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L&T Finance Personal Loan, Interest rates from 12%

L & T Finance offers personal loan upto 7 lakhs with interest rates from 12% for salaried and self-employed people.


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L&T Finance Personal Loan

L & T Finance offers personal loan for you to fulfil your short term emergencies and needs. Get a loan upto 7 Lakhs with zero paperwork. Apply for personal loan today and start financing your aspirations

Features of L & T Finance Personal Loan

Maximum Loan Tenure

Get to repay the personal loan you’ve taken over tenure from 12 months to 48 months

Low Interest rate

L&T offers personal loan at a low interest rates starting from 12%

Completely Digital

The whole loan process is digital and seamless without any unnecessary paperwork


Personal Loan available for both salaried and self-employed professionals

No Income Proof

Get a loan without having to provide produce any income proof

No Collateral/Security

Apply for L& T Consumer loans without having to submit any collateral

Loan Amount

Get loans sanctioned from Rs. 70000 to 7,00,000 easily in few minutes


Eligibility criteria for Personal Loan at L & T Finance

  • Age between 23-58
  • Monthly Income of Rs. 20000 atleast
  • Minimum one year of experience
  • Credit score of 700 and above
  • Salaried and Self-emlployed
  • Indian citizen with valid ID proof

Charges in L & T Finance personal loan

Interest ratesFrom 10.99% to 29%
Loan Processing ChargesUpto 2% of Loan amount + taxes
Late Payment charges3% per month on Overdue EMI
Repayment bounce charges 350 + (Plus applicable tax)
Loan cancellation charges2% or Rs. 5750 (whichever is higher
Part Payment chargesUpto 5% of the prepaid amount + taxes upto 25% allowed twice in the year
Foreclosure charges5% of the principal outstanding at the time of foreclosure
Loan Tenure12 months – 60 months
Duplicate NOC chargesRs. 250 + taxes
Repayment swap chargesRs. 500 + taxes

Documents required for L & T Finance Personal Loan

  • Application form with recent Photograph
  • Proof of Identity and Proof of Residence: Self-attested Physical Photocopy or Digitally procured copy of Driving License, Passport, Voter’s ID and Aadhar Card 
  • Self-attested copy of the PAN Card
  • Income Proof Documents: Salary Slips for the last 3 months/Form 16
  • Bank Statement: Latest 3 months’ Salary Credit Bank Statement
  • Latest ITR returns

How to Apply for an L & T Finance Personal Loan?

  • Visit https://www.fincover.com/banking/loan/personal/ and select L & T Finance
  • Enter all the required information as requested and Submit your personal loan application
  • Check if your personal loan is approved with the reference no provided
  • If approved and verified, the loan will disbursed in few days
Personal Loans by Bank
Key features of L&T Finance personal loan are completely digital, quick disbursal, no security required, along with minimal documentation
The starting interest rate for Personal loan at L& T Finance is 12%
Aadhar Number, Pan Number, Current address proof & bank details
You are allowed to make a maximum of 25% of loan amount as a part-payment twice in a year. Once you have completed 6 tenures of your EMI, you can go for foreclosure.