Faqs - L&T Finance

Topics

Which professionals can apply for a Professional Loan?

Company Secretary (CS), Cost Accountants (CMA) professionals can apply.

What is the minimum and maximum age requirement for a Professional Loan?

Most lenders require applicants to be at least 24 years old at the time of application and not exceed 65 years at loan maturity. Some institutions may extend the upper age limit based on income stability and repayment capacity.

Are income documents mandatory to apply for professional loans ?

No, a professional with 3+yrs of practicing vintage is eligible for professional loan based on degree & practicing proof.

What credit score is needed for Professional Loan approval?

A credit score of 725 or above significantly improves loan approval chances.

Are salaried professionals eligible for Professional Loans?

No​​​​, salaried professionals cannot apply for a Professional Loan.

Can I apply for a Professional Loan if I have an existing business loan?

Yes, but we assess your existing debt obligations approving another loan.

What is the maximum loan amount I can get under a Professional Loan?

L&T Finance offers up to ₹ 75 Lakh without collateral under a Professional Loan.

What is the repayment tenure for a Professional Loan?

Professional Loan tenures range up to 60 months at L&T Finance.

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