| Charge type -Small Medium Enterprise (SME) Term Loan | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Processing Fee | Up to 3% on sanctioned amount + applicable taxes | ||||||||||
| Repayment/EMI Bounce Charges |
| ||||||||||
| Penal Charge/Late Payment Charge (LPC) | 2% per month (p.m.) on overdue EMI + applicable taxes *LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023 *Taxes applicable on LPC w.e.f.1st April 2024 | ||||||||||
| Part Prepayment Charges | Within 6 months of disbursement: Not allowed Post 6 months of disbursement: 2% + applicable taxes on total part-prepayment amount | ||||||||||
| Annual Maintenance Charges (AMC) | Nil | ||||||||||
| Legal /Recovery Charges | As per actuals | ||||||||||
| Foreclosure Charges | Foreclosure not allowed till 6 months from Disbursement: • After 6 months of disbursement: 5% + GST if applicable on outstanding amount for Term Loan on the date of such foreclosure • Prior to 6 months of disbursement: 10% + GST if applicable on outstanding amount for Term Loan on the date of such foreclosure | ||||||||||
| Repayment Swap Charges (per swap) | ₹ 500/- + applicable taxes | ||||||||||
| Charges for documents like Statement of Account/Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate | Nil for digital copy. Charge for paper copy is ₹ 500/- +GST per statement/letter/ certificate. | ||||||||||
| Charge type -Small Medium Enterprise (SME) Drop line Over Draft (OD)/ Hybrid Over Draft (OD) | Details | ||||||||||
| Processing Fee | Up to 3% on sanctioned amount + applicable taxes | ||||||||||
| Repayment/EMI Bounce Charges |
| ||||||||||
| Penal Charge/Late Payment Charge (LPC) | 2% per month (p.m.) on overdue EMI + applicable taxes *LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023 *Taxes applicable on LPC w.e.f.1st April 2024 | ||||||||||
| Part Prepayment Charges | NIL, Part - prepayment of Loan will not amount to limit reduction. | ||||||||||
| Annual Maintenance Charges (AMC) (for Dropline Overdraft) | 0.5% + GST if applicable, on the Dropline limit starting on the 13th Instalment and every anniversary thereafter | ||||||||||
| Annual Maintenance Charges (AMC) (for Hybrid Overdraft) | No upfront charges/Zero charges at the time of disbursement for the Hybrid Limit. 0.5% + GST (if applicable), on the Hybrid Limit as on the 13th Instalment & every anniversary thereafter | ||||||||||
| Legal /Recovery Charges | As per actuals | ||||||||||
| Foreclosure Charges | Foreclosure not allowed till 6 months from Disbursement: After 6 months of disbursement: 5% + GST if applicable on Dropline/Hybrid limit amount on the date of such foreclosure Prior to 6 months of disbursement: 10% + GST if applicable on Dropline/Hybrid limit amount on the date of such foreclosure | ||||||||||
| Repayment Swap Charges (per swap) | ₹ 500/- + applicable taxes | ||||||||||
| Charges for documents like Statement of Account/Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate | Nil for digital copy. Charge for paper copy is ₹ 500/- +GST per statement/letter/ certificate. |
Finance your aspirations today!
Apply Now
Apply With Ease
Register on Planet
App and verify OTP
Enter KYC Details
Share Income
Documents
Share Company
Documents
Get Loan
Eligibility
Our Achievements
Loans to Professionals
Loans to Professionals
- Disbursed ₹ 10,683 Crore in FY22 (9% YoY)
- Book value was ₹ 30,521 Crore.
Frequently Asked Questions
Have more doubts about Loans to Professional? Get all your queries answered here.
1. How can I check my eligibility for a CA loan?
2. Do I need to provide any collateral for availing of a CA loan?
3. What are the interest rates applicable for a CA loan?
4. What are the additional charges I need to pay for a CA loan?
5. How can I calculate the EMIs I need to pay for my CA loan?
Get The
PLANET App Today!
All your loan needs can be addressed under one roof with the L&T Finance Planet App. Download the Planet App now for maximum convenience.
Download the PLANET App Now!
Download the PLANET App Now!
Explore Other Products
At Your Service.
Reach out to L&T Finance on any device, across multiple channels.
Want a callback? Enter your details.
By proceeding, I confirm that the information provided by me here is accurate. I authorize L&T Finance and/or its authorized representatives to contact me for any queries and/or my documents collection for the loan application. This will override registry on Do Not Disturb (DND)/National Do Not Call (NDNC)
GET A CALLBACK
Download the PLANET App.
Know More About PLANET App
If you prefer Self Help Option (SHO) Click here
Corporate Office
Brindavan Building, Plot No 177
Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098
To visit a branch of L&T Finance please Click here
Connect With us on WhatsApp!
Send 'Hi' or 'Hello' to : +91 7378333451
Have more queries?
Get them answered instantly.
Customer Care
You may Call, SMS or e-Mail us for your loan related needs.
Personal Loans | Two-Wheeler Finance | Farm Equipment Finance | Warehouse Receipting Finance
[email protected] 1800-268-0000All days of the week (Except National Holidays) from 9 AM to 6 PM IST
Check CREDIT Score
Download SOA
