FAQ - L&T Finance

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What are the typical fees and charges for a Chartered Accountant Loan?

Common charges include processing fees, foreclosure charges, late payment penalties, document charges, and annual maintenance fees.

Are there any processing fees for CA Loans in India?

Yes, CA Loans have a processing fee of up to 3% of the sanctioned amount, plus applicable taxes.

Are there any processing fees for CA Loans in India?

Yes, CA Loans have a processing fee of up to 3% of the sanctioned amount, plus applicable taxes.

What are the foreclosure charges for a Chartered Accountant Loan?

Foreclosure is allowed after 6 months and attracts a 5% fee plus GST.

Is there a prepayment penalty on CA Loans?

Part-prepayment of CA Loan is free.

Are GST charges applicable on CA Loan processing fees?

Yes, GST is applicable on processing fees, foreclosure charges, and other service-related charges as per government regulations.

Is there an annual maintenance or renewal charge for CA Loans?

Yes, a 0.5% annual maintenance fee (plus GST) is applicable on dropline or hybrid overdraft limits from the 13th month onward.

What is the loan cancellation charge for a CA Loan?

Loan cancellation after disbursement may attract a charge. You can contact the L&T Finance team in case you wish to cancel your loan application.

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