L&T Finance Holdings (LTFH), a prominent Non-Banking Financial Company (NBFC) in India, has unveiled its latest offering – Super Bike Loans, targeting motorcycle enthusiasts seeking the thrill of riding cutting-edge motorcycles. With funding options of up to Rs 20 lakh and competitive interest rates starting at 5.99 percent per annum, the Super Bike Loans are poised to cater to the diverse needs of riders across the country.
The Super Bike Loans from LTFH are designed to provide a hassle-free financing experience, ensuring convenience and accessibility for both seasoned riders and first time buyers. Customers can expect competitive interest rates, flexible repayment terms of up to 60 months, and personalised customer service to guide them through the process seamlessly.
Sanjay Garyali, Chief Executive - Urban Finance at LTFH, speaking on the announcement said “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 the LTFH Super Bike Loans include a tenure of up to 60 months, and availability across all Original Equipment Manufacturers (OEMs) nationwide. The application process is streamlined and paperless, with a quick Turn-Around-Time (TAT) of below 24 hours, significantly shorter than the industry average. Additionally, customers can benefit from personalised assistance and guidance from experienced professionals available at top OEM locations, ensuring a tailored financing solution to meet their needs.