Apply Instant Personal Loan Online Upto ₹ 30 Lakh*

Apply for an Instant Personal Loan of up to ₹ 30 Lakhs with interest rate starting as low as 11% p.a.* for a tenure extending up to 72 months. Get quick access to funds for various purposes with our digitised application process. With quick disbursal, you can meet any urgent financial need. Whether it is for medical expenses, home renovation, travel, or debt consolidation. Apply for a personal loan with minimal documentation today and get quick access to funds.

Easy Disbursement

Avail quick digital disbursals for loan amount up to ₹ 30 lakh

Quick Loan Approval

Get approval in 2 minutes* ensuring a convenient financing solution

Competitive Interest Rates

Repay your loan with easy EMIs, interest rates starting from 11% p.a.*

Minimum Documentation

Apply for a Personal Loan with minimal documentation

Top Up Available

Eligible customers can get a Top Up Loan on an existing Personal Loan

No collateral required

No security or collateral is required to avail Personal Loan

Personal Loan EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹50,000

₹30,00,000

Interest rate (per annum)

11%

24%

Loan tenure (months)

12 months

72 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Personal Loan Eligibility & Documents Required

Eligibility for Personal Loan

Residency:

Indian resident

Age requirement:

21 years to 58 years

Profession:

Salaried or self-employed individuals

List of Documents Required for a Personal Loan

Identity Proof

Address Proof

Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc

Income Proof

Income proofs vary for different professionals across salaried and self employed Link: List of required income documents

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

Personal Loan Interest Rate

The Personal Loan interest rate plays a key role in deciding how much EMI you will pay every month. With L&T Finance, you can get attractive rates starting from 11% per annum*, making repayment easier and more affordable.

Interest rates may vary depending on your income, credit score, loan amount, and repayment capacity. You can use the Personal Loan EMI Calculator to check the exact EMI based on your loan details.

Key Terms Related to Personal Loan

Understanding some common terms used in Personal Loans can make the borrowing process easier and more transparent.

Principal Amount - The original loan amount you borrow from the lender.
Interest Rate - The percentage charged on the principal amount as the cost of borrowing.
EMI (Equated Monthly Instalment) - A fixed monthly payment that includes both principal and interest components.
Tenure - The period over which you agree to repay the loan, usually ranging from 12 months to 72 months*.
Prepayment - Paying back a part of your loan amount before the scheduled due date to reduce outstanding principal.
Foreclosure - Repaying the entire loan balance in one lump sum before the end of the tenure.
Credit Score - A 3-digit number (usually between 300 and 900) that shows your repayment history and financial health. A higher score increases the chances of loan approval at better rates.
Processing Fees - A one-time fee charged by the lender to process your loan application.
Top-Up Loan - An extra loan amount offered over your existing Personal Loan without the need for new collateral.
Balance Transfer - Moving your existing Personal Loan to another lender for better interest rates or terms.

FAQs & Support

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Are there any tax benefits associated with Personal Loans?

Generally, there are no tax benefits associated with Personal Loan repayments. However, you may be eligible for certain tax deductions if the loan is used for home renovation or business purposes.

What is the maximum Personal Loan that I can get?

The maximum amount for a Personal Loan you can get with L&T Finance is up to ₹30 lakhs.

Who all are eligible for a Personal Loan from L&T Finance?

All resident Indians with a valid ID proof and between 21 and 58 years of age are eligible for a personal loan from L&T Finance.

What are the documents required for a Personal Loan?

The documents for Personal Loan include identity proof, address proof, income proof, bank statements, and recent photographs.

What would be my installment payment date?

The repayment date of your Loan will be 3rd of every month.

What are pre-payment/foreclosure charges?

Part Payment: Permitted through decreasing EMI as well as decreasing tenure. Max 25% of outstanding amount allowed twice in one year after 6 months of loan servicing. Prepayment / foreclosure charges: Permitted; 5% of POS + GST

How can you register for Do Not Disturb?

We (L&T Finance Limited - Personal loans, agents, representatives) would like to keep our customers updated on their pre-approved personal loan offers. We do respect your privacy, and appreciate that some of you may not want to receive such information from us. If this is the case, click here to register for any/all the channels. Please note that by registering for the Do Not Disturb service of L&T Finance Limited - Personal loans you shall not receive such information for your pre-approved personal loan offers through the channels registered by you post 7 days from registration. To ensure that you may not receive any unsolicited commercial calls please contact your telephone service provider for registration in the National Do Not Call Register of Telecom Regulatory Authority of India (TRAI). If, however, you still receive any unwelcome call or SMS: Please write to us at [email protected] indicating, if possible, the telephone number or channel from which the call or SMS was made.

What are the loan tenure options for Personal Loans?

The loan tenure for a Personal Loan typically ranges from 12 to 72 months, depending on the lender’s policies.

Can I prepay/part-pay the loan? Are there any penalties?

Yes, part-payment and pre-prepayment can be done. Both incur a fee of 5% plus taxes.

How do I get my loan statements, repayment schedule and Pre closure projection?

You can get all the above by emailing us at [email protected] with your loan account number

Explore all FAQs

Personal Loan

I have upskilled myself and look forward to starting my own venture soon. Smooth process, disbursement in 15 mins of process completion. Extremely satisfied with the assistance of the Call Center.

Jasbir Kaur

Punjab

Personal Loan

I spotted an L&T Finance Consumer Loans ad and applied. After my verification call, my request for loan was approved and the loan amount was transferred in the following 24 hours. L&T Finance Personal Loans provided me timely, financial help.

Vinod Bidlan

Andheri, Mumbai

Personal Loan

I was aware of L&T Finance Consumer Loans, as I have already benefited from their services in the past. They had even clarified my doubts about T&C and loan process by calling me up at my convenient time. Because of such good support, I decided to take loan again from L&T Finance Personal Loans.

Chirag Mehta

Ahmedabad, Gujrat