Faqs - L&T Finance

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What is a Pre-Approved Personal Loan?

It is a loan offer given to eligible customers based on their credit profile, before they even apply.

What Are the Benefits of a Pre-Approved Personal Loan?

Quick approval, limited paperwork, and fast disbursal make it ideal for urgent needs.

How Can I Apply for a Pre-Approved Personal Loan?

Apply online through our website or use the PLANET App to get a Pre-Approved Personal Loan.

What is the Difference Between Pre-Approved and Regular Personal Loans?

Pre Approved Loans are already sanctioned in principle, while regular loans go through full checks.

What Are the Interest Rates for Pre-Approved Personal Loans?

Pre-Approved Personal Loans interest rates at L&T Finance start from as low as 11% p.a.*

How Much Can I Borrow With a Pre-Approved Personal Loan?

It depends on your eligibility, income and credit history. L&T Finance offers up to ₹ 30 Lakh.

What is the Repayment Tenure for a Pre-Approved Personal Loan?

Tenure for Personal Loans at L&T Finance ranges up to 72 months.

Do I Need to Provide Collateral for a Pre-Approved Personal Loan?

No. These loans are unsecured and do not need any asset as security.

What Paperwork is Required for a Pre-Approved Personal Loan?

Usually none or very minimal documents are required. KYC and income proofs may be requested if not already available.

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