1. Home
  2. FAQs
FAQ - L&T Finance

Topics

Professional Loans are flexible and can be used for critical business needs such as business expansion, managing working capital cycles, purchase of new office equipment, and hiring staff.

No. Professional Loans at L&T Finance are exclusively provided for Company Secretary to help them in office setup, expansion, acquiring working capital, or hiring staff. Salaried individuals cannot apply.

KYC documents such as an Aadhaar Card and PAN Card are required to verify identity.

Yes, a minimum practicing vintage of greater than 3 years is strictly required for a Professional Loan.

The last 2 years audited financial statements. Income Tax returns, Tax Audit reports and 6 months GST returns are required as income proof for a Professional Loan.

Interest rates are determined on a case-by-case basis based on your credit profile, loan amount, tenor, and prevailing market rates. We recommend using our online EMI calculator (link to be inserted here) to get an estimate. The final interest rate and EMI will be communicated in your sanction letter.

The processing time can vary. Once all professional loan required documents are accurately submitted and verified, the approval process typically takes a few days. This is subject to timely verification checks and credit team assessment.

In case of any change in your business or professional details, promptly inform your lender and submit updated KYC, business registration, and income documents for record verification.

Need Further Assistance?

Chat instantly with us or request a call.

faq chat

Chat with us

24x7
faq call

Talk to us

9.00 AM - 6.00 PM