Here are a few factors

Rating 0 /
Total - 0 ratings
Location 50Km from Branch
CIBIL Score 680+
Processing Offline
Business Vintage 3 Year
Minimum Turnover 1Cr+
Loan Amount & Tenure 1 Lac- 50 Lac
(12 month- 60 Month)
Loan Product Term Loan, OD Limit
Rate of Interest & Type 16% to 25% (Reducing) For Professional 12% -16%
TAT Sanction-3 Days
Disbursement-7 Days
Processing Fees 2%
Foreclosure Charges 4%
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory Yes
Proprietor Age/Co-Applicant Age 25 Year-65 Year
Part Payment Allowed No
Whether Ownership Proof Required Yes, Either Office or Residence should be owned within Lending Branch Location
Business Registration Proof Mandatory Yes
Program Banking Program-25 Lac, Income Program-50 Lac, Professional Degree Base-30 Lac
Product for Professionals MBBS Doctors- COP Base Program, Chartered Accountant-COP Base Program
Negative Profile Both Side Rented Applicant, Advocates, Jewellers, Share Traders, Gym, Liquor Business, Real Estate
USP No Financial Upto 25 Lac
Additional 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company 

Documents Required for L&T Finance Business Loan

Let’s look into the eligibilities and required Documentation to make your application process even smoother:

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Note : L&T Finance Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About L&T Finance Business Loan

Your company's success demands the proper financial backing. L&T Finance does more than just make loans; it ignites hopes and goals. Apply for an L&T Finance business loan today to take the next step in the growth and profitability of your company.

Give your company the financial assistance it deserves. Join together with L&T Finance and set off on a path of expansion, technological advancement, and success. L&T Financial Services (LTFS) is a renowned and diverse non-banking financial company that provides an extensive list of financial offerings and services in the rural regions, housing, and infrastructure finance sectors.

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question


The Business Loan from L&T Finance is a financial product designed by L&T Finance, an established non-banking financial corporation (NBFC) in India. It's primarily aimed at addressing various financial needs of businesses, including small and medium enterprises (SMEs), professionals, and traders.

 The L&T Finance Business Loan brings along several benefits. Firstly, it doesn't require collateral. Secondly, it offers a range of loan options like term loan, dropline overdraft, flexi hybrid loan, and pure overdraft to cater to diverse business needs. The application process is quick, simple, and online. Furthermore, it has competitive interest rates and flexible repayment choices.

 The L&T Finance Business Loan has several charges associated with it. These include processing fees, which can go up to 2.5% of the loan amount plus applicable taxes. An annual maintenance charge of 0.5% (+GST, if applicable) of the loan amount is levied as per the repayment schedule. Foreclosure and part prepayment charges are 5% and 2% respectively, plus applicable taxes.

 You can request a loan amount anywhere between Rs. 10 lakhs to Rs. 50 crores from the L&T Finance Business Loan.The procedure for application is fast, uncomplicated, and can be done digitally.The timeframe for loan repayment can stretch up to a duration of 15 years.

To be eligible for an L&T Finance Business Loan, you need to be an Indian resident and citizen aged between 21 and 65 years. Your business should generate a minimum annual turnover of Rs. 1 crore and should be at least three years old. A positive net worth and a commendable credit score are also required.