L&T Finance offers consumer-based personal loans with a 12% interest rate per annum. This is an entirely digital loan. You can apply for a loan to solve your basic needs like home renovation, medical expenses, or buy a new car.
Without any income proof, you can apply for an L&T finance personal loan. This NBFC company offers up to 7 lakh loans with 48 months tenure.
L&T Finance Loan Quick Recap
| Loan Amount | Up To 7 Lakh |
| Interest Rate | 12% – 19% p.a. |
| Duration | 12 months – 48 months |
| Age | 23 – 57 years |
| Loan Approval | 100% Digital |
| Processing Fees | Up to 2% of the loan amount |
| Who Can Apply | Salaried Person / Self Employed |
Benefits of L&T Finance Personal Loan
Instant Approval: L&T Finance offers instant customer-based personal loans within 72 hours. Get money quickly after loan eligibility.
Affordable Interest Rate: The interest rate starts from 12% to 19% per annum. This NBFC Company gives you a much lower interest rate than other lenders.
Without Income Proof: You can obtain a personal loan without providing income proof. This is based on a pre-approved personal loan.
Digital Process: Apply for an L&T finance loan online. You don’t need to go to any branch to apply. This is a fully digital process.
Pan India Serviceable: You can apply for a loan anywhere in India. L&T is accepting pan-India loan applications.
Flexible EMI: You can get a repayment tenure from 12 to 48 months. Easy & flexible repayment tenure offer given by L&T finance.
Pre-approved Offer: This is a pre-approved-based loan offer. You can get up to 7 lakh pre-approved loans without any income proof.
Also Read: IndusInd Bank Personal Loan
L&T Personal Loan Interest Rate, Fees & Charges
| Interest rate | 12% to 19% per year |
| Processing Fee | UP to 2% of the loan amount |
| Late Payment Fee | 3% on overdue EMI |
| Foreclose Charges | 5% of the principal amount +GST |
| Minimum Loan Tenure | 12 month |
| Maximum Loan Tenure | 48 month |
Types of L&T Finance Loan
L&T Finance Consumer Loan
Get an L&T Finance consumer loan in the form of a pre-approved personal loan. Use this personal loan for various purposes like education costs, home renovation, buying a car, medical expenses, etc.
Loan Amount: Rs. 50,000 to Rs. 7 Lakh
Repayment Tenure: 12 to 48 months
L&T Finance Micro Loan
A microloan is a short-term loan tenure for a joint liability group of women. Microloans are divided into 3 categories:
1. L&T Finance Vikaas
This scheme is available for first-time L&T Finance borrower
Loan Amount: Rs. 30,000 to Rs. 40,000
Term: 24 months
2. L&T Finance Vishwaas
Existing L&T Finance customers who complete EMI of 1 year
Loan Amount: Rs. 40,000 to Rs. 75,000
Term: 2 years to 33 months
3. L&T Pragati
The existing L&T Finance customers who paid 12 months of EMI are eligible for the L&T Pragati scheme.
Loan Amount: Rs. 60,000 to Rs. 1.1 Lakh
Term: 36 months
Also Read: LazyPay Personal Loan
L&T Finance Loan Eligibility
- 730+ CIBIL Score required
- Applicant’s age should be 23 to 57 years
- Should be an Indian Citizen
- Active Bank Account
Documents Required for L&T Loan
Submit the following documents for the L&T Personal loan:
- Pan Card
- Aadhaar Card
- Residence Proof (Electricity bill / Gas bill)
- Bank Account
- Salary slip or Form 16
How to Apply for an L&T Finance Personal Loan
This is an online loan application process. Just upload the documents to check your eligibility. Follow the step-by-step process:
Step 1: Let’s start with “L&T Finance Personal Loan” which offers 100% online.
Step 2: Now fill in the basic details like Name, Mobile no, Email id, etc.
Step 3: After that, the L&T finance representative contacts you for the next step.
Step 4: submit borrower KYC details and check eligibility.
Step 5: Get an instant loan approval message on your phone.
Step 6: Share your bank details to get the money to your account.
Also Read: Paytm Business Loan
L&T Finance Personal Loan Customer Care
You can contact for loan related or other quires through customer care number, Email id or send a letter to the office address.
Customer Care Number: 7264888777
Official Email Id: customercare@ltfs.com
Office Address:
15th Floor, PS SRIJAN Tech Park,
Plot No 52, Block DN, Sector-V,
Salt Lake City, Kolkata – 700 091,
District 24-Parganas North
FAQs on L&T Finance Personal Loan
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I am Self-employed. Can I apply for a loan?
L&T Finance offers pre-approved personal loans for both salaried and self-employed persons. You can apply as a self-employed professional.
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Can I get the loan without any income proof?
You can apply for the loan without any income proof. If you are eligible, you will get the loan offer.
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I don’t have any CIBIL Score. Can I able to apply?
No. L&T Finance personal loan minimum eligibility criteria are 700+ CIBIL Score to get the pre-approved loan amount.
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What is the minimum & maximum loan amount L&T Finance is offering?
The minimum loan amount is Rs. 10,000 and the maximum loan amount is Rs. 7 lakh.
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What is the interest rate of an L&T Finance consumer-based personal loan?
Interest rate starts from 12% to 19% p.a.
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What is the meaning of a consumer-based personal loan?
If you use the consumer loan facility through L&T Finance, you will get a pre-approved personal loan that is available without any income proof.