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L&T Finance Personal Loan

LTFS (L&T Financial Services) offers personal loans that provide a reliable solution to your financial needs, with competitive interest rates and flexible loan terms. With a maximum loan amount of ₹10 lakh, a tenure of up to 48 months, and interest rates ranging from 12% to 25% p.a., LTFS personal loans are an excellent choice for those seeking quick and affordable loans.

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Loan Highlights
Features
Eligibility criteria
Documents Required
How To Apply
FAQs
Partners
Articles
Testimonials

L&T Finance Personal Loan Highlights

Interest Rate
12-25% p.a.
Loan Amount
Up to ₹10 lakh
Tenure
Up to 48 months

Features of L&T Finance Personal Loan

Loan amount: The maximum loan amount you can avail of is ₹10,00,000, making it suitable for significant expenses such as home renovation, weddings, or debt consolidation.
Loan tenure: LTFS offers flexible loan tenures of up to 48 months, allowing you to manage your EMIs according to your financial capacity.
Interest rates: The interest rates range from 12% to 25% p.a., depending on your credit score and other factors.
Unsecured loan: LTFS personal loans are unsecured, meaning you do not need to provide any collateral to avail of the loan.
Fast approval and disbursal: The loan approval process is quick, and the funds are typically disbursed within a few business days.
Minimal documentation: : LTFS simplifies the application process with minimal documentation, making it easier and faster to apply.
Flexible EMI options: You can choose a repayment tenure of up to 48 months, ensuring that the EMI fits your budget.

Why Choose Moneycontrol?

Low Interest Rate
Instant Disbursal
Multiple Offers
100% Digital Process

Eligibility Criteria for L&T Finance Personal Loan

To qualify for a L&T Finance personal loan, applicants must meet the following eligibility requirements:

age
You must be between 21 and 60 years old.
Employment status
Both salaried and self-employed individuals can apply.
Income
The minimum monthly income requirement is ₹15,000 for salaried individuals
Credit Score
A minimum credit score of 650 or above is generally preferred. A higher score can help secure a better interest rate.
Residence
You must be a resident of India and have proof of residence in a serviceable location.
Existing loans
Your debt-to-income ratio should be manageable, meaning your existing loans and liabilities should not impact your ability to repay the new loan.

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Documents Required for L&T Finance Personal Loan

To apply for a L&T Finance personal loan, you will need to submit the following documents:

Identity proof: Aadhar card, Passport, Voter ID, or Driver’s Licence
Address proof: Aadhar card, utility bills, passport, or ration card
Income proof:
- For salaried individuals: Salary slip for the last 3 months or bank statement for the last 6 months.
- For self-employed individuals: ITR (Income Tax Return) or bank statement for the last 6 months.
Photographs: Passport-sized photographs.
KYC documents: Proof of identity and address as per KYC guidelines.
Application form: Filled application form with personal details and loan requirements.

Pick Your Loan Amount

How to apply for L&T Finance personal loan

You can apply for a L&T Finance personal loan loan online via Moneycontrol using the following steps:

1
Enter your details
2
Pick the best loan offer from multiple lenders including L&T Finance
3
Complete your KYC
4
Set up EMI repayment
5
Withdraw funds to your bank account

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FAQs about L&T Finance personal loan

What is the maximum loan amount I can get with an LTFS personal loan?

The maximum loan amount available is ₹10,00,000.

What is the interest rate for LTFS personal loans?

The interest rate ranges from 12% to 25% p.a., depending on factors such as your credit score and income.

How long does it take to get my loan approved and disbursed?

The loan approval process is typically fast, and the funds are disbursed within 1-3 business days.

Do I need to provide collateral for the loan?

No, LTFS personal loans are unsecured, meaning no collateral is required.

Can I repay the loan before the tenure ends?

Yes, you can prepay the loan early, but be aware that there might be prepayment charges depending on the loan agreement.

Can self-employed individuals apply for an LTFS personal loan?

Yes, both salaried and self-employed individuals are eligible to apply for an LTFS personal loan, provided they meet the income and document requirements.

Can I use a personal loan for business purposes?

While personal loans are generally intended for personal expenses, you should check with LTFS about using the loan for business purposes.

Can I transfer my personal loan to another lender?

Yes, LTFS allows you to transfer your personal loan to another lender if you want to avail of better terms or lower interest rates through a loan balance transfer.

Can I get this loan immediately without a salary?

A stable income source is necessary for loan approval. However, if you are self-employed or have alternative income sources, you may still qualify for the loan.

Can I prepay my personal loan early?

Yes, LTFS allows early repayment of personal loans, but prepayment charges may apply depending on the loan terms.

Can I apply for a personal loan without income proof?

Income proof is generally required for loan approval. However, LTFS may consider other income verification methods if you don’t have traditional income proof.

Can I get a personal loan with no credit history?

While no credit history can make it harder to get approved, LTFS may still consider your application based on other factors like your income, employment, and repayment capacity.

Our Lending Partners

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User Testimonials

I would like to thank Moneycontrol, few days back I met with an accident and I didn’t have much money to pay in one go. So, I took an instant cash advance from Moneycontrol. They helped me to clear all the medical bills in just 10 mins!

Suresh V Rangnathan

The overall experience with Moneycontrol was really good. I applied for an online personal loan and the service was very quick. The entire process was fast and smooth, and the loan was sanctioned without any hassles.