- Maximum Loan Tenure
- Completely Digital Process
- Open Eligibility
- No Income Proof
- A valid ID proof
- Valid Address proof such as Aadhaar, Passport, Driving Licence, Voter ID, Electricity Bills, Water Bills,
- Bank details
- No Income proof required if you apply upto Rs. 15 Lakhs.
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.
L&T Finance Personal Loan Features
The features of L and T Finance personal loan are mentioned below in detail:
- Loan amount: You can avail of a loan amount of as low as Rs. 50,000 and a maximum up to Rs. 15,00,000 from L&T Finance from L&T Finance personal loan app or website.
- Purposes: L & T personal loan is unsecured in nature and can be used for a variety of reasons such as education, home renovation, wedding, travel, medical emergency or general purposes.
- Tenure of repayment: The repayment tenure is flexible, ranges from 12 months to 48 months.
- Rate of interest: L&T Finance personal loan interest rate starts from as low as 11%-20% per annum.
- Processing fee: A processing fee of 1.75% to 2% of the sanctioned loan amount will be applicable.
- Eligible applicants: Salaried and self-employed professionals who are Indian citizens and have valid ID proof.
- Age criteria: If you want L&T Finance personal loan apply online after you turn 23 years old and before 58 years of age.
- Benefits: Completely digital application process, Higher loan amount approval for salaried customers, fast disbursal, and No income proof documents required.
L&T Finance Personal Loan Types
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.
Quick Links To Handle Your Loan
Frequently Asked Questions
You can get up to Rs.7 lakhs personal loan with L&T Consumer Loan
Interest rates start at 12% p.a.
You can repay the loan via ECS or NACH mandate with tenures of up to 48 months.
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.
Other Lending Loan Providers
| Loan Provider | Loan Type | Loan Amount | Best Rate | Max Tenure | Processing Fee | Approval Time | |
|---|---|---|---|---|---|---|---|
 Prefr | Personal Loan | Rs. 50,000 to Rs. 5 Lakhs | 15% to 36% | 3years | 3-5% of Loan Amount | Within 2 hours | Apply Now |
 Fibe | Personal Loan | 5K - 5lakh | 12% | 36months | Rs199 onwards | Instant | Apply Now |
 HSBC | Personal Loan | 30lakhs | 10.5% | 5years | upto 1% | Quick Approvals | Apply Now |
 InCred | Personal Loan | 10lakhs | 14% | 5years | 2% | In 15minutes | Apply Now |
 Aditya Birla Personal Loan | Personal Loan | 50lakhs | 10.99% onwards | 7years | upto 2% | Quick Approvals | Apply Now |
 Tata Capital | Personal Loan | 35Lakhs | 11.75% | 7years | 2% | Instant Approval | Apply Now |