Faqs - L&T Finance

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What is a Warehouse Receipt Finance?

Warehouse Receipt Finance (WRF) loans are Short Term Facility extended to Farmers, Traders and Processors. It is a funding against agri commodities kept in approved warehouses managed by empanelled Collateral Management agencies.

Who can avail of a Warehouse Receipt Finance?

Farmer or registered business entity in India, such as sole proprietorships, partnership firms and private limited companies dealing in agri commodities, can apply for a Warehouse Receipt Finance.

Who is eligible for a Warehouse Receipt Finance?

To be eligible for a Warehouse Receipt Finance, the applicant must be a Farmer / Trader / Processor dealing in agri commodities in India.

How can I apply for a Warehouse Receipt Finance?

To apply for a Warehouse Receipt Finance, follow these steps:

  • Apply online by filling out the form
  • Our representative will contact you for document verification
  • Eligibility and documents will be verified
  • Quick sanction
How much of a Warehouse Receipt Finance can I get?

The loan amount you can receive under a Warehouse Receipt Finance depends on several factors, including the value of the commodity placed as collateral, your business’s financial stability, and your credit profile. L&T Finance offers flexible loan amounts catering to both small-scale and large-scale financing needs. The exact amount will be determined during the loan approval process.

What is the maximum loan amount I can get under L&T Finance for Warehouse Financing?

The loan amount you can get under Warehouse receipt based finance from L&T Finance is between ₹ 1 lakh to ₹ 10 Crores, basis eligibility.

What are the documents required for a Warehouse Receipt Finance?

The documents required for Warehouse Receipt Finance are as follows:

  • ID Proof: Aadhaar Card, PAN Card
  • Address Proof: Aadhaar, Voter ID, Driving Licence, Passport, NREGA Job Card
  • Income Assessment: Based on income capacity
  • Land Ownership Documents: 7/12 extract, Khata, Khasra, Khatuni, lease proof
  • Trader/Processor Documents: GST returns, Income Tax returns / Balance Sheet / Bank Statement
  • Partnership/LLP Documents/Private Limited: Shareholding pattern, MOA, AOA, board resolution
What is the maximum tenure for which I can avail of a Warehouse Receipt Finance?

The maximum tenure for a Warehouse Receipt Finance under L&T Finance can extend up to 12 months.

What is the interest charged on a Warehouse Receipt Finance?

The interest rate for Warehouse Receipt Finances under L&T Finance is competitive, depending on the type of warehouse financing, the value of the collateral, and the borrower’s credit profile. The specific rate will be provided during the loan approval process.

Will there be a processing fee for Warehouse Financing?

Yes, a processing fee of upto 0.50% on loan amount + applicable taxes is charged for warehouse financing.

 

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