L&T Finance Personal Loan – Apply Online

Last Updated : Sept. 13, 2022, 1:18 p.m.

L&T Personal Loan Details

In the table given below, you can explore all the details of this personal loan and see how much interest will be charged on the loan.

Features and Benefits of L&T Finance Personal Loan

There are some outstanding features of this personal loan that make it unique from others. You must go through all the features of this loan.

• You will get an instant pre-approved loan from the company.
• There is no need for any income documents to apply for an L&T Personal Loan.
• The whole application process will be digital and everything will be done online.
• It is an unsecured personal loan so you will not need any collateral to apply for the loan.
• There are 11000+ operational pin codes spread across 25 states and the Union Territories.
• The loan disbursement process is really quick.
• You can borrow a loan of up to INR 10 lakhs.
• A Cibil Score of just 730 is needed.
• The rate of interest starts at 11% per annum.

Eligibility Criteria for Personal Loans from L&T

You will have to fulfill the following criteria in order to apply for the L&T Finance Loan:-

• You will need a minimum Cibil Score of 730 or above to get this loan.
• The minimum age of the applicant should be 25 years.
• The maximum age of the applicant should not be more than 58 years old at maturity.
• Individuals with all types of employment status can apply for this personal loan.
• You will need a valid PAN, selfie, and Aadhaar to apply for this loan.

How to Apply for an L&T Personal Loan

You can apply for an L&T Finance Loan through their official website. You can even fill-up the form given above and get the loan digitally. The verification will be done through e-KYC and there is no need to visit the branch physically. The representative will ask you for a selfie, an Aadhaar Card, and a PAN card to complete the KYC, and your loan application process will be completed.

Foreclosure Charges on L&T Loans

This lender doesn’t allow you to foreclose on a loan before 6 months. You will have to pay regular EMIs for a minimum of 6 months, after which you can foreclose on the loan. But foreclosure charges will be applied to the principal outstanding amount and it will be 5% of the principal outstanding amount + GST. You will have to pay this charge at the time of loan foreclosure.

L&T Finance Personal Loan EMI Calculator

We have calculated the personal loan EMI on different loan amounts. You can see the EMI for the tenure of 24 months and 48 months. On the other hand, you can also go through the EMI that you will have to pay at different rates of interest. The EMIs on loan amounts of INR 1 Lakh to INR 10 Lakh are given below.

L&T Finance Grievance Redressal Details

Mr. Vinod Varadan
Grievance Redressal Officer
L&T Finance Limited (formerly known as L&T Finance Holdings Limited),
3rd Floor, "Brindavan Building", Plot No 177,
C.S.T Road, Kalina, Santacruz (East),
Mumbai - 400 098
Contact Number: 1800 1020 476 between Monday to Friday (except National Holidays) from 9am to 6pm
Email ID: [email protected]

To Know More Details: https://www.ltfs.com/