Range of Interest Rate
12 % onwards
Processing Fee Range
Up to 3 %
Loan Amount
up to 15 lakhs
Range of Loan Tenure
1 – 4 Years
Key Salient Features
- Maximum loan tenure
- ZERO paperwork fast disbursal
- No Collateral/Security
Documentation
- KYC– Aadhar Card and PAN Cardd
- 1 year Bank statement, 3 months Salary slips, 2 Years form 16
Trivia
- The total number of branches of L and T Finance in India is 206
- Average loan approval time is 2 – 3 working days
USP’s
Doorstep Service
Dedicated Relationship Manager
Minimum Documentation
Fastest Sanction Process
Fee and Charges Details
- The processing fee charges is up to 2% loan amount for consumer loan and 1% of loan amount for micro loan
Disclaimer
- All intellectual property including trademarks, logos belong to the owner
| Particulars | Salaried |
|---|---|
| Age | 20 to 60 years |
| Prepayment Charges/Foreclosure | 5% of loan amount for consumer loan 0% for a micro loan |
FAQs
To apply for a L and T Finance Personal Loan you need to take the following steps given below:
- Fill the application form of L & T Finance
- Submit key documents like KYC and Financial which are related to salaried individuals.
- Loan eligibility of the applicant is determined based on the candidate worthiness of the applicant and his or her cibil score.
- L & T Finance Provide the Sanction letter which has loan amount, Interest rate, Tenure, emi Payable another terms and condition.
- Finally after completion of the disbursement process L & T Finance issues a cheque in favour of the applicants.
There are a few documents that you need to submit when applying for a L and T Personal Loan. They are given in the table below:
KYC Documents
KYC Documents
- The previous three months’ salary slips and
the Latest Form-16 - Latest 2 years Form 16
- IT Returns for the last three years
-
Business Profile of the Applicant
Latest 3 years ITR with Computation of Income - Balance Sheet, Profit, and Loss Account, and respective schedules
- GST Registration Certificate, GSTR-3B Returns of
latest 1 Year, and GSTR-3B Returns of latest 1 Year
Company Udhyam certificate
Property Documents
Because it is fast and easy to sanction. Provides customers who have healthy financial records
Besides, minimum documentation is required to apply for and secure an L and T Finance Personal Loan.
L and T Finance provides you with a 100% digital personal loan application process, once you submit all necessary documents, L and T Finance should provide you with sanction for personal loan within 2- 3 working days.
700 Onwards is the minimum CIBIL score that you need to possess to secure a L and T personal loan.
A minimum personal loan amount is 7 lakh is sanctioned by the L and T Personal Loan. The maximum personal loan amount is 15 Lakhs.
12%, below is a table with loan amount and tenure.
Table of L and T Finance EMI @12% interest rate for different personal loan amounts and tenures:
| Amount | |||
|---|---|---|---|
| Tenure | 5 lacs | 10 lacs | 15 lacs |
| 2 Years | Rs 23,537 | Rs 47,073 | Rs 70,610 |
| 3 Years | Rs 16,607 | Rs 33,214 | Rs 49,821 |
| 5 Years | Rs 11,122 | Rs 22,244 | Rs 33,367 |
No it is not necessary to have a co-applicant while applying for a L and T Personal Loan. Moreover, if you do possess one it will enhance your loan eligibility and help you prove your ‘Creditworthiness’ to the lender.
In case of personal loan which is an unsecured loan, the interest rates remains fixed during the entire tenure of me loan period.
When you have IT returns for three financial years to show the chances of you acquiring a personal loan increases significantly. However, you can still get a personal loan despite not possessing IT returns for three financial years, if you seek a small loan amount and your CIBIL score is good.
L and T Finance provided for you a complete 100% hassle free ‘Digital’ personal loan application process, it takes about 2 -3 working days to get disbursed after it is sanctioned.
There are few additional details of L and T Personal Loan that you need to understand are given below:
-
Types of L and T Personal Loan:
There are few types of L and T Personal Loan available. They are as follows:
-
L and T Finance Consumer Loan:
It is a personal loan scheme that enable you to take loan for expenses related to marriage, festival, or home renovation etc
-
L and T Finance Micro Loan:
This is a personal loan program specifically designed for joint liability groups of women borrowers. There are three different subtypes of personal loan in this category. They include:
- L and T Finance Vikaas
- L and T Finance Vishwas
- L and T Finance Pragati
-
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Personal Loan
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4.9
434 Google Reviews
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