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L&T Finance
SME Loan - L&T Finance
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SME Loan
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Fuel your business growth with our instant business loan online with interest rate starting from 10%* p.a. Get financing up to ₹ 1 cr with a repayment tenure of up to 60 months. Our business finance loans are collateral-free and feature a simple, online application process. You can get quick loan approval and disbursal directly into your bank account.Our dedicated team is committed to providing personalised support and, as an established NBFC, ensuring a seamless experience for you.

Flexible Loan Amounts :

Borrow up to ₹ 1 Crore and up to ₹ 2.5 Crore* with Supply Chain Finance, based on your business needs

Attractive Interest Rates :

Competitive rates starting from 10%* per annum

Customised Tenure Options :

Repayment period of up to 60 months* for ease of planning

Minimal Documentation :

Simple process designed to save time and effort

Multiple Loan Types :

Options such as Term Loan, Working Capital Loan, Equipment Financing, and Line of Credit

Transparency :

Clear terms and repayment schedules with no hidden charges

Financial Growth Support :

Helps manage working capital, business expansion, and purchase of equipment or stock


L&T Finance Business Loans give you the advantage of a trusted financial partner that understands business needs and provides solutions that support long-term growth.

emi-calculator

Business Loan EMI Calculator

The L&T Finance Business Loan EMI Calculator is a simple and user-friendly online tool designed to help you estimate your monthly EMI for a business loan. Just enter the loan amount, applicable interest rate, and repayment tenure to instantly calculate your EMI, enabling better financial planning and informed borrowing decisions.

Preferred loan amount

₹
₹ 7,00,000
₹ 1,00,00,000

Interest rate (per annum)

%
10%
23%

Loan tenure (months)

%
12 months
60 months

Estimated EMI

per month
  • ₹ 36,690

  • Interest payable

    ₹52,41, 690
Apply Now

Business Loan Eligibility & Documents Required

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Eligibility for Business Loan

Understand the key eligibility criteria for a business loan, such as age, business vintage, income or turnover, and credit profile, to improve your chances of loan approval.

Age:

24 to 65 years

Turnover:

₹ 80 Lakh to ₹ 500 Crore

Ownership

Residence or Office to be owned

Minimum Business Vintage:

Your business should have been operational for at least 3 years.

Credit History:

A minimum of 6 months of credit history is required.

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Documents Required for Business Loan

Learn about the essential documents required for a business loan, including KYC documents, business proof, financial statements, and bank account details, to ensure a smooth and hassle-free application process.

KYC Documents

Entity - PAN Details, Entity Registration Docs - depending on Entity Type (Shop Act / GST Returns / MOA / AOA / Certificate of Incorporation / Partnership Deed / LLP Agreement)

Individual (Proprietor / Partner / Director) – PAN Details, OVD Document (Aadhar Card / Voter ID / Driving License / Passport / Utility Bill + Rent Agreement)

Income Documents (wherever applicable):

Latest 2 years – Audited Financial Statements, Income Tax Returns, Tax Audit Reports, 6 months GST Returns

Bank Account Statement

Operative Bank Account Statement for the Latest 12 months

Others Documents

Ownership Documents ((Any 1) - Utility Bill / Sales Deed / Index II / Property Tax Receipt), Board Resolution, List of Shareholders, List of Directors

Business Loan Fees And Charges

Get clarity on the fees and charges associated with a business loan, such as processing fees, interest rates, prepayment or foreclosure charges, and other applicable costs, to plan your borrowing effectively and avoid surprises.

  • Charge type - Small Medium Enterprise (SME) Term Loan / Drop line / Over Draft (OD)/ Hybrid Over Draft (OD)

    Details

  • Processing Fees

    Up to 3% on sanctioned amount + applicable taxes

  • Asset Valuation & Verification
    (Term loan) (for Partially Collateralised Business Loan)

    Up to 1% of loan amount + applicable taxes

  • Facilitation Fee*
    * A facilitation fee is levied on the customer to cover the company’s costs related to facilitating the transaction between the borrower and LTF. It is based on acquisition expenses including digital processing, manpower and other services.

    For loans with Sanction up to Rs. 25 lakhs - Up to Rs. 5,000/- + applicable taxes
    For loans with Sanction above Rs. 25 lakhs – Up to Rs. 10,000/- + applicable taxes

  • EMI Dishonour/Bounce Charge*
    *A bounce charge is a charge for
    (i) dishonour of any repayment instrument; or
    (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate

    As shown in the table below

Loan sanction amount (in INR)
Charges in (in INR)
< 5 lacs
₹ 500
5 – 50 Lacs
₹ 1000
>50 Lacs – 2 Cr
₹ 1500
>2 Cr
₹ 2000

  • Penal Charge/Late Payment Charge (LPC)

    Up to 2% per month (p.m.) on overdue EMI + applicable taxes

  • Part Prepayment Charges (For Term Loan):

    Up to 2% on total partprepayment amount + applicable taxes

  • Part Prepayment Charges (for Dropline Overdraft / Hybrid Overdraft)

    Nil, Part - prepayment of Loan will not amount to limit reduction.

  • Original Title Documents (OTD) late collection charge (Term Loan) (for Partially Collateralised Business Loan)

    Rs. 35 per day + applicable taxes

  • Annual Maintenance Charges (AMC) (For Term Loan):

    NIL

  • Annual Maintenance Charges (AMC) (for Dropline Overdraft)

    0.5% + applicable taxes, on the Dropline limit starting on the 13th Instalment and every anniversary thereafter
    In the event the average utilization of the Dropline Limit Facility, calculated based on daily limit utilization of the Borrower, is less than 50% for the preceding 365 days, then the Lender shall charge the Borrower twice the Annual Maintenance Charges as stipulated in the Schedule

  • Annual Maintenance Charges (AMC) (for Hybrid Overdraft)

    No upfront charges/Zero charges at the time of disbursement for the Hybrid Limit. 0.5% + applicable taxes, on the Hybrid Limit as on the 13th Instalment & every anniversary thereafter
    In the event the average utilization of the Dropline Limit Facility, calculated based on daily limit utilization of the Borrower, is less than 50% for the preceding 365 days, then the Lender shall charge the Borrower twice the Annual Maintenance Charges as stipulated in the Schedule.

  • Non-Compliance charges (Term loan) (for Partially Collateralised Business Loan)

    Up to 1% p.a. of principal outstanding loan amount _+ applicable taxes

  • Charges incurred by LTF for initiating action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002: (Term loan)(for Partially Collateralised Business Loan)

    Issue of Loan Recall Notice = Up to Rs. 500/ –
    Issue of Demand Notice = Up to Rs. 1,000/ –
    Issue of Possession Notice = Up to Rs. 2,000/ –
    Applying District Magistrate Order = Up to Rs. 8,000/ -
    Taking Physical possession. Up to Rs. 20,000/ –
    Actual cost incurred will be debited for expenses pertaining to Publication of Possession Notice / Publication Demand Notice / Publication of Sale cum Auction Notice. All applicable taxes will be added.

  • Foreclosure Charges:

    • After 6 months of disbursement: Up to 5% + applicable taxes on outstanding amount for Term Loan on the date of such foreclosure
    • Prior to 6 months of disbursement: Up to 6% + applicable taxes on outstanding amount for Term Loan on the date of such foreclosure

  • Repayment instrument Swap Charges (per swap):

    Up to Rs.500/- + applicable taxes (applicable only for branch walk-ins)

  • Document retrieval / Duplicate NOC charges

    Nil for digital copy.
    Charge for paper copy is Up to Rs.1000/- + applicable taxes per statement/letter/certificate.

  • Legal fees and charges:

    As per actuals or Up to Rs. 50,000/- whichever is lower + applicable taxes

  • Recovery charges:

    As per actuals or Up to Rs. 15,000/- whichever is lower + applicable taxes

  • Field collection service charge:

    Up to Rs.500/- per collection + applicable taxes

  • Auction Fees (Term loan) (for Partially Collateralised Business Loan)

    Up to 1% of auction sale amount + applicable taxes

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Business Loan Interest Rate

A Business Loan helps you manage your working capital, expand operations, or invest in growth opportunities. Knowing the Business loan interest rates and repayment options is important for financial planning. Business Loans are available starting from 10% per annum*, with flexible repayment tenure of up to 60 months.

Why Choose a Business Loan from L&T Finance?

A Business Loan might be the right way to get access to funds for growth and working capital. Finding the right lender gives you clarity, flexibility, and consistency in support throughout the loan tenure. L&T Finance gives you the option of getting Business Loans equipped with flexible terms and features to meet a wide range of business demands.

Here are some key reasons to choose a Business Loan from L&T Finance

  • Flexible Loan Amounts : Borrow up to ₹ 1 Crore and up to ₹ 2.5 Crore* with Supply Chain Finance, based on your business needs
  • Attractive Interest Rates : Competitive rates starting from 10%* per annum
  • Customised Tenure Options : Repayment period of up to 60 months* for ease of planning
  • Minimal Documentation : Simple process designed to save time and effort
  • Multiple Loan Types : Options such as Term Loan, Working Capital Loan, Equipment Financing, and Line of Credit
  • Transparency : Clear terms and repayment schedules with no hidden charges
  • Financial Growth Support : Helps manage working capital, business expansion, and purchase of equipment or stock

L&T Finance Business Loans give you the advantage of a trusted financial partner that understands business needs and provides solutions that support long-term growth.

Types of Business Loans Offered

  1. Term Loan
    A term loan provides a fixed amount of capital repaid over a set tenure with monthly EMIs, ideal for long-term business expansion, asset purchases, or large investments.
  2. Working Capital Loan
    A working capital loan helps manage day-to-day operational expenses such as salaries, inventory restocking, and vendor payments, ensuring smooth business cash flow.
  3. Equipment Financing
    Equipment financing helps businesses purchase or upgrade machinery, tools, or technology. The loan is secured against the equipment itself, reducing upfront financial burden.
  4. Line of Credit
    A business line of credit offers flexible access to funds up to a predefined limit, allowing businesses to withdraw only what they need and pay interest accordingly.
  5. Business Loans for Small Business
    These loans are specially designed to support small businesses with quick funding, minimal documentation, and competitive terms, helping them grow, manage expenses, or expand operations.

How to Apply for Business Loan Online?

Apply for Business Loan with these steps

  • 1. Apply Online

    Click on the "Apply Now" button in the business Loan section and fill in the form with your personal details and loan requirement

  • 2. Get in Touch

    Our loan representative will contact you and share available loan offers and collect required documents

  • 3. Eligibility and Document check

    Our representative will check your bussiness loan eligibility and verify your documents before processing the loan

  • 4. Get Loan Disbursement

    Get your loan disbursement directly in your bank account, ensuring fast and seamless access to funds

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Looking to Grow Your Business?

Get collateral free Business Loans starting from 15%* p.a.

Apply now