Charge Type - Personal Loans | Details |
---|---|
Processing Fee | Up to 2% of loan amount + applicable taxes |
Repayment/EMI Bounce Charges | ₹ 350/- + applicable taxes if any |
Late Payment Interest/Charges | 3% per month on overdue EMI |
Part Prepayment Charges | Up to 5 % of prepaid amount + applicable taxes. |
Foreclosure Charges | 5% of principal outstanding + applicable taxes |
Annual Maintenance charges | Nil |
Legal /Recovery charges | As per actuals |
Duplicate NOC charges (Charge is applicable for paper copy post 3 free copies per customer) | ₹ 250/- + applicable taxes |
Repayment swap charges (per swap) | ₹ 500/- + applicable taxes (applicable only for branch walk-ins) |
Charges for documents like Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome Kit | Nil |
Cooling-off/ look-up period during which Borrower shall not be charged any penalty on prepayment of loan | 3 Days from the date of disbursement |
Loan cancellation charges post cooling off period of 3 days | 5% + applicable taxes on the outstanding loan amount |
Finance your aspirations today!
Apply NowThe process was user friendly and very smooth. Mukesh was very helpful in guiding me through the journey and gave me proper guidance.
I want to share that your customer care system is so caring that the client feels, they are in safe hands. Entire team works in synergy, which I personally appreciate. I thank the entire team for the great work you are doing for your clients.
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.
Have more doubts about Personal loans? Get all your queries answered here.
Reach out to L&T Finance on any device, across multiple channels.
If you prefer Self Help Option (SHO) Click here
Get them answered instantly.
By proceeding, I confirm that the information provided by me here is accurate. I authorize L&T Finance and/or its authorized representatives to contact me for any queries and/or my documents collection for the loan application. This will override registry on Do Not Disturb (DND)/National Do Not Call (NDNC)
Get A CallbackBrindavan Building, Plot No 177
Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098
To visit a branch of L&T Finance please Click here
Send 'Hi' or 'Hello' to : +91 7378333451
You may Call, SMS or e-Mail us for your loan related needs.