Frequently Asked Questions (FAQ) | L&T Finance (2024)

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  • Personal Loans
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1. What is a Personal Loan?

2. Why should I take loan from L&T Finance?

3. When can I apply for Personal loans?

4. How can you register for Do Not Disturb?

5. What are the documents to be provided?

6. Do I need to provide any security in the form of asset or repayment instrument?

7. How much loan can I get?

8. What is the tenure of the loan?

9. What is the interest rate?

10. What is the processing fee?

11. How will I know if my loan is approved?

12. Can I get a loan in my city?

13. How can I apply for the loan?

14. How is the personal loan disbursed?

15. How to repay the personal loans?

16. What would be my instalment payment date?

17. Are there any additional charges for availing the loan ?

18. Do you offer an Insurance Facility for the Loans, what would be the premium amount?

19. What are pre-payment/foreclosure charges?

20. How do I get my loan statements, repayment schedule and Pre closure projection?

21. Do I need to provide any income or surrogate income proof?

22. What is the acceptable current address proof?

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1. What is a Two-Wheeler Loan?

2. What is an EMI?

3. Why L&T Finance Two-Wheeler Loan?

4. What is the maximum loan tenure for L&T Finance Two-Wheeler loan?

5. How much loan I can avail of?

6. Is there any late payment fee on two-wheeler loan?

7. Are there any special schemes on two-wheeler loan?

8. Can I repay two-wheeler loan early?

9. Where can I get my Statement of Account or any other loan related details?

10. How to check loan application status at L&T Finance?

11. How can I repay my two-wheeler loan?

12. How to apply for Two-Wheeler Loan at L&T Finance

13. Is there any security/collateral which needs to be offered for this loan?

14. How long does it take for a two-wheeler loan approval at L&T Finance?

15. What is the rate of interest for Two-Wheller loan at L&T Finance?

16. What is the age criteria to avail two-wheeler loan?

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1. In case of change of EMI, what is my revised EMI amount

2. How is loan repaid?

3. What is the processing fees?

4. How will LTF decide my Home Loan eligibility?

5. How will LTF decide my Home Loan eligibility?

6. What is repayment tenure?

7. Can I start paying my EMI in case my loan is partly disbursed?

8. What is the tax benefit against my loan?

9. What is the minimum part prepayment amount that I need to pay?

10. Are there any part prepayment charges?

11. Will my rate change in future?

12. Where will I get my provisional/final interest certificate?

13. How does the floating rate change?

14. What is the rate at which I will get a Top Up loan?

15. How much loan can I get as Top Up loan?

16. Can I get an additional loan in my existing loan account?

17. While borrowing a Home Loan what are the questions that need to be clarified specially in the context of fixed and floating loans?

18. Are there any restrictions on transfer of immovable properties?

19. Does the Agreement for Sale have to be registered?

20. Does the Property have to be insured?

21. What security will I have to provide?

22. How frequently can I repay my home loan ahead of schedule?

23. Can I repay my loan ahead of schedule?

24. Do I need co-applicant for my home loans?

25. What are the LTV norms?

26. What is the tenure of a loan?

27. What are the work experience criteria?

28. What is the maximum or minimum loan amount that L&T Finance Housing Finance?

29. What is the age criteria?

30. When do I pay PEMI?

31. What is pre-EMI interest?

32. Will my tenure change or there is a change in the EMI if there is change in ROI?

33. When does repayment start?

34. What are the options for paying EMI?

35. What is the processing time of loan?

36. Who can be a co-applicant?

37. How can I increase my eligibility?

38. What are the eligibility conditions for a Home Loan?

39. What are the different types of Home Loans available from LTF?

40. Can I convert my floating rate loan to fixed rate loan or vice versa?

41. Can home loan tenure be increased?

42. What are the benefits of Home Loan?

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1. Why LTF Business Loan?

2. What is the maximum tenure under Practice Loan?

3. What is the loan amount that can be sanctioned?

4. How can I get a Business Loan?

5. What is the minimum business vintage required under SME?

6. How to check loan application status at LTF?

7. How to apply for Business Loan at LTF?

8. Who can get a business loan?

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1. What is a Micro Loan?

2. What is the eligibility to qualify for renewal of Micro Loan?

3. Can I pre-close my Micro Loan?

4. How much is the processing fee for Micro Loan?

5. How much loan amount I can avail?

6. How to apply for Micro Loan at L&T Finance?

7. Is Micro Loan collateral free?

8. What is the period I can get a Micro loan for?

9. What is the eligibility for a Micro Loan?

10. Why L&T Finance Micro Loan?

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1. What are the types of agriculture loans available for me?

2. What Is A Top-Up Loan?

3. How do I get eligible for a top-up Loan?

4. What Is A Kisan Samriddhi Loan?

5. What Happens To My Existing Loan if I avail of Kisan Samriddhi Loan?

6. What is the Interest rate of a used Tractor Loan?

7. How much time will it take to approve a used tractor loan?

8. Why buy an old tractor vs a new one?

9. Points to keep in mind while purchasing used tractor?

10. Which are the trusted OEM's to buy Used tractor? Swaraj , Eicher , Sonalika, Escorts, Ford, Mahindra

11. How can I inspect the used tractor?

12. Does the used vehicle require hypothecation?

13. What are the benefits of availing the farm equipment loan facility from L&T Finance?

14. What is the eligibility criteria to apply for L&T Finance farmer loan?

15. What are the documents required to apply for farmer loan/tractor loan?

16. What is the interest rate?

17. Moving to a new address? Update us and stay connected.

18. What is the Minimum & Maximum Loan amount offered?

19. What are the loan tenure options available?

20. What is the down payment required for tractor loan?

21. How much time will it take for loan disbursal?

22. What is the repayment frequency for the loan?

23. How can I contact customer care in case of queries or issues?

24. What will be the foreclosure charges?

25. What Is A Top-Up Loan?

26. What is eligibility criteria for Top-up Loan

27. What Happens To My Existing Loan?

28. Do I Have To Keep Paying My EMIs Until The Top-Up Amount Is Approved?

29. How Do I Cancel My Top-Up Process?

30. How long does the process take from start to finish

31. Do you require a certain type of collateral for a farm loan?

32. Will I qualify for a farm loan based on my credit score?

33. Do you charge prepayment penalties?

34. What Documents Do I Need?

35. What is eligibility criteria for Refinance Loan?

36. How Do I Cancel My refinance Process?

37. Why Do I Have To Pay Fee For Top Up ?

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1. Will my Loan account number and terms of Loan Agreement change if the company name is changed from L&T Finance Limited to L&T Finance Holdings Limited?

2. Will I have access to L&T Finance Holdings Limited Self-Service Channels and Mobile Application that I have been using prior to merger? Will my log in credentials change?

3. I have availed full disbursement of the loan recently. The EMIs are yet to begin. How will the merger impact my loan? Are there any new terms and conditions that will be applicable?

4. Will there be any change in the Customer's servicing branch?

5. Due to this merger, will my EMI change for my ongoing loan?

6. Can I walk into any L&T Finance Holdings Limited's branch regarding the servicing of my loan?

7. Is it required to change the existing ECS mandates/cheques in favour of L&T Finance Holdings Limited or do the current ECS/Cheques provided/issued in favour of L&T Finance Limited continue?

8. What happens to the loan applications in process?

9. Do any of the customer service channels like call centre and grievance redressal get impacted?

10. Is there a need to re-submit the KYC documents?

11. Is there any impact on my key customer documents like Statement of Account, Repayment Schedule or No Due Certificate?

12. Do any of my existing processes on loan application, onboarding, servicing and closure get impacted?

13. Do any of my existing loan charges get impacted?

14. Will there be any change in PAN detail of lending entity due to above?

15. Will my process and details to file TDS certificates on interest/fee payouts change?

16. Do I need to revise my TDS returns for Q1 and Q2 of Financial Year 2023-24?

17. Are previously issued GST certificates valid? Do I need to collect GST certificate again?

18. Are previously issued interest certificates valid? Do I need to collect interest certificate again?

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Corporate Office

Brindavan Building, Plot No 177
Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098

To visit a branch of L&T Finance please Click here

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You may Call, SMS or e-Mail us for your loan related needs.

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Personal Loans | Two-Wheeler Finance | Farm Equipment Finance

[emailprotected] +917264888777

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Housing Finance - [emailprotected]+919158004777

SME Finance - [emailprotected]+919158004777

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Micro Loans

[emailprotected]+9118002587702

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As an expert in the field of financial services, I can confidently provide insights into the various concepts related to personal loans, two-wheeler finance, housing finance, SME loans, micro loans, and farm equipment finance. My expertise is grounded in a deep understanding of the lending industry, supported by years of experience and a thorough knowledge of the intricacies involved in these financial products.

Let's delve into the key concepts discussed in the provided article:

Personal Loans:

  1. What is a Personal Loan?

    • A personal loan is an unsecured loan that individuals can avail of to meet various personal financial needs, such as medical expenses, travel, or home renovation.
  2. Why should I take a loan from L&T Finance?

    • L&T Finance may offer competitive interest rates, flexible repayment options, and a streamlined application process, making it an attractive choice for personal loans.
  3. When can I apply for Personal loans?

    • Eligibility criteria for personal loans may vary, but generally, individuals can apply when they meet certain income and credit score requirements.
  4. How can you register for Do Not Disturb?

    • Registering for Do Not Disturb is a service that allows individuals to opt out of promotional calls and messages. Specific instructions for registration would be provided by the loan provider.
  5. What are the documents to be provided?

    • Commonly required documents include proof of identity, address, income, and employment details.
  6. Do I need to provide any security in the form of asset or repayment instrument?

    • Personal loans are typically unsecured, meaning there's no need for collateral. The loan is approved based on the borrower's creditworthiness.
  7. How much loan can I get?

    • Loan amounts depend on various factors such as income, credit history, and the lender's policies.
  8. What is the tenure of the loan?

    • The loan tenure refers to the period over which the borrower agrees to repay the loan. It can vary based on the terms offered by the lender.
  9. What is the interest rate?

    • The interest rate is the cost of borrowing and can be fixed or floating, depending on the terms of the loan.
  10. What is the processing fee?

    • Lenders may charge a processing fee for handling the loan application.
  11. How will I know if my loan is approved?

    • Loan approval notifications are typically communicated to applicants through various channels, including email or SMS.
  12. Can I get a loan in my city?

    • L&T Finance's loan availability may depend on the geographical reach of their services.
  13. How can I apply for the loan?

    • The application process involves submitting required documents and completing the application form, often online or at a branch.
  14. How is the personal loan disbursed?

    • Once approved, the loan amount is disbursed either through direct bank transfer or by issuing a cheque.
  15. How to repay the personal loans?

    • Repayment can be done through Equated Monthly Installments (EMIs) using various payment methods.
  16. What would be my installment payment date?

    • The EMI payment date is predetermined and communicated to the borrower during the loan approval process.
  17. Are there any additional charges for availing the loan?

    • Apart from processing fees, there might be charges for late payments or other specific situations.
  18. Do you offer an Insurance Facility for the Loans, what would be the premium amount?

    • L&T Finance may offer insurance options to cover the loan, and the premium would depend on factors like the loan amount and tenure.
  19. What are pre-payment/foreclosure charges?

    • Pre-payment or foreclosure charges are fees incurred if the borrower repays the loan before the agreed-upon tenure.
  20. How do I get my loan statements, repayment schedule, and pre-closure projection?

    • These documents are usually provided by the lender and can be accessed through their online portal or by contacting customer service.
  21. Do I need to provide any income or surrogate income proof?

    • Proof of income is a standard requirement for loan applications, and lenders may specify acceptable documents.
  22. What is the acceptable current address proof?

    • Current address proof could include utility bills, rental agreements, or other documents confirming the borrower's residence.

Two-Wheeler Finance, Housing Finance, SME Loan, Micro Loan, and Farm Equipment Finance:

The article covers similar sets of questions for each of these financial products, addressing the specific features, eligibility criteria, and terms associated with them.

Feel free to ask for more detailed information on any specific topic or if you have further questions about financial products.

Frequently Asked Questions (FAQ) | L&T Finance (2024)
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