L & T Consumer Loan Interest Rates for Marriages, Travel, Medical Expenses, Phones, Digital
L & T Finance offers consumer loans to its customer for festivals, marriages, house renovation, education, or medical expenses, our Consumer Loans offer viable financial solutions especially in times of need. So go ahead & apply now. You can avail loans up to ₹ 7 lakhs online.
Key Features
Loan tenure – 12 to 48 months
Loan amount – ₹ 50,000 to ₹ 7,00,000
ROI starting from 11%*
L&T Finance Consumer Loans:
- Completely Digital Process
- Faster Disbursal
- Loan for both Salaried and Self-Employed Professionals
- No income proof documents required
Eligibility Criteria
Indian citizen with valid ID proof between 23 to 57 years of age
For More Information You can compare personal loans online.
L & T Consumer Loan EMI Calculator
Assume, you want a consumer loan amount of Rs.3 Lakh for 4 years than your monthly emi calculated on 11% present interest rate of bank.
Loan Amount = Rs. 3,00,000
Monthly Installment (EMI) = Rs. 7,754
Total Interest Amount = Rs. 72,176
Total Amount (Principal + Interest) = Rs. 3,72,176
Year | Principal | Interest | Balance Amount |
1 | Rs. 63,170 | Rs. 29,878 | Rs. 236,830 |
2 | Rs. 70,480 | Rs. 22,568 | Rs. 166,350 |
3 | Rs. 78,636 | Rs. 14,412 | Rs. 87,714 |
4 | Rs. 87,784 | Rs. 5,313 | Rs. 0 |