L and T Finance

The organization provides both business vehicle loans and personal. The auto loans are offered to people who want to purchase a bike, car or scooter. The industrial auto loans are offered for small, heavy, medium and light industrial motor vehicles. L&T Finance car and truck loans have repayment tenures, attractive rates of interest and also other features which make sure they are popular among customers around the nation.

L&T Finance Car Loan Eligibility

The eligibility requirements for L&T Finance car-loan are as follows.

• The candidates must present their KYC-related info and due to the co-borrowers (incase of joint software ) according to the instructions supplied by RBI.
• When the tenure of the loan finishes, the candidates should be aged sixty five years or below.
• The candidates should be aged 18 and above when using to your loan.

Documentation required for L&T Finance Car Loan

The documents required for applying for L&T Finance car loan are as follows.

For salaried individuals:

• Income proof: pay slips for the last 2 months along with ITR

• Bank statements for the last 6 months

• Property proof

• Form 16

• Identity Proof: Driving License, Passport, Voter's Identity Card, PAN Card, photograph with signature across and duly notarised for self-affidavit

• Age Proof: PAN card, Passport, Driving License, Voter's Identity Card

• Address Proof: Latest landline telephone bill, electricity bill or bank statement / passport

For self-employed individuals:

• Income proof: Profit and loss statement of the business or ITR

• Bank statements for the last 6 months

• Property proof

• Business establishment proof

• Identity Proof: Driving License, Passport, Voter's Identity Card, PAN Card, photograph with signature across and duly notarised for self-affidavit

• Age Proof: PAN card, Passport, Driving License, Voter's Identity Card

• Address Proof: Latest landline telephone bill, electricity bill or bank statement / passport

For farmers:

• Proof of income

• Documents related to agricultural land

• Identity proof, age proof and address proof (same as salaried and self-employed individuals)

  Features and Benefits of L&T Finance Car Loan

• The car loan from L&T Finance is available for a wide range of vehicles manufactured by various automakers.

• The minimum loan amount offered is as high as Rs 1 lakh.

• The loan comes with a flexible repayment tenure of maximum 5 years.

• The customers can take advantage of various loan schemes and opt for a loan that suits their needs.

• The loan application process is very transparent and does not involve any hidden charges.

• The loan-to-value ratio is high and the loan amount covers a large percentage of the cost of the vehicle.

FAQs

1. Is there any collateral security required for the loan?

No, you do not need to provide any collateral security.

2. What is the minimum tenure available with L&T car loan?

The minimum tenure of the loan is 1 year.

3. How can I make the EMI payments for the loan?

You can make your EMI payments through cheques (post-dated), direct debit or electronic clearing service (ECS).

4. After I submit the documents, how long will it take for the loan to be disbursed?

It takes around 1-2 business days for the loan to be disbursed after the documents are submitted.

5. Whom do I contact if I have any questions about the loan offer?

If you have any questions about your L&T car loan offer, you can get in touch with the customer care team of L&T Finance.