PLANET by L&T Finance

Loans up to 25 Lakh with flexible terms and secure account access

PLANET by L&T Finance is a finance hub that brings personal and business borrowing under one roof for customers in India. Backed by a well known nonbanking financial institution, it focuses on transparency and control, letting you handle applications, repayments, and account monitoring in one place.

The standout feature is the breadth of options. You can request amounts from 50,000 Rupee up to 25 Lakh, then tailor repayments with tenures between 12 and 60 months and interest rates in the 10 to 20 percent per annum range. The app presents a clear contract summary so you can review costs and terms before moving ahead, which is especially helpful when comparing scenarios to fit your budget.

Day to day management is equally comprehensive. Current loans and their details are accessible inside the app, protected by a security PIN and biometric sign in for extra peace of mind. When it is time to pay, there are multiple payment modes to choose from, and you can enable reminders and notifications to help avoid missed due dates.

There are caveats. Users report that payments sometimes take time to show up in the app, which can create billing anxiety if you expect immediate confirmation. Reports of inconsistent customer support make those delays more frustrating, so it is wise to keep your own receipts and allow a buffer when paying close to the due date.

If you want a single place to apply for credit and track obligations, PLANET by L&T Finance offers a capable set of tools for both individuals and small to medium enterprises. Just be prepared for occasional lags in payment updates and plan your repayments accordingly.

Pros:

- Serves individuals and small to medium businesses

- Several payment methods available

- Helpful due date reminders and notifications

Cons:

- Payment status may update slowly

- Customer support response is unreliable