Apply for SME Loan Online | Up to ₹75 Lakh*

Fuel your business growth with our SME Loans with interest rate starting from 15%* p.a. Get financing up to ₹ 75 Lakh with a repayment tenure of up to 60 months. Our SME Loans are collateral-free and have a simple application process. You can get quick loan approval and disbursal directly into your bank account. Our dedicated team is committed to providing personalised support and ensuring a seamless experience for you.

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

Loan Amount

Grow your business from loan amount from ₹ 7 to ₹ 75 Lakh*

Low Interest Rate

Easy loans with attractive rate of interest starting from 15%* p.a.

Flexible Tenure

Repay your loan with a maximum tenure of up to 60 months

Convenient Overdraft Facility

Easily access extra funds with online overdraft facility

Fast Approval with Simple Process

Real time update of stages with quick loan approval and disbursal

Collateral Free

There is no need to mortgage your belongings to get a loan

EMI Calculator

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

Preferred loan amount

₹

₹ 7,00,000

₹ 75,00,000

Interest rate (per annum)

15.00%

21.50%

Loan tenure (months)

12 months

60 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Eligibility & Documents

Eligibility

Age:

Applicants must be 24 to 65 years old.

Turnover:

The business should have an annual turnover ranging from ₹ 80 Lakh to ₹ 250 Crore

Minimum Business Vintage:

Your business should have been operational for at least 3 years.

Credit History:

A minimum of 6 months of credit history is required.

Documents

KYC Documents

Firm / Company: PAN Card | Address Proof | GST Registration Certificate (if applicable) and other applicable registrations

Proprietor / Partner / Director: PAN Card | Aadhaar Card | Electricity Bill | Rent Agreement | Index II

Income Documents

Income Tax Returns along with computation for latest 2 years (wherever applicable)

Profit / Loss statement and Balance Sheet for the latest 2 years (wherever applicable)

GST Returns (wherever applicable)

Bank Account Statement

Operative Bank Account Statement for Latest 12 months

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

FAQs & Support

View all

Does an MSME need to be registered to be eligible for an MSME Loan?

Yes, registration is required to qualify for MSME-specific loan benefits.

How much loan can an MSME/SME get?

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

Is there a minimum business age requirement for the documents submitted for an SME Loan?

Generally, businesses must be operational for atleast 3 years, but requirements may differ based on the lender.

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.

Why does my monthly EMI vary depending on the loan tenure?

Longer tenures reduce monthly EMIs but increase the total interest payable over the loan period.

What is the maximum loan that an SME can get?

L&T Finance offers loan amounts starting from ₹ 7 Lakh to ₹ 75 Lakh*, depending on your business profile.

Can I apply for an SME Loan without audited financial statements?

Audited financials strengthen your application, but you can apply for an SME Loan without audited financial statements.

Is the EMI calculator the same for all types of SME loans?

Yes, the formula remains the same but the inputs like interest rates and tenures may vary by loan type.

Are taxes applicable to the SME Loan’s charges?

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

Are tax returns required for all types of SME Loans?

Yes, most lenders require ITRs to assess financial stability. However, specific requirements may vary by lender.

Explore all FAQs

Testimonials

LAP

L&T Finance made my homeownership and business growth easier! After taking a home loan with another bank, I needed additional funds to expand my business. L&T offered a quick response, pre-approval, & a streamlined process with minimal paperwork. Plus, I received lower interest rate & maximum funding!

Amol Hirawadekar

Mumbai

SME Loan

Expanding my business to tier-2 cities was a key goal, and L&T Finance made it possible. Their SME loan process was quick and seamless, with KYC and document upload done in just a few clicks. I can easily track repayments and prepay EMIs anytime, making it a game changer for my business!

Varun Shroff

Bengaluru, Karnataka

SME Loan

Starting a C&F agency seemed impossible due to funding issues, but L&T Finance made it happen. Their executive guided me through the process, and everything was done online. The loan was processed in 2-3 days, and I now have access to all my loan details on the PLANET App.

Fareem Begum

Cuttack, Bhubaneswar

Business Loan

Setting up a molecular lab post-pandemic was challenging, but L&T Finance made it possible with quick turnaround, minimal documentation, and competitive rates. Thanks to their support, I expanded services, reduced waiting times, and offered new tests, serving more people efficiently.

Dr. Hrishikesh Chevle

Thane, Maharashtra

SME Loan

As a 2nd generation entrepreneur, expanding my PVD coating business was made easy with L&T Finance. The process was fast & smooth, with minimal paperwork & the best interest rates. All documents got digitally uploaded & approved. PLANET App mae part payments & additional withdrawals easy.

Harsh Gosalia

Pune, Maharashtra

Housing Loan

I was looking to buy a property and L&T finance Housing Loans stepped in forward to cater to all my demands, the ease of the documentation processes and their commitment to provide disbursement at the earliest. Whatever I asked, the team was there support at every step to get me through.

Mr. Sharad Pandey

Captain, Merchant Navy

Housing Loan

The process of applying L&T Finance Housing loans was a very easy and seamless process. And the credit goes to L&T Finance's entire Housing loan team. They have been extremely helpful & quick response. A very transparent process, the best of the market rates and quick disbursement.

Amit Chaturvedi

Powai, Mumbai

Personal Loan

I spotted an L&T Finance Consumer Loans ad and applied. After my verification call, my request for loan was approved and the loan amount was transferred in the following 24 hours. L&T Finance Personal Loans provided me timely, financial help.

Vinod Bidlan

Andheri, Mumbai

Personal Loan

I was aware of L&T Finance Consumer Loans, as I have already benefited from their services in the past. They had even clarified my doubts about T&C and loan process by calling me up at my convenient time. Because of such good support, I decided to take loan again from L&T Finance Personal Loans.

Chirag Mehta

Ahmedabad, Gujarat

SME

The special aspects of L&T Finance SME Loans are their faster turn around time, minimal documentation. I had a very good experience with L&T Finance SME Loans and I recommended it to a lot of my Doctor friends who have equally benefitted.