| Charge Type - Micro Loans | Details |
|---|---|
| Interest Rate | 18% to 24% per annum (on reducing balance)* |
| Processing Fee | 1% on loan Amount + applicable taxes |
| Repayment/EMI Bounce Charges | Nil |
| Penal Charge/Late Payment Charge (LPC) | Nil |
| Legal /Recovery Charges | Nil |
| Foreclosure Charges | Nil |
| Charges for documents like Statement of Account/Repayment Schedule /Foreclosure Letter | Nil |
* The above interest rates are applicable from July'24
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Minimal
DocumentationOnly KYC documents of customer and co-applicant
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Eligibility
CheckKnow your loan eligibility immediately
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Field
VerificationAppraisal at your door-step
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Cashless Disbursement
Loan amount transferred directly to your bank account
Micro Loans
- Women-Led Businesses
- Promoting Sustainable Livelihoods
- L&T Finance launched its Micro Loans operations in July 2008. We have since then become one of the leading Micro Loans lenders in India. We are actively involved in enabling the women entrepreneurs of Rural India to build a sustainable livelihood funded through our unsecured Micro Loans.
- We promote financial inclusion by providing loans to women entrepreneurs of rural India, who are engaged in income-generating trade activities namely dairy, grocery shops, tailoring, and similar allied activities for earning their livelihood.
An idea can come from anywhere, through anyone. But true progress means transforming the less privileged in low-income groups and creating an environment for them to flourish. Our focus is thus on those who lack the access to banking and related services, but who have the aspirations and find opportunities through adversities. We identify and service these small dreams and turn them into solid success stories through our deep network of professionals with access to the remotest parts of the country.
Empowering Your Goals.
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Micro Loans
I, Lakki Devi, own a small readymade cloth shop and this is my 3rd loan from L&T Finance. Initially I used to sell sarees by travelling one village to another. After taking micro loans from L&T Finance, I expanded my small business and it helped my family.
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Micro Loans
With this loan, I started a milk business. L&T Finance is very good and the collection agent arrived as per the schedule. I am very proud for taking a loan from L&T Finance.
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Micro Loans
I have taken my 3rd loan from L&T Finance to run my clothing business. Firstly, I started the business from home and eventually got a rental shop which helped increase my customer base. I was able to grow my business with the help of this loan. Thank you for your on time support.
Our Achievements
Micro Loans
Micro Loans
- Booksize growth of 32% in FY24
- Disbursement growth of 27% in FY24
Frequently Asked Questions
Have more doubts about micro loans? Get all your queries answered here.
1. What is a Micro Loan?
2. What is the eligibility to qualify for renewal of Micro Loan?
3. Can I pre-close my Micro Loan?
4. How much is the processing fee for Micro Loan?
5. How much loan amount I can avail?
6. How to apply for Micro Loan at L&T Finance?
7. Is Micro Loan collateral free?
8. What is the period I can get a Micro loan for?
9. What is the eligibility for a Micro Loan?
10. Why L&T Finance Micro Loan?
Know More About Micro Loans!
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Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098
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