L&T FinanceLimited

L&T Finance Car Loan Fees and Interest Charges



Interest Rate : 16% to 17%


Processing Fees : 2% of Loan amount


Loan Tenure : 1-5 YEARS


Guarantor  : NOT REQUIRED


Pre-closure Charges :  2% of outstanding amount + ST



Check the factors first

Minimum Rs 25,000 per month income required

Finances uo to 75% to 95 % of the car value

Any other EMI can lower down your eligibility


Know if you’re eligible for the loan

Minimum entry age: 25 years

Maximum age: 65 years

Income: Salaried & self employed


Why don’t you increase your loan eligibility?

Choose longer tenure for 5 year eligibility maximisation.

Credit card bill need to be clear

What are the documents needed?

 

1. Application form with photograph duly signed


2. Processing fees


3. Latest  6 months Statement of bank account


4. ID Proof with Photo


5.Address Proof with Photo


6. Documents required for self employed


  • Proof of business existence
  • Last 3 years Income tax returns with computation of income
  • Last 3 years balance sheet and Profit /loss statement duly certified by CA

7. Documents for salaried


  • Income Tax statement or Form 16
  • salary slip of latest three month
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