Double Festive Treat For Two-Wheeler Buyers! L&T Finance Rolls Out Easy Bike Loans Post GST Price Cut

A lot of people are planning to buy two-wheelers in the coming days after the revision of vehicle rates post the implementation of Goods and Services Tax (GST) rate cut. L&T Finance, on Wednesday, launched three new loan offers for the purchase of two-wheelers.

L&T Finance has introduced three new loan schemes to boost the festive season buying spirit. These two-wheeler loan schemes have key features like no-cost EMI, prompt payment rebate, and exemption from principal amount payment in the initial instalments. Here are all the details you need to know:

No Cost EMI-Scheme

As the name suggests, the 'No Cost EMI Scheme' for two-wheeler loans will let borrowers pay only for their purchase. Two-wheeler buyers would not be required to pay interest charges on the loan amount. They would be required to pay nominal documentation charges.

Prompt Payment Rebate

The Prompt Payment Rebate scheme offers an additional advantage of waiver of the final EMI if customers repay the EMIs for 35 months through central clearance. The new loan scheme provides a waiver of the final EMI for those choosing a repayment term of at least 36 months, provided they pay 35 EMIs on time through central clearance.

EMI Lite Festive Scheme

The EMI Lite Festive loan offer is available is another scheme that allows people to enjoy their newly bought two-wheeler in 2025 and pay for it in 2026. The scheme allows customers to only pay for the interest portion of their EMI for the first two months of the loan term, with no principal amount included in their monthly payment during this initial period.

Double Delight Ahead of Festive Season

The special two-wheeler loan schemes complement the heightened festive season spirit after the GST Council approved a GST rate cut on a range of items, including vehicles. The revised GST slabs and reduced rates will be implemented from September 22.

GST on cars and vehicles (selected range) will be reduced from 28% to 18%. Most of the car and two-wheeler manufacturers have announced to pass on the reduced GST rate cut benefit directly to customers. Hence, maximum number of vehicles will see a major price cut after September 22. Special loan schemes for vehicle buyers are likely to catalyse the consumption during the festive season.

"With over 75 lakh customers served in urban India, we have a profound understanding of the market's needs. This allowed us to craft a spectacular array of enticing two-wheeler loan offerings that truly benefit our potential customers. Supported by our well-diversified footprint and a network of over 10,000 sourcing points, we are confident that customers will seize this exceptional opportunity to own a two-wheeler and fulfill their aspirations with us as their preferred financier," noted Jinesh Shah, Chief Executive - Urban Secured Assets & Third-Party Products at LTF.

The festive schemes are available until November 30, 2025. LTF also provides competitive interest rates to eligible customers and ensures quick loan decisions within five minutes through an efficient digital process that requires no physical documents.