Skip to Content

Download Planet App

L&T Finance
Vishwas Loan - L&T Finance
tab img
Micro Enterprise Loan
tab imgVikaas Loan (Group Loan) tab imgVishwas Loan (Group Loan) tab imgPragati Loan (Group Loan) tab imgMicro LAP tab imgMicro Enterprise Loan tab imgSamriddhi Loan

The Samriddhi Loan is a short-term, unsecured loan designed specifically for individual women entrepreneurs. Tailored to support income-generating activities, this collateral-free loan offers up to 2.5 lacs with flexible repayment terms ranging from 24 to 48 months.

Rural Business Loan (RBL)

Loans for women borrowers to support their income generating activities.

Loan Amount

Loan amount offered up to 2.5 lacs

Loan Tenure

Flexible repayment tenure from 24 to 48 months

L&T Customers

Samriddhi loan is available exclusively to existing group loan customers

Collaterals Free Loan

Collateral free loan with limited documentation and seamless online process

Interest Rates

Get Samrddhi loan with interest rates ranging from 20% to 23.90%

Eligibility & Documents

eligibility-img

Eligibility:

Age requirements:

Applicant – 20 yrs to 60 yrs

Co-applicant – 21 yrs to 65 yrs

Income Eligibility:

Applicable to women borrower whose household income is greater than 3 lacs.

Customer Type:

Customer who has an existing group loan with L&T Finance

document-img

Documentation

Identity Proof

Applicant: Pan card, Aadhar card and voter ID is mandatory

Co-applicant: Aadhar card and voter ID is mandatory, Pan Card/Form 60

Address Proof

Utility bills (Not more than 3 months old) / Officially Valid Documents – OVDs - Aadhar Card, Voter ID, Ration Card, Bank Passbook/ Driver’s license/ Rent Agreement/ Certificate from Gram Panchayat or Sarpanch

Fees And Charges

List of all fees and charges for Samriddhi Loan (Individual Loan)

  • Charge Type

    Details

  • Processing Fees

    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

    Nil

FAQs & Support

View all

Explore all FAQs