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Key Features

· Unsecured Loan Upto 50L 



· Risk based rate of interest starting at 15.5% 



· Tenure Upto 60 months 



· Industry Best Decision Time (TAT) 



· Live Status Updates 



· No Hidden Charges 



· Live Application Status Update


SME Loans – Loans for Entrepreneurs and Business Owners


You work hard for your business and want it to grow. When the time comes to expand your business, count on L&T Financial Services to be a partner in your journey. Whether you want to invest in new machinery, infrastructure or need extra working capital, our quick and easy customised solutions can help. Our SME Loans offer hassle-free, end-to end digital process, so that you can spend your time and efforts on expanding your business.


To Loans from Rs. 5 Lakh to Rs. 50 Lakh


Document List:


• KYC Documents:

• Firm/Company: PAN Card, Address Proof, GST Registration Certificate (If Applicable) and Other Applicable Registrations

 • Proprietor/Partner/Director:
PAN Card, Aadhaar Card, Electricity Bill/Rent Agreemen/Index II

• Income Documents:

 • Income Tax Returns along with computation for latest 2 years (wherever applicable)

 • Profit/Loss statement and Balance Sheet for the latest 2 years (wherever applicable)

 • GST Returns (wherever applicable)

• Bank Account Statement:

 • Operative Bank Account Statement for Latest 12 months


EMI Calculator

Loan Amount (₹):
Interest Rate % (Per Annum):
Loan Tenure (In Months):
Your Equated Monthly Installment (EMI):

Eligibility Criteria


· Age: 26 - 65 years


· Turnover: 80L – 250 Cr


· Minimum Business Vintage: 3Years


· Minimum 6 months of previous Bureau History






Fees & Charges

• Interest Rate

 Competitive rates from 15.5-20.5% depending on the credit score


• Pre-Payment Charges

 2% on principal outstanding plus applicable taxes


• Processing Fees

 One-time 2% processing fee is applicable on your loan amount


• Bounce Charges

 Rs. 500 bouncing charge (per bounce)

L&T Housing Finance

Frequently Asked Questions

Schedule of Charges

Charge Type - SME

Processing fees

Up to 2.5% on Sanctioned Amount + applicable taxes

Repayment bounce charges

Rs.500/- +applicable taxes if any

Late payment interest

2% per month on overdue EMI

Part Prepayment Charges applicable only to Flexi loans and drop line OD/Pure OD

2% + applicable taxes on part-payment amount paid above 25% of sanctioned
amount in a calendar quarter.

Annual Maintenance charges

0.5% (+applicable taxes) of the total withdrawable amount as per the Repayment Schedule.

Legal /Recovery charges

As per actuals

Foreclosure Charges- Term Loan

Not allowed till 6 months from Disbursement.

Post 6 months – 5 %+ applicable taxes on principal outstanding

Foreclosure Charges- Flexi Hybrid Loan/ drop line OD/pure OD

5% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment

Duplicate NDC

Physical copy at a charge of Rs.500/- +applicable taxes per statement/letter/certificate.

Repayment swap charges ( per swap)

Rs.500/- +applicable taxes

SOA/RPS /FC letter & other documents