L&T Finance, an NBFC established in 2008 and headquartered in Mumbai, offers an EV loan with interest rates from 8.5% to 23%. The loan covers up to 100% of the vehicle's on-road price, with loan amounts from ₹50,000 to ₹20 lakh and tenure of 12 to 60 months.
The processing fee is 3%, structured as the lower of 3% or ₹7,500 for regular vehicles, capped at ₹12,000 for superbikes; the prepayment penalty is 5%. Documentation required includes PAN and ID proof, address proof, and bank statements (optional). Rate type, minimum CIBIL score, age limits, minimum salary, and employment type eligibility are not published for this product.
As published by L&T Finance. Your branch may ask for more.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.