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L&T Finance PLANET Review
L&T Finance Holdings
L&T-group NBFC with digital personal loans up to ₹15L.
Red flags
- •PF up to 2.5% + GST
- •Late charges 24% p.a. on overdue
Green flags
- •Upper Layer NBFC under SBR
- •L&T parentage
- •100% digital onboarding
- •No collateral
Permissions demanded
Data practices
PII tokenised; no access to contacts/gallery/mic.
Recovery practices
RBI FPC compliant in-house team; grievance officer listed on site.
Sources & references
Grievance & support
- Grievance redressalhttps://www.ltfinance.com/grievance-redressal
- Support / helpdeskcustomerservice@ltfs.com
Contact details published by the lender. If unresolved within 30 days, escalate via RBI Sachet.
Disclaimer: Reviews are independent editorial assessments based on publicly available information and user-submitted complaints. APR ranges and fees can change — always check the lender's Key Fact Statement before borrowing. Not financial or legal advice.
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Frequently asked questions about L&T Finance PLANET
Is L&T Finance PLANET RBI-registered?
L&T Finance PLANET is operated by L&T Finance Holdings. Its RBI status: RBI-regulated NBFC. Always verify the parent lender directly on the RBI NBFC list before borrowing.
What is the real APR on L&T Finance PLANET?
L&T Finance PLANET charges an APR between 28% and 28% per annum with a processing fee of up to 2.5%. After fees and GST, the effective APR on short tenures can be significantly higher than the headline rate.
Is L&T Finance PLANET safe to use?
L&T-group NBFC with digital personal loans up to ₹15L. Permissions demanded: Camera (KYC), SMS (OTP). Recovery practices: RBI FPC compliant in-house team; grievance officer listed on site..
What loan amount and tenure does L&T Finance PLANET offer?
Ticket size ranges from ₹50,000 to ₹15,00,000, with tenure between 12 and 61 months.
How do I close my L&T Finance PLANET loan early?
Open the app, request a foreclosure quote in writing, and pay the principal + accrued interest. Demand the No Dues Certificate (NDC) within 7 working days — RBI mandates it. If L&T Finance PLANET refuses or harasses you, file a complaint on the RBI Sachet portal.