Personal Loan in Madurai up to ₹30 Lakhs: Apply Online

Instant Personal Loan in Madurai

If you need Personal Loan in Madurai immediately, L&T Finance offers up to ₹ 30 Lakh* with rates starting at 11%* p.a. and repayment tenure of up to 72 months. Apply through a fully digitised journey and secure approval within 2 minutes*. Our instant Personal Loan in Madurai is ideal for covering medical emergencies, travel, home repairs or debt consolidation.

Quick Disbursement of Personal Loans in Madurai

Our streamlined Personal Loan disbursement process ensures funds are transferred into your account quickly after approval. With digital application, minimal paperwork and e-mandate setup, we aim to eliminate any delays. From applying online to receiving money, every step is paper-free and quick.

Features & Benefits of Instant Personal Loan in Madurai

Competitive Interest Rates	Our Personal Loan interest rates in Madurai have affordable interest rates
High Loan Amount	Get a high loan amount of up to ₹ 30 Lakh*
Flexible Tenure	Choose repayment tenure of up to 72 months
Digitised Process	Apply online with support from a dedicated relationship manager
Minimal Documentation	Quick application process with minimal paperwork

Uses of Personal Loan in Madurai

Medical Emergencies – Cover hospitalisation, diagnostics or critical care costs immediately
Home Renovation – Upgrade interiors, kitchens or bathrooms for enhanced comfort
Wedding & Events – Finance ceremonies, travel and gifts without depleting savings
Education & Skill Development – Fund courses, coaching or certifications for career growth
Travel & Holidays – Plan family vacations or business trips seamlessly
Debt Consolidation – Combine high-interest debts into one manageable EMI

EMI Calculator for Personal Loan in Madurai

Our EMI calculator for Personal Loan helps you plan your outgo. Enter your desired loan amount, interest rateand tenure to instantly view your estimated monthly EMIs. Compare different scenarios and select the most affordable tenure before you apply.

Eligibility Criteria for Personal Loan in Madurai

Type	Criteria
Residency	Indian resident
Age requirement	21 years to 58 years
Profession	Salaried or self-employed individuals

Documents Required to Get a Personal Loan in Madurai

Document Type	Required Document & Checks
Identity Proof	Passport \| PAN Card \| Driver License \| Voter ID \| 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	Income proofs vary for different professionals across salaried and self-employed.

Please find the easy detailed list of required documents here

Type	Document
Salaried	Last 3 month's salary slips / Form 16 / Last 3 month's bank statement reflecting salary credits / Salary Certificate
Self Employed	Latest Income Tax Return (ITR)
Bank Statement	Last 3 month's statement is mandatory
Residence Ownership Proof	Not mandatory

Personal Loan Interest Rates and Charges in Madurai

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
Duplicate NOC Charges:	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
Loan Cancellation Charge:	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.

Why Choose L&T Finance for Personal Loans in Madurai?

Fully Digitised Process – Apply online anytime and track your application in real time
Customised Solutions – Tailored Personal Loan in Madurai services to suit your needs
Dedicated Relationship Manager – Personalised support at every stage of your loan journey
Transparent Charges – No hidden fees, with clear costing on interest, processing and prepayment

How to Apply for a Personal Loan in Madurai

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

FAQs & Support

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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 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 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.

What documents are required for a Personal Loan in Madurai?

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

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.