Loans for Professionals - Professional Loans Up to ₹1 Crore* Online

L&T Finance offers a specialized Professional Loan, such as the one tailored for Chartered Accountant (CA), Company Secretary (CS), or Cost and Management Accountant (CMA). Get up to ₹ 1 Cr. without collateral, and with interest rates starting from 11.25% p.a.. Our loans offer repayment terms of up to 60 months with quick approval and disbursal directly into your bank account. Get real-time updates and complete transparency without any hidden charges. Whether you're expanding your office, investing in technology, or outsourcing, this loan supports your professional endeavours at every stage.

Features & Benefits
EMI Calculator
Documentation
Eligibility
Fees & Charges
Frequently Asked Questions

Loan Offering

Secure unsecured Professional Loan of up to ₹ 1 crore

Attractive Interest Rates

Competitive interest rate starting at 11.25%* per annum

Flexible Repayment Option

Repay your loan with tenure of up to 60 months

Additional Withdrawal Available

Get extra funds on your existing loan with overdraft facility

Collateral Free

No need for mortgages or additional security for funds

Hassle free Process

Easy application process for quick loan approval and disbursal

EMI Calculator

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

Preferred loan amount

₹

₹7,00,000

₹1,00,00,000

Interest rate (per annum)

11.25%

21.50%

Loan tenure (months)

12 months

60 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Professional Loan Eligibility & Documents

Eligibility

Understanding Professional Loan Eligibility is essential before applying. L&T Finance requires applicants to meet specific criteria related to age, business stability, ownership, and credit history to qualify for a professional loan.

Age:

24 to 65 years

Ownership

Residence or Office to be owned

Minimum Business Vintage:

Your business should have been operational for at least 3 years.

Credit History:

A minimum of 6 months of credit history is required.

Documents

Documentation plays a crucial role in the loan application process. Here’s an overview of the documents required to apply for a Professional Loan with L&T Finance.

KYC Documents

Entity - PAN Details, Entity Registration Docs - depending on Entity Type (Shop Act / GST Returns / MOA / AOA / Certificate of Incorporation / Partnership Deed / LLP Agreement)

Individual (Proprietor / Partner / Director) – PAN Details, Any 1 OVD Document containing updated current address (Aadhar Card / Voter ID / Driving License / Passport / Utility Bill + Rent Agreement)

Income Documents:

Latest 2 years – Audited Financial Statements, Income Tax Returns, Tax Audit Reports, 6 months GST Returns

Bank Account Statement:

Operative Bank Account Statement for Last 6 months

Qualification Documents:

Degree certificate | Certificate of Membership | Certificate of Practice

Others Documents

Ownership Documents ((Any 1) - Utility Bill / Sales Deed / Index II / Property Tax Receipt), Board Resolution, List of Shareholders, List of Directors

Professional Loan Fees And Charges

List of all fees and charges for Professional Loan

Charge type -Small Medium Enterprise (SME) Term Loan / Drop line Over Draft (OD) / Hybrid Over Draft (OD)
Details
Processing Fees
Up to 3% on sanctioned amount + applicable taxes
Facilitation Fee
For loans with Sanction up to Rs. 25 lakhs - Up to Rs.5,000/- + applicable taxes
For loans with Sanction above Rs. 25 lakhs – Up to Rs.10,000/- + applicable taxes
EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
As shown in the table below

Loan sanction amount (in INR)

Charges in (in INR)

< 5 lacs

₹ 500

5 – 50 Lacs

₹ 1000

>50 Lacs – 2 Cr

₹ 1500

>2 Cr

₹ 2000

Penal Charge/Late Payment Charge (LPC)
Up to 2% per month (p.m.) on overdue EMI + applicable taxes
Part Prepayment Charges (For Term Loan)
Within 6 months of disbursement: Not allowed
Post 6 months of disbursement: Up to 2% + applicable taxes on total part-prepayment amount
Part Prepayment Charges (for Dropline Overdraft / Hybrid Overdraft)
Nil, Part - prepayment of Loan will not amount to limit reduction.
Annual Maintenance Charges (AMC) (For Term Loan):
NIL
Annual Maintenance Charges (AMC) (for Dropline Overdraft)
0.5% + applicable taxes, on the Dropline limit starting on the 13th Instalment and every anniversary thereafter
In the event the average utilization of the Dropline Limit Facility, calculated based on daily limit utilization of the Borrower, is less than 50% for the preceding 365 days, then the Lender shall charge the Borrower twice the Annual Maintenance Charges as stipulated in the Schedule
Annual Maintenance Charges (AMC) (for Hybrid Overdraft)
No upfront charges/Zero charges at the time of disbursement for the Hybrid Limit. 0.5% + applicable taxes, on the Hybrid Limit as on the 13th Instalment & every anniversary thereafter
In the event the average utilization of the Dropline Limit Facility, calculated based on daily limit utilization of the Borrower, is less than 50% for the preceding 365 days, then the Lender shall charge the Borrower twice the Annual Maintenance Charges as stipulated in the Schedule.
Foreclosure Charges:
- After 6 months of disbursement: Up to 5% + applicable taxes if applicable on outstanding amount for Term Loan/ on Dropline/Hybrid limit amount on the date of such foreclosure
- Prior to 6 months of disbursement: Up to 6% + applicable taxes if applicable on outstanding amount for Term Loan/on Dropline/Hybrid limit amount on the date of such foreclosure
Repayment instrument Swap Charges (per swap):
Up to Rs.500/- + applicable taxes (applicable only for branch walk-ins)
Document retrieval / Duplicate NOC charges
Nil for digital copy.
Charge for paper copy is Up to Rs.1000/- + applicable taxes per statement/letter/certificate.
Legal fees and charges:
As per actuals or Up to Rs. 50,000/- whichever is lower + applicable taxes
Recovery charges:
As per actuals or Up to Rs. 15,000/- whichever is lower + applicable taxes
Field collection service charge:
Up to Rs.500/- per collection + applicable taxes

Seamless Loans, Simplified Experience

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How to Apply

Apply for Professional Loan with these steps

FAQs & Support

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Can I use a professional loan for business expansion or education?

Yes, you can use a professional loan for business expansion, higher education, purchasing equipment, or other professional development purposes.

Can I get a Professional Loan for CS if I have a low credit score?

Getting a Professional Loan for CS with a low credit score may be challenging, as the interest rate is risk-based. However, having a co-applicant with a good credit score might improve your chances.

How can I repay my Professional Loan?

You can repay your Professional Loan through monthly EMIs. L&T Finance offers multiple repayment options, including ECS, post-dated cheques, and online payments.

Can I apply for a Company Secretary (CS) loan online?

Yes, you can apply for a CS Loan online through the L&T Finance website or PLANET App. The process is simple and convenient, requiring basic KYC details and income documents.

What are the benefits of taking a Professional Loan for CS?

Benefits include high loan amounts of up to ₹ 75 lakhs, competitive interest rates starting at 15%* p.a., flexible tenure of up to 60 months, fast approval, and real-time updates on loan status.

Can a salaried individual apply for a professional loan?

Yes, a salaried individual can apply for a professional loan, especially if it’s intended for career growth, education, or skill enhancement.

Can I apply for a CS Loan with a co-applicant?

Yes, you can apply for a CS Loan with a co-applicant, improving your chances of approval and possibly securing better loan terms.

How can I track my CS Loan application status from L&T Finance?

You can track your CS Loan application status through the L&T Finance website or mobile app. You will receive real-time updates on your application status.

What is the purpose of a Professional Loan?

The purpose of a Professional Loan is to provide financial assistance to professionals like Company Secretaries for business expansion, working capital, office setup, renovation, and other business-related expenses.

Explore all FAQs

Business Loan

As a steel and aluminum trader, I needed constant capital post-COVID. L&T Finance's DLOD service impressed me with a seamless, fully digital process. Their executive guided me well, leading to a swift sanction. The competitive interest rate & round the clock transaction facility were game-changers for my business.

Jignesh Solanki

Mumbai

Business Loan

Setting up a molecular lab post-pandemic was challenging, but L&T Finance made it possible with quick turnaround, minimal documentation, and competitive rates. Thanks to their support, I expanded services, reduced waiting times, and offered new tests, serving more people efficiently.

Dr. Hrishikesh Chevle

Thane, Maharashtra

SME Loan

As a 2nd generation entrepreneur, expanding my PVD coating business was made easy with L&T Finance. The process was fast & smooth, with minimal paperwork & the best interest rates. All documents got digitally uploaded & approved. PLANET App mae part payments & additional withdrawals easy.

Harsh Gosalia

Pune, Maharashtra

SME

The special aspects of L&T Finance SME Loans are their faster turn around time, minimal documentation. I had a very good experience with L&T Finance SME Loans and I recommended it to a lot of my Doctor friends who have equally benefitted.

Dr. Hrishikesh Chevle

Pathologist, Alpine Diagnostics