L&T Finance Holdings Ltd. (LTFH), one of country’s leading non-banking financial companies unveiled its new Super Bike Loans offering, designed specifically for enthusiasts seeking the exhilarating experience of riding the latest cutting-edge motorcycles.
LTFH Super Bike Loans provides a broad selection of financing alternatives designed to meet the different demands of riders, whether they are seasoned veterans or beginners to the world of motorcycles. Furthermore, the loans are available at affordable interest rates, with flexible payback options and tailored customer support to provide customers a smooth and hassle-free experience.
Commenting at the launch, 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 elements of LTFH’s Super Bike Loans service include:
Competitive interest rates: The loan is available at competitive interest rates starting at 5.99 percent for a term of up to 60 months. And it will be available digitally and through all Original Equipment Manufacturers (OEMs) across the country. Notably, self-employed customers will not be charged a surcharge.
Easy application process: Customers only need to supply their banking information, and LTFH will obtain the relevant information digitally, making the entire journey paperless and hassle-free. Furthermore, the loan application turnaround time (TAT) is less than 24 hours, compared to the industry average of 6-8 days.
Personalised Customer Service: Experienced personnel dedicated to providing personalised help and guidance will be available in key OEM locations. These professionals will assist customers in locating the best financing option for their specific requirements.
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