Faqs - L&T Finance

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What is the maximum amount available under a Chartered Accountant Loan?

You can avail up to ₹1 crore, depending on your eligibility, financial profile, and repayment capacity.

How can I track my CA loan application status?

Track your loan status through our website or PLANET App using your registered credentials. Updates are also shared via SMS and email.

Can I get a CA Loan with a low credit score?

A low credit score may impact eligibility or result in higher interest rates. Maintaining a good score improves your approval chances and terms.

How does prepayment affect EMI and tenure?

Prepayment helps reduce total interest outgo and may shorten your tenure. However, review applicable prepayment conditions before proceeding.

Who can apply for a CA Loan?

Any qualified Chartered Accountant (CA) with a valid Certificate of Practice (CoP) issued by ICAI can apply.
You should:
Be between 24 and 65 years of age
Have a minimum of 3 years of business experience
Maintain a good credit score and steady income
Own your office or residence property

What types of businesses or profiles are eligible for this loan?

This CA Loan is ideal for:
Independent Chartered Accountants running their own firm
CA partnerships offering audit, tax, or advisory services
Small and medium enterprises (SMEs) managed by CAs
Consultants and professionals looking to expand operations

Can I use the CA Loan for business expansion or personal needs?

Yes, you can use your CA Loan for a variety of purposes, including:
Expanding your CA firm or opening a new office
Upgrading technology or hiring staff
Managing working capital or cash flow
Consolidating existing business loans

How long does it take to get approval and disbursement?

The loan approval process is quick and fully digital.
Once you submit your documents and meet eligibility criteria, you can get:
Loan approval within minutes
Disbursement within 24–48 hours directly to your bank account

Are there any hidden charges or processing fees?

No hidden fees are charged. All costs are clearly mentioned in your loan agreement. Here are some key charges:
Processing fee: Up to 3% of the sanctioned loan amount + taxes
Facilitation fee: ₹5,000 (for loans up to ₹25 lakh) / ₹10,000 (for loans above ₹25 lakh)
Legal and documentation fees, if applicable

Is collateral required for a CA Loan?

No, you don’t need to provide any collateral or security.

It’s an unsecured business loan offered based on your income stability, credit score, and financial profile — making it simple and hassle-free.

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