Faqs - L&T Finance

Topics

What charges do I have to pay when taking a Personal Loan for salaried employees?

Charges include processing fees, prepayment penalties and late payment penalties.

Can I foreclose or part-prepay the Personal Loan for salaried employees?

Yes, foreclosure or part-prepayment facility is available. The charges are up to 5% of principal outstanding plus applicable taxes. T&C Apply*

How much loan amount should I borrow as a salaried person?

Borrow an amount that aligns with your financial needs and EMI affordability. Use an EMI calculator to plan repayments.

How do I apply for a loan for salaried employees?

Apply online by filling out the application form and submitting the required documents for quick processing.

How long does the Personal Loan application process take for salaried employees?

Most applications are processed quickly within minutes.

What are the eligibility criteria for a loan for salaried employees?

Salaried individuals must meet age, income, credit score, and employment stability criteria.

How soon can I get a Personal Loan for a salaried employee?

You can receive disbursal within 24-48 hours of loan approval.

How is Personal Loan eligibility calculated based on salary?

To determine eligibility, we assess your income, existing liabilities and credit score.

What is the online approval process for a salaried Personal Loan?

Submit your application and documents online for verification. Once approved, the amount is disbursed directly to your bank account.

What will happen if I do not repay my EMIs as per schedule?

Missing EMIs can result in penalties, a reduced credit score and potential legal action.

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 - 6.00 PM