Faqs - L&T Finance

Topics

Who can apply for a Micro Loan?

Women borrowers from joint liability groups, aged 20 years to 60 years and 40 years to 60 years (unmarried women) can apply for Micro Loans.

What is the maximum amount I can borrow with a Micro Loan?

You can borrow a maximum loan amount of ₹ 1,50,000 as a Micro Loan with L&T Finance.

What are the interest rates on Micro Loans?

L&T Finance offers Micro Loans at affordable interest rates starting from 16% to 23.5% p.a.*

What is the repayment tenure for a Micro Loan?

You can easily repay your loan over a tenure ranging from 24 to 36 months.

What documents are required to apply for a Micro Loan?

Basic KYC documents like Aadhaar and address proof are required to apply for a Micro Loan with L&T Finance.

How long does it take to get a Micro Loan approved?

Approvals for Micro Loans are quick at L&T Finance.

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

Yes, you can get a loan with a low credit score.

Do Micro Loans have fixed or flexible repayment options?

Micro Loans have fixed regular EMIs. You can also repay through various modes, such as bank transfers, online payments, or by visiting a branch.

Can I apply for multiple Micro Loans at the same time?

No. You can only apply for a single Micro Loan at once.

Is there an age limit to apply for a Micro Loan?

Yes, borrowers must be at least 20 years old or 40 years old (in case of unmarried women) to apply for a Micro Loan with L&T Finance. The maximum age limit for applying is 60 years.

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