[2024] How to Apply Personal Loan in L&T Finance
How to Apply Personal Loan in L&T Finance Online | How to take Loan from L&T Finance Online | L&T Finance Personal Loan Apply Online 2023
How to Apply Personal Loan in L&T Finance – L&T Finance Pre-Approved Personal Loan Apply Online, Customer Care Number, Interest Rate, Eligibility, etc.: In today’s fast-paced world, the need for money is continuously increasing, and meeting them Sometimes it becomes challenging. In such a situation, people need a personal loan to meet their needs. But many people do not have information about personal loan, due to which they take loan from anywhere and get cheated. Due to lack of adequate information, many types of hidden charges and extra interest are taken from people.
How to Apply Personal Loan in L&T Finance
In such a situation, if this problem does not happen to you, then read this article completely, in this we are going to tell you about how to take a personal loan. When it comes to personal loans, L&T Finance is considered a reliable institution. L&T Finance has been providing personal loan facilities to people for years.
L&T Finance, a well-known non-banking finance company, offers a wide range of loans including personal loans to meet diverse personal needs. In this article, we will give complete information about L&T Personal Loan Apply Online 2023, and will also discuss the advantages, disadvantages etc. of l&t finance personal loan.
L&T Personal Loan Apply Online 2023 – Overview
In today’s fast-paced world, personal loan has become essential for individuals to meet their growing financial needs. But due to lack of sufficient information, people face difficulty in taking loan, in this article detailed information about L&T Finance Personal Loan Apply Online 2023 is given.
L&T Finance provides personal loan facility to people at interest rates of 12%. Applicants seeking loan from L&T Finance will have to meet the L&T personal loan eligibility, which is explained in detail in this article.
Name of Finance Company L&T Finance
Loan Type Personal Loan
Maximum Personal Loan Amount 7 Lakh
Minimum Personal Loan Amount 50 Thousand
Personal Loan Repayment Duration 12 Months to 48 Months
L&T Personal Loan Interest Rate 12%
Article Category Personal Loan
L&T Official Website www.ltfs.com
What is L&T Finance?
L&T Finance or L&T Finance Holdings Limited is a non-banking financial services company in India. Which provides various types of financial solutions to the customers, which include personal loan, home loan, vehicle loan, loan against property, agricultural equipment loan, SME loan etc.
L&T Finance is a trusted institution for individuals and businesses who seek various financial help for their needs. L&T’s services are largely paperless and its loan approval process is also quite fast. L&T Finance offers personal loan at an interest rate of 12% and home loan at an interest rate of 8.3%.
L&T Finance Personal Loan Details 2023
L&T Finance, a part of L&T Financial Services, offers personal loans to individuals in India. L&T Finance provides loan facilities to customers for various purposes. With attractive interest rates starting from 12% per annum, customers can avail personal loan amounts ranging from ₹50,000 to ₹7,00,000. The repayment tenure of L&T Finance Personal Loan ranges from 12 months to 48 months.
One of the key benefits of L&T Finance Personal Loan is the simplified digital process, which promotes a faster loan approval process with minimal paperwork. Both salaried individuals and self-employed professionals are eligible to apply for a personal loan without income proof.
Additionally, there is no guarantor or security required to apply for a consumer loan with L&T Finance. L&T Finance offers personal loans for a range of financial needs, including wedding expenses, hospital expenses, housing expenses, education expenses etc. “L&T Finance Personal Loan Apply Online – L&T Finance Pre-Approved Personal Loan Apply Online, Customer Care Number, Interest Rate, Eligibility, etc.”
Features of L&T Finance Personal Loan
- From L&T Finance you can take a personal loan of minimum Rs 50 thousand and maximum Rs 7 lakh.
- The institution gives you time ranging from 12 months to 48 months to repay the L&T Finance Personal Loan.
- Interest rates for L&T Finance Personal Loan start from 12% per annum. Further, which may vary depending on factors such as the credit score of the loan applicant, age and loan amount.
- L&T Finance offers a streamlined and completely digital application process for personal loans, which is completely paperless.
- L&T Finance offers personal loans to both self-employed professionals and salaried individuals.
- To take a loan from this institution, applicants do not need to show any kind of proof.
- No guarantor or security is required to avail a personal loan from L&T Finance.
- L&T Finance strives to provide prompt loans to customers and usually provides loan status reports within a maximum of 2 hours or 15 minutes.
What is L&T Finance Pre-approved Personal Loan?
L&T Finance Pre-Approved Personal Loan is provided by L&T Finance to those businesses who have a good relationship with L&T Finance. Pre approved loans are provided to the customers keeping in mind their financial stability.
L&T Finance Personal Loan Eligibility
- To apply for L&T Finance Personal Loan, applicants must fulfill the eligibility criteria prescribed by L&T Finance Institution, which are as follows:-
- Applicants must be Indian citizens to avail a personal loan from L&T Finance.
- To take a personal loan, the age of the applicant should not be at least 23 years and not more than 62 years.
- Eligibility of candidates can increase if they add other income sources like rent, co-applicants income etc.
- Salaried individuals, self-employed professionals and non-professionals can also apply for this loan.
L&T Finance Personal Loan Required Documents
To apply for a personal loan from L&T Finance, applicants must have the following documents:- “L&T Finance Pre-Approved Personal Loan Apply Online, Customer Care Number, Interest Rate, Eligibility, etc. .”
For Identity Proof
- Passport
- PAN card
- Aadhar card
- Driving License
- Voter Card
For Proof of Residence
- Ration card
- Electricity bill or
- Passport will have to be given
For income proof (if required)
For salaried-
- Last 3 months salary slip
- Form 16
- Bank statement of last 3 months (which includes salary)
for self-employment
- ITR
- Bank statement of last 3 months (mandatory).
L&T Finance Personal Loan Interest Rate 2023
On taking a personal loan from L&T Finance, loan holders may have to pay an interest of 12%. Apart from this, L&T finance Personal loan interest rate also depends on many other factors. Such as applicant’s CIBIL score, liability, EMI etc.
L&T Finance Personal Loan Fee and Charges
Parameter Description
Processing Fee 2% of the total loan amount + applicable taxes
Payment Bounce Charges Rs 350+ applicable taxes
Late Payment Interest Rate 3% per month
Part Prepayment Charges 5% of prepaid amount plus applicable taxes
Foreclosure Charge 5% of principal outstanding + applicable taxes
L&T Personal Loan Repayment Duration
Loan holders are given 12 months to 48 months to repay the L&T finance personal loan. Apart from this, loan repayment duration also depends on your EMI. If you repay the L&T finance personal loan on time, then in this case you will have to pay an extra fee of 5% of the total prepaid amount. “L&T Finance Personal Loan Apply Online – L&T Finance Pre-Approved Personal Loan Apply Online, Customer Care Number, Interest Rate, Eligibility, etc.”
How to Increase Eligibility for L&T Finance Personal Loan?
- Good CIBIL Score:- If your credit score is good then it increases your chances of personal public approval. Pay your credit bills on time to increase credit score.
- Stable Income Source:- The lender gives preference to applicants who have a stable income source.
- Pay the existing loan on time:- If you already have any kind of loan, keep it to a minimum and pay the loan EMI on time.
- Stable Job:- If you have a stable job then L&T Finance gives preference to applicants with stable job over those who keep changing jobs frequently.
- Maintain a low credit utilization ratio:- Keep your credit utilization ratio (the percentage of available credit you are using) below 30%. This shows that you are not overly dependent on credit.
- Provide accurate documents:- Make sure that you are providing accurate and correct documents for the loan application process.
L&T Finance Personal Loan Apply Online
To apply for L&T Finance Personal Loan online, follow the following steps:- “L&T Finance Personal Loan Apply Online 2023 – L&T Finance Pre-Approved Personal Loan Apply Online, Customer Care Number, Interest Rate, Eligibility, etc.”
- To apply for L&T Finance Personal Loan, first go to its official website.
- Now click on the consumer loan option in the menu bar on the homepage.
- Read all the necessary details about the loan carefully by clicking on the know more button in the Consumer loan section. Like interest rate, hidden charges, repayment period etc.
- Now click on the Apply Now button and proceed with the application process.
- Now enter your name and number to check whether you are eligible for the loan or not.
- After checking eligibility, enter all the required information in the application form.
- Upload the scanned copies of required documents along with the application.
- Re-check the information filled in the form and finally submit the application form and take a printout of the application form.
L&T Finance Personal Loan Customer Care Number
If you face any problem while applying for L&T Finance Personal Loan, you can call or mail the following customer care number.
- Contact Number:- +91 7264888777
- Email Addresses:- customercare@ltfs.com
- Mumbai:- 8655994737,pragnesh.patel@ltfs.com
- Kolkata:- 655994734, sumitkumar.mishra@ltfs.com
Conclusion
In today’s world, the need for money is increasing, due to which many people have become dependent on personal loans. However, due to lack of adequate information, people wishing to take a loan sometimes suffer losses. Therefore, before taking the loan, you should gather all the information about L&T Finance Personal Loan. This article provides detailed information about L&T Finance Personal Loan Apply Online.
L&T Finance offers personal loans starting at 12% interest to meet various needs. You can avail personal loans ranging from Rs 50 thousand to Rs 7 lakh. To repay this loan, L&T Finance Institute provides time from 12 months to 48 months to the loan holders.
The interest rates on L&T Finance Personal Loan can be up to 12%, although the interest rate largely depends on the CIBIL score of the person. When you apply for a personal loan from L&T, you may have to pay a processing fee of up to 2% of the total loan amount. “L&T Finance Personal Loan Apply Online – L&T Finance Pre-Approved Personal Loan Apply Online, Customer Care Number, Interest Rate, Eligibility, etc.”
FAQs
What percentage of interest is charged on L&T Finance Personal Loan?
L&T Finance Personal Loan charges interest up to 12%, the interest rates largely depend on your CIBIL score.
How to apply for L&T Personal Loan?
For L&T Finance Personal Loan, you can apply online by visiting the official website of L&T Finance services.
How can I avail L&T Personal Loan?
You can avail L&T Personal Loan by applying online from its official website, for this it is necessary that you are eligible for this loan.
What should be the salary to take L&T Personal Loan?
There is no salary based restriction for taking L&T finance personal loan, no matter what your salary is, you will be eligible to apply for the loan.
Can a non professional person take L&T Personal Loan?
Yes, anyone can avail L&T Personal Loan, even if they are non-professional.
What is the maximum personal loan you can take from L&T?
You can take a maximum personal loan up to Rs 7 lakh from L&T.
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