Cash loan app for India
PLANET by L&T Finance is a free finance application for mobile offered by L&T Finance. It's a cash loan platform that allows users to apply for loans of up to 25Lakh quickly and easily. It offers flexible payment terms that let them choose duration and interest rates based on their financial capacity.
Joining the likes of Infinity Cash and CashIn - Personal Loan Online App, PLANET by L&T Finance is a platform made specifically to cater to the needs of Indian citizens. What makes it stand out more is that its services also extend to small & medium businesses.
Consumer-focused loan platform
L&T Financial Services is one of the leading Nonbanking Financial Institutions catering to clients in India. The company's PLANET by L&T Finance makes it easier for customers to access and manage loans from a single app. With it, they can check their ongoing loan transactions and all their details safely with multiple authentication protocols in place, including security PIN and biometrics.
On the other hand, if you're looking to take a loan with the company, you can now easily do so via the PLANET app. Apply for an amount anywhere from 50,000Rupee to 25Lakh. It offers flexible payment terms ranging from 12 to 60 months and interest rates of 10-20 percent per annum. The app will provide a detailed breakdown of the contract for your reference.
There are multiple payment modes to choose from, and payment alerts and notifications can be enabled, so you never miss a payment when it's due. Do note that users have reported that their payments don't reflect on the app right away and often get delayed, resulting in some billing concerns, which the unreliable customer support doesn't really help with properly.
Great for personal loans
In summary, if you live in places in India where it supports, PLANET by L&T Finance is a trustworthy service to consider if you're looking to take a loan for personal or business purposes. The app is easy to use, offers information, and you can pretty much do everything from it. There are some billing concerns, but on the whole, things work as they should.
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