Introduction:

L&T; Finance, under its Consumer Loans category, offers personal loans designed to cater to urgent financial needs such as festivals, weddings, home renovations, education expenses, and medical bills. With interest rates starting at 11% and loan amounts up to ₹7 Lakhs, borrowers have the flexibility of repayment periods that extend up to 48 months. Our fully digital and user-centric application process makes L&T; Finance an excellent choice for personal loan seekers.

Uncover Top Personal Loan Offers from L&T; Finance

Initiate your application by selecting your city and searching for L&T; Finance. Enter your desired loan amount along with your monthly net salary. By appointing UrbanMoney as your authorized agent to access your credit information from Experian and agreeing to their terms and conditions, you embark on a frictionless borrowing experience.

L&T; Finance Personal Loan: Detailed Overview

• Interest Rate: 12% - 20%
• Loan Amount: ₹50K - ₹7L
• EMI Per Lakh: ₹2,224 - ₹2,649

Processing Fees:

• Consumer Loan: Up to 2% of the outstanding principal plus applicable taxes
• Micro Loan: 1% of the loan amount plus applicable taxes

Pre-Payment Charges:

• Part Prepayment: Up to 5% of the prepaid amount plus applicable taxes (Part prepayment up to 25% allowed twice yearly)
• Foreclosure: 5% of the outstanding principal amount plus applicable taxes; Nil for Micro Loans

Advantages of Choosing L&T; Finance Personal Loan

• Competitive Rates: Enjoy affordable interest rates.
• Flexible Amounts: Loan amounts are structured to meet your financial needs.
• Convenient Repayments: Flexible repayment options aligned with your financial situation.
• Swift Processing: Expedient loan processing ensures timely disbursement.
• Minimal Documentation: Easy application with limited paperwork.
• Customized Solutions: Tailored loan terms and conditions to fit unique financial needs.
• Transparency and Ethics: Commitment to transparent processes.
• Dedicated Support: Customer support available for any inquiries.
• Online Management: Access all loan details through online portal.
• Security and Privacy: Assurance of safety for personal and financial data.

Eligibility and Documentation for L&T; Finance Personal Loan

The eligibility for an L&T; Finance Personal Loan is influenced by various criteria, including age, income, employment status, and credit history:

• Age: Between 21 and 60 years or retirement age, whichever is earlier.
• Employment Type: Available for salaried individuals and self-employed professionals.
• Income: Regular income demonstrating repayment capacity.
• Credit History: A robust credit score and history enhance approval chances.
• Documentation: Required documents include identity proof, address proof, income and employment proof, bank statements, and passport photos.

EMI Calculation for L&T; Finance Personal Loans

Easily calculate your EMI using the formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

(P: Principal, R: Rate of Interest, N: Number of Installments)

The Urban Money EMI Calculator simplifies calculations by inputting the principal, interest rate, and loan tenure for instant results.

Applying for L&T; Finance Personal Loan

1. Visit Urban Money’s website.
2. Check eligibility by entering basic details like employment type, income, age, and desired loan amount.
3. If eligible, complete the application form with accurate information.
4. Gather and upload necessary documents securely.
5. Urban Money will review and reach out for any required clarification.
6. If approved, receive a loan offer outlining details like loan amount, interest rate, and fees.
7. Accept the offer following Urban Money’s guidelines, post which funds are disbursed to your bank account.

For assistance, contact our customer care:

Customer Care: +91 1800 2587 702

Toll-Free: +91 915800 4777, 1800-102-0476

Chargeable: 912262125000

At L&T; Finance, we are committed to addressing your financial requirements with our personal loans. Apply now for a seamless experience marked by flexibility, transparency, and comprehensive support.