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Personal Loan in Nagpur - L&T Finance

Instant Personal Loan in Nagpur

When you need Personal Loan in Nagpur right away, turn to our instant Personal Loans in Nagpur offering up to ₹ 30 Lakh* with interest rates starting at 11%* p.a and a repayment tenure of up to 72 months. Our fully digitised application lets you submit the form, get approval within 2 minutes*, and access funds swiftly, whether for medical emergencies, travel, home renovation or debt consolidation.

Features & Benefits of Instant Personal Loan in Nagpur

  • Quick Loan Approval
    Receive approval within 2 minutes* for instant Personal Loans in Nagpur
  • Easy Loan Disbursement
    Get loans up to ₹ 30 Lakh* disbursed quickly into your bank account
  • Competitive Interest Rates
    Manageable EMIs with interest rates starting as low as 11%* p.a.
  • Minimum Documentation
    Get a quick process with minimal paperwork for a hassle-free application process.
  • No Collateral
    Unsecured loans mean no security or collateral is required
  • Top Up Facility
    Eligible existing borrowers can apply for a Top-Up on their current loan

EMI Calculator for Personal Loan in Nagpur

Our EMI calculator for Personal Loan empowers you to plan monthly instalments. Enter your desired loan amount, interest rate and tenure to instantly view EMIs and total interest payable. This helps you compare scenarios and choose the most affordable repayment plan before you hit the Apply Now button.

emi-calculator

Calculate your EMI on Personal Loan

Information

Estimate your EMIs in a few simple steps

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

How to Apply for a Personal Loan in Nagpur?

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

Eligibility Criteria for Personal Loan in Nagpur

To apply for a personal loan in Nagpur, ensure you meet the personal loan eligibility criteria. At L&T Finance, these criteria are straightforward and easy to fulfil.

TypeCriteria
ResidencyIndian resident
Age requirement21 years to 58 years
ProfessionSalaried or self-employed individuals

List of Documents Required to Get a Personal Loan in Nagpur

The documentation requirements vary for salaried and self-employed applicants. It’s important to organize all necessary personal loan documents in advance to ensure a smooth and hassle-free application process.

Document TypeRequired Document & Checks
Identity ProofPassport | PAN Card | Driver License |
Voter ID | Aadhaar Card
Address ProofUtility 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 ProofIncome proofs vary for different professionals
across salaried and self-employed.

Please find the easy detailed list of required documents here

TypeDocument
SalariedLast 3 month's salary slips / Form 16 /
Last 3 month's bank statement reflecting salary credits / Salary Certificate
Self EmployedLatest Income Tax Return (ITR)
Bank StatementLast 3 month's statement is mandatory
Residence Ownership ProofNot mandatory

Personal Loan Interest Rates and Charges in Nagpur

Apart from the Personal Loan Interest Rates in Nagpur, it’s important to be aware of the additional fees and charges before applying. Being informed in advance will help you stay prepared and avoid any unexpected costs later.

TypeInterest Rate and Charges
Interest RateStarting at 11%* p.a
Loan Processing Fees (non-refundable):Upto 4%* 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 AmountCharges
< ₹ 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( As per the latest NBFC Master Circulars )
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, including the Annual Percentage Rate (APR), will be as per the Key Fact Statement (KFS) shared by the company, which we strongly advise you to read thoroughly before committing.

Uses of Personal Loan in Nagpur

  • Medical Emergencies – Cover hospitalisation or critical care costs promptly
  • Home Renovation – Upgrade interiors, bathrooms and kitchens without tapping into savings
  • Weddings & Events – Plan ceremonies or family events stress-free
  • Education & Skills – Fund courses, certifications or coaching programmes
  • Travel & Holidays – Finance personal or business trips seamlessly
  • Debt Consolidation – Combine multiple obligations into one simple EMI

FAQs & Support

View all

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

Yes. Both salaried and self-employed applicants can apply for a loan in Rajkot.

What documents are required for a Personal Loan in Nagpur?

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

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

A good credit score improves approval chances and may help you secure better interest rates.

How can I apply for a Personal Loan in Nagpur 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 is the interest rate on Personal Loans in Nagpur?

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

Are there prepayment or foreclosure charges on loans in Nagpur?

Foreclosure charges are 5% of outstanding principal + taxes at L&T Finance.

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

L&T Finance provides loan approval in 2 minutes* with quick disbursal of the amount directly into your bank account.

What are the processing fees for Personal Loans in Nagpur?

Processing fees are up to 4%* of the loan amount + applicable taxes (non-refundable).

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

You can borrow up to ₹ 30 Lakh* as a digital Personal Loan in Nagpur.

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

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.

Testimonials

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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

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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

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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