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Processing fees for SME Loans at L&T Finance 3% on sanctioned amount + applicable taxes.
SME Loan foreclosure charges vary based on the loan tenure. For loans foreclosed within 6 months of disbursement, a 10% charge applies. After 6 months, the charge is 5%, both calculated on the outstanding loan amount, plus applicable taxes.
Yes, you may get a reduced fee with a strong credit score.
Yes, prepayment or foreclosure charges apply, 2% plus applicable taxes on the pre-payment amount.
Yes, secured loans generally have lower processing fees and interest rates than unsecured loans.
High fees increase borrowing costs, affecting your cash flow and reducing funds available for operations.
Most fees, such as processing charges, are non-refundable.
You can contact our customer care to know if you can negotiate foreclosure charges.
Read the terms carefully, clarify all costs upfront and avoid add-ons unless required.
Yes, longer tenures may increase the total interest paid, while shorter tenures could involve higher EMIs but lower overall costs.
