How to get Personal Loan Online through L&T Finance

"Learn how to apply for L&T Finance Personal Loan online with ease. Get step-by-step guidance through our blogs and secure your funds conveniently."

6 mins read

Published: 10 August 2023

Updated: 19 September 2023

L&T Finance personal loan is an unsecured loan provided by L&T Finance through which they are helping people by providing them financial aid. The NBFC, L&T Finance is providing personal loans with no income proof to eligible applicants. The borrowers can take up to 7 lakhs of personal loans and can repay them in the tenure of 12 months to 36 months. 

Apply L and T Finance personal loan through their portal or through the financial services provider with that they had digital partnerships. You can get a personal loan instantly by filling up the form. In addition, you shall get to know the eligibility of a loan in two minutes with a few clicks. L&T Finance Personal Loan Online Apply and get disbursal with few clicks. Quench your financial thirst easily with L&T Finance instant personal loan. 

L&T Finance Online Personal Loan Eligibility Criteria

Mentioned below is the L&T Finance Personal loan Eligibility

1. Citizenship: Must be an Indian citizen

2. Age: Age of the applicant must be between 23 years to 58 years.

3. CIBIL Inquiry: Maximum 2 inquiries of CIBIL in a month

4. CIBIL Score: 725+ Credit Score

Documents required for Apply L&T Finance Personal Loan Online

1. PAN Card

2. Aadhar Card/ Voter ID

3. Banking Statement for the past three months.

4. Two latest months' salary slips

L&T Personal Loan Interest Rate

The interest rate for the personal loan starts from 11% P.A. Borrowers can apply for L&T Finance Online Personal Loan can be applied without income proof. You can get the L&T Finance Personal Loan instantly with a few clicks. Get your loan approved and disbursed in no time. 

L&T instant personal loan other fees and charges 

Get to know the fee and charges associated with the L&T Finance Personal Loan. 

Charge Type

Full Details

Processing Fee

2% + taxes

Part- Prepayment charges

Up to 5 % of the prepaid amount + taxes up to 25% twice a year

Foreclosure Charges

5% of the principal amount + applicable taxes

Late Payment Charges (interest)

3% monthly on the overdue EMI

Maintenance Charges (annually)


Repayment Bounce Charges

Rs.350 (any applicable taxes)

Legal/ Recovery Charges

As written in the legal loan form

Duplicate No Objection Charges

Rs. 250

Repayment Swap Charges


Any Other Charges (SOA/RPS /FC letter)



How you can apply for L&T Finance Personal Loan 

1. Visit the website and go to the section of L&T finance under the Instant Loan section. 

2. Go through the page of L&T Finance Loan and click on the Apply Now Button. 
Fill in the form and click on submit 

3. You will receive a message containing a link from L&T Finance

4. Click on the link and complete the application form

5. Get quick approval of the L&T Finance Personal Loan. 

6. You will get the disbursal of your Personal Loan in no time. 

Key Features of L&T Finance Personal Loan

L&T Finance offers personal loans with a range of key features that make it a preferred choice for individuals seeking financial assistance. Here are the key features of L&T Finance Personal Loan:

1. Competitive Interest Rates

L&T Finance provides personal loans at competitive interest rates, ensuring affordability for borrowers. 

2. Flexible Loan Amount

L&T Finance offers a flexible loan amount based on the borrower's financial requirements and eligibility. 

3. Convenient Repayment Options

L&T Finance understands the importance of flexibility in loan repayment. Hence, it offers convenient repayment options with flexible tenures, allowing borrowers to choose a repayment schedule that aligns with their financial capabilities.

4. Quick Loan Processing

L&T Finance values its customers' time and strives to provide quick loan processing. 

5. Customised Solutions

L&T Finance understands that each borrower's financial needs are unique. Hence, it offers personalized loan solutions, tailoring the loan terms and conditions to suit individual requirements.

6. Minimal Documentation

L&T Finance aims to simplify the loan application process by minimizing the required documentation.

7. Transparent and Ethical Practices

L&T Finance upholds transparency and ethical practices throughout the loan process. 

8. Dedicated Customer Support

L&T Finance provides reliable customer support to assist borrowers with any queries or concerns regarding their personal loans.

9. Security and Privacy

L&T Finance prioritize the security and privacy of its customers' personal and financial information.

10. Online Account Management

L&T Finance offers online account management facilities, allowing borrowers to conveniently access loan-related information, check repayment schedules, and make online payments.

Where can one use the L&T Finance Personal Loan?

L&T Finance Personal Loans offer a versatile financial solution that can be employed in a variety of situations. Whether you're planning a dream wedding, pursuing higher education, renovating your home, or consolidating existing debts, an L&T Finance Personal Loan can provide the necessary funds to turn your aspirations into reality. These loans can also be utilized for medical emergencies, travel expenses, and purchasing consumer durables. 

With flexible repayment options and competitive interest rates, L&T Finance Personal Loans cater to a wide range of personal financial needs, offering individuals the means to achieve their goals and manage unexpected expenses with ease and convenience.

How Does the EMI Calculation Work for L&T Finance Personal Loans?

Borrowers can repay the principal loan amount within 24 months in the form of EMI. The EMI can vary depending on the monthly budget and paying abilities. 

The primary formula for manually calculating monthly EMI is as follows:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1] 

Here, every character has a different meaning. They are as follows:

EMI means Equated Monthly Installments

N means Number of Monthly Installments

P means Principal Amount

R means Rate of Interest

Apart from the manual calculation, you can ease your work using the My Mudra EMI Calculator. Simply enter the principal amount, interest rate, and tenure of the loan and press the Enter button. The results will be displayed on your screen.


L&T Finance Personal Loan Online is your one-stop solution for all your financial needs. The NBFC is providing financial assistance with no income proof. L&T finance personal loan rate of interest starts from 11% P. A and it can be availed by any person who has a CIBIL Score of above 725. L and T personal loan apply online and get instant approval and disbursal of the loan amount in your account. The loan can help you in quenching your financial thirst and can pave the way to success without making finance a hurdle. 

Also read: How to Apply for Personal Loan Online and Get Instant Approval in India

Get your Personal Loan Approved with a Low CIBIL Score


android apple