Faqs - L&T Finance

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Are there prepayment or foreclosure charges on loans in Kolkata?

Yes, there are prepayment charges of 5% of POS (Principal Outstanding) + applicable taxes.

What will the EMI be for a ₹ 50 Lakh Home Loan for 20 years?

The EMI for a ₹ 50 Lakh Home Loan for 20 years is around ₹ 43,867 at 8.70% p.a.

Are there any hidden charges in a Personal Loan Balance Transfer?

L&T Finance does not have any hidden charges. We ensure complete transparency and provide a detailed Key Fact Statement (KFS) to the customer outlining all fees and charges before sanctioning the loan, in accordance with RBI guidelines.

How can I repay my two-wheeler loan?

You can repay your two-wheeler loan with a range of options. This includes eNach (Net Banking, Debit Card, Aadhaar, UPI), physical mandate through direct bank transfers, online payment through L&T Finance website. You can also repay through cheque & cash by visiting your nearest L&T Finance branch.

How do you get the lowest Interest Rate on a Personal Loan?

To secure the lowest Personal Loan interest rate in India, maintain a high credit score, compare lender offers, and choose shorter loan tenures.

Is a PAN card sufficient for getting a Personal Loan?

Yes, but you may also require basic income proof and address proof.

How much is the EMI on a ₹ 35 Lakh Home Loan?

Around ₹ 30,707 per month for 20 years at 8.70% interest.

Who can opt for the balance transfer facility?

Any borrower who meets the eligibility criteria set by the new lender can opt for the balance transfer facility. This includes meeting the age, residency, and income criteria specified in the Eligibility section above.

How does credit score impact the Two Wheeler Loan interest rates?

A high credit score typically leads to lower interest rates as it indicates low credit risk, while a low score may increase rates due to higher perceived risk by lenders.

What is the current interest rate for a Personal Loan?

At L&T Finance, current Personal Loan interest rates start from 11%* per annum, depending on your creditworthiness and lender.

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