No Collateral Required
11% R.O.I
Less Documentation
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).
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
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.
|
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 |
A person whose age is between 23 years - 57 years having Indian citizenship is eligible for the L&T Finance instant personal loan.
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.
L and T finance personal loans can be applied without income proof.
You can repay the L&T Finance Instant personal loan either through NACH or ECS.
A Person needs to submit PAN Card, Aadhar Card, and Bank Account details to apply online for L&T Finance Personal loan.
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