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L&T Finance Loan App Apply Process in 2024 | Full Information

L&T Finance Loan App

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In today’s post, we will provide you all the information about L&T Finance Loan App.

Today, we will first tell you about some features of this application, then we will tell you about the eligibility criteria of this application, if you want a loan from here, then which eligibility criteria you have to fulfill, from here you will get loans with the help of which deities and will provide you information about the fees and charges that which fees and charges are levied here. After that, in the end we will also tell you its application process. So let’s start this article today and if any of your friends also needs a loan, then definitely share this article with him, this article will prove to be very beneficial for him also because here we will provide you the minute details about L&T Finance Loan App.

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L&T Finance Loan App Features

  1. From here you can get a loan for a longer period. From L&T Finance Loan App, you can take a loan for 12 months to 48 months, that is, you can take the loan in your bank account for 4 years.
  2. Here you also get to see a higher loan amount, that is, if you apply for a loan from here, then you can take a personal loan up to 15 lakhs.
  3. Here the interest rate on the loan starts from 12%, that is, you can repay the loan at an interest rate of 12%.
  4. Here the loan process is completely digital, not like banks where you have to complete different types of paperwork, but here you are provided a personal loan without any paperwork under a fully digital process.
  5. Here both salaried persons and self-employed persons can take a loan. 6. You do not need any kind of income proof to take a loan from here, here you can take a personal loan without any income proof.
  6. Here you can take a loan without any lateral and without any security.

So friends, these were some features of this application, let’s talk about the eligibility criteria which you get to see here.

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L&T Finance Loan App Loan Amount?

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L&T Finance Loan App Loan Amount?

You can get a loan of ₹5,000 – ₹25 Lakh from L&T Finance. From here you can get a minimum loan of ₹5,000. From here you can get a maximum loan of ₹25 Lakh.

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L&T Finance Loan App Interest Rate?

Minimum 10.5% and maximum 26% interest rate is charged on loan from L&T Finance Loan App.

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L&T Finance Loan App Tenure Rate?

You can get a loan for a minimum of 12 months and a maximum of 60 months. You can get a loan for 5 years from here.

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L&T Finance Loan App Processing Fee?

Here you are charged three percent processing fee of the loan, apart from this, separate taxes will also be charged here.

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L&T Finance Loan App Repayment and EMI bounce charges  ?

Friends, if your loan amount is less than 5 lakhs, then you will be charged ₹500. If your amount is between 5 to 50 lakhs, then you will be charged ₹1000. If your loan amount is between 50 lakhs to 2 crores, then you will be charged ₹1500. And if your loan amount is more than 2 crores, then you will be charged ₹2000. As the loan amount increases, the bounce charges will also increase.

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How many Late Payment Charges are charged in L&T Finance Loan App?

If you make late payment of the loan here, then you will be charged late payment charges at the rate of 2% per month.

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L&T Finance Loan App Part Payment Charges?

In L&T Finance Loan App, you get to see part payment charges of 5%, which will be 5% of the amount that you want to return.

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L&T Finance Loan App Eligibility Criteria

  1. You should be a citizen of India and should have a valid ID proof for which you can use Aadhaar card and PAN card.
  2. To take a loan here, your age should be between 23 years to 58 years.

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How to apply for a loan from L&T Finance Loan App?

  • First of all you will download L&T Finance Loan App from Google Play Store and then open it.
  • After this, you will give your permissions in this application and then click on Proceed.
  • After this friends, you have to choose your language here as per your choice, here you get to see different types of languages, from English to Punjabi language, you will also get to see here, you will choose the definition here as per your choice and click on Continue.
  • After this, you will log in here with the help of your mobile number. Here you have to enter your 10 digit mobile number and then click on Login.
  • Then an OTP will come on the mobile number given by you, which OTP you have to fill here and then click on Continue.
  • After this, you will enter a four digit PIN to enter this application, which you will use for your security, whenever you open the application, you will have to enter this PIN. Then you have to login to this application by entering your P.
  • Now you have to enter your basic information in this application, in which you will fill your first name, last name, date of birth and email address, then you will click on the button.
  • After this, the interface of the application will come in front of you, which you can see below, in this, if you want a personal loan, then you will click on Instant Personal Loan.
  • Now friends, through this application you will be sent to their website where you have to fill your personal details, then you will check your eligibility criteria.
  • Before that you have to give permission to this application for your location.
  • Then you will fill your name in your personal details, fill your last name and then fill the date of birth. Now you will enter your mobile number and verify that mobile number with OTP. Then you will choose your gender.
  • After this, you will enter your Aadhaar number and PAN number. You have to enter these two numbers absolutely correctly, then you will click on Validate PAN.
  • After this you will enter your email ID. Now you have to enter the pin code of your current address i.e. the pin code of the place where you are living now and keep one thing in mind that whatever address you enter, your Aadhaar number should be exactly the same.
  • After that friends, you have to select your appointment type in which you will select salary and self-employed.
  • After this you have to enter your education qualification, then you have to enter your annual income and you will tell whether your residence is now your own or you live on rent.
  • Then you have to select the amount you want and then tell the purpose of your loan and then tick their terms and conditions and click on the next button.
  • After this, you will be offered a loan amount according to your PAN card and your salary, in which you will be told its interest rate, loan amount and for how long you will get the loan.
  • After this, you have to click on Accept Offer there and fill in the details of your nominee which will be done for insurance. This is done so that if any accident happens to you in the future, your loan will be waived off. In this, you will fill in the name of the nominee, the date of birth of the nominee, what is their gender and what is your relationship with them, then enter the mobile number of the nominee and click on continue.
  • Then you will do your digital KYC, for this you will use DigiLocker.
  • Then you will fill in your Aadhaar number and then click on Next. After this, whatever OTP will come on your Aadhaar number, click on that OTP and click on Submit. After this, click on Alwar here.
  • After this, you have to upload your documents in which you will upload your address proof and then you will upload your photo and then fill the address information.
  • After this, you have to enter your bank details, whichever bank account you want to take the loan amount, you will fill it here.
  • Then you have to do this mark for which you will click on Proceed to Sign Agreement. After this you will sign the document and then the loan amount will be credited to your given bank account within a short time.

 

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