| Charge type - SME | Details |
|---|---|
| Processing fees | Up to 2.5% on Sanctioned Amount + applicable taxes |
| Repayment bounce charges | Rs.500/- + applicable taxes if any |
| Late payment interest | 2% per month on overdue EMI |
| Part Prepayment charges applicable in case of Term loan/ Dropline Overdraft/ Hybrid Overdraft | 2% + applicable taxes on part-payment amount paid above 25% of sanctioned amount in a calendar Quarter. |
| Annual Maintenance charges | 0.25% (+GST) of the total withdrawable amount as per the Repayment Schedule. |
| Legal /Recovery charges | As per actuals |
| Foreclosure Charges- Term Loan | • Not allowed till 6 months from Disbursement. • Post 6 months – 5 %+ applicable taxes on principal outstanding |
| Foreclosure Charges- Flexi Hybrid Loan/ drop line OD/pure OD | 5% plus applicable taxes of the total withdrawable amount as per the repayment schedule, on the date of such full pre-payment |
| Statement of account/ Repayment Schedule/foreclosure letter/no dues certificate/interest certificate | Physical copy at a charge of Rs.500/- +GST per statement/letter/certificate |
| Repayment swap charges ( per swap) | Rs.500/- +applicable taxes |
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Your business growth should never be challenged by a dearth of capital. With L&T Finance fast application and digital process, you could have the funds to set your business up for success. Whether you want to invest in new machinery, or infrastructure or need extra working capital to expand your business, our quick and flexible funding solutions are there to support almost any business need.
Our SME Loans offer a hassle-free, end-to-end digital process so that you can spend your time and efforts growing your business.
To help you cater to any financial obligation or requirement, we offer a multi-purpose sanction. There are no restrictions on usage, and you can rely on this loan for professionals for planned or unplanned expense. You can use it as a professional development loan or as a personal financing tool.
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1. Why LTF Business Loan?
2. What is the maximum tenure under Practice Loan?
3. What is the loan amount that can be sanctioned?
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