L&T Finance's Business Loan

Disclaimer….before you read ahead!

The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.

Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.

About this scheme…

Business Loan is a collateral free loan offering by L&T Finance Limited (L&T Finance), a non-deposit taking, systemically important Non-Banking Finance Company (NBFC) registered with Reserve Bank of India (RBI), to help provide businesses the financial support to innovate and achieve their goals.

How is it being implemented?

Under this Scheme, direct loan is provided to,

Small & Medium Businesses across sectors
Professionals like Doctors, Chartered Accountants, ICWAs, who have their own Business or Practice

What’s on offer?

I. Product

Term Loan
Ticket Size: ₹7 Lakhs – 75 Lakhs
Convenience of accessing extra funds with online overdraft facility

II. Purpose:

Acquisition of or investment in fixed assets
Working capital requirements

III. Borrower Type:

Sole Proprietorship, Partnership Firm, Limited Liability Partnership (LLP), Private Limited Company, Public Limited Company

IV. Security or Collateral or Guarantee or Insurance

Primary Security: There may be primary charge on assets financed by L&T Finance
Collateral Security: Nil
Guarantee: Nil
Insurance: For more information around this, please contact L&T Finance via means mentioned below

V. Interest Rate

Starts at 15% per annum

VI. Processing Fee

Upto 3% of Loan Amount + Applicable taxes

VII. Margin Money Requirement

For more information around this, please contact L&T Finance via means mentioned below

VIII. Tenure, Repayments & Pre-Closures

Tenure: upto 60 months
Repayments: EMIs
Pre-payment & Foreclosure Charges: For more information around this, please scroll here and find details under Fees and Charges

IX. Turnaround Time

Characteristic features of this Scheme include:
- Simplified Application Process
- Real time update of stages with quick loan approval and disbursal
For specific information around turnaround time, please contact L&T Finance via means mentioned below