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How much loan can an MSME/SME get?

SMEs and MSMEs can get a loan of up to ₹ 75 Lakh with L&T Finance.

Who can avail of an SME/MSME Loan?

Any business entity under micro, small, or medium enterprises can apply for an SME/MSME Loan. This includes proprietorships,... Read More

How is Udyam registration useful?

Udyam registration is beneficial as it officially recognises your enterprise as an MSME, making you eligible for various gov... Read More

How do I know if my enterprise is an MSME/SME?

You can determine if your enterprise qualifies as an MSME/SME based on investment in plant and machinery or equipment and an... Read More

Do I have to pay a fee to apply for a loan for my business?

No, there is no application fee but other charges apply.

What is the maximum tenure of the SME Loan?

The maximum tenure for an SME Loan is 60 months with L&T Finance.

Are taxes applicable to the SME Loan’s charges?

Yes, applicable taxes like GST may be added to processing fees and other charges.

Do I have to pay a fee to prepay a loan?

Yes, a charge of 2% plus applicable taxes is applicable for prepayment of a loan.

Can I negotiate the interest rate with the lender for a SME loan?

Yes, negotiation is possible, especially if you have a strong credit profile and business stability.

How does my credit score impact the interest rate for SME Loans?

A higher credit score often results in lower MSME interest rates due to reduced lender risk.

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