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L&T Finance Personal Loan

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Instant Personal Loan

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Quick Loan Approval

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Minimal Documentation

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Quick Digital Disbursal

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

About L&T Finance Personal Loan

  • L&T Finance has tied-up with Paisabazaar to offer instant personal loans to fund various personal needs of its applicants at competitive interest rates.
  • The loan proceeds can be used for various purposes, such as medical emergencies, home renovation, wedding, vacation, education, debt consolidation, etc.
  • The lender claims to offer quick loan approval in just 2 minutes.
  • Existing personal loan borrowers can also apply for top-up personal loans depending on their eligibility.
  • The borrowing process is completely digital with minimal documentation.
  • Applicant can avail a maximum loan amount of Rs. 30 lakh with flexible repayment tenure.

L&T Finance Personal Loan Interest Rates in 2025

L&T Finance offers personal loans at an interest rate of 11% p.a. onwards. The personal loan interest rates for L&T Finance usually depend on several factors, such as applicant’s credit score, income, employment stability, employer’s profile and existing relationship with the NBFC.

L&T Finance Personal Loan Eligibility Criteria

To be eligible for a personal loan from L&T Finance, applicants must meet the following criteria:

  • Residency: Indian resident
  • Age requirement: 21 years to 58 years
  • Profession: Salaried or self-employed individuals

Documents required for L&T Finance Personal Loan

Find below a detailed checklist of documents required to apply for personal loan based on your employment type:​

  • Identity Proof: PAN and any one of the following, such as Aadhaar Card, Passport, Voter ID, Driving License, Job card by NREGA and Letter issued by the National Population Register containing details of name and address
  • Address Proof: Aadhaar card, Voter ID, Passport, Driving License, Last 2 months’ Utility Bills (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill)
  • Income Proof for Salaried: Last 3 month’s salary slips, Form 16, Last 3 month’s bank statement reflecting salary credits / Salary Certificate.
  • For Self-Employed: Latest Income Tax Return (ITR) and Last 3 months’ bank statement

Note: Income proofs shall vary for different professionals across salaried and self-employed individuals.

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L&T Finance Personal Loan Fees & Charges

L&T Finance applies various fees and charges to its personal loan. Below stated is a detailed representation. ​

Particular Charges
Processing Fees Up to 3% of the loan amount (Non-refundable)
Late Payment Charges 2% (p.m.) on EMI overdue
Part-payment Charges Up to 5% of pre-paid amount
Foreclosure Charges 5% of principal outstanding amount
Loan Cancellation Charges Nil – for 3 days from date of disbursalFrom 4th day – 5%+ applicable taxes (on the outstanding loan amount)
Document Charges Nil for Statement of Account (SOA), Repayment Schedule, Foreclosure Letter, Welcome Kit
EMI Bounce Charges Up to Rs. 1000
Repayment Swap charges Rs. 500
Duplicate NOC Charges First 3 paper copies – free of costFrom 4th Paper copy – Rs. 250
Legal/ Recovery Charges As per actuals

Note: All fees and charges mentioned above are exclusive of taxes and shall attract applicable taxes as per prevailing laws (e.g., GST).

How to Apply for L&T Finance Personal Loan Online

To apply for L&T Finance Personal Loan Online you need to visit Paisabazaar and follow the below mentioned simple steps:

Step 1: Visit the Paisabazaar’s official website or mobile app and click on ‘Personal Loan’ section.

Step 2: Enter your mobile number in the application form and click on ‘Proceed’ to receive an OTP.

Step 3: Authenticate with the received OTP and fill in the basic details to click on ‘Proceed’.

Step 4: Check and compare from all the available offers from multiple banks and NBFCs and click on ‘Apply Now’ as per your requirements.

Step 5: Fulfil the required details from the lenders to avail personal loan.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

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FAQs

The interest rates offered on L&T Finance personal loan is 11% p.a. onwards. However, the exact interest rate offered shall depend on your credit score, income, employment stability, employer’s profile, etc.

L&T Finance offers personal loans for loan amounts of up to Rs 30 lakh.

Yes, you can utilize the loan amount availed as personal loan for home renovation like painting, fencing, tiling, adding extra room, balcony, etc.

Yes, if you are a pre-approved customer of L&T Finance then you are eligible for instant personal loan with quick disbursal and no documentation.

The NBFC has not specified about the minimum CIBIL score criteria to be considered while offering personal loans. However, you should maintain a decent CIBIL score of at least 730+ to avail personal loan at competitive interest rates.

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What our customers say

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

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Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

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Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

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Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

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Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

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Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

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Suraj VermaDec 3, 2025

Same day approval. wow.

The loan was approved the same day — super smooth and transparent process.

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Shiv KumarDec 3, 2025

Best Loan Terms on My Credit Score in the Market

Paisabazaar helped me get a loan even with a borderline credit score. Really impressed with how smooth everything was.

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SunnyDec 3, 2025

Multiple offers in Minutes

Paisabazaar helped me compare multiple loan offers in minutes, and I got the best rate without any paperwork.

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Ankita BajajDec 3, 2025

Transparent Process and Multiple Options

Transparent process with detailed breakdown of EMIs and charges. Felt confident choosing a lender after comparing multiple offers.

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Akaash SinghDec 3, 2025
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