If you need funds for any purpose and are considering taking a loan, you can apply for a Personal Loan from L&T Finance. L&T Finance offers personal loans to customers at highly attractive interest rates.
With L&T Finance, you can avail a personal loan ranging from ₹25,000 to ₹10 lakhs, based on your requirements. The repayment tenure for this loan ranges from 12 months to 72 months.
Interest Rate on L&T Finance Personal Loan
L&T Finance provides personal loans at competitive interest rates, starting from 11.11% to 27% per annum. The applicable interest rate depends on the applicant’s income and CIBIL score. If the applicant’s CIBIL score is above 750, they will be eligible for a lower interest rate. The processing fee for this loan is 3%.
Features of L&T Finance Personal Loan
- Apply online from the comfort of your home.
- Interest rates start from 11.11% p.a.
- Minimal documentation required for approval.
- Funds can be used for any personal or financial need.
- Flexible repayment tenure of up to 72 months.
- No hidden charges applicable.
Eligibility Criteria for L&T Finance Personal Loan
- Applicant must be an Indian citizen.
- Age should be between 21 to 60 years.
- CIBIL score must be 700 or above.
- Applicant can be a salaried individual, self-employed, or business owner.
- Minimum monthly income should be ₹15,000 or more.
- Applicant should not be a defaulter with any bank or financial institution.
Documents Required for L&T Finance Personal Loan
- Aadhaar Card
- PAN Card
- Address Proof (Utility Bill/Passport/Driving License)
- Income Proof (Salary Slips for last 3 months)
- Last 2 years’ ITR (for self-employed/business owners)
- Bank Statements (last 3 months)
- Passport-size photograph
- Mobile Number (for verification)
How to Apply for L&T Finance Personal Loan?
- Visit the official website of L&T Finance.
- Select “Personal Loan” under the loan section.
- Click on “Apply Online” and fill out the application form.
- Enter all required details accurately.
- Upload the necessary scanned documents.
- Set up an e-mandate for loan repayment.
- Submit the application.