Faqs - L&T Finance

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What is the maximum loan amount I can get in Madurai?

You can avail up to ₹ 30 Lakh* with our digital Personal Loan in Madurai.

What documents are required for a Personal Loan in Madurai?

Documents required include identity proof, address proof and income documents.

Can self-employed individuals apply for a loan in Madurai?

Yes. Self-employed professionals and business owners can apply for a loan in Madurai.

What is the interest rate on Personal Loans in Madurai?

Interest rates for a Personal Loan at L&T Finance start from as low as 11%* p.a.

How do I track my Personal Loan application status in Madurai?

You can get real-time updates about your loan application on your registered mobile number. You can also check your application status by logging in to our website or PLANET app with your registered mobile number and entering your application number.

How can I apply for a Personal Loan in Madurai through L&T Finance?

Visit our website, click Apply Now, complete the form, upload documents and receive funds quickly. You can also use the PLANET app to apply for a Personal Loan with L&T Finance in Nagpur.

Are there prepayment or foreclosure charges on loans in Madurai?

Foreclosure fees are 5% of the outstanding principal plus taxes. Part-payment fees are up to 5% of the amount prepaid plus taxes. Floating-rate loans have no foreclosure fees.

How long does it take to get a Personal Loan in Madurai?

Once you apply online for a Personal Loan in Madurai and submit required documents, approval is often granted within 2 minutes*. After that, our Personal Loan disbursement process begins and funds are transferred to your account quickly.

How does my credit score affect my loan eligibility in Madurai?

A good credit score significantly boosts your approval chances and can unlock lower interest rates.

What are the processing fees for Personal Loans in Madurai?

Processing fees are up to 3%* of the sanctioned loan amount plus applicable taxes and are non-refundable.

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