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L&T personal Loan

L&T personal Loan

4.5

Max Tenure

24 to 48 Months.

Best Rate

11% to 19%

Processing Fee

2.25%

View Details

Features

  • 100% Online Process.
  • No Foreclosure Charges.

Pricing

  • Interest rate – 0.92% p.m.
  • Processing fee – Upto 2.25%.

Documents Required

  • ID Proof.
  • Address Proof.
  • Bank Account Details with E-Mandate Facility.

Your application will be subjected to Bureau Enquiry.

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When it comes to personal financing, L&T Finance Personal Loan offers you a simple and effective solution. Whether you're planning a wedding, consolidating debts, traveling, or managing medical expenses, these loans are designed to meet your unique needs. With a completely digital process, competitive interest rates, and simple eligibility criteria, L&T Finance ensures that your borrowing experience is seamless and stress-free.

L&T finance personal loan interest rates are competitive, offer flexible repayment options, and a completely digital application process. L&T Finance stands out as a reliable lending partner. Whether you're looking for funds to achieve your personal goals or cover urgent needs, this loan is tailored to provide convenience and transparency.

L&T Finance Personal Loan Overview – Key Details

Feature

Details

Interest Rate

Starting from 11.00% p.a.

Max. Loan Amount

Upto ₹30 Lakhs

Processing Fee

Upto 3% of the loan amount + GST

Repayment Tenures

Flexible options ranging from 12 to 72 months

Key Features

- Completely digital process with faster disbursal and zero paperwork.

- No collateral or security required.

- Open eligibility for salaried and self-employed professionals.

- Option to avail a loan without producing income proof.

L&T Finance Personal Loan – Key Benefits & Features

1. Flexible Loan Amounts: Borrow up to ₹30 Lakhs based on your eligibility.

2. Attractive Interest Rates: Starting at just 11% per annum, these loans are affordable and easy to manage.

3. Hassle-Free Processing: The entire process is digital, ensuring faster approvals and quicker disbursals.

4. No Collateral or Security: Enjoy an unsecured loan without pledging any assets.

5. Minimal Documentation: Simplified requirements for salaried and self-employed individuals.

6. Flexible Tenures: Choose a repayment term between 12 to 72 months to suit your financial needs.

7. No Income Proof Option: Eligible borrowers can avail of loans without submitting income proof.

L&T Finance Personal Loan Eligibility

L&T Finance personal loans are open to both salaried and self-employed individuals. The basic eligibility criteria include:

  • Age: The permissible age for the applicant is between 23 to 58 years
  • Income Stability: A regular source of income is essential for approval.
  • Credit Score: A good credit score enhances your chances of approval and helps secure better interest rates.

L&T Finance Personal Loan – Documents Required

The documentation process for an L&T Finance Personal Loan is simple and user-friendly. Typically, you will need:

1. Identity Proof: PAN Card, Aadhaar Card, or Passport.

2. Address Proof:

List of OVDs:

Aadhaar Card, Passport, Driving License, or Voter ID.

List of Deemed OVDs:

  • Recent utility bill (electricity, telephone, etc.) within 2 months
  • Property or municipal tax receipt
  • Pension payment orders (PPO) with address from Govt. or PSUs
  • Employer allotment/lease letter (State/Central Govt., PSUs, banks, etc.)
  • Rent agreement (must be accompanied by one of the above documents)
  • OVD with current address must be submitted within 3 months

3. Income Proof: Recent salary slips for salaried individuals or IT returns for self-employed professionals.

4. Photographs: Recent passport-sized photographs.

L&T Finance Personal Loan - Fees & Charges

Apart from the interest charges and processing fees, L&T Finance Personal Loans come with a few fees & charges -

Charge Type

Charges in Rs.

Interest Rate

Starts at 11% p.a.

Processing Fee

Up to 3% of the loan amount + applicable taxes

Repayment/EMI Bounce Charges

₹500 (<₹5 Lakhs)

₹1,000 (₹5-50 Lakhs)

₹1,500 (>₹50 Lakhs)

Penal/Late Payment Charges (LPC)

2% per month on overdue EMI + applicable taxes

Part Prepayment Charges

Up to 5% of prepaid amount + applicable taxes

Foreclosure Charges

5% of principal outstanding + applicable taxes

Duplicate NOC Charges

₹250 + applicable taxes

Repayment Swap Charges

₹500 + applicable taxes

Cooling-Off Period

3 Days from loan disbursement

Loan Cancellation Charges

5% of outstanding loan amount + applicable taxes

Annual Maintenance Charges

Nil

Legal/Recovery Charges

As per actuals

Charges for Documents

Nil

Disclaimer: The product features, interest rates, eligibility process to apply, and all other information specified above are as of when this page was written and are subject to change. For exact information, contact the bank or refer to the official website

L&T Finance Personal Loan Apply Online

Online Through CreditMantri

  • Click on ‘CHECK ELIGIBILITY’
  • The application page will open
  • Fill in the basic details like the Email ID, loan amount required, date of birth, mobile number, residence city, residence pincode, marital status, and gender.
  • Tick all checkboxes for agreement terms.
  • Click on “Submit”
  • Enter the OTP you get on your registered mobile number.
  • Proceed with the rest of the application and your application will be processed in no time.

Online Via The L&T Finance Website

The loan application process is simple, fast, and entirely digital. Follow these four easy steps to apply:

  • Check Loan Eligibility: Ensure you meet the basic eligibility criteria based on your age, income, and credit score. Use the online eligibility checker for quick confirmation.
  • Submit KYC Details: Provide your KYC (Know Your Customer) documents such as identity proof, address proof, and income proof for verification.
  • Mandate Registration: Complete the mandate registration process to authorize EMI payments directly from your bank account.
  • Sign the Agreement: Review and digitally sign the loan agreement to confirm the terms and conditions. Once signed, your loan amount will be disbursed quickly.

What are the options to repay my L&T Finance Personal Loans?

Repaying your L&T Finance personal loan is simple and convenient. The EMI amount is automatically debited from your bank account through an ACH, Standing Instruction (SI) mandate, or e-mandate. In case of insufficient funds or a dishonored ACH, you have alternative payment options. You can make payments online, pay in cash at the nearest L&T Finance branch, or use Airtel and PayNearby portals for hassle-free repayment.

It would be a good idea to calculate your L&T Personal Loan EMI amount before you apply for that loan. Click here to use our Personal Loan EMI Calculator to figure out the EMI amount based on the loan amount and interest rate.

Key Factors Affecting L&T Finance Personal Loan Eligibility

Lenders evaluate several factors to determine your eligibility for an L&T Finance Personal Loan:

  • Credit Score: A high credit score shows good financial behavior and increases approval chances. Late payments or high credit usage can negatively impact eligibility.
  • Employment Stability: Stable employment and consistent monthly income assure lenders of your repayment ability. Long tenures with reputed employers improve approval chances.
  • Monthly Income: Sufficient income from salary or other sources ensures you can manage EMIs without financial strain. Higher income boosts eligibility.
  • Existing Liabilities: Lenders review your repayment history for loans or credit cards. Timely payments and minimal debt obligations improve approval prospects.

L&T Finance Customer Care Number Personal Loan

L&T Finance provides multiple channels for customer support to address all your personal loan-related queries. Here’s how you can reach out:

Call Customer Care: For personal loans, you can contact the dedicated customer care team at 1800-268-0000. The helpline is available all days of the week (except national holidays) from 9:00 AM to 6:00 PM IST.

Email Support: You can send your queries or concerns via email at customercare@ltfs.com. Expect prompt responses from the team to resolve your issues.

Get a Callback: Fill out your name, mobile number, and product details on the L&T Finance website to request a callback.

Connect via WhatsApp: Message "Hi" or "Hello" to +91 7378333451 to connect with the L&T Finance team directly on WhatsApp. It's a convenient way to get instant updates and support.

Use the Chatbot: Need quick answers to your questions? L&T Finance’s chatbot is available on their website to provide instant support. Just click "Say Hello" to get started.

Planet App: Download the Planet App from the Google Play Store or Apple App Store to manage your loan details, check repayment schedules, and much more, right from your smartphone.

Locate a Branch: If you prefer in-person assistance, you can locate the nearest branch using the "Locate Us" feature on the L&T Finance website.

Contact Details of L & T

Grievance Redressal Officer : Mr. Vinod Varadan

Address : 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.

Tel: 1800 1020 476 (between Monday to Friday (except National Holidays) from 9am to 6pm)

Email ID: gro@ltfs.com

FAQs About L&T Finance Personal Loan

1. Does L&T Finance provide a personal loan?

Yes, L&T Finance offers personal loans tailored to meet your financial needs. These loans come with flexible repayment tenures, competitive interest rates starting at 11%, and a completely digital application process. Both salaried and self-employed individuals can apply for loans up to ₹30 Lakhs without the need for collateral.

2. What is the minimum CIBIL score for L&T personal loan?

A credit score of 750 & above is always considered favorable to get the best personal loans. L&T Finance personal loans too are offered with best interest rates and repayment terms for such a good credit score.

3. What is the interest rate for an L&T personal loan?

The interest rate for an L&T personal loan typically ranges from 11.00% to 27.00% per annum, depending on factors such as your credit score, loan amount, and repayment tenure. It's important to check with L&T Financial Services for the most accurate and personalized interest rate based on your profile.

4. How can I check my L&T finance loan details?

To check your L&T Finance loan details, you can log in to your customer portal on the official L&T Finance website (https://www.ltfs.com) using your registered credentials. Alternatively, you can download the L&T Finance mobile app to access your loan details, track payments, and view your EMI schedule. For direct assistance, you can contact L&T Finance's customer care at customercare@ltfs.com or call 1800-268-0000, available every day of the week (except national holidays) from 9 AM to 6 PM IST. Additionally, L&T Finance provides an SMS service for quick loan information by texting a designated number.

5. What is the application process to get an L&T Finance personal loan?

You can apply for an L&T Finance personal loan online through their official website or mobile app. Simply check your eligibility, upload the required KYC documents, and complete the mandate registration. Your details are verified by a loan manager and the loan amount will be disbursed once the loan documents are signed.

6. What is the maximum loan amount offered by L&T Finance?

L&T Finance offers personal loans up to ₹30 Lakhs, depending on your eligibility and financial profile. This allows borrowers to meet both small and large financial requirements with ease.

7. Can I foreclose my L&T Finance personal loan?

Yes, L&T Finance allows foreclosure of personal loans. A 5% foreclosure charge needs to be borne by you. You can also partially prepay the loan by paying up to 5% of the prepaid amount.

Disclaimer:This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.

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Corporate Agent (Composite)

CreditMantri Finserv Private Limited

CIN No

U72100TN2012PTC085154

IRDAI Registration Number

CA0665

Valid Till

01-Aug-2025

ADDRESS

CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002

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