L&T Finance launches Super Bike Loans at competitive interest rates starting at 5.99 percent per annum

PUNE, March 21, 2024: L&T Finance Holdings Ltd. (LTFH), one of the leading Non-Banking Financial Companies of the country, is thrilled to announce the official launch of its new Super Bike Loans offering, designed specifically for enthusiasts who wish for the exhilarating experience of riding the latest cutting-edge motorcycles.

LTFH Super Bike Loans offer a comprehensive range of financing options designed to cater to the diverse needs of the riders whether they are seasoned veterans or newcomers to the world of motorcycling. Additionally, the loans are offered at competitive interest rates, with convenient repayment terms, and personalised customer service to ensure a seamless and hassle-free experience for customers.

Commenting at the launch, Mr. Sanjay Garyali, Chief Executive – Urban Finance at LTFH said, “We are delighted to announce the launch of our Super Bike Loans, designed to enhance accessibility to high-performance motorcycles for enthusiasts nationwide and ignite their passion for riding. At LTFH, we understand that owning a high-performance motorcycle isn’t just about transportation and is a lifestyle choice, passion, and statement of individuality. Our loans will be available for any make or model, ensuring customers across the country can benefit from this opportunity. We foresee significant growth potential in the Super Bike segment, fuelled by improvements in road infrastructure and increased consumer purchasing power. Super Bike is a lucrative business segment, and we expect it to witness a CAGR of 15-18 percent over the next 3-5 years. Additionally, while our offering is available across the country, we anticipate markets such as Mumbai, New Delhi, Kolkata, Pune, Hyderabad, Chennai, and Kochi to generate heightened demand for our offering.”

Key features of LTFH Super Bike Loans offering includes:

  • Competitive interest rates:The loan can be availed at competitive interest rate starting from 5.99 percent with a tenure of up to 60 months. And will be available not only digitally but across all the Original Equipment Manufacturers (OEMs) from across the country. Notably no premium will be charged to self-employed customers.

  • Easy application process:Customers need to only provide their banking details and necessary information will be availed by LTFH digitally, making the entire journey paperless and hassle-free. Furthermore, the Turn-Around-Time (TAT) for availing the loan is below 24 hours as against the industry average of around 6-8 days.

  • Personalised Customer Service:Experienced professionals dedicated to providing personalised assistance and guidance will be available across top OEM locations. These professionals will help customers find the perfect financing solution for their needs.