What is the Moratorium Period in Personal Loan?
Oct 30, 2025 | 4 mins read
An instant Personal Loan in Hyderabad offers residents a fast, reliable solution to handle unexpected expenses, be it a medical bill, vehicle repair, urgent travel, or a family function. Get up to ₹ 30 Lakh with interest rate starting as low as 11% p.a.* for a tenure of 72 months.
In a city as dynamic as Hyderabad, time is of the essence. Whether you are a tech professional in Hitech City, a trader in Begum Bazaar, or a student in Tarnaka, the need for speed in financing is common. L&T Finance ensures that Personal Loans in Hyderabad are processed swiftly.
Once your eligibility and documents are verified, funds are usually disbursed quickly into your bank account. This makes a private loan in Hyderabad a preferred choice in Hyderabad.
Hyderabad is a hub of diverse personal and professional goals. A Personal Loan in Hyderabad is a versatile tool that can meet multiple financial needs:
From Jubilee Hills to Secunderabad, borrowers from all walks of life rely on Personal Loans in Hyderabad to fulfil urgent and aspirational needs.
Before taking any loan, it’s smart to calculate how much you’ll pay monthly. An EMI calculator for Personal Loan allows you to visualise your repayment plan. All you have to do is enter:
For example, a ₹ 3 Lakh loan at 12% interest for 2 years results in a monthly EMI of ₹ 14,130. The total repayment over 24 months is ₹ 3,39,120.
This calculator helps you:
L&T Finance’s online EMI calculator is accessible, easy to use, and helps you make an informed borrowing decision.
| Type | Criteria |
|---|---|
| Residency | Indian resident |
| Age requirement | 21 years to 58 years |
| Profession | Salaried or self-employed individuals |
| Document Type | Required Document & Checks |
|---|---|
| Identity Proof | PAN Card | Aadhaar Card |
| Address Proof | Utility bill of any service provider not more than 2 months old (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill) | Passport | Voter ID Card | Driving License |
| Income Proof | Bank Statement -Last 6 months' statement is mandatory |
| Type | Interest Rate and Charges |
|---|---|
| Loan Processing Fees (non-refundable): | Upto 3%* of Loan Amount + applicable taxes |
| EMI Dishonour/Bounce Charge* *A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate | As shown in the table below |
| Sanctioned Loan Amount | Charges |
| < ₹ 5 Lakh | ₹ 500 |
| ₹ 5 Lakh - ₹ 30 Lakh | ₹ 1000 |
| Late Payment Charges (LPC)/ Penal Charges: | 2% (p.m.) on EMI overdue + applicable taxes |
| *LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec'23 | |
| *Taxes applicable on LPC w.e.f. 1st Apr'24 | |
| Part Payment Charges: | Up to 5% of pre-paid amount + applicable taxes |
| Foreclosure Charges: | 5% of POS (Principal Outstanding) + applicable taxes |
| Legal/ Recovery Charges: | As per actuals |
| Duplicate NOC Charges: | First 3 paper copies - free of cost |
| From 4th Paper copy - ₹250 + applicable taxes | |
| Repayment Swap charges (per swap): | ₹500 + applicable taxes (applicable only for branch walk-ins) |
| Loan Cancellation Charge: | Nil - for 3 days from date of disbursal |
| From 4th day - 5%+ applicable taxes (on the outstanding loan amount) | |
| Document Charges: | Nil for Statement of Account (SOA), Repayment Schedule, Foreclosure Letter, Welcome Kit |
| Annual Maintainance Charges (AMC): | Nil |
*Terms & Conditions Apply. All actual charges will be as per Key Fact Statement (KFS) shared by the company.
If you are looking for trusted private finance in Hyderabad, L&T Finance offers a range of benefits that make it a preferred lending partner:
Apply for Personal Loan with these steps
1. Apply online in just few minutes
Select Personal Loan and click the 'Apply Now' button to start your seamless digital loan journey
2. Fill in your details
Enter your personal details, such as income details, current address, and more, to instantly check your loan eligibility
3. Get your customised offer
Explore personalised loan offers to match your needs. You may also get an options to enhance your offer
4. Set up E-mandate
Securely provide your bank details to easily register for an E-mandate, ensuring smooth loan repayments
5. Complete KYC
Verify your identity easily and securely with a quick KYC process from the comfort of your home
6. Get loan disbursement
Get your loan disbursement directly in your bank account, ensuring fast and seamless access to funds
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