Faqs - L&T Finance

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Why does my monthly EMI vary depending on the loan tenure?

Longer tenures reduce monthly EMIs but increase the total interest payable over the loan period.

Are any hidden costs or fees not considered by the EMI calculator?

EMI calculators don’t factor in additional charges like processing fees or prepayment penalties.

Can an MSME apply for a waiver of an MSME Loan?

Loan waivers depend on government policies or lender-specific schemes. You can contact the loan provider for more information.

Is any kind of security or collateral required to apply for an MSME Loan?

No, we offer unsecured loans that do not need any collateral.

Does an MSME need to be registered to be eligible for an MSME Loan?

Yes, registration is required to qualify for MSME-specific loan benefits.

What is the longest tenure available for MSME Loans?

L&T Finance offers a repayment tenure of up to 60 months for MSME Loans.

Can an MSME benefit from tax benefits on loans?

Yes, tax benefits are applicable if the loan is used for business-related expenses or capital investment.

What is the maximum loan that an SME can get?

L&T Finance offers loan amounts starting from ₹ 7 Lakh to ₹ 75 Lakh*, depending on your business profile.

Can an SME use the buy now pay later facility to avail of loan?

No, we do not offer the buy now, pay later option.

Is the EMI calculator the same for all types of SME loans?

Yes, the formula remains the same but the inputs like interest rates and tenures may vary by loan type.

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