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L&T Finance

Eligibility Criteria For Micro Loan

TypeCriteria
Age Criteria: 20 years - 60 years
40 years to 60 years (for unmarried women).
Customer Segment: Women borrowers.
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FAQs & Support

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What is a 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 of ₹45,000 to ₹1,50,000 to start their businesses.

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.

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

Yes. You can get a Micro Loan from L&T Finance with a low credit score.

Can I apply for a Micro Loan without collateral?

Yes. Micro Loans are unsecured and do not require any collateral or guarantor.

How long does it take to get approval for a Micro Loan?

L&T Finance provides quick approvals for Micro Loans.

Who is eligible for a Micro Loan?

Women borrowers belonging to joint liability groups are eligible for Micro Loans from L&T Finance.

Is there a minimum income requirement for a Micro Loan?

There’s no income requirement to apply for a Micro Loan with L&T Finance.

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

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