SME Loan
Chartered Accountant Loan
Professional Loan
Supply Chain Financing
How to Avail Shop Loan to Secure your Business
Mar 10, 2025 | 4 mins read
Get a Doctor Loan of up to ₹ 1 Cr. without collateral. Benefit from repayment tenure of up to 60 months and competitive interest rates starting from 11.25%* p.a. With quick approvals and easy application process, you can focus on growing your practice. There are no hidden charges or additional fees. With our Doctor Loan, you can invest in new equipment, open a new clinic, or manage working capital.
EMI Calculator
Results generated by the calculator(s) are indicative in nature.
Preferred loan amount
₹
₹7,00,000
₹1,00,00,000
Interest rate (per annum)
%
11.25%
15.05%
Loan tenure (months)
12 months
60 months
Estimated EMI
per month- ₹ 61,949
Interest payable
₹43,386
Eligibility & Documents
Eligibility
Age:
24 - 65 years
Ownership
Residence or Office to be owned
Minimum Practicing Vintage
Your business should have been operational for at least 3 years
Credit History
A minimum of 6 months of credit history is required.
Documents
KYC Documents:
Entity - PAN Details, Entity Registration Docs - depending on Entity Type (Shop Act / GST Returns / MOA / AOA / Certificate of Incorporation / Partnership Deed / LLP Agreement)
Individual (Proprietor / Partner / Director) – PAN Details, Any 1 OVD Document containing updated current address (Aadhar Card / Voter ID / Driving License / Passport / Utility Bill + Rent Agreement)
Income Documents (wherever applicable):
Latest 2 years – Audited Financial Statements, Income Tax Returns, Tax Audit Reports, 6 months GST Returns
Bank Account Statement (wherever applicable):
Operative Bank Account Statement for Last 6 months
Qualification Documents:
Degree certificate | Medical Council Registration Proof | Qualification Proof
Others Documents:
Ownership Documents ((Any 1) - Utility Bill / Sales Deed / Index II / Property Tax Receipt), Board Resolution, List of Shareholders, List of Directors
Seamless Loans, Simplified Experience
Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More
LAP
L&T Finance made my homeownership and business growth easier! After taking a home loan with another bank, I needed additional funds to expand my business. L&T offered a quick response, pre-approval, & a streamlined process with minimal paperwork. Plus, I received lower interest rate & maximum funding!
Amol Hirawadekar
Mumbai
SME Loan
Expanding my business to tier-2 cities was a key goal, and L&T Finance made it possible. Their SME loan process was quick and seamless, with KYC and document upload done in just a few clicks. I can easily track repayments and prepay EMIs anytime, making it a game changer for my business!
Varun Shroff
Bengaluru, Karnataka
SME Loan
Starting a C&F agency seemed impossible due to funding issues, but L&T Finance made it happen. Their executive guided me through the process, and everything was done online. The loan was processed in 2-3 days, and I now have access to all my loan details on the PLANET App.
Fareem Begum
Cuttack, Bhubaneswar
Business Loan
Setting up a molecular lab post-pandemic was challenging, but L&T Finance made it possible with quick turnaround, minimal documentation, and competitive rates. Thanks to their support, I expanded services, reduced waiting times, and offered new tests, serving more people efficiently.
Dr. Hrishikesh Chevle
Thane, Maharashtra
SME Loan
As a 2nd generation entrepreneur, expanding my PVD coating business was made easy with L&T Finance. The process was fast & smooth, with minimal paperwork & the best interest rates. All documents got digitally uploaded & approved. PLANET App mae part payments & additional withdrawals easy.
Harsh Gosalia
Pune, Maharashtra
