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FAQ - L&T Finance

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The interest rates for a Personal Loan with L&T Finance start from as low as 11% p.a.*

Loans are processed quickly with approval in 2 minutes* and quick disbursals.

A good score (typically 750+) improves your chances for instant approval and helps secure the best interest rate.

To get an instant 7 Lakh loan, apply online through the website or use the PLANET app, fill in details, upload documents, and get approval quickly.

Use an online calculator to estimate your monthly EMIs. You just have to input the loan amount, interest rate and tenure to get the results.

There is no single minimum salary requirement; eligibility is assessed based on your net monthly income and credit score, ensuring you can comfortably repay the loan.

EMI depends on loan tenure, interest rate, income, and credit score.

Yes. Most banks and NBFCs allow you to apply completely online through their website or mobile app. You can upload your documents digitally, complete e-KYC, and receive approval without visiting a branch unless physical verification is specifically required.

Once your documents are verified and the loan is approved, disbursal typically happens within 24–48 hours. For pre-approved or existing customers, the amount may be disbursed instantly or within a few minutes.

A reputable lender will clearly disclose all charges upfront. Common fees may include processing fees, foreclosure charges, late payment penalties, and GST. Always review the loan agreement to ensure there are no undisclosed or unexpected charges.

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