Name: Rural Vishwas Loan
Brand: L&T Finance
Rating: 5 (10 reviews)

Vishwas Loan scheme is available for groups of women borrowers under joint liability. Customers who have an existing loan or have closed a previous loan with L&T Finance are eligible for this loan. With the Vishwas Loan, you can get funds up to ₹ 1.2 Lakh* with a flexible repayment period of 36 months.

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

Joint Liability Group

Loans for joint liability groups of women borrowers

Loan Amount offered

Avail Rural business loans, with an amount up to ₹ 1.2 Lakh*

Loan Tenure

Get a loan repayment period of up to 36 months

Interest Rates

Secure Vishwas Loan with maximum interest rate of up to 23.90%* p.a.

Collateral Free Loans

Get loans without collateral for easy access to money when you need it

Online Process

Apply online with help from our relationship manager for an easy process

EMI Calculator

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

Preferred loan amount

₹

₹45,000

₹1,00,000

Interest rate (per annum)

16%

23.5%

Loan tenure (months)

24 months

36 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Eligibility & Documents

Eligibility

Age:

20 years to 60 years

Residency:

Indian resident

Customer Type:

Existing L&T Finance customer, with on going loan or a closed loan

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

Fees And Charges

List of all fees and charges for Vishwas Loan (Group Loan)

Charge Type
Details
Processing Fee:
1.5% of loan amount + 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
Nil
Penal Charge/Late Payment Charge (LPC)
Nil
Legal /Recovery Charges
Nil
Foreclosure Charges
Nil
Charges for documents like Statement of
Account/Repayment Schedule /Foreclosure Letter
Nil
Auction fees
NA

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How to Apply

Apply for Vishwas Loan (Group Loan) with these steps

FAQs & Support

View all

What is the interest charged on Vishwas Loans?

The Rural Vishwas Loan's interest rate is 23.5%* p.a., making it competitive for women seeking financial solutions.

Is a Credit score required to avail a Vishwas Loan?

Yes, credit score check will be conducted.

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

Depending on your eligibility and application details, you can avail Vishwas Loan up to ₹ 1 Lakh.

What is the maximum tenure I can avail myself with Vishwas loan?

The maximum loan tenure under the Rural Vishwas Loan is up to 36 months.

What documents are required for the Rural Vishwas Loan?

Required documents include:
Valid ID Proof [Aadhaar Card & Voter ID / Ration card / MGNREGA card]
Valid Address Proof
Income Proof

Will there be a processing fee for rural Vishwas Financing?

Processing Fee: Up to 1.25% of the loan amount + applicable taxes.
Late Payment Charge: Not Applicable.
Prepayment Charges: Not Applicable.
Additional fees for EMI bounce, foreclosure, and document: Not Applicable.

Explore all FAQs

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

Micro LAP

As an assistant professor with over 10 years of experience, I found L&T Finance’s MLAP loan process was quick, digital and required minimal documentation. My EMI is auto-debited, and I can conveniently check my account statement and details through the PLANET app.

Mr. Udhayakumar

Rajagambiram, 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

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

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