interest rates and flexible tenure options
Quick loan processing with minimal documentation
Option to finance commuter, electric or superbikes
Personalised support via local dealerships
Loan disbursal directly to the dealer for a seamless purchase

How to Apply for a Two Wheeler Loan Online in Surat ?

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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What is the eligibility criteria for applying for a Two Wheeler Loan in Surat?

You must be an Indian resident aged between 21 to 65 Years, with a stable income as a salaried or self-employed individual.

What is the minimum CIBIL score required to get a Two Wheeler Loan in Surat?

A good CIBIL score is recommended for better approval chances and interest rates. However, new to credit customers who do not have a CIBIL score are also eligible.

What is the interest rate for a Two Wheeler Loan in Surat?

The Two Wheeler Loan interest rate in Surat starts with EMI as low as ₹ 2199 per Lakh* and may vary based on credit profile, loan amount, and bike type.