Regulated NBFCSalaried Employeesunsecured

L&T Finance Consumer Personal Loan

एलएंडटी फाइनेंस पर्सनल लोन

L&T Finance personal loan for salaried professionals up to ₹15 Lakhs via PLANET app.

Max Loan Amount

₹50,000 to ₹15,00,000

Interest Rate

11.50% - 24.00% p.a. (risk-grade fixed)

Tenure

12 to 60 months

Processing Fee

Up to 2.50% of loan amount + GST

✦ What It Is: Product Architecture & Regulatory Scope

L&T Finance's retail personal credit facility designed for salaried professionals and existing two-wheeler/farm loan customers seeking quick unsecured funding.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Foreclosure lock-in of 6 full months. • Foreclosure penalty of 3% to 4% + GST applies. • Minimum net monthly income requirement of ₹20,000.

✦ Key Benefits & Features

• High loan quantum up to ₹15 Lakhs without pledging assets • 100% digital paperless onboarding via PLANET by L&T Finance app • Fast sanction and disbursement within 24 hours • Backed by the prestigious Larsen & Toubro brand trust.

✦ Prepayment, Part-Payment & Foreclosure Rules

Prepayment allowed after 6 months; 3% to 4% foreclosure charges apply.

✦ Eligibility Requirements

Salaried corporate employees with minimum 1 year total work experience. Min Age: 21, Max Age: 58. Min Net Monthly Salary: ₹20,000. Min CIBIL: 700.

Min Age21 Years

Max Age58 Years

Min Monthly Income₹20,000

Min CIBIL Score700+

✦ Documents Required

• Identity & Address Proof: PAN Card, Aadhaar Card • Employment Proof: Employee ID card, appointment letter • Financial Proof: Last 3 months payslips, latest Form 16 • Bank Statement: Last 6 months bank statement showing salary credits.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Open PLANET by L&T Finance App > Personal Loan banner. Select amount and e-sign.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit ltfs.com > Consumer Loans > Personal Loan. Submit mobile number, PAN, and link bank statement via Account Aggregator.

Pathway C

Branch Walk-In Application

1. Visit nearest L&T Finance branch with 3 months salary slips, Form 16, and bank statements.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (L&T Finance Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on L&T Finance Consumer Personal Loan

What is the maximum loan limit in L&T Finance?

Up to ₹15 Lakhs depending on your net monthly salary and credit score.

What is the foreclosure charge?

3% to 4% plus GST on the principal outstanding after the initial 6-month lock-in period.

What is the minimum credit score required?

A minimum CIBIL score of 700 is recommended.