Faqs - L&T Finance

Topics

What are the common fees for a Vikaas loan?

Common fees include processing charges. No other charges are included.

How can I avoid prepayment penalties?

Review the loan agreement for prepayment terms and discuss waiver possibilities with the lender before prepaying.

Is there a fee for changing the loan repayment schedule?

No, there are no charges for changing the loan repayment schedule.

How are the foreclosure charges calculated for early repayment?

Foreclosure charges are not applicable for Vikaas Loan.

Are there any charges for part-payment or reducing my loan principal?

No, there are no charges on part-payments.

Is the processing fee refundable if my loan application is rejected?

You can contact our customer care to know about it.

Do I have to pay any fees if I decide to extend the loan tenure?

Contact L&T Finance customer care service to know more.

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