Faqs - L&T Finance

Topics

What is the current interest rate for Vikaas Loan?

The current interest rate for Vikaas Loan ranges between 18% and 24% per annum, offering flexibility based on individual borrower profiles.

How is the interest rate for Vikaas Loan determined?

The interest rate for Vikaas Loan is determined after a detailed assessment of various parameters. These include your credit score, which reflects your repayment history, the loan amount you require, the duration for repayment and whether the loan is for personal or business purposes.

Are there any special interest rate offers for Vikaas Loan?

You can call our customer care representatives to know about any promotional interest rates.

Can the interest rate on my Vikaas Loan be reduced?

A lower interest rate can be negotiated if you maintain a high credit score, choose a shorter repayment tenure or provide collateral where applicable.

Does the interest rate change during the loan tenure?

For fixed interest rate loans, the rate remains consistent throughout the tenure, offering stability. However, loans with variable or floating rates may change based on market conditions or economic fluctuations.

Is there a penalty for prepaying my Vikaas Loan?

No, L&T Finance allows you to prepay your loan without penalties. This flexibility helps you save on future interest costs and provides the freedom to close your loan early without additional charges.

Need Further Assistance?

Chat instantly with us or request a call.

faq chat

Chat with us

24x7
faq call

Talk to us

9.00 AM - 7.00 PM