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Charge type - SMEDetails
Processing FeeUp to 2.5% on sanctioned amount + applicable taxes
Repayment/EMI Bounce Charges
Charges in Rs.Loan sanction amount in Rs.
500< 5 lacs
10005 – 50 Lacs
1500> 50 Lacs – 2 Cr
2000> 2 Cr
Penal Charge/Late Payment Charge (LPC)2% per month (p.m.) on overdue EMI + applicable taxes
*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
*Taxes applicable on LPC w.e.f.1st April 2024
Part Prepayment ChargesWithin 6 months of disbursement: Not allowed
Post 6 months of disbursement: 2% + applicable taxes on total part-prepayment amount
Annual Maintenance Charges (AMC)Nil
Legal /Recovery ChargesAs per actuals
Foreclosure ChargesForeclosure not allowed till 6 months from Disbursement:

•After 6 months of disbursement: 5% + GST if applicable on outstanding amount for Term Loan on the date of such foreclosure

• Prior to 6 months of disbursement: 10% + GST if applicable on outstanding amount for Term Loan on the date of such foreclosure
Repayment Swap Charges (per swap) 500/- + applicable taxes
Charges for documents like Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest CertificateNil for digital copy.
Charge for paper copy is 500/- +GST per statement/letter/ certificate.
Processing FeeUp to 2.5% on sanctioned amount + applicable taxes
Repayment/EMI Bounce Charges
Charges in Rs.Loan sanction amount in Rs.
500< 5 lacs
10005 – 50 Lacs
1500> 50 Lacs – 2 Cr
2000> 2 Cr
Late Payment Interest (LPI)2% per month (p.m.) on overdue EMI + applicable taxes*
Penal Charge/Late Payment Charge (LPC)2% per month (p.m.) on overdue EMI + applicable taxes
*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
*Taxes applicable on LPC w.e.f.1st April 2024
Part Prepayment ChargesNIL, Part - prepayment of Loan will not amount to limit reduction.
Annual Maintenance Charges (AMC)0.75% + GST (if applicable), to be charged upfront at the time of disbursement, on the Hybrid Limit
0.5% + GST if applicable, on the Dropline/Hybrid limit starting on the 13th Instalment and every anniversary thereafter
Legal /Recovery ChargesAs per actuals
Foreclosure ChargesForeclosure not allowed till 6 months from Disbursement:
After 6 months of disbursement: 5% + GST if applicable on Dropline/Hybrid limit amount on the date of such foreclosure

Prior to 6 months of disbursement: 10% + GST if applicable on Dropline/Hybrid limit amount on the date of such foreclosure
Repayment Swap Charges (per swap) 500/- + applicable taxes
Charges for documents like Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate Nil for digital copy.
Charge for paper copy is 500/- +GST per statement/letter/ certificate.

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Your business growth should never be challenged by a dearth of capital. With L&T Finance fast application and digital process, you could have the funds to set your business up for success. Whether you want to invest in new machinery, or infrastructure or need extra working capital to expand your business, our quick and flexible funding solutions are there to support almost any business need.


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LTFS Two Wheeler Loan

To help you cater to any financial obligation or requirement, we offer a multi-purpose sanction. There are no restrictions on usage, and you can rely on this loan for professionals for planned or unplanned expense. You can use it as a professional development loan or as a personal financing tool.


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