Quickest Turn-around-Time (TAT) in the industry
Finance available for salaried and self-employed
Upto 95% funding of the on-road price*
Loan tenure up to 4 years
Competitive interest rates and schemes to suit your needs
Simple documentation process
Avail Loan without Income Proof*
Personalised service
Pan India branch network
We all like to go places, at our own pace, on our own. At L&T Financial Services (LTFS) we believe that the same philosophy applies when it comes to delivering value for our customers and investors. It has driven us to build a portfolio of services that caters to the needs of every Indian customer across the length and breadth of the country, through an ever-expanding network of branches. We have transformed our professional management and customer-friendly service to assure our customers of one thing – our focus towards delivering happiness during their journey of life.
Eligibility Criteria
Age requirement: 18 years - 65 years (For customers with Age below 21, a co-applicant is a must)
| Borrower |
Documents |
|---|---|
| No income proof |
KYC document, residence proof* 2 cheques in case of paper Mandate |
| Income proof |
KYC document, residence proof, Bank statement/ Passbook with 6 months transaction* 2 cheques in case of
paper Mandate |
Interest Rate
Interest rate starting at 7.99%*
*Based on the profile and credit worthiness of the borrower
| Charge Type - Two Wheeler |
Details |
|---|---|
|
Processing fee |
Nil* |
|
NACH charge |
0 to Rs 1500/- |
|
Late payment interest |
3% per month on overdue EMI |
|
Repayment bounce charges |
Rs 350/- no taxes |
|
Prepayment /Foreclosure charges |
Upto 5 % of prepaid amount + applicable taxes |
|
Legal /Recovery /Repo /Parking & other charges |
As per actuals |
|
Duplicate NOC charges |
Rs 250/-+ applicable taxes |
|
Repayment swap charges ( per swap) |
Rs 500/- + applicable taxes (applicable only for branch walk-ins ) |
|
SOA/RPS /FC letter & other documents |
Nil |
