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No Collateral Required

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11% R.O.I

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Less Documentation

L&T Finance Personal
Loan Overview

Get L&T finance loan instantly with minimal documentation and a low-interest rate disbursed in your account quickly.

Loan Amount- Rs 50,000 - 7,00,000 lakhs.

L&T personal loan interest rate 11% R.O.I

Tenure of Instant loan- 12-48 months

Processing Fee: Up to 2.5% of principal outstanding + taxes

Part payment charges: Up to 5% of prepaid amount + taxes (Up to 25% allowed twice in a year).


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L&T Finance Personal Loan Overview

L&T Finance Personal Loan
Eligibility and Documentation

L&T Finance Instant loan is available to people who shall pass the eligibility criteria. L&T Finance Personal Loan Eligibility Criteria are mentioned below.

1. Citizenship: Must be an Indian citizen

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

Mentioned below are the documents required for an instant loan by L&T Finance.

1. PAN Card

2. Aadhar Card/ Voter ID

3. Banking Statement for the past three months.

4. Two latest months' salary slips


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L&T Finance Personal Loan Eligibility and Documentation

HOW TO APPLY FOR
L&T FINANCE LOAN ?

Apply for an L&T Finance instant personal loan with easy steps.

1. Visit My Mudra website to apply for the Instant Loan and then click on Apply Now.
2. Apply for L&T instant loan online by filling up the application form.
3. Fill in the application and get to know your Loan Eligibility with two clicks.

4. Complete documentation through a paperless process and track your loan application status.

5. Get the loan approved and the amount disbursed instantly.


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HOW TO APPLY FOR L&T FINANCE LOAN ?

L&T Finance Personal Loan Fees and Charges

 

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)

NIL

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

Rs.500

Any Other Charges (SOA/RPS /FC letter)

NIL

 

L&T Instant Personal Loan EMI Calculator

Loan Amount

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs:23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

5,64,882
Rs

your loan details as specified by you

Loan Amount
5,00,000
Rs
Tenure
24
M
Interest Rate
12
%

FREQUENTLY
ASKED QUESTIONS

Who is eligible for L&T Finance Personal loan?

A person whose age is between 23 years - 57 years having Indian citizenship is eligible for the L&T Finance instant personal loan.

How can I get a 1.5 lakh personal loan instantly?

NBFC like L&T Finance is providing quick instant personal loans that can be approved and disbursed within hours. A person can get a loan amount starting from 50,000- 7 lakhs.

How can I get Personal Loan without Income Proof?

L and T finance personal loans can be applied without income proof. 

How can I repay L&T Finance Instant Loan?

You can repay the L&T Finance Instant personal loan either through NACH or ECS.

What are the documents required to apply for L&T finance personal loan?

A Person needs to submit PAN Card, Aadhar Card, and Bank Account details to apply online for L&T Finance Personal loan.