L&T Finance Personal Loan

L&T Finance Personal Loan Interest Rates

L&T Finance offers personal loans with interest rates starting at 12% per year. These loans have fixed interest rates. The actual interest you get depends on factors like your credit score, age, and the amount of loan you're applying for.

Pre Approved Personal loan | Check Eligibility & Apply Online

Comparison of Interest Rates of L&T Finance with other Banks/NBFCs

Also read: Best Personal Loan Interest Rate

L&T Finance  Personal Loan EMI Calculator

 

Fees and Charges for Availing L&T Finance Personal Loan

The personal loan processing fees  and other charges for availing L&T Finance Personal Loan are as follows:

Also read: Best Personal Loan in India

L&T Finance Personal Loan Types

L&T Finance Consumer Loan

• Purpose: L&T Finance Consumer Loan enables individuals to secure funds for various purposes such as home renovation, marriage, festivals, education, and medical expenses.
• Tenure: 1-4 years
• Loan Amount: Rs 50,000 to Rs 7 lakh

L&T Finance Micro Loan

• Purpose: L&T Finance Micro Loan provides short-term loans to groups of women borrowers with joint liability. The micro loan facility includes three different types of loan schemes, outlined below:
  • L&T Finance Vikaas: This loan facility is offered to first time customers of L&T Finance
  • L&T Finance Vishwas: L&T Finance offers this micro loan facility to its repeat customers who have paid at least 12 EMIs of their existing loan
  • L&T Finance Pragati: This loan facility is a special high-ticket loan offered to select L&T Finance customers who have paid minimum 12 EMIs of their existing loan
• Loan Amount:
  • L&T Finance Vikaas: Rs 30,000 to Rs 40,000
  • L&T Finance Vishwas: Rs 40,000 to Rs 75,000
  • L&T Finance Pragati: Rs 60,000 to Rs 1.1 lakh
• Tenure:
  • L&T Finance Vikaas: 2 years
  • L&T Finance Vishwas: 2 years to 33 months
  • L&T Finance Pragati: 3 years

Also read: Best Personal Loan Status

Eligibility Criteria

For L&T Finance Personal Loans, the eligibility criteria are determined based on different factors:

1. Age:

• Consumer Loan: Applicants must be between 23 to 57 years old.
• Micro Loan: Available for individuals aged between 20 to 60 years.

2. Residential Status:

• Consumer Loan: Open to Indian Citizens with valid ID proof.
• Micro Loan: Specifically available for women borrowers.

3. Availability:

• Consumer Loan: Accessible across all major towns and cities in India.
• Micro Loan: Across India.

Also read: Best Personal Loan Eligibility

Documentation Required

Identity proof for L&T Finance Personal Loan

• Aadhar card
• PAN card
• Ration Card
• Voter ID
• Driving license
• Job Card by NREGA

L&T Finance Personal Loan Proof of residence

• Aadhar
• Driving Licence
• Passport
• Voter ID
• Water Bills
• Electricity Bills
• Mobile Postpaid Bill
• Job Card by NREGA
• Municipal/Property Tax receipt
• National Population Certificate

Income Proof for L&T Finance Personal Loan

• Consumer Loan: No income proof required
• Micro Loan: Before approving loan applications, the lender looks at how much money applicants are capable of earning.

Also Read: Best Personal Loan Documents Required