Faqs - L&T Finance

Topics

What can we use a Loan to professionals for?

Professional Loans can be used for business expansion, working capital, purchase equipment and hiring staff.

Can a salaried person apply for a Professional Loan with L&T Finance?

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.

What identity proof is required for a Professional Loan?

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

Is minimum practicing vintage required for a Professional Loan?

Yes, a minimum practicing vintage of > 3 years is required for a Professional Loan.

What income documents are required for self-employed professionals?

The latest 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.

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