A two-wheeler loan helps you purchase a bike of your choice, and pay for it in equated monthly instalments (EMIs).

An EMI stands for equated monthly instalment. The instalment comprises of two components principal and interest. EMI’s provide you with ease and benefit of paying back your loan amount over a long period of time via fixed monthly payments.

• Quickest Approval TAT in the industry

• Simple documentation process

• Competitive Interest Rates & schemes to suit your needs

• PAN India branch network

The maximum loan tenure is up to 4 years

You can borrow up to 95% of On-Road Price of the vehicle (subject to applicable terms & conditions). Exact percentage would depend upon the loan amount, your credit score and eligibility.

The late payment fee is 3% on overdue EMI.

Special schemes are available from time to time. Get in touch with a L&T finance representative at any dealership to get information on the latest schemes and offers.

Yes, you can prepay your loan amount with charges up to 5% of prepaid amount + applicable taxes.

Login with your registered mobile number on Planet App / Website and get all your loan related details. Visit https://planet.ltfs.com

You will get real time status update on your registered mobile number for each step of the way. You can also download & login to our Planet App to get the details.

You can repay your two-wheeler loan with a range of options. This includes eNach (Net Banking, Debit Card, AADHAR, UPI), physical mandate through post-dated cheques, direct bank transfers, online payment through L&T Finance website. You can also repay through cheque & cash by visiting your nearest L&T Finance branch.

Online
Apply online through our website
Phone
Our customer support team is happy to help you, call us on customer care number at 18002680000 from 9 am to 6 pm Monday to Saturday. You can request a call back too.
Branch
Walk into your nearest branch/dealership and meet L&T Finance representative to apply for the Loan.

No. You only have to submit your KYC documents along with bank details for loan approval

You can get a two-wheeler loan approved in a minute, provided all the documents are in place

We offer a competitive interest rate starting 7.99%.

The age requirement is 18 years to 66 years.

L&T Finance Complete Home Loan provides a complete solution for homeowners, offering home decor finance, a dedicated relationship manager, and a digitized process. Designed with convenience and personalized assistance in mind, it caters to the specific needs of homeowners who prioritize efficiency and convenience in their home loan experience.

The digitized process, known as Xpress Home Loan, is a Do It Yourself (DIY) Customer loan Onboarding journey where customers can complete the entire process online, from application to loan disbursement. Aimed at new home buyers seeking fresh home loans or balance transfers, including both under-construction and ready properties, this streamlined process is currently available for Salaried Customers. Apply Now or Call us on 9004555111.

A dedicated relationship manager for a home loan plays a crucial role in enhancing the customer service experience for borrowers. They act as the primary point of contact between the borrower and the financial institution, providing personalized service and expert guidance during the process of securing a home loan. They offer tailored assistance, address queries, and ensure a smooth and efficient journey for the borrower.

We shall intimate such changes in EMI as and when there is a change. Please note that the new loan EMI would be dependent on the number of years that are remaining for your loan and your rate of interest. Please contact your home loan servicing branches for more information on the exact EMI.

All loan repayment are done via equally monthly instalments.

There is fixed component of login fees of 4999/- non-refundable (exclusive of service tax) along with processing fees:

Minimum processing fee for Home Loan is 0.25% plus taxes for salaried.

Minimum processing fee for Home Loan is 0.25% plus taxes for self employed.

Though this may vary from case to case basis depending upon customer profile

LTF assesses a customer's repayment capacity based on various criteria - including income, age, qualifications, number of dependents, spouse's income, assets, liabilities, stability and continuity of occupation, savings history, etc.

Repayment tenure is the tenure for the number of year for which the loan gets sanctioned. We offer you a wide range of options for the tenure of the loan. You can take a home loan for up to 30 years provided you do not reach more than the age of 62 years or retire within that period for salaried borrower. You can take a home loan for up to 20 years provided you do not reach more than the age of 70 years or retire within that period for Self employed borrower.

Yes, you can always go ahead with this option, in which your complete EMI charge to you will be of total sanction loan. In which the Interest portion will be charged on the partly disbursed amount to you & Rest will be Principal portion.

The total interest payable by you i.e. inclusive of the interest amount would qualify for deduction under Section 24 for Income Tax purpose up to overall limit of ₹ 2,00,000. So you will continue to enjoy the tax benefits.

Principal repayments would qualify for deduction from taxable income under Section 80C up to overall limit of ₹ 1,50,000/-. According to the Finance Budget 2014, those availing a Home Loan in the Financial Year 2014 - 2015 are eligible for an additional deduction of ₹ 1 Lakh from the Gross Annual Income in addition to the deductions mentioned above subject to the following conditions:

Please refer to our SFC – Schedule of Fees and Charges.

Please refer to our SFC – Schedule of Fees and Charges.

It is not possible for us to predict future interest rate movement.

You may apply for the same at the nearest branch OR call our customer care number.

The Home loan floating rate of interest is linked to L&T finance retail prime lending rate (RPLR) .The RPLR is a benchmark rate fixed by the Competent Authority, after taking into consideration various components like cost of funds, interest rates prevailing in the market, cost of operations and provisioning requirements etc. among others. The RPLR is 18.10%. The same is subject to change from time to time.

Top Up loan will be at a rate different than the original home loan rate. For further clarification please contact our call centre.

Top Up loan computation is subject to the customer's current credit profiling, repayment track record and the current valuation of the property. Kindly get in touch with our Sales Representative for further details.

You could get additional loan in your existing loan subject to your repayment history and credit norms of the company. Kindly get in touch with our Sales Representative for further details.

One should seek clarifications regarding the fees for processing the Loan, prepayment charges, spread, i.e., the difference between the RPLR and the rate actually charged on the Loan, charges for conversion from one loan rate structure to the other and the reset period clause for the floating rate Loans.

In terms of Chapter XX C of the Income Tax Act, 1961, the Central Government has the first option to purchase certain immovable properties exceeding certain value and as such transactions covered by this Chapter can be proceeded with only after complying with the requirements prescribed therein.

In many states in India, the Agreement for Sale between the builder and the purchaser is required by law to be registered. You are advised, in your own interest to lodge the Agreement for Sale for registration within four months of the date of the Agreement at the office of the Sub-Registrar appointed by the State Government, under the Indian Registration Act, 1908.

Yes, you will have to insure property for fire and other appropriate hazards, as required by the lender during the Loan tenure. The lender will be the beneficiary of the insurance. You will also have to produce proof / evidence, whenever required by the banks.

The security for the Loan is a first mortgage of the property to be financed, normally by way of deposit of title deeds and / or such other collateral security as may be necessary.

Interim security may be additionally required, if the property is under construction. Collateral or interim security could be assignment to LTF of life insurance policies, the surrender value of which is at least equal to the Loan amount, guarantees from sound and solvent guarantors, pledge of shares and such other investments that are acceptable to LTF.

Please do ensure that the title to the property is clear, marketable, and free from encumbrance. To elaborate, there should not be any existing mortgage, loan, or litigation, which is likely to affect the title to the property adversely.

There is one part pre-payment option available for each quarter.

Yes, Home Loan customers, for floating Rate of Interest can repay the Loan ahead of schedule by making lump sum payments or choose our Part Pre-payment Option at charges as per fee mentioned in SFC.(Schedule Fee & Charges).

Yes. A co-applicant is mandatory for availing home loan.

For Home Loan: If the loan amount is less than or equal to ₹ 30 lacs, it is the minimum of [90% of COP (Cost of Property) or 85% of market value] and if the loan amount is greater than ₹ 30 lacs, it is the minimum of [80% of COP (Cost of Property) or Market value].

The tenure should be a minimum of 3 years. For Home Loan, the tenure is up to 25 years and for LAP the maximum tenure is upto 15 years depending on customer profile.

3 Yrs in same line of business For Self employed non professional, CS, CWA, Engineer, Architects, BAMS, BHMS, BDS - 5 Yrs in same line of business.

The minimum loan amount for HL is ₹20 lacs and for LAP it is ₹25 lacs. For Balance Transfer corresponding limits will apply. Maximum loan amount is subject to credit appraisal.

Age of 23 years and upto 62 years on loan maturity for Salaried, 25 years and upto 70 years on loan maturity for Self employed non professional and professional.

The first PEMI is payable by cheque by the 7th of the month in which the disbursement is made and each subsequent PEMI at the 7th of every month through ECS facility till the commencement of EMI.

In the case of part disbursement of the loan, monthly interest is payable only on the disbursed amount. This interest is called pre-EMI interest (PEMI) and is payable monthly till the final disbursement is made, after which the EMIs would commence.

Tenure change is the default option. From customer ease point of view, we understand that Tenure change remains the preferred method, but wherever required we might change EMI, we will intimate you on the necessary change in your EMI.

Our EMI payment cycle is the 7th of the month for fully disbursed cases.

We have direct debit instructions such as Electronic Clearing Services (ECS). There is no other option for paying EMI*. ECS is mandatory."

We are committed to giving the best in class service. We will ensure the fastest turnaround time for processing the loan is 6-10 working days ensuring faster TAT. Subject to complete documentation and due diligence.*

A Co-Applicant(s) is/are the Co-Owners of the property in respect of whom the financial assistance has been sought. However all co-applicants need not be co-owners. Usually co-applicants are: husband/wife, father/son, mother/daughter etc.

To increase your eligibility you can include other sources of income (Rent, dividend, agriculture income, bonus, monthly incentive) or you can also include a co-applicant income.

Age of 23 years and upto 62 years on loan maturity for Salaried, 25 years and upto 70 years on loan maturity for Self employed non professional and professional.

The different types of Home Loans available from LTF are as follows:
Home Purchase Loan: This is the most common loan for purchasing a flat/independent home
Home Construction Loan: This loan is available for construction of a new home
Composite Loan: Composite Loan is a loan given for purchase of a plot of land as well as for construction of a house on it
Home Improvement and Extension Loan: Home Improvement Loan is given for carrying out repairs and renovations in a house and home extension loan is given for expanding or extending an existing home. For example, addition of an extra room, an extra floor, etc.

Switching from the floating rate scheme to the fixed rate scheme and vice versa is permissible. A fixed rate customer can also reschedule the loan to a lower fixed interest rate when interest rates fall. Charges for changing from fixed to floating rates of interest is as per SFC (Schedule of Fees and Charges).

Home Loan can help you secure the home you've always wished for. Additionally, it can also allow you to renovate, refurbish or redo your home, exactly the way you want.

Home Loan can help you secure the home you've always wished for. Additionally, it can also allow you to renovate, refurbish or redo your home, exactly the way you want.

• Simplified Application Process

• Best Interest Rate

• Transparent Charges

• Doctor – 60 months

• CA – 60 months

• Non- professionals – 60 months

Based on your kind of business, income and repayment capability, you can get a loan upto ₹ 75 lakhs.

To avail a Business Loan, simply apply online or call 9158004777. You could also e-mail us at [email protected] or visit any of our branches.

The minimum business vintage required under SME is 3-5 years.

Real time status update on your registered mobile number for each step of the way.

You can run your business without any disruptions by just completing a simple and secure form which takes less than 10 minutes. Then upload the necessary documents and your loan will be approved within just minutes.

Online
Apply Now through our website.
Phone
Our customer support team is happy to help you, call us on customer care number at 18002680000 from 9 am to 8 pm Monday to Saturday. You can request a call back too.
Branch
Walk into your nearest branch and apply for a Business Loan.

We offer customized finance solutions to Small and Medium Enterprises as well as Professionals like Doctors, Chartered Accountants, ICWAs, who have their own Business or Practice.

Micro Loan is a financial service under Rural Business Finance aimed at providing small loans to women from low-income group and help them become self-reliant.

All the customers having active association with L&T Finance and paying their EMIs regularly are eligible for renewal of their Micro Loan.

You can pre-close your Micro Loan anytime with zero pre-closure charges.

The processing fee on L&T Finance Micro Loan is 1% on Loan Amount + applicable taxes

You can avail a loan amount of ₹30,000 to ₹1,10,000

Phone
Our customer support team is happy to help you. Call us on our customer care number at 18002680000.
Branch
Walk into your nearest branch and apply for a Loan.

Yes, Micro Loan at L&T Finance is collateral free.

The Micro Loan tenure ranges from 24 months to 36 months

At L&T Finance, Micro Loan is given only to women borrowers with an age of 20 years to 60 years.

• L&T Finance is one of the leading providers of Micro Loans in India
• Term loans through Joint Liability Group
• Simplified Application Process
• Easy monthly repayment

• Farm Mechanisation Loan
• Tractor Loan
• Agricultural Term Loan
• Loan for Allied Agricultural Activities
• Used Tractor loan
• Crop Loan
• Solar Pump Set Loan
• Agricultural Gold Loan
• Forestry Loan
• Horticultural Loan

A Top up loan meaning an extra loan is a financing option that is offered over and above the existing loan amount for products such as home loan and personal loan. The top-up loan is offered to customers who have an existing relationship with the lender, have a good credit score and have repayment ability.

The top-up loan is offered to customers who have an existing relationship with the lender, have a good repayment track, and have repayment ability.

Kisan Samriddhi is a pre-approved Implement loan provided to existing customers based on the payment track record of the customer. For purchase of Implements like Harvester, Rotavators that can be mounted over tractors for various agricultural operations.

The existing loan will continue and the customer can take the Kisan Samriddhi loan to purchase agricultural Implements. 

Interest rate depends on various factors usually varies from 20- 22%

24hr easy sanction facility

The first and foremost benefit of buying a used tractor is reduced operational costs, such as documentation costs. Speaking further, a used tractor comes loaded with all the necessary accessories, thus saving a major chunk of your money here as well

• Reduced operational costs
• Comparatively lower plunge in tractor’s price
• Quick and on large-scale available tractors

• Decide the Type of Tractor You Need
• Size of Farm
• Choose the Most Trusted Brand in the Market
• Check the Interior and Exterior
• Make Sure to Test Drive
• Proper Documentation
• Verify Dealer Support

• Swaraj 735 FE
• Eicher 364 SUPER DI
• Sonalika DI 740 III S3
• Mahindra 265 DI
• Escort 335
• Ford 3600
• Mahindra 595 DI TURBO

• Farm Size.
• Look for a Brand Name.
• Must Check the Tractor Thoroughly.
• Take a Test Drive Before Buying.
• Check Proper Documentation.
• Transfer Tractor Insurance Policy to New Owner.
• Check the Dealer Support.

Until you clear the outstanding loan amount, you cannot sell the tractor, you will need a no objection certificate from the bank with this noc, you can remove the hypothecation on the registration certificate

• Customised repayment option based on harvesting patterns
• Attractive interest rate @ 10.75 % *
• Technology-driven transparent processes
• No hidden charges
• Faster sanction and disbursement of loan
• Simple documentation
• Paperless journey

The age criteria is 18 years to 65 years of age.

The documents required are:

• Identity proof: Aadhaar card / PAN card

• Address proof: Voter's ID card / Driving License / Passport / Latest telephone bill (landline) / Latest electricity bill / Latest bank account statement

• Income proof: As per submissions made at the time of filing returns

• Other Documents: Agricultural land document, NACH/ECS Mandate, PDCs, etc

The interest rate for new tractor loan is 10.75%* and the processing fee is upto 1% of the loan amount + applicable taxes. *T&C Apply

Connect with our Branch ops team to update your address details.

Minimum loan amount offered is ₹ 1 lakh and Maximum loan amount is approval basis.

Loan tenure depends on various factors like LTV and customer's need. It can range from 5 – 6 years.

There is no minimum downpayment criteria. It completely depends on the customer.

48 hour quick disbursal

Monthly , quarterly , half yearly

Contact us on our Customer Care Number: 18002680000

A foreclosure charge, or prepayment penalty, is the extra amount that lenders charge you for closing the loan before the tenure is over. Many lenders generally have a lock-in period between one to two years, during which you can't foreclose the loan.

A Top up loan meaning an extra loan is a financing option that is offered over and above the existing loan amount for products such as home loan and personal loan. The top-up loan is offered to customers who have an existing relationship with the lender, have a good credit score and have repayment ability.

For existing L&T Finance customer, you do need a No Transfer of Ownership of the loan. The Asset age with a maximum of 10 years at the end of loan tenure.

When you're topping up a loan you have with your bank or lender, you're actually starting a new one. Most banks offer the option to take out a second loan alongside the option to top up an existing loan. Your new loan will be for the amount you had left to pay on your old one plus the amount you want to top up by.

Yes, You must have a clean repayment track record and there should be no overdue EMIs/ missed EMI payments. You should also have adequate loan repayment capacity. You should have a good CIBIL/credit score, as it points towards higher creditworthiness and a lower repayment burden.

Visit branch or coordinate with the FLS for cancelation of top – up loan

The process is very simple and the loan is disbursed instantly after the application. It is a completely paperless process.

Provide details about the size of landholdings and per acre yield

Eligibility for refinance loan depends on your CIBIL score

Late payment charges are based on the tenure and can be upto 2- 3%

The following documents are required:
• Identity / Address Proof: Agreement booklet
• Application Form: DD/ECS/NACH mandate
• RPF Loan Details: Disbursement Memo
• RC Copy: SPDC & Amendment to Loan Agreement

Existing customers of L&T Finance are eligible.

Visit branch or coordinate with the FLS for cancelation of top – up loan

The Lender has to bear some administrative costs while processing and sanctioning your loan so a minimal amount is charged as fee

a. Your Loan account number will remain the same and continue to be the point of reference for all your future communications by/with L&T Finance Holdings Limited.

b. The contractual terms of your Loan agreement will remain unchanged.

a. You would continue to have access to L&T Finance Holdings Limited self-service channels like WhatsApp, Chatbot, Website, IVR and mobile application post-merger. There will be no change in the contact numbers, URLs or QR codes to access these self-service channels.

b. You can login to the self-service channels or Mobile Application using your existing login credentials and password.

The Merger will not impact your loan. There will be no impact on repayment cycle of the loan. EMI will be processed as per the loan repayment schedule. Further, there is no change in terms and conditions and the applicable Interest rate will also remain the same. Changes (If any) will be duly communicated by SMS/Email.

There will be no change in the customer's branch location.

The merger will not have any impact on your EMI; it will remain unchanged.

As per existing process all servicing of loans is already enabled in our Digital Channels. Therefore, even after the merger, you can still visit our existing branch or use any of our digital channels for services pertaining to your loans.

No, there is no change in the existing ECS mandates or Post-Dated Cheques. All the previous documents will apply and there will be no hindrance in the loan operations.

All the existing loan applications will be processed as is and there will be no impact on the same. If there are any concerns or queries, you can reach out to us at [email protected]

There will be no change to the call centre contact numbers or emails ids. You can continue using our existing email ids and contact numbers.

No, presently, a customer does not need to re-submit any KYC documents. However, if a need arises for the new KYC documents, we will reach out to the customers and ensure a seamless experience in the updating process.

The Merger will not impact any of the existing customer documents except change on company name and details.

The Merger will not impact any of the existing procedures and processes.

The Merger will not impact any of the existing charges. Any change of charges will be duly communicated via a separate SMS/Email.

Yes, the PAN for L&T Finance Holdings Limited is AABCL5046R and shall apply to all your transactions.

Going forward, the TDS certificates should capture L&T Finance Holdings Limited and its corresponding tax details (PAN - AABCL5046R). Kindly note that TDS refund for Retail loans shall be granted only if the PAN-AABCL5046R is duly reflected in TDS certificates.

As the appointed date of merger is 1st April, 2023, TDS certificates provided by you under PAN - AACCA1963B of L&T Finance Limited for Q1 and Q2 of Financial Year 2023-24 to be revised to PAN-AABCL5046R of L&T Finance Holdings Limited.

GST certificates issued in the name of L&T Finance Holdings Ltd, Maharashtra state, will remain valid and there is no change in the same. Further there are 21 new GST registration numbers as per the Annexure 1 attached. The certificates for other states which will be required to do the transactions in those states which can be collected by sending email @ [email protected].

Further, GST certificates all the 24 states for L&T Finance Ltd. will be valid only till 3rd December 2023 i.e., these certificates will be valid for all invoices raised on L&T Finance Ltd. till 3rd December 2023.

No, the new versions will have the new name and the old versions continue with the old name. You can use both of them.