Collateral Free Business Loan – 75 Lakh Collateral Free Loan | 60 /m Tenure

Collateral Free Business Loan

Recognizing this need, L&T Finance Limited has introduced a game-changing solution—an attractive collateral free business loan offering up to ₹75 lakh. In this comprehensive essay, we will delve into the key features, eligibility criteria, documentation requirements, and the potential impact of this innovative financial offering.


The collaboration between L&T Finance Limited and the Reserve Bank of India (RBI) has paved the way for a groundbreaking financial product designed to fuel the growth ambitions of Indian businesses. This collateral free business loan serves as a lifeline for entrepreneurs seeking access to capital without the burden of pledging collateral—a significant departure from traditional lending practices.

Also Read…. 2 Crore Online Business Loan Without Any Collateral

Key Features of the Collateral Free Business Loan

  1. Loan Amount: Entrepreneurs can avail of loans of up to ₹75 lakh, providing them with the necessary funds to invest in business expansion, working capital, equipment procurement, and more.
  2. Competitive Interest Rate: With an attractive interest rate of 15.5%, the loan offers a cost-effective financing solution compared to conventional borrowing options, enabling businesses to optimize their expenses and maximize profitability.
  3. Flexible Tenure: Borrowers have the flexibility to choose a repayment tenure of up to 60 months, allowing for manageable monthly installments and easing the financial burden on businesses.
  4. Collateral-Free Nature: The most notable feature of this loan is its collateral-free nature, eliminating the need for borrowers to pledge assets as security. This reduces the barriers to access capital and enables a wider range of businesses to benefit from the financing opportunity.

Eligibility Criteria

  1. Age Requirement: Applicants must be between 24 and 65 years of age, ensuring that both young entrepreneurs and seasoned business owners can avail of the loan facility.
  2. Turnover Threshold: Businesses with an annual turnover ranging from ₹80 lakh to ₹250 crore are eligible to apply, catering to a diverse spectrum of enterprises across different industries and sectors.
  3. Business Vintage: To qualify for the loan, businesses must have a minimum operational history of three years, demonstrating stability and viability in the market.
  4. Credit History: A minimum of six months of previous bureau history is required, allowing lenders to assess the creditworthiness of applicants and make informed lending decisions.

Documentation Requirements

  1. KYC Documents: Applicants are required to submit Know Your Customer (KYC) documents, including proof of identity, address, and other relevant information to verify their identity and eligibility.
  2. Income Documents: Financial statements, such as income tax returns, profit and loss statements, and balance sheets, are necessary to assess the financial health and stability of the business.
  3. Bank Account Statement: Providing bank account statements for the last 12 months offers insights into the cash flow and transaction history of the business, facilitating a comprehensive assessment of its financial position.

Empowering Business Growth

Access to Collateral Free Business Loan can have a transformative impact on businesses of all sizes, empowering them to pursue growth opportunities, innovate, and thrive in competitive markets. By providing flexible financing solutions tailored to the needs of entrepreneurs, L&T Finance Limited is not only fostering economic growth but also nurturing a culture of entrepreneurship and innovation across the country.


In conclusion, the collateral-free business loan offered by L&T Finance Limited represents a significant milestone in the Indian financial landscape, offering entrepreneurs a pathway to success and prosperity. With its attractive loan terms, streamlined application process, and commitment to supporting business growth, this financing solution has the potential to catalyze economic development and create a brighter future for businesses across India. As businesses continue to evolve and adapt to changing market dynamics, access to timely and affordable financing remains essential. With L&T Finance Limited’s collateral-free business loan, entrepreneurs can seize opportunities, drive growth, and unlock their full potential in the competitive business landscape.

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