EMI: ₹16,607/month at 12%. Min income: ₹33,214/month.
A ₹5 Lakh personal loan from L&T Finance at 12% interest for 3 years will cost you ₹16,607 per month as EMI. You will pay a total interest of ₹97,852 over the loan tenure. The minimum monthly income needed is ₹33,214 (assuming no existing EMIs).
L&T Finance Personal Loan EMI for ₹5 Lakh at 12% for 3 years is ₹16,607 per month.
You need a minimum monthly income of ₹33,214 for a ₹5 Lakh personal loan from L&T Finance (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh personal loan from L&T Finance at 12% for 3 years is ₹97,852.
L&T Finance charges a processing fee of Up to 4% for Personal Loan.
L&T Finance Personal Loan prepayment policy: 5% of outstanding.