Faqs - L&T Finance

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What is a Personal Loan for Government Employees?

It is an unsecured loan offered to central or state government staff which can be used for multiple personal uses.

How much Personal Loan can a Government Employee get?

You can get a Personal Loan of up to ₹ 30 Lakh with L&T Finance.

What is the Personal Loan interest rate for Government Employees?

The interest rate for a Personal Loan at L&T Finance starts as low as 11% p.a.*

Who is eligible to apply for a Personal Loan for Government Employees?

Indian citizens aged between 21 to 58 years can apply for a Personal Loan with L&T Finance.

What documents are required for a Personal Loan for Government Employees?

ID proof, address proof and income proof is all you need to apply for a Personal Loan for Government Employees.

What is the maximum loan amount a Government Employee can get?

You can get a maximum amount of up to ₹ 30 Lakh as Personal Loan with L&T Finance.

What is the tenure for repayment of a Government Employee Personal Loan?

The tenure for the repayment of a Personal Loan for Government Employees ranges up to 72 months with L&T Finance.

Are there any prepayment or foreclosure charges?

Yes, prepayment charges of 5% of POS (Principal Outstanding) + applicable taxes apply on prepayment of Personal Loans with L&T Finance.

How long does it take to get loan approval for Government Employees?

You can get your loan approved within 2 minutes* with L&T Finance if you fulfil the eligibility criteria and provide the right documents.

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