|Charge type - SME||Details|
|Processing Fees||Upto 2.5% on sanctioned amount + applicable taxes|
|Repayment Bounce Charges||₹ 500/- +applicable taxes if any|
|Late Payment Interest||2% per month on overdue EMI|
|Part Prepayment Charges applicable in case of Term loan / Dropline Overdraft||• Term Loan:Not allowed till 6 months from disbursement|
2% + GST, if applicable on total part-prepayment amount.
• Dropline Overdraft: No charges applicable. Part - prepayment of Loan will not amount to limit reduction
|Annual Maintenance Charges||0.5% (+GST, if applicable) of the loan amount as per the Repayment Schedule.|
|Legal /Recovery Charges||As per actuals|
|Foreclosure Charges- Term Loan / Dropline Overdraft||• Not allowed till 6 months from disbursement. |
• After 6 months – 5% + GST, if applicable, on outstanding loan on the date of such full pre-payment
|Statement of Account / Repayment Schedule / Foreclosure Letter / No Dues Certificate / Interest Certificate||Physical copy at a charge of ₹ 500/- +GST per statement/letter/certificate|
|Repayment Swap Charges (per swap)||₹ 500/- +applicable taxes|
Finance your Business Growth Today!Apply Now
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.
Our SME Loans offer a hassle-free, end-to-end digital process so that you can spend your time and efforts growing your business.
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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L&T Finance has been a key partner in my success. They have been extremely helpful and a great resource. The support I received from them was priceless.
Thank you for providing quick service regarding the loan and it's disbursement. I am fully satisfied and rate you 5 star for the same.
I availed a professional loan availed from L&T Finance. I am very happy to share my pleasant experience. Entire process was simple, quick & hassle free.
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