- 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
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65+Lending Partners
₹65k Cr+Loans Disbursed
Instant Personal Loan
Curated offers from 30+ lenders
Quick Loan Approval
Money in your account instantly
Minimal Documentation
Offers ranked according to eligibility
Quick Digital Disbursal
Hassle-free & paperless

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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
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
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
Apply Now
About L&T Finance Personal Loan
L&T Finance Personal Loan Interest Rates in 2026
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:
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:
Note: Income proofs shall vary for different professionals across salaried and self-employed individuals.
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
Apply Now
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FAQs
What are the current interest rates for L&T Finance personal loans?
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.
What is the maximum personal loan amount I can get from L&T Finance?
L&T Finance offers personal loans for loan amounts of up to Rs 30 lakh.
Can I use an L&T Finance personal loan for home renovation?
Yes, you can utilize the loan amount availed as personal loan for home renovation like painting, fencing, tiling, adding extra room, balcony, etc.
Can I get instant approval on L&T Finance personal loans?
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.
What is the minimum CIBIL score required for an L&T Finance personal loan?
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.
What documents are needed if I am self-employed?
If you are a self-employed professional, then you need to furnish the latest ITR and last 3 months’ bank statement.
Are there any part payment or foreclosure charges?
Yes, the part payment fees charged by the NBFC is up to 5% of the prepaid amount and up to 5% of the principal outstanding amount is charged as foreclosure charges.
How do I check the status of my personal loan application?
You can check the status of your L&T Finance Personal Loan application by calling on their customer service help-desk numbers. Secondly, you may visit any of the L&T Finance branches to check the status of your personal loan application.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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