L&T Finance Consumer Loans

  Maximum Loan Tenure
Get a loan repayment tenure of 12 to 48 months
  Loan Amount
Avail a consumer loan from
₹ 50,000 to ₹ 7,00,000
  Interest Rates
Repay your loans at interest rates starting from 12%
  Completely Digital Process
Faster disbursal with zero paperwork
  Open Eligibility
Loan for both Salaried and Self-Employed Professionals
  No Income Proof
Get a loan without having to produce income proof
  No Collateral/Security
Apply without any collateral or security for Consumer Loans.


Citizenship proof: Indian citizen with valid ID proof

Age: 23 to 58 years of age

Charge Type - Consumer Loans Details
Processing Fee upto 3% + applicable taxes
Repayment bounce charges Rs.350/- + applicable taxes if any
Late payment interest 3% per month on overdue EMI
Part Prepayment Charges Upto 5 % of prepaid amount + applicable taxes Upto 25% allowed twice in a year.
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) Rs 250/- + applicable taxes
Repayment swap charges ( per swap) Rs 500/- + applicable taxes
SOA/RPS /FC letter & other documents Nil
Borrower Documents
ID Proof:
  • Passport
  • Pan Card
  • Driver's License
  • Voter's ID
  • Aadhar Card Along with recent passport size photographs
Address Proof:
  • Ration Card
  • Passport
  • Utility bill
  • Voter’s ID card
  • Driving License
Income Proof (if required):
  • Salaried - Last 3 month's salary slips/ Form 16/Last 3 month's bank statement reflecting salary credits/Salary Certificate
  • Self Employed - Latest Income Tax Return (ITR)
  • Bank Statement -Last 3 month's statement is mandatory
  • Residence Ownership Proof - Not mandatory
Terms & Conditions