What is a No Due Certificate? Full Form, Format & Benefits
Sep 16, 2024 | 4 mins read
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.
Avail quick digital disbursals for loan amount up to ₹ 30 lakhs
Get approval in 2 minutes* ensuring a convenient financing solution
Repay your loan with easy EMIs, interest rates starting from 11% p.a.*
Apply for a Personal Loan with minimal documentation
Eligible customers can get a Top Up Loan on an existing Personal Loan
No security or collateral is required to avail Personal Loan
Results generated by the calculator(s) are indicative in nature.
Preferred loan amount
Interest rate (per annum)
Loan tenure (months)
Estimated EMI
per monthInterest payable
₹3,029Indian resident
21 years to 58 years
Salaried or self-employed individuals
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
Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc
Income proofs vary for different professionals across salaried and self employed Link: List of required income documents
Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More
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
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
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 will be as per Key Fact Statement (KFS) shared by the company.
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
The maximum amount for a Personal Loan you can get with L&T Finance is up to ₹30 lakhs.
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... Read More
To secure the lowest Personal Loan interest rate in India, maintain a high credit score, compare lender offers, and choose shorter loan tenures.
At L&T Finance, current Personal Loan interest rates start from 11%* per annum, depending on your creditworthiness and lender.
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,... Read More
Generally, there are no tax benefits associated with Personal Loan repayments. However, you may be eligible for certain tax ... Read More
A Personal Loan EMI is the monthly instalment you pay to repay your loan. It includes both principal and interest components, facilitating systematic repayment.
A personal eligibility calculator provides instant results, simplifies the check loan amount eligibility process, and aids in better financial planning without affecting ... Read More
EMIs are deducted automatically from your Bank account through an ACH mandate, ensuring timely payments without manual intervention.
Floating interest rates change periodically, often influenced by changes in the repo rate or other economic factors, impacting the monthly repayment amount.
The maximum amount for a Personal Loan you can get with L&T Finance is up to ₹30 lakhs.
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... Read More
To secure the lowest Personal Loan interest rate in India, maintain a high credit score, compare lender offers, and choose shorter loan tenures.
At L&T Finance, current Personal Loan interest rates start from 11%* per annum, depending on your creditworthiness and lender.
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,... Read More
Generally, there are no tax benefits associated with Personal Loan repayments. However, you may be eligible for certain tax ... Read More
A Personal Loan EMI is the monthly instalment you pay to repay your loan. It includes both principal and interest components, facilitating systematic repayment.
A personal eligibility calculator provides instant results, simplifies the check loan amount eligibility process, and aids in better financial planning without affecting ... Read More
EMIs are deducted automatically from your Bank account through an ACH mandate, ensuring timely payments without manual intervention.
Floating interest rates change periodically, often influenced by changes in the repo rate or other economic factors, impacting the monthly repayment amount.
The maximum amount for a Personal Loan you can get with L&T Finance is up to ₹30 lakhs.
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... Read More
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.
Punjab
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!
Bhiwandi, Maharashtra
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.
Bengaluru, Karnataka
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.
Bihar
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.
Mumbai
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.
Ahmedabad, Gujrat
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.
Andheri, Mumbai
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.
Pathologist, Alpine Diagnostics
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.
Captain, Merchant Navy
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.
Powai, Mumbai
Sep 16, 2024 | 4 mins read
Nov 13, 2024 | 4 mins read
Nov 13, 2024 | 4 mins read
May 7, 2025 | 4 mins read
May 7, 2025 | 4 mins read
Mar 11, 2025 | 4 mins read
Mar 11, 2025 | 4 mins read
Apr 23, 2025 | 4 mins read
Mar 10, 2025 | 4 mins read
Nov 13, 2024 | 4 mins read
Sep 16, 2024 | 4 mins read
Nov 13, 2024 | 4 mins read
Nov 13, 2024 | 4 mins read
May 7, 2025 | 4 mins read
May 7, 2025 | 4 mins read
Mar 11, 2025 | 4 mins read
Mar 11, 2025 | 4 mins read
Apr 23, 2025 | 4 mins read
Mar 10, 2025 | 4 mins read
Nov 13, 2024 | 4 mins read
Sep 16, 2024 | 4 mins read
Nov 13, 2024 | 4 mins read
Nov 13, 2024 | 4 mins read
Get started with our digital Personal Loan journey for quick disbursal
Quick Links