LT Finance Limited Introduces Enticing Two-Wheeler Finance Plans for the Festive Celebrations
L&T Finance Ltd. (LTF), a leading Non-Banking Financial Company (NBFC) headquartered in Mumbai, has announced the launch of three new loan offerings for Two-wheeler Finance customers: No Cost EMI, Prompt Payment Rebate, and EMI Lite Festive scheme.
The new schemes aim to drive a substantial surge in demand and strengthen LTF's leadership position in the Two-wheeler Finance segment, according to Mr. Sudipta Roy, Managing Director and CEO at LTF.
Under the No Cost EMI scheme, customers can finance their purchase without incurring interest charges on the loan amount, with only a nominal documentation fee. On the other hand, the EMI Lite Festive scheme allows customers to pay only the interest portion of their EMI for the first two months of the loan term, with no principal amount included in their monthly payment during this initial period. The Prompt Payment Rebate scheme offers a waiver of the final EMI upon successfully repaying the EMIs for 35 months through central clearance for customers who select a minimum repayment tenure of 36 months.
LTF has a customer base of over 75 lakh customers in urban India and a network of over 10,000 sourcing points. The company has received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers. LTF has also been certified as a Great Place To Work.
To promote these two-wheeler finance schemes, LTF has launched an Integrated Marketing Campaign (IMC) leveraging a mix of media buyouts across 13 markets in the country, including Ahmedabad. The company has also introduced a TV commercial (TVC) titled 'Just Zoom Two-wheeler Loans' featuring its brand ambassador, Jasprit Bumrah.
Customers can stay updated with the latest news and offers from LTF by following the company on its social media handles, which include Facebook (www.facebook.com/LnTFS), Linkedin (www.linkedin.com/company/lntfinance), Instagram (www.instagram.com/lntfinance), and YouTube (www.youtube.com/user/ltfinance). The company's website is located at www.LTFINANCE.com.
S&P Global Ratings has upgraded LTF's long-term Issuer Credit Rating to "BBB/Stable" from "BBB-/Positive". Fitch Ratings has assigned LTF Long-Term Foreign and Local-Currency Issuer Default Ratings of "BBB-" with a Stable outlook. LTF has been rated 'AAA' by four domestic rating agencies.
These festive schemes will be valid for customers availing loans until November 30, 2025. LTF continues to offer the best interest rates to deserving customers and provides a quick turnaround time of 5 minutes to decide on a loan, aided by a best-in-class digital process. With these new offerings, LTF aims to make two-wheeler financing more accessible and affordable for its customers.
