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Debt Consolidation

Apply for a Digital 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 lakhs

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

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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
Apply Now

Eligibility & Documents

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Eligibility

Residency:

Indian resident

Age requirement:

21 years to 58 years

Profession:

Salaried or self-employed individuals

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Documents

Identity Proof

PAN and any one of the following- Aadhaar Card| Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address

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

Fees And Charges

List of all fees and charges for Personal Loan

L&T Finance

Seamless Loans, Simplified Experience

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

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How to Apply

Apply for Personal Loan with these steps

FAQs & Support

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How do you get the lowest Interest Rate on a Personal Loan?

To secure the lowest Personal Loan interest rate in India, maintain a high credit score, compare lender offers, and choose shorter loan tenures.

What is the current interest rate for a Personal Loan?

At L&T Finance, current Personal Loan interest rates start from 11%* per annum, depending on your creditworthiness and lender.

What are the documents required for a Personal Loan?

To meet the Personal Loan requirements, applicants must provide a Personal Loan documents list with valid ID proof (Aadhaar, Passport, Voter ID), address proof, PAN card, and recent bank statements. Salary slips are essential for salaried individuals, while self-employed applicants need proof of income. These documents required to get Personal Loan vary slightly based on employment type.

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 a Personal Loan EMI?

A Personal Loan EMI is the monthly instalment you pay to repay your loan. It includes both principal and interest components, facilitating systematic repayment.

What are the benefits of using a Personal Loan eligibility calculator?

A personal eligibility calculator provides instant results, simplifies the check loan amount eligibility process, and aids in better financial planning without affecting your credit score.

How is the Personal Loan EMI to be paid?

EMIs are deducted automatically from your Bank account through an ACH mandate, ensuring timely payments without manual intervention.

When does the floating interest rate change?

Floating interest rates change periodically, often influenced by changes in the repo rate or other economic factors, impacting the monthly repayment amount.

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.

Is Aadhaar mandatory for Personal Loans?

While Aadhaar is a commonly accepted form of ID in the Personal Loan documents list, it's not the only option. Applicants can use a passport, Voter ID, or driving license as alternatives for their Personal Loan requirements.

Explore all FAQs

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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Two Wheeler Loan

Thanks to L&T Finance, the process of buying my dream Bullet was swift and hassle-free. My family is elated, and we couldn’t be happier. Managing my EMI payments & checking the statement of account through the PLANET app is incredibly easy. I’m truly grateful to L&T Finance for making this dream a reality!

Dinesh Patil

Bhiwandi, Maharashtra

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Two wheeler Loan

I am very much satisfied with the loan scheme of L&T finance. They have approved the loan within a very short time and the Yamaha MT bike was one of my dream bikes and I got the bike with support and help of L&T finance and a bit of down payment.

Dhanashwam Taye

Bengaluru, Karnataka

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Two Wheeler Loan

I got a Loan from L&T Finance. It was a very smooth and easy loan process. I just brought my KYC documents and got the loan within five minutes, and the rate of interest is very low. I am really very pleased with L&T Finance.

Pramal Kumar

Bihar

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Business Loan

As a steel and aluminum trader, I needed constant capital post-COVID. L&T Finance's DLOD service impressed me with a seamless, fully digital process. Their executive guided me well, leading to a swift sanction. The competitive interest rate & round the clock transaction facility were game-changers for my business.

Jignesh Solanki

Mumbai

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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

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SME

The special aspects of L&T Finance SME Loans are their faster turn around time, minimal documentation. I had a very good experience with L&T Finance SME Loans and I recommended it to a lot of my Doctor friends who have equally benefitted.

Dr. Hrishikesh Chevle

Pathologist, Alpine Diagnostics

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Housing Loan

I was looking to buy a property and L&T finance Housing Loans stepped in forward to cater to all my demands, the ease of the documentation processes and their commitment to provide disbursement at the earliest. Whatever I asked, the team was there support at every step to get me through.

Mr. Sharad Pandey

Captain, Merchant Navy

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Housing Loan

The process of applying L&T Finance Housing loans was a very easy and seamless process. And the credit goes to L&T Finance's entire Housing loan team. They have been extremely helpful & quick response. A very transparent process, the best of the market rates and quick disbursement.

Amit Chaturvedi

Powai, Mumbai

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