L&T Finance Personal Loan: Personal Loan Without Income Proof 2023

L&T Finance Personal Loan is available with fair interest rates and flexible EMI for a long tenure. The loan is available through this app through a fully digital and contactless process. You do not need to submit income proof while applying for the loan here. Here, you get a loan of up to Rs 7 lakh on flexible EMI for a long tenure without income proof.

You will get L&T Finance personal loan with an annual interest rate of 11% to 19% to meet your monetary requirements. You can use this money for bill payments, home renovation, personal expenses, etc. L&T Finance Personal Loan can prove profitable for you Due to with low-interest rate, bearing paperless process, repayment tenure, etc.

L&T Finance Personal Loan Login

Interest RateCompetitive Interest rates start at 11% to 19% p.a.
Personal loan ProcessCompletely digital, Contactless, Paperless Process
Processing FeeProcessing Fees of Up to 2.25% will be deducted from the loan amount + GST
Loan tenure24 months to 48 Months
Maximum Loan AmountUp to 7 Lakh at flexible EMIs
Age Limit23 – 57 years old.
CitizenshipIndian Citizen
Example LoanLoan Amount: Rs 50,000
Tenure: 12 Months
Interest Rate: 18% (on Reducing Principal Balance Interest Calculation)
EMI Amount: Rs 4,583
Total Interest Payable: Rs 5,007
Processing Fees (incl. GST): Rs 1,328
Disbursed Amount: Rs 50,000 – 1,328 = 48,672
Total Amount Payable: 55,007
L&T Finance Customer care number1800-209-4747
[email protected]
[email protected]
Company DetailL&T Finance Services,
2nd Floor, Brindavan, Plot No. 177
C.S.T Road, Kalina, Santacruz (East)
Mumbai – 400098
Foreclosure Charges5% of the Principal Outstanding Amount + GST

Features of L&T Finance Personal Loan

L&T Finance is India’s most trusted & registered NBFC which offers instant Personal Loans for your all needs such as Medical emergencies, Weddings, Small Businesses, Education, etc. Apply for Personal Loan Online up to Rs. 7 Lakhs with minimal documentation.

Loan Amount: On this application, you get a loan of 50k to 7 Lakhs, which you can take at any time.

Without Security Loan: You do not need to deposit security while taking a loan from L&T Finance. Here you get loans up to 7 Lakhs without a collector.

Minimum Documentation: Very few documents are required from you to apply for a loan on the L&T Finance app. You can apply for the loan here with your Aadhar card and PAN.

Digitally Process: You don’t need to submit any documents manually if you apply for a loan here. Here the entire loan process is 100% online.

Instant Cash Loan: With the complete process of availing loan online, you get an idea of how much loan you will get here in just 15 minutes. You can transfer all your approved loans to your savings account instantly.

Low Processing Fee: You are charged a low processing fee on the loan amount get by you, which makes this application different from other applications. A processing fee of 1.75% to 2.25% of the sanctioned loan amount will be applicable.

Improve Credit Score: Your CIBIL score gets better once you repay your loan successfully.

Register NBFC: L&T Finance App is a registered NBFC (Non-Banking Financial Company) following RBI guidelines.

All Your Loans in One Place: L&T Finance works relentlessly to bring all loan options on the same platform. Get a multipurpose instant loan without any guarantee & collateral security for all your needs. L&T Finance Personal loan makes it possible with a quick & easy online process.

Without Income Proof: We need a personal loan in times of emergency. L&T Finance offers personal loans up to Rs.7 lakh. We do not have to upload any income proof while taking the loan. But our good income helps us to take more loans.

L&T Finance Personal Loan Interest Rate

The L&T Finance Personal Loan Interest Rate starts to form just 11% per annum onwards. The applicable interest rate depends on various factors, including the borrower’s credit score, loan amount to be applied for, income, and other eligibility criteria. Interest rates for the L&T Finance Personal loan are fixed rates and charges on the reducing balance method. Apart from the interest rate, you will be required to a nominal processing fee of 1.75% to 2.25% of the loan amount when applying for the loan.

L&T Finance Personal Loan Interest Rate

Factors Affecting Loan Interest Rates

Age of the applicant: The interest charged on the personal loan depends on the applicant’s age. Younger applicants may have to pay less interest as the risk involved is less, and older applicants may have to pay more interest as the risk involved is higher.

CIBIL Score: The credit score of the applicant is taken into consideration before determining the personal loan interest rate. If the applicant has a good CIBIL score and repaid his previous loans or credit card bills on time, the interest rate will be set lower.

Loan Tenure: In most cases, the applicant has been choosing repayment tenure. The choice is in the hands of the applicant as to when he will repay the loan. The longer the tenure time of the Personal loan, the higher the interest.

Residential Location: The interest rate decided by L&T Finance can also be based on whether the applicant lives in an urban or semi-urban area. People living in urban areas can avail of personal loans at low-interest rates.

Debt-to-income ratio: Lenders may also look at your debt-income ratio, which is the ratio of your monthly loan payment to your monthly income, to determine the interest rate on a personal loan.

Type of lender: Interest rates on personal loans can vary depending on whether the lender is a bank, credit union, online lender, or peer-to-peer lender.

Market conditions: Interest rates on personal loans can also be affected by overall economic conditions, including the prime rate and the Federal Reserve’s interest rate policies.

Eligibility to Apply for L&T Finance Loan.

  • Age: To apply for an L&T Finance Personal Loan online you must be at least 23 years old. On the other hand, the upper-limit age is 57 years or retirement age, whichever is earlier.
  • Occupation: All Salaried and Self-Employed individuals can apply for a Personal Loan with L&T Finance. 
  • Credit score: To pass Personal Loan eligibility, you need to have a good CIBIL score (730+).

Documents needed for L&T Finance Personal Loan online application

  • No physical documents are required.
  • Keep your Aadhaar and PAN number handy to speed up the application process
  • Proof of residence if your current address is different from the one in Aadhaar

Tips to Improve Personal Loan Eligibility:

A high salary and credit score also improve your loan eligibility. Furthermore, there are certain steps you can take to ensure that your loan application is approved faster.

Maintain a healthy credit score: The higher your credit score, the higher your loan eligibility. Generally, a credit score of 750 and above is considered healthy by any of the credit bureaus. The bank sees you as a good customer and may also offer you a competitive interest rate.

Keep your EMIs within a limit: The total EMI of your existing loan should not exceed 40% of your take-home salary.

Avoid applying for multiple loans or credit cards: This will bring down your credit score as you will be seen as credit hungry. Therefore, you should apply for a loan or credit card only when necessary.

Don’t default on EMIs or delay your credit card payments: If you have existing loans, make sure to pay EMIs on time.

How to Apply for L&T Personal Loan?

The entire process of applying for an L&T Finance Personal Loan is 100% digital. By following some simple steps, you can take loans up to 7 lakhs. But you have to understand the complete process of filling the form thoroughly as most of the loan rejections are due to filling the form incorrectly. So, you must read the procedure we have mentioned carefully.

  • You must click on the link given below and the L&T Finance Personal loan form will open in front of you.
  • Customers need to enter their name, mobile number, email ID, and city pin code and click on ‘start journey now
  • Customers will be redirected to the google play store and download the L&T Finance app.
  • Customers need to enter their mobile number and verify with the OTP.
  • Submit the required personal details and set a password then select a profession and go ahead.
  • Complete email ID verification by clicking on ‘Verify email’
  • Customers need complete KYC, enter their PAN card number then select KYC documents type then upload front and back side images of the document and click on ‘Submit’
  • Customers need to complete the video KYC, start the camera from the screen and record a video, and read out the text slowly which will appear on the screen.
  • Now the customers need to select the amount of loan that they want to borrow and select the tenure and click on ‘Request’
  • The pop-up window will appear on the screen if the customer wants to transfer the loan amount to the Paytm account or Bank account. Select the right option and go ahead.
  • If the customers match all the criteria, then the system will approve the application and the loan will be disbursed immediately. Customers will be informed through the message.

L&T Finance Personal Loan Customer Care Number

By Phone: You can call on the company’s customer care number 1800-209-0476

Equipment Finance: You can call on the company’s customer care number at +917264888777

Micro Loan Customer Care Number: +91 1800-258-7702.

Email: You can also contact customer care via email. The email address for specific queries is below:

L&T Finance Personal Loan Payment

Your Loan payment will be done online or offline mode. You can choose one of the following methods to pay your bills online:

Net-Banking: You can use the facility of Net-Banking to pay your Loan with the help of your mobile or website.

NEFT/IMPS: If you do not have a net-banking account, you can pay your bills through NEFT or IMPS Facility.

Auto-Debit facility: You can set your Lon payment to auto-debit. Doing so will automatically deduct Personal loan payments from your account.

UPI: At present, UPI traction is being used a lot. You can pay for your Loans using several applications like GPay and Phonepe.

L&T Finance Services.

2nd Floor, Brindavan, Plot No. 177

C.S.T Road, Kalina, Santacruz (East)

Mumbai – 400098

L&T Finance Personal Loan Apply Link:

L&T Finance App Detail

Application NamePlanet by L&T Finance
Updated on20 Oct 2022
Downloads5,00,000 + Downloads
App Download Size29.05 MB
Website Linkltfs.com
Released on7 Mar 2022
L&T Finance Personal Loan App Review4.3 star

L&T Finance loan statement download

To download your L&T Finance loan statement, you can follow these steps:

  1. Visit the official website of L&T Financial Services.
  2. Log in to your account using your user ID and password.
  3. Once logged in, navigate to the “Loan” or “Accounts” section.
  4. Locate the option to download your loan statement or account statement.
  5. Select the desired date range for the loan statement you wish to download.
  6. Click on the “Download” or “Generate” button to download the personal loan statement in PDF format.

Alternatively, you can also contact the customer service team of L&T Financial Services for assistance in downloading your loan statement.


How can I check my L&T Personal Loan Status?

After approval of your loan, L&T Finance will send you to SMS confirming the approval of your loan. For any query regarding your loan status, you can send an email to [email protected] or call the L&T personal loan contact number at +91 7264888777

What is a Personal Loan?

Personal loans help you to borrow money for a price of a personal nature – be it for some other requirement such as an emergency, education, family marriage, or home renovation. With L&T Finance Personal Loan App, with various loans ranging from 50k to 7 Lakh, you can enjoy an interest rate of 11% to 19% p.a. with flexible functions ranging from 24 to 48 Months.

What is an EMI?

EMI Stands for Equated Monthly Installment. Which is the fixed amount paid for the repayment of your loan. It includes both the principal component and the interest amount. It gives you the convenience and benefit of repaying the personal loan amount in small and easy installments.

What are the benefits of an L&T Finance Personal Loan?

Here customers get Instant Cash Loans ranging from Rs 50k to Rs 7 Lakh with fewer documents, Which the customer can smoothly transfer to his savings account in just 15 minutes.

How to apply for L&T Finance Personal Loan online?

If you want to take an Instant personal loan? You need to install the L&T Finance Personal Loan app and create your account. In which you have to fill in a lot of important information. After filling in this data, the app will show your “Instant Personal Loan” eligibility, along with an eligible interest rate and tenor. After successfully checking the eligibility criteria, you will fill in the loan details. After that, you will fill in the bank details so that can loan amount will be transferred to your bank account.

What is the L&T Finance Personal Loan Interest Rate?

You will get an L&T Finance Personal Loan from 50 thousand to 7 Lakh rupees with an interest rate of 11% to 19% per annum. The loan is available from this app through a Fully digital and contactless process. You can use this money for bill payments, personal expenses, etc.

How can I repay my L&T Finance Personal Loan?

In the case of prepayment, the loan provider can make the payment through net banking, UPI, or online services. Make sure the required amount is available in the bank account every month from the date of EMI.

How to contact L&T Finance customer care?

For any query related to a personal loan, you can also call on customer care number 1800-102-0476. You can also get your queries answered by sending mail to [email protected] and [email protected]

How can I calculate the EMI payable before availing of an Instant personal loan from L&T Finance?

You can check the EMI payable using EMI Calculator. You can enter the required details to check EMI payable and emissions payable. This feature is free for you.

Why L&T Finance Personal Loan?

L&T Finance Personal Loan is specially designed for salaried and self-employed people and it gives instant personal loans of up to 7,00,000 directly to your bank account.

How do I get my L&T loan statement?

You can get your L&T loan details by following some easy steps. Visit the official website of L&T Financial Services and log in to your account using your User ID and Password. Once you have logged in, you need to find the option to download your loan details. Select the desired date range for which you want to download the loan details. Click on the “Download” or “Generate” button to download the loan details in PDF format.

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3 thoughts on “L&T Finance Personal Loan: Personal Loan Without Income Proof 2023”

  1. मैं देवनगर मेरे को पर्सनल लोन चाहिए में बिजनेस करना चाहता हूं मैं रसूलुल्लाह हाजी से हूं जिला राजगढ़ पोस्ट भास्कारपुर तहसील नरसिंहगढ़

    • पहले आप अपना सिबिल स्कोर चेक करें। अगर आपका स्कोर 750 से ज्यादा है तो आपको लोन मिल सकता है।


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