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Charge Type - Personal Loans Details
Processing Fee Up to 3% of loan amount + applicable taxes
Repayment/EMI Bounce Charges
Charges in Rs.Loan sanction amount in Rs.
500< 5 lacs
10005 – 50 Lacs
1500> 50 Lacs – 2 Cr
2000> 2 Cr
Penal Charge/Late Payment Charge (LPC) 2% per month (p.m.) on overdue EMI + applicable taxes*
*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
*Taxes applicable on LPC w.e.f. 1st April 2024
Part Prepayment Charges Up to 5% of prepaid amount + applicable taxes
Foreclosure Charges 5% of principal outstanding + applicable taxes
Annual Maintenance Charges Nil
Legal /Recovery Charges As per actuals
Duplicate NOC Charges (Charge is applicable for paper copy post 3 free copies per customer) 250/- + applicable taxes
Repayment Swap Charges (per swap) 500/- + applicable taxes (applicable only for branch walk-ins)
Charges for documents like Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome Kit Nil
Cooling-off/ look-up period during which Borrower shall not be charged any penalty on prepayment of loan 3 Days from the date of disbursement
Loan cancellation Charges post cooling off period of 3 days 5% + applicable taxes on the outstanding loan amount

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Empowering Your Goals.

Personal Loans

Personal Loans

The process was user friendly and very smooth. Mukesh was very helpful in guiding me through the journey and gave me proper guidance.

Jessie D'souza (Mangalore, Karnataka) Loan Disbursed in 2 hours
Personal Loans

Personal Loans

I want to share that your customer care system is so caring that the client feels, they are in safe hands. Entire team works in synergy, which I personally appreciate. I thank the entire team for the great work you are doing for your clients.

Vivek Kumar Grover (Delhi) Loan Disbursed in 2 hours
Personal Loans

Personal Loans

I have upskilled myself and look forward to starting my own venture soon. Smooth process, disbursement in 15 mins of process completion. Extremely satisfied with the assistance of the Call center.

Jasbir Kaur (Punjab) Loan Disbursed in 15 min

Know More About Personal Loans!

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6 Factors Affecting Your Personal Loans Interest Rate

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Everything You Need To Know About Instant Personal Loans

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Know Your Monthly Installment With Personal Loans EMI Calculator. Here's How.

Know Your Monthly Installment With Personal Loans EMI Calculator. Here's How.

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How To Avail An Online Personal Loans?

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Know What Makes Personal Loans Attractive

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Know What Makes Personal Loans Attractive

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Do More With Your

Personal Loans!

  • Multipurpose Loans
Personal Loans
  • With L&T Finance Personal Loans you can get personal loans of up to Rs 7 lakhs online. With attractive interest rates and easy online approvals, we provide the fastest and most flexible access to funds that can be used for many major life events and expenses. Whether it’s marriage, home renovation, education, or medical expenses, L&T Finance personal loans can help meet any financial need. Apply online now to make your needs a reality.

Our Achievements

Our Achivements
Our Achivements

Personal Loans

Personal Loans

  • Achieved a scale of 6749 Crore book as of March 2024
  • Successfully Catered to over 5,46,416 lakh customers as of March 2024

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Brindavan Building, Plot No 177
Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098

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