FAQ - L&T Finance

Topics

Applicants need identity proof, business proof, financial statements, and a good credit score to qualify for a business loan.

MSMEs, startups, self-employed professionals, traders, manufacturers, and business owners meeting business loan eligibility criteria can apply.

A CIBIL score of 650+ is recommended for higher approval chances and better interest rates.

Online business loans are processed within 24-72 hours, while offline loans may take up to 7 days.

Lenders charge a processing fee of 1-3% of the loan amount, deducted before disbursal.

Options include unsecured working capital loans, MSME loans, and government-backed small business loans.

Loan amounts range from ₹50,000 to ₹2 Crore, based on business revenue and eligibility.

Minimum turnover varies from ₹10 lakh to ₹50 lakh, depending on the lender and loan type.

Loan tenures typically range from 12 months to 5 years, with flexible EMI options.

Borrowers can apply for business loan online by submitting KYC, financial statements, and business proof through the lender's website.

Need Further Assistance?

Chat instantly with us or request a call.