FAQs

A Consumer Loan is an unsecured loan that can be used for variety of reasons such as education, home renovation, wedding, travel, medical or for general purposes.

Anyone in the age group from 25 years to the age of 58 years on loan maturity can apply for a Consumer Loan, provided the applicant has the required documents.

Aadhar Number, Pan Number, Current address proof & bank details

The following documents can be considered under Current Address Proof: Aadhaar, Passport, Voter ID, Driving Licence, Water Bills, Electricity Bills, Mobile Postpaid Bill, Municipal/Property Tax receipt, National Population Certificate, Job Card by NREGA.

No, one can get loan up to ₹7,00,000 without any income proof

No, this is 100% unsecured loan

One can get loan starting from ₹50,000 up to ₹7,00,000

The tenure can range from 12 months to 48 months

The interest rate starts from 11% onwards. Your interest rate depends on your Credit Score, Loan Amount and other Eligibility Criteria. Interest rates for the Loan will be a fixed rate(reducing balance).

Processing fee of 1.75% to 2% of the loan amount will be applicable

After approval of your loan, you will get an SMS from L&T Finance confirming the approval of your loan.

Key Features of L&T Finance Consumer Loan are : Completely Digital Process, Quick disbursal; Transparent; No security needed; Minimum documentation.

Consumer Loan is available in all the major town and cities. One can apply on ( APPLY NOW) to check the eligibility.

Click on the link to apply for loan (APPLY NOW)

Once a personal loan is approved it is disbursed directly to your bank account.

The EMIs for Personal Loan will be deducted from your bank account through ACH/SI mandate/e-mandate. If the ACH is not honoured due to insufficient funds, then you can pay online via cash, paynearby (pay at your nearest LTFS branch) Airtel portals.

The repayment date of your Loan will be 3rd of every month.

There are no additional charges to be paid. The only charges applicable are as follows: –Processing Fee plus applicable taxes Insurance Premium, HospiCash Insurance Preminum (If applicable)All the above charges will be adjusted in your loan amount at the time of disbursement

Yes, the Insurance facility provided with the loan is credit shield which will cover the loan outstanding in case of unfortunate death of the customer. The premium will depend upon the age of the customer, loan amount and tenure and will be informed to the customer at the time of application process.

Part Payment: Permitted through Decreasing EMI as well as Decreasing tenure. Max 25% of outstanding amount, allowed twice in one year; after 6 months of loan servicingPrepayment / foreclosure charges: Permitted; 5% of POS + GST

You can get all the above by emailing us at customercare@ltfs.com with your loan account number XXXXXXX

SHOW MORE