.jpg.transform/transformer-width-400-height-525/image.jpg)
L&T Finance
Our Products

About Us

Corporate Governance

Investors

Emergency Credit Line Guarantee Scheme
Emergency Credit Line Guarantee Scheme (ECLGS 1.0)
To mitigate the destress caused due to COVID’19 pandemic, Finance Ministry has introduced a relief scheme called Emergency Credit Line Guarantee Scheme (ECLGS). This initiative is taken to provide credit facilities to individuals for own business purposes/ Business Enterprises /MSMEs
In order to support this initiative and to help revive business operations, L&T Housing Finance Limited/L&T Finance Limited is offering Emergency Credit Line Guarantee Scheme (ECLGS) to its existing eligible customers.
Brief of the scheme:
Term loan up to 20% of the entire outstanding credit as on 29th February 2020
Applicable for all business’s and MSME’s having a total outstanding credit up to 50 Crores as on 29th February 2020.
The scheme is offered for 4 years with 1-year moratorium on principal repayment.
There should not be a payment overdue of more than 60 days with any Financial Institution as on 29th February 2020.
The facility is extended till 31st Mar 2020 or Utilization of 3 lakh crore under this scheme whichever is earlier.
You can contact our nearest branch for more details.
For ECLGS Scheme details. you can visit www.eclgs.com