CreditMantri Finserve Private Limited
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Apply for L&T Finance personal loans at attractive interest rates starting from 11% per annum. Convenient repayment tenures between 1 to 4 years Flexible Loan amounts from Rs. 50,000 up to Rs. 7 Lakhs. Quick Approval. No income document. Seamless processing. Instant disbursal.
24 to 48 Months.
11% to 19%
Your application will be subjected to Bureau Enquiry.
L&T Finance personal loans offer a quick source of funding for all kinds of immediate financial needs. The entire process is completely digital with zero paperwork and quicker disbursal. You can get a loan up to 7 lakhs at interest rates starting from 12%, with flexible loan tenures of 12 to 48 months. L&T Finance provides consumer loans to borrowers to fund marriages, weddings, home repairs, medical emergencies etc. It also provides micro loans or small loans to women from low income groups to become self-sufficient.
About L&T Finance Personal Loan
Kotak Mahindra Bank
11.49% to 14.49%
12% to 36%
12% to 36%
Upto to 29.95%
The L&T Finance personal loan interest rates start from just 12% per annum onwards. The interest rates are fixed, and there is also a minimal processing fee of 1.75% to 2% of the loan amount that is charged. The interest rate applicable depends on various factors including the borrower’s credit score, loan amount to be applied for, income, and other eligibility criteria.
Consumer Loans: In this type of loan, borrowers can finance personal expenses such as wedding, education, medical needs, home renovation expenses etc. Consumer loan amounts start from 50,000 and go up to 7 lakhs
Micro Loans: Micro loans are short term loans offered to women borrowers from low income backgrounds to become self-reliant. And the lender offers 3 different types of loan schemes under its micro loan facility - L&T Finance Vikaas with loan amounts in the range of Rs. 30,000 to Rs. 40,000, L&T Finance Vishwas with loan amounts in the range of Rs 40,000 to Rs 75,000, and L&T Finance Pragati with loan amounts in the range of Rs. 60,000 to Rs 1.1 lakh.
Key Highlights of The L&T Finance Consumer Loan
Loan Amount: From Rs. 50,000 to Rs. 7,00,000
Loan Repayment Tenure: 12 to 48 months
Interest Rates Starting from 12%
Processing Fee: 1.75% to 2% of the loan amount
Quick disbursal with Nil paperwork
Loans for both salaried and self-employed professionals
No income proof needed to get a loan
No collateral or security
Eligibility Criteria For L&T Finance Consumer Loans
Indian Citizens with a valid ID proof
23 to 57 years
Across all major indian towns and cities
Credit scores may be considered for personal loan eligibility. A credit score of 750 plus is generally considered excellent by all lenders
Documents Required For L&T Finance Consumer Loans
Fees and Charges for L&T Finance Consumer Loans
Up to 2% of principal outstanding plus applicable taxes
Repayment bounce charges
Rs. 350 plus applicable taxes (If any)
Annual maintenance charges
As per actuals
SOA/RPS/FC letter & other documents
Late payment Interest
3% per month on overdue EMI
Part Prepayment Charges
Up to 5% of prepaid amount plus applicable taxes
Part prepayment of up to 25% allowed twice per year
5% of outstanding principal amount plus applicable taxes
Repayment Swap Charges (Per swap)
Rs. 500 plus applicable taxes
Duplicate NOC charges (Applicable per copy after 3 free copies per customer)
Rs. 250 plus applicable taxes
Key Highlights of The L&T Finance Micro Loans
Loan amount: 30,000 to Rs. 1,10,000
Loan repayment tenure: between 24 to 36 months
Interest rate: 24% on reducing balance
Processing fees: 1% of loan amount plus taxes as applicable
Pay your loans in easy monthly EMIs
Collateral free loans
Minimal documentation with only KYC documents of customer and co-applicant
Know your loan eligibility immediately
Loan amount disbursed to your bank account directly
Eligibility Criteria for L&T Finance Micro Loans
20 years to 60 years
Documents Required For L&T Finance Micro Loans
Product Schemes For L&T Finance Micro Loan Customers
1. L&T Finance Vikaas
2. L&T Finance Vishwaas
3. L&T Pragati
Fees and Charges for L&T Finance Micro Loans
1% of loan amount plus applicable taxes
As per actuals
Online Through CreditMantri
Online Via The L&T Finance Website
L&T Finance has a dedicated customer care team in place to help you with queries regarding the L&T Finance personal loan products. Here are the numbers for specific products and services
L&T Finance Personal Loan customer care number or consumer loans customer care number
L&T Finance Two Wheeler Loan customer care number
Housing/Real Estate Finance
After you apply for a personal loan with L&T, you will want to know about your personal loan application status. You will want to know whether the loan is approved, rejected, or under process. You can track your personal loan application through the following ways:
For more information on how to check your L&T Finance personal loan status, go to https://www.creditmantri.com/forum-how-can-i-check-my-lt-finance-loan-status/.
L&T Finance offers a hassle free and completely digital process of getting a personal loan. Apply for the loan through CreditMantri and enjoy the benefits. Before you apply, do a free credit score check on CreditMantri and download your credit report.
1. How much loan can I get with L&T Consumer Loan?
You can get up to Rs.7 lakhs personal loan with L&T Consumer Loan
2. What is the interest rate on L&T Consumer Loan?
Interest rates start at 12% p.a.
3. How can I repay the loan?
You can repay the loan via ECS or NACH mandate with tenures of up to 48 months.
4. Can I make part payments or foreclose my loan?
Yes, you are allowed to make a maximum of 25% of the loan amount as part-payment, twice in a year. Once you have completed 6 EMIs, you can foreclose the loan.
5. What is the processing fee on the loan? Are there other fees or charges to be paid?
The processing fee is around 1.75% - 2% of the loan amount. There are no other fees or charges to be paid to get this loan.
6. How to download the L&T Loan Statement?
You can download your L&T loan statement by sending an email to L&T Finance at email@example.com, specifying your loan account number. You can also contact L&T Personal Loan customer care number on +91 7264888777.
7. How Can I check my L&T EMI online?
You can check the L&T EMI online by using the L&T Finance EMI calculator on the lender’s website. To do this, open the EMI calculator page, enter the required loan amount in rupees, enter the interest rate per annum in percentage, and enter the loan tenure in months. As soon as you enter all the details, your EMI will be computed and displayed on the screen immediately. To re-enter the entered loan values, you can click the ‘RESET’ button.
8. Does L&T Finance offer pre-approved personal loans?
Yes, L&T Finance offers pre-approved personal loans. The limit on L&T Finance pre-approved personal loans is Rs. 7 lakhs. You can contact L&T Finance personal loan at +91 7264888777 to know more about this offer.
9. What is a consumer loan?
A Consumer Loan is an unsecured loan that can be used for various purposes such as education, home renovation, wedding, travel, and medical for general purposes.
10. Why must I take a loan from L&T Finance?
The key features of the L&T Finance consumer loan are a completely digital process, transparency, quick disbursal, no security required, and minimal documentation.
11. When Can I Apply For Consumer Loan?
Individuals in the age group of 23 to 58 years can apply for a consumer loan. He has to have all the required documents in place.
12. What is a micro loan?
Micro loan is a small business loan given to women from low income groups and help them become self-reliant.
13. What is the eligibility to qualify for renewal of micro loan?
All individuals who are currently L&T Finance customers and are paying their EMIs regularly are eligible for the renewal of their Micro Loan.
14. How much is the processing fee for micro loans?
The processing fee on L&T Finance Micro loans is 1% plus applicable taxes.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application