For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

L&T Finance Launches Hypothecation-Free New Two-Wheeler Loan Scheme

|

L&T Finance, a subsidiary of L&T Finance Holdings, has introduced a new two-wheeler loan scheme under the offer 'Sabse Khaas Loan'. The hassle-free loan is free from hypothecation and as per the company comes with lower interest rate charges than market rates.

L&T Finance Launches Hypothecation-Free New Two-Wheeler Loan Scheme
 

Unique feature of L&T Finance Two-wheeler loan

In the offer, the usual hypothecation of the vehicle to the financing company for the term of the loan is done away with. The interest rate for such a loan is between 7.99-8.99% and borrower has an option to choose from 3 tenures i.e. 6, 12 and 18 months.

In two-wheeler financing, the title to the asset is transferred to the customer only upon full repayment of loan and this increases cost, effort and involves time. While, two-wheeler loan from L&T Finance frees customer of such charges.

The company's two-wheeler loan segment differentiates itself from market players on grounds of paperless onboarding, faster turnaround time and algorithm-based credit decisions.

On the launch of the product, company's Chief Executive-Rural Finance & Group Head-Digital, IT and Analytics said, "Sabse Khaas Loan is our way to appreciate and reward borrowers who are financially responsible and spend their money wisely. Borrowers will not only receive hassle-free and quick disbursements of the loan but also get lower interest rates and save on fees."

GoodReturns.in

Story first published: Saturday, June 1, 2019, 15:09 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more