Personal Loans!

A Personal Loan is an unsecured loan that can be availed for a variety of reasons such as education expenses, home renovation, wedding expenses, travel plan, medical expenses or for general purposes.

Key Features of L&T Finance Personal loans are Completely Digital Process, Quick disbursal, No Collateral/ Security, Minimum documentation.

Anyone in the age group from 21 years to 58 years on loan maturity can apply for a Personal loan, provided the applicant has the required documents.

We (L&T Finance Limited - Personal loans, agents, representatives) would like to keep our customers updated on their pre-approved personal loan offers. We do respect your privacy, and appreciate that some of you may not want to receive such information from us. If this is the case, click here to register for any/all the channels. Please note that by registering for the Do Not Disturb service of L&T Finance Limited - Personal loans you shall not receive such information for your pre-approved personal loan offers through the channels registered by you post 7 days from registration. To ensure that you may not receive any unsolicited commercial calls please contact your telephone service provider for registration in the National Do Not Call Register of Telecom Regulatory Authority of India (TRAI). If, however, you still receive any unwelcome call or SMS: Please write to us at [email protected] indicating, if possible, the telephone number or channel from which the call or SMS was made.

documents required for Personal Loan will be ID Proof, Address Proof, Income Document & Bank Statement.

ID Proof:
• Pan Card
• Aadhaar Card
• Passport
• Driver's License
• Voter's ID
Address Proof:
List of OVDs:
• Aadhaar Card
• Passport
• Driving License
• Voter's ID
List of Deemed OVDs:
• Utility bill of any service provider not more than two Months old [Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill]
• Property or Municipal Tax Receipt;
• Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address
• Letter of allotment of accommodation from the below employers issued by and Leave and License agreements with below employers:
a. State Government or Central Government Departments,
b. Statutory or regulatory bodies
c. Public sector undertakings
d. Scheduled commercial banks
e. Financial institutions and f. Listed companies.
• Rent Agreement [However, it has be coupled with any one of the above four Deemed OVD documents]
• Note: In case of Deemed OVDs submitted as address proof you are required to submit an OVD updated with your Current Address within a period of 3 months of submitting the deemed OVDs documents]
Proof (if required):
• Salaried – Latest 3 month's Salary Slips / Latest Form 16 / Last 3 month's bank statement reflecting salary credits / Salary Certificate
• Self Employed - Latest Income Tax Return (ITR)
• Bank Statement - Last 3 month's statement is mandatory
• Residence Ownership Proof - Not mandatory

No, Personal Loan is a 100% unsecured loan

One can get loan starting from ₹50,000 up to ₹30,00,000

The tenure can range from 12 months to 72 months

The interest rate starts from 11% onwards. Your interest rate depends on your Credit Score, Loan Amount and other Eligibility Criteria. Interest rates for the Loan will be at fixed rate.

Processing fee upto 3% of the loan amount will be applicable.

After approval of your loan, you will get an SMS from L&T Finance confirming the approval of your loan.

Personal loans is available in all the major towns and cities. One can apply to check the eligibility.

Apply for Personal Loan here Or call us at 18002680000.

Once a personal loan is approved, it is disbursed directly to your bank account details as updated in the loan application journey.

The EMIs for Personal Loans will be deducted from your bank account through ACH/ SI Mandate/ e-mandate. If the ACH is not honoured due to insufficient funds, then you can pay online via cash, pay at your nearest LTF branch or Airtel portals.

The repayment date of your Loan will be on the 3rd of every month.

There are no additional charges to be paid. The only charges applicable are as follows: Processing Fee (plus applicable taxes) and Insurance Premium (If opted for Insurance cover). All the above charges will be adjusted from your loan amount at the time of disbursement.

Yes, the Insurance facility provided with the loan is credit shield which will cover the loan outstanding in case of any unfortunate death of the customer. The premium will depend upon the age of the customer, loan amount and tenure of the loan and will be informed to the customer at the time of application process.

Part Prepayment Charges: Up to 5% of part prepaid amount + applicable taxes Foreclosure Charges: 5% of principal outstanding + applicable taxes (Post six months of lock-in-period from the date of first disbursement)

You can get all the above by emailing us at [email protected] with your loan account number

No, one can get loan up to ₹7,00,000 without any income proof.

following documents can be considered under Current Address Proof:
Address Proof:
List of Deemed OVDs:
• Utility bill of any service provider not more than two Months old [Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill]
• Property or Municipal Tax Receipt;
• Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, if they contain the address
• Letter of allotment of accommodation from the below employers issued by and Leave and License agreements with below employers:
a. State Government or Central Government Departments,
b. Statutory or regulatory bodies
c. Public sector undertakings
d. Scheduled commercial banks
e. Financial institutions and f. Listed companies.
• Rent Agreement [However, it has be coupled with any one of the above four Deemed OVD documents]
• Note: In case of Deemed OVDs submitted as address proof you are required to submit an OVD updated with your Current Address within a period of 3 months of submitting the deemed OVDs documents]