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
Eligibility
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 rates | From 10.99% to 29% |
| Loan Processing Charges | Upto 2% of Loan amount + taxes |
| Late Payment charges | 3% per month on Overdue EMI |
| Repayment bounce charges | 350 + (Plus applicable tax) |
| Loan cancellation charges | 2% or Rs. 5750 (whichever is higher |
| Part Payment charges | Upto 5% of the prepaid amount + taxes upto 25% allowed twice in the year |
| Foreclosure charges | 5% of the principal outstanding at the time of foreclosure |
| Loan Tenure | 12 months – 60 months |
| Duplicate NOC charges | Rs. 250 + taxes |
| Repayment swap charges | Rs. 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
NBFCs
- Rs.50 lakh Personal Loan
- Rs.40 lakh Personal Loan
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