L&T Finance Holdings Ltd. offers personal loans starting at 12% per annum for amounts up to Rs. 7 lakh, with repayment periods of up to 4 years. They cater to various needs such as home renovation, festivals, marriage, education, and medical expenses. The company also extends micro loans to low-income women. L&T Finance provides a fully digital application process with minimal documentation and speedy approval for both salaried and self-employed applicants. They have partnered with mybankingtips.com to provide pre-qualified personal loans to selected customers, ensuring a 100% digital and quick disbursement process.
Up to ₹7L
12% - 24%
Upto 4 Years
Up to 2%
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.
| Loan Product | Interest Rate (p.a.) |
|---|---|
| L&T Finance Consumer Loan | 12% p.a. onwards |
| L&T Finance Micro Loan | 24% p.a. onwards |
| Table of Contents | ||
|---|---|---|
| Comparison of L&T Finance Personal Loan vs. Other Lenders | ||
| Fees and Other Charges | ||
| Types of L&T Finance Personal Loan | ||
| Eligibility Criteria | ||
| Documents required | ||
| FAQs | ||
| Banks/NBFCs | Interest Rates(p.a.) | |
|---|---|---|
| Axis Bank | 10.49% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| HDFC Bank | 10.50% onwards | Apply Now |
| ICICI Bank | 10.50% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Federal Bank | 11.49% onwards | Apply Now |
| DMI Finance | 12.00% - 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 12.25% - 30.00% | Apply Now |
| MoneyTap | 12.96% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 13.00% onwards | Apply Now |
| MoneyView | 15.96% onwards | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
Also read: Best Personal Loan Interest Rate
The personal loan processing fees and other charges for availing L&T Finance Personal Loan are as follows:
| Particulars | Rates | |
|---|---|---|
| Processing Fee |
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| Repayment bounce charges |
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| Late payment interest |
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| Part Prepayment Charges |
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| Foreclosure Charges |
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| Annual Maintenance charges | Nil | |
| Legal /Recovery charges | As per actuals | |
| Duplicate NOC charges (applicable per copy after 3 free copies per customer) | Rs 250 plus applicable taxes | |
| Repayment swap charges (per swap) | Rs 500 plus applicable taxes | |
| SOA/RPS /FC letter & other documents |
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Also read: Best Personal Loan in India
Also read: Best Personal Loan Status
For L&T Finance Personal Loans, the eligibility criteria are determined based on different factors:
1. Age:Also read: Best Personal Loan Eligibility
Also Read: Best Personal Loan Documents Required
To apply for an L&T Finance Personal Loan, you can do it online by going to their website. Look for the 'Personal Loan' option under 'Our Products,' and click on 'apply now.' Follow the instructions to check if you are eligible. Alternatively, you can apply offline by visiting L&T branches, making a phone call, or visiting mybankingtips.com to complete the final personal loan application with L&T Finance.
Also read: Best Personal Loan Balance Transfer
To find out the status of your L&T Finance Personal Loan application, you can either call the customer service help-desk numbers provided by the lender or visit any of the L&T Finance branches in person.
Also read: Best Personal Loan Salaried Employees
