L&T Personal Loan
Get an L&T Finance Personal Loan at competitive rates with minimal documentation, zero hassles, and no collateral.
Why Choose L&T Finance
Minimal documentation
Easy disbursal
Quick approval
Why Choose
Park+
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Approval in
30 seconds
Loan amount
upto 15 lakhs
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L&T Finance Personal Loan
L&T Finance is one of the leading personal loan providers, helping individuals to meet their financial needs on time. The personal loan is an unsecured loan and can be used for any purpose - wedding expenses, education, buying a new car, settling existing debts, home renovation, travel, covering medical costs or for any other purpose.
L&T Finance ensures instant personal loans with minimum documentation and zero hassle. And in this journey of yours to get a loan, Park+ is there to make it smoother.
L&T Finance Personal Loan Interest Rates in
When buying a personal loan, interest rates play an important role. Interest rates define the repayment tenure, the amount of interest and the total amount of the loan.
L&T Finance personal loan interest rates in 2026 range between 11% p.a. - 12% p.a. This personal loan provider offers borrowing at competitive interest rates, making it easier for borrowers to repay the amount without facing any financial strain.
What are the eligibility criteria for an L&T Finance personal loan?
To apply for a personal loan, individuals have to meet the eligibility standards of the respective loan provider. Every provider has its own terms and conditions. The personal eligibility criteria are defined by demographic factors, credit score, existing debt (if any), and several other determinants.
Always check the personal loan provider’s eligibility criteria before filling out the application. Submitting the personal loan application form without being sure might result in rejection, creating a negative impression among other providers.
Take a look at the L&T Finance personal loan eligibility criteria:
| Factors | Criteria | Why is this required? |
|---|---|---|
| Age | 21 - 58 years | To determine loan repayment capacity. |
| Employment type | Salaried/Self-employed | To understand the income type, stability and risk involved. |
| Minimum employment tenure | 1 year (continuous employment) | For risk mitigation and ensuring income stability. |
| Identity proof | Yes, a valid identity proof | For verifying the true identity. |
| Address proof | Yes, a valid address proof | For confirming the residence/address. |
| Income proof | Yes (depending on the employment type) | For risk assessment and repayment capability. |
| Credit score | Good score | For risk evaluation, determining interest rates, loan approval/rejection and understanding the creditworthiness. |
Note:Bold Apply for a personal loan only after thoroughly checking the eligibility criteria to avoid the possibility of rejection.
What are the documents required for an L&T Finance personal loan
When applying for a personal loan, the applicants have to submit a couple of documents for identity, residence and income verification. Providing valid documents builds trust and confidence and helps loan providers to assess the risk involved, determine the interest rates, repayment tenure and loan amount.
For applying L&T personal loan, keep these documents handy:
| Document type | Documents | Why is this required? |
|---|---|---|
| Identity proof | Passport/PAN card/Voter’s ID/Aadhar card/Driving Licence | To determine loan repayment capacity. |
| Address proof | Passport/Utility bills/Voter’s ID/Aadhar card/Driving Licence/Job card issued by NREGA/Letter issued by National Population Register with name and address mentioned on it | To understand the income type, stability and risk involved. |
| Income proof (Salaried) | Last 3 months’ bank statement (showing income credited) Last 1 month's salary slips Clear passport-sized photograph | For risk mitigation and ensuring income stability. |
| Income proof (Self-employed) | Audited financials of the last 2 years Last 6 months’ bank statement Residence or office proof Proof of business continuity | For verifying the true identity. |
Note: Depending on the profile, the loan provider may ask for any other document/(s), if required.
L&T Finance Personal Loan Fees & Charges
A personal loan carries with it a few fees and charges. The various charges involved in the L&T personal loan are:
| Type of Fee/charges | Rate (%) | Description |
|---|---|---|
| Interest rate | 11% p.a. - 12% p.a. | The cost of borrowing. |
| Processing fees | Up to 4% of the loan amount + applicable taxes | This is a one-time, non-refundable fee for processing the loan application. |
| Annual Percentage Rate (APR) | 11.50% p.a. - 17% p.a. | The total yearly cost of a loan or the cost of borrowing. |
MCLR Rates 2026 of L&T Finance
Marginal Cost of Funds-based Lending Rate (MCLR) is the minimum rate of interest at which the personal loan is offered. The MCLR is decided by individual banks or lending institutions; however, the guidelines to determine this rate are framed by the RBI (Reserve Bank of India).
Though the MCLR might vary depending on the banks, but they have to follow the guidelines or structure provided by the apex banking body - RBI.
The MCLR rates for L&T rates effective from July 15, 2025 are:
| Tenure | MCLR (%) |
|---|---|
| Overnight (ON) | 7.95% |
| 1 month | 7.95% |
| 3 months | 8.35% |
| 6 months | 8.70% |
| 1 year | 8.80% |
| 2 years | 8.85% |
| 3 years | 8.90% |
*The interest rate depends on the MCLR, and if it changes, the interest rate will also be affected.
How to Apply for L&T Finance Personal Loan Online on Park+?
The application process for the L&T Finance personal loan is simple and can be performed easily online.
The simple to perform steps include
Step 1. Visit Park+ and go to the ‘Personal Loan’ section.
Step 2. Provide the key details - name (as per PAN card).
Step 3. Select the employment type - salaried or self-employed.
Step 4. Click on ‘Check Now’ after reading the undertaking.
Step 5. Check the L&T personal loan offers and complete the application.
Note: Try using the personal loan EMI calculator to pick the loan amount that suits you budget.
Why Opt for L&T Finance Personal Loan
L&T Finance is undoubtedly one of the leading personal loan providers in India.
The other key highlights that make it stand out are:
- It offers competitive interest rates, making it easy for individuals to manage their finances.
- Online processing of the personal loan application.
- Check the eligibility criteria online.
- Plan your finances using the online personal loan EMI calculator.
Top Benefits of L&T Personal Loan
Competitive interest rates
Fast approval & quick disbursal
Minimal documentation
Flexible repayment tenure
L&T Finance personal loan details
Loan Details | Information |
|---|---|
Interest Rate | Starting from 11% p.a. |
Loan Amount | Up to 15 lakh |
Tenure | Up to 72 months |
Processing Fee | up to 4% of the loan amount + applicable taxes |
Foreclosure charges | Up to 5% principal outstanding... |
Annual maintenance charges | NIL |
How to apply for an L&T Finance personal loan on Park+
Step 1
Enter Key Details
Initiate the personal loan application process by providing some key information - personal and employment details.
Step 2
Upload KYC and Income Proofs
Upload the clear copies of the KYC documents and income proof based on the employment type for quick verification.
Step 3
Set EMI autopay for quick disbursal
Activate EMI Autopay today and enjoy a smooth disbursal process for L&T Finance personal loan. Ensure timely payments with automated EMIs.
How to apply for an L&T Finance personal loan on Park+
Documents required for the L&T personal loan application for salaried
Salaried employees must have the following documents for quick verification: last 1 month's salary slips or last 3 months of bank statements, and a passport-size photograph
Documents required for the L&T personal loan application for self-employed
Self-employed professionals should have the following documents at the time of applying for a personal loan: last 6 months' bank statement/financial audits for the last 2 years, proof that the business is running, and office/residence address proof.
Who is eligible for loan
Residency
Indian Resident
Age
20-58 years
Credit Score
Between 300-900
Employments
Minimum 1 year
Other loan providers
Personal Loan EMI Calculator
Principal Amount
₹0.00
Interest Amount
₹0.00
Total Amount Payable
₹0.00
EMI per month
₹0.00
Testimonials
Aman Jha, Mumbai
Personal loan customer at Park+
Verified User
Compared interest rates on every platform I could find. Park+ still offered me the lowest rate. The entire loan journey from checking eligibility to receiving the money felt surprisingly smooth and easy.
2025-09-02
Md. Atif, Noida
Personal loan customer at Park+
Verified User
I did not want to depend on family or friends again. With Park+ the loan was approved in minutes with no explanations and no awkward questions. It genuinely felt like someone finally understood what hassle free lending should be.
2025-12-20
Rajesh Shakya, Delhi
Personal loan customer at Park+
Verified User
When my car broke down, I urgently needed funds for the repair. Park+ Money helped at the right moment. Quick approval, clear communication and the money reached me fast. It honestly saved me from a big inconvenience.
2025-08-24
Suresh Singh, Chandigarh
Personal loan customer at Park+
Verified User
Zero paperwork and zero calls. I did not have to upload multiple documents or wait for long verifications. Park+ directly transferred the money into my account. This was the smoothest and most stress free loan experience I have had.
2025-03-16
Ganesh VV, Chennai
Personal loan customer at Park+
Verified User
I was worried about missing my credit card payment. Park+ made the process effortless. It took less than 5 minutes to get the loan and clear the bill. A fast and reliable option when you need help immediately.
2025-06-20
FAQs
Yes, L&T Finance allows users to prepay their personal loans, though some terms and conditions might apply.
Which factors affect the L&T personal loan interest rates?
The personal loan interest rates are affected by the loan amount, credit score, income, DTI, repayment tenure, economic conditions and lender’s policies.
How can I apply for L&T Finance personal loans online?
Park+ offers a simple and trusted online platform, helping individuals to apply for an L&T Finance personal loan. You can also visit the official website of L&T Finance.
Are there any foreclosure charges for the L&T Finance personal loan?
Yes, there are foreclosure charges. Refer to the L&T Finance personal loan to understand the charges and other conditions involved.
How can I get instant approval for an L&T Finance personal loan?
To get instant approval and disbursal of the L&T Finance personal loan, you should be a pre-approved customer.