FAQ - L&T Finance

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Income proof is not mandatory for Personal Loans. You can easily apply without a salary slip.

EMIs vary based on tenure; for 5 years, it's approximately ₹ 2,200.

Interest rates start from 11%* p.a. for a 1 Lakh Personal Loan.

Approval is quick, and funds are disbursed quickly into your bank account.

You must have good credit score to apply for an instant ₹ 1 Lakh loan.

Yes, our Personal Loan up to 1 Lakh does not require any collateral.

Yes, you can apply for a loan of 1 Lakh without income proof.

You can repay the loan over a period of up to 72 months.

A healthy CIBIL score increases your chances of approval and helps you secure better interest rates. A low score may lead to higher interest rates, lower eligibility, or loan rejection.

Yes. Self-employed applicants can opt for a ₹1 lakh personal loan by providing valid financial documents such as ITR, GST returns, and business bank statements to demonstrate income consistency.

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