Faqs - L&T Finance

Topics

What is the processing time for the ₹ 2 Lakh Personal Loan?

Approval for a ₹ 2 Lakh Personal Loan with L&T Finance is quick.

Can I prepay my ₹ 2 Lakh Personal Loan without any charges?

No, there are prepayment charges of up to 5% of POS (Principal Outstanding) + applicable taxes.

What documents are required for a ₹ 2 Lakh loan?

You’ll need ID proof, address proof and income documents.

What are the factors affecting your EMI for a ₹ 2 Lakh Personal Loan?

Loan amount, interest rate, and tenure primarily affect your EMI.

How can I calculate the EMIs for my ₹ 2 Lakh Personal Loan?

Use the EMI calculator by entering loan amount, tenure, and interest rate.

Can I get a Personal Loan of Rs 2 Lakh without any collateral?

Yes, Personal Loans are unsecured and don’t require collateral.

What credit score do I need for an instant Rs 2 Lakh loan?

You need a good credit score to qualify for an instant Rs 2 Lakh loan.

How is the interest rate for a ₹ 2 Lakh Personal Loan determined?

The interest rate is determined based on credit score and income profile.

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