Faqs - L&T Finance

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Can I apply for a Company Secretary (CS) loan online?

Yes, you can apply for a CS Loan online through the L&T Finance website or mobile app. The process is simple and convenient, requiring basic KYC details and income documents.

Who is eligible for a CS Loan?

To be eligible for a CS Loan, you need to be a Company Secretary between 24 and 65 years old, with a minimum of 3 years of professional experience and a minimum of 6 months of previous Bureau History.

What is the interest rate for a Professional Loan for CS?

The interest rate for a Professional Loan for Company Secretaries starts at 11.25%* per annum. The rate is risk-based and may vary depending on the applicant's credit profile.

How do I calculate the EMI for a Professional Loan for a Company Secretary?

You can calculate the EMI for a Professional Loan for Company Secretary using the EMI calculator available on the L&T Finance website. Input the loan amount, interest rate, and tenure to get the EMI amount. This calculation helps you determine an affordable monthly repayment amount.

Are there any prepayment charges for a CS Loan?

Yes, there are prepayment charges for CS Loans. If prepayment is made after 6 months from disbursement, the charges are 2% of the principal outstanding plus applicable taxes.

Can I get a CS Loan without collateral?

Yes, a CS Loan is an unsecured loan, meaning you do not need to pledge any collateral to obtain it.

What documents are required to apply for a Professional Loan for a company secretary?

The documents required for applying for a CS Loan include KYC documents, income documents (IT returns, GST returns, P&L statements, and Balance sheets), a bank account statement for the last six months, a degree certificate, and a certificate of practice.

Can I get a Professional Loan for CS if I have a low credit score?

Getting a Professional Loan for CS with a low credit score may be challenging, as the interest rate is risk-based. However, having a co-applicant with a good credit score might improve your chances.

Are there any tax benefits associated with a Company Secretary Loan?

Generally, no specific tax benefits are associated with a CS Loan. However, the interest paid on the loan may be deductible if the loan is used for business purposes. We recommend consulting a tax advisor for specific guidance.

Do you need to pledge security to availing a CS Loan?

No, CS Loans are generally unsecured, meaning you do not need to pledge any security or collateral to obtain one.

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