Faqs - L&T Finance

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Who is eligible to apply for the Vikaas Loan?

Women borrowers, aged between 20 and 60 years, who are first time members of joint liability groups in rural areas are eligible for a Vikaas Loan.

Can I apply for a Vikaas Loan if I have a low credit score?

Yes, you can apply for a Vikaas Loan with a low credit score. Loan amount will be subjected to your final assesment.

Do I need to submit original documents when applying for a Vikaas Loan?

No, original documents may be required for verification during the application process.

Are there any prepayment penalties on Vikaas Loans?

No there are not , we don't charge on late payment. However, it affects your credit history.

Can I apply for a Vikaas Loan if I am self-employed?

Yes, self-employed women with a steady income are eligible.

What if I am applying for a Vikaas Loan with a non-Indian address?

Only Indian residents can apply for Vikaas Loan.

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