Micro Loan

Micro Loans are designed to provide financial support to joint liability groups of women. These loans help empower them with adequate financial support to start their businesses. Women can avail Micro Loans starting from ₹ 45,000 up to ₹ 1,50,000 at affordable interest rates starting from 16% to 23.90% per annum (on reducing balance).* We offer easy repayment tenures ranging from 24 months to 36 months under different Micro Loan options available with L&T Finance.

Digital Access

Completely online application process.

Ideal Loan Amount

Loan amounts ranging from ₹ 45,000 to ₹ 1,50,000.

Quick Approvals

Get quick approvals for your loan application.Get quick approvals for your loan application.

Minimal Documentation

Basic KYC and address proofs are sufficient.

Easy Tenure

Repayment tenure ranges from 24 months to 36 months.

Micro Loan EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹0

₹45,000

Interest rate (per annum)

16%

23.5%

Loan tenure (months)

1 months

24 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Micro Loan Eligibility & Documents

Eligibility

Age Criteria:

20 years - 60 years
40 years to 60 years (for unmarried women)

Customer Segment:

Women borrowers

Documents

Identity Proof

Address Proof

Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc

Income Proof

Any Valid income proof

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

Maximising Your Micro Loan Approval: Dos and Don’ts

To increase your chances of approval and avoid delays or rejections, follow these simple rules during the loan application process:

FAQs & Support

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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.

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

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

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 get a Micro Loan with a low credit score?

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

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

Approvals for Micro Loans are quick at 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.*

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.

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.

What is the repayment tenure for a Micro Loan?

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

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Rural Loan

L&T Finance made a huge difference for me & my farming business. I, along with 2 of my friends, got a micro loan with a quick & easy application process. The timely payments of my EMIs are manageable & my farming income has increased significantly. I'm truly grateful for L&T Finance's help!

Nirmala Dabi

Ratlam, Madhya Pradesh

Rural Loan

L&T Finance provided swift support for our 20-year-old silk handloom business. Their executive guided us through a seamless process, quickly disbursing the loan after property verification. We're thankful for their efficient and reliable service that helps us meet our daily business needs.

Mrs. Kannaga

Chennai, Tamil Nadu

Micro LAP

I am engaged in farming and a small dairy business. When I explored financing options, the interest rates in the market were too high. With a quick home inspection and property mortgage, I secured a loan at a competitive interest rate. The process was straightforward, and funds were disbursed quickly.

Mr. Palraj

Chennai, Tamil Nadu

Micro LAP

As an assistant professor with over 10 years of experience, I found L&T Finance's MLAP loan process easy, transparent, & with the lowest interest rates. Digital, minimal documentation process was quick, & the auto-debit EMI & PLANET app features make repayment and account access convenient.

Mr. Udhayakumar

Rajagambiram, Tamil Nadu

Micro LAP

We called and the L&T Finance representative came to our house. They quickly completed the formalities and gave us the money really fast so we could use it for our needs. Everything was done digitally. I am grateful to L&T Finance.

Mrs. Kanaga

Handloom Service