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L&T Finance Personal Loan EMI Calculator

Get an estimate of your L&T Finance Personal Loan EMI accurately with an EMI calculator.

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An L&T Finance Personal Loan can help you meet your financial obligations without the hassle of lengthy paperwork and long queues. The process is entirely digital and offers prompt customer service, making an L&T Finance Personal Loan an ideal tool to tackle unforeseen expenses.

Additionally, you can use the L&T Finance Personal Loan EMI Calculator to manage your finances better by understanding your EMI obligations. The EMI calculator is easy to use and requires only a few details, such as your loan amount, interest rate, and loan tenure. Once you have entered the relevant details, the calculator will display your EMI payments.

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Your Personal Loan EMI
₹ 13,167
Total Interest Amount
₹ 132,012
Principal Amount
₹ 500,000
Total Payable Amount
₹ 632,012
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
- +
Min value reached
Max value reached
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You can also make instant comparisons between loan offers from over 20 personal loan providers on Bajaj Markets.

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You can also evaluate the total interest amount and overall payable amount for better financial planning and budgeting.

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The amortisation calculator will help you understand your L&T Finance Personal Loan EMI payments better. The EMI calculator uses a standard formula to calculate the EMI. Here is the formula:

EMI = P x R x (1 + R)N / (1 + R)N-1

Here’s an example to help you plan your finances more effectively:

The L&T Finance Personal Loan EMI Calculator will help you understand your personal loan EMIs better, and you can download an amortisation schedule for a detailed breakdown. Here is an example:

  • Principal Amount = ₹2,00,000

  • Interest Rate = 28% p.a.

  • Loan Duration = 6 months

Loan Amount

Tenure

Interest Rate

Total Interest

Monthly Instalments(EMI)

₹2,00,000

6 Months

28%

₹16,647.17

₹36,107.86

Here is the loan amortisation schedule for the example above:

Tenure

EMI (Monthly Instalments)

Principal Amount 

Interest Amount

Outstanding Balance

1st Month

₹ 36,108

₹ 31,441

₹ 4,667

₹ 1,68,559

2nd Month

₹ 36,108

₹ 32,175

₹ 3,933

₹ 1,36,384

3rd Month

₹ 36,108

₹ 32,926

₹ 3,182

₹ 1,03,458

4th Month

₹ 36,108

₹ 33,694

₹ 2,414

₹ 69,765

5th Month

₹ 36,108

₹ 34,480

₹ 1,628

₹ 35,285

6th Month

₹ 36,108

₹ 35,285

₹ 823

₹ 0

Here is a quick glance at the repayment structure for L&T Finance’s ₹1 Lakh personal loan at 25% p.a.:

Principal Amount

Interest Rate

Repayment Tenure

Total Interest Payable

Monthly EMI

₹1 Lakh

25% p.a.

3 Years

₹43,135.37

₹3,975.98

₹1 Lakh

25% p.a.

2 Years

₹28,091.65

₹5,337.15

₹1 Lakh

25% p.a.

1 Year

₹14,053.04

₹9,504.42

Check the table below for EMIs on an L&T Finance Personal Loan of ₹3 Lakhs at 25% p.a.:

Principal Amount

Interest Rate

Repayment Tenure

Total Interest Payable

Monthly EMI

₹3 Lakhs

25% p.a.

3 Years

₹1,29,406.12

₹11,927.95

₹3 Lakhs

25% p.a.

2 Years

₹84,274.95

₹16,011.46

₹3 Lakhs

25% p.a.

1 Year

₹42,159.13

₹28,513.26

Here are the EMI calculations for an L&T Finance Personal Loan of ₹5 Lakhs at 25% p.a.:

Principal Amount

Interest Rate

Repayment Tenure

Total Interest Payable

Monthly EMI

₹5 Lakhs

25% p.a.

3 Years

₹2,15,676.87

₹19,879.91

₹5 Lakhs

25% p.a.

2 Years

₹1,40,458.24

₹26,685.76

₹5 Lakhs

25% p.a.

1 Year

₹70,265.22

₹47,522.1

The L&T Personal Loan EMI Calculator can help you estimate your monthly repayments before applying for a personal loan. Here are some of its key benefits:

Quick and Accurate

Instantly calculates your EMI based on the loan amount, interest rate, and tenure while eliminating manual errors.

Better Financial Planning

Helps assess loan affordability and manage monthly budgets effectively.

Loan Comparison

Allows you to test different loan amounts, interest rates, and tenures to find a suitable repayment plan.

Free and Easy-to-Use

Requires minimal inputs and can be used multiple times at no cost.

Time-saving

Provides instant results, aiding in quicker decision-making.

Detailed Breakdown

Offers a breakdown of your EMI, total interest payable, and total repayment amount, improving financial clarity.
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Several factors influence the EMI for an L&T Personal Loan, impacting the total repayment amount:

Loan Amount

A higher loan amount can lead to higher EMIs since the monthly instalments are directly proportional to the principal.

Interest Rate

A higher interest rate can increase your monthly EMI, while a lower rate can reduce it.

Loan Tenure

A longer tenure results in lower EMIs but leads to higher overall interest costs, whereas a shorter tenure has higher EMIs but lower interest expenses.

Credit Score

A low credit score can result in higher interest rates, increasing your EMI.

Type of Interest Rate

EMIs remain constant with a fixed interest rate, whereas they fluctuate with a floating interest rate based on market conditions.

Part-payment and Foreclosure

Making part-payments or foreclosing the loan early can reduce EMIs but may attract prepayment charges.

Timely payment of L&T Finance Personal Loan EMIs helps maintain a good credit score and avoid late fees. Here are the available payment options:

Auto-debit Facility

Set up an auto-debit mandate from your bank account to ensure EMI payments are deducted automatically on the due date.

Mobile Banking App

Use the lender’s mobile app to make instant EMI payments from anywhere.

Net Banking

Log in to your bank’s net banking portal to transfer funds directly to your loan account.

UPI and Digital Wallets

Some lenders allow EMI payments via UPI (Unified Payments Interface) or digital wallets for added convenience.

NEFT/RTGS

Transfer funds from any bank account using NEFT (National Electronic Funds Transfer) or RTGS (Real-time Gross Settlement).

Cheque or Cash Payment

Visit the lender’s branch to pay via cheque or cash if digital methods are not available.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

L&T Finance Personal Loan
Does L&T Finance allow foreclosure of a personal loan?

Yes, you can foreclose your L&T Finance Personal Loan. However, up to 5% of the principal outstanding, along with tax, will be applicable as foreclosure charges.

The repayment tenure for your L&T Finance Personal Loan ranges up to 48 months.

You can use the L&T Finance Personal Loan EMI calculator on Bajaj Markets. Simply enter your loan tenure, loan amount, and loan interest rate to calculate your EMI.

The L&T Finance Personal Loan EMI Calculator is a simple and effective tool for calculating EMI payments. It is easy to use and provides accurate results, helping you understand your EMI payments and plan your finances better.

The interest rate for an L&T Finance Personal Loan starts from 12% p.a.

A CIBIL score of 750 or higher is generally considered preferable by most lenders. Maintaining a good CIBIL score can improve your chances of loan approval.

For a ₹10 Lakh personal loan at an interest rate of 12% p.a. with a tenure of 3 years, the EMI would be ₹33,214. You can use the EMI calculator available on Bajaj Markets to get a more accurate estimate based on different loan parameters.

You can check your L&T Finance Personal Loan details by visiting the L&T Finance website or mobile app under the customer portal section.

Salaried and self-employed individuals meeting the lender’s income, age, and credit score requirements are eligible.

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