L&T Finance Holdings subsidiary, L&T Finance Limited on Thursday has launched ‘Sabse Khaas Loan’ scheme for financially prudent customers who believe in spending their money smartly and taking responsible borrowing decisions.

The scheme not only provides hassle-free and low-cost finance for two-wheelers, but also eliminates the need for hypothecation of vehicle to the financier over the tenure of the loan, the company said in a statement. 

The borrowers can choose from 3 different EMI tenures – 6, 12 and 18 months – with interest rates between 7.99 per cent and 8.99 per cent.

Sunil Prabhune, 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. They will not only receive hassle-free and quick disbursements of the loan, but also get lower interest 

Currently, two-wheeler financiers transfer the title of the vehicle to the customer only when the entire loan amount is repaid. This leads to additional paperwork and puts financial burden on the customer. 

According to the company, this scheme removes the financier’s charge on the vehicle, thereby saving time, effort and money of the customer.About Larsen & Toubro (L&T): 
Founders: Henning Holck-Larsen, Soren Kristian Toubro 
Headquarters: Mumbai