L&T Finance Business Loan – Get ₹7 lakhs to ₹75 lakhs Business Loan : A Comprehensive Guide for Indian Entrepreneurs in 2025
L&T Finance Business Loan: In the fast-paced landscape of Indian entrepreneurship, access to business funding plays a decisive role in scaling operations, meeting working capital requirements, and navigating financial uncertainty. For micro, small, and medium enterprises (MSMEs), especially in Tier 2 and Tier 3 cities, the availability of seamless, paperless, and fast loan processing is no longer a luxury—it’s a necessity. This is where the L&T Finance PLANET App emerges as a revolutionary digital tool in 2025. It is not just a mobile application but a game-changing business loan platform that empowers entrepreneurs to manage and scale their ventures with financial confidence.
Table of Contents
Introduction to L&T Finance PLANET App
L&T Finance Limited, one of India’s most trusted non-banking financial companies (NBFCs), has developed the PLANET App—a mobile-based digital platform that offers a wide range of financial services including loans, EMI payments, account tracking, and loan applications. Designed with a user-first approach, the app is a one-stop hub for all your business finance needs, allowing users to apply for business loans with minimal documentation, track loan applications, download interest certificates, and even pay EMIs directly from their smartphones.
The PLANET App aligns perfectly with India’s fintech evolution, enabling digital loan access in rural, semi-urban, and urban areas. For MSMEs that typically face bottlenecks in obtaining traditional bank loans due to rigid eligibility criteria or lack of collateral, this platform opens new avenues for financial inclusion and operational growth.
Also Read: HDB Business Loan : Get Business Loan up to 30 Lakhs – Comprehensive Guide
What Makes L&T Finance PLANET App Ideal for Business Loans?
As of 2025, over 10 million Indians have downloaded the PLANET App for accessing various financial products. But what makes it a standout option for business loans?
1. Fully Digital Business Loan Application
Gone are the days when applying for a business loan meant countless visits to a bank, endless paperwork, and long processing times. With the PLANET App, business owners can apply online within minutes using just their smartphone and a stable internet connection. The app has a paperless KYC and verification system that allows faster loan processing and approval.
2. Collateral-Free Loans Up to ₹75 Lakhs
One of the strongest selling points is the unsecured loan facility. Businesses can access loans ranging from ₹7 lakhs to ₹75 lakhs without providing any security or collateral. This is ideal for small businesses and startups that may not have assets to mortgage but need capital for expansion, inventory, hiring, marketing, or machinery.
3. Fast Approval and Disbursal
The PLANET App’s automated loan assessment tools ensure that eligible users get approved in as little as 48 hours. Once approved, the funds are transferred directly to the registered bank account, ensuring no delay in project execution or working capital management.
4. Flexible Repayment Terms
Business owners can choose repayment terms ranging from 12 months to 60 months, depending on their revenue cycle and operational cash flow. Flexible EMI options make it easier to plan and manage repayments without straining working capital.
5. Transparent Interest Rates and Fees
Interest rates for L&T Finance PLANET Business Loans begin at around 15% per annum, depending on the borrower profile, business turnover, and creditworthiness. The app provides clear breakdowns of processing fees, prepayment charges, and interest slabs—ensuring complete transparency before you commit to a loan.
Eligibility Criteria for L&T Finance PLANET Business Loan
Understanding the eligibility criteria is key to securing your business loan approval. Here’s what L&T Finance typically looks for:
- Applicant Age: Between 24 and 65 years
- Business Vintage: At least 3 years in continuous operation
- Minimum Turnover: ₹80 lakhs annually, scaling up to ₹250 crores
- Credit History: A good credit score with at least 6 months of credit activity
- Business Type: Proprietorships, Partnerships, Private Limited Companies, and LLPs engaged in trading, manufacturing, or services
Meeting these criteria significantly improves your chances of getting approved for a business loan on the PLANET App.
Documents Required
The app simplifies document submission by allowing you to upload clear scans or photos of the following:
- Identity Proof: PAN Card, Aadhaar Card
- Business Proof: GST Registration, Shop License, Partnership Deed
- Financial Proof: ITR for the past 2 years, bank statements (last 6 months), audited balance sheet
- Address Proof: Utility bills, business registration documents
- Photograph: Passport-size photo (soft copy)
The app includes an upload manager that walks you through the document upload process with real-time status updates.
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Step-by-Step Guide: How to Apply for a Business Loan via PLANET App
Step 1: Download the PLANET App
Available on both Google Play Store and Apple App Store, search for “PLANET by L&T Finance” and install the app.
Step 2: Register with Your Mobile Number
Use your registered mobile number linked to your business and complete OTP verification.
Step 3: Navigate to “Business Loan”
Choose “Apply for a Loan” → “Business Loan.” Fill in your business type, annual turnover, years of operation, and desired loan amount.
Step 4: Upload KYC and Business Documents
Follow prompts to upload scanned copies of PAN, Aadhaar, ITR, GST registration, and bank statements.
Step 5: Await Approval and Disbursal
Once your application is reviewed and approved, you will receive an offer letter within the app. On accepting, funds will be disbursed to your account.
Use Cases: Where Can You Use the Business Loan?
The business loan from L&T Finance via PLANET App can be utilized across several growth scenarios, including:
- Inventory Restocking
- Office Renovation
- Technology Upgrades
- Staff Hiring and Payroll
- Digital Marketing and E-commerce Expansion
- Working Capital Management
- Franchise Investment
- Equipment Purchase
Such flexibility enables entrepreneurs to use funds strategically to boost profitability and operational efficiency.
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Advantages of PLANET App Over Traditional Business Loan Channels
| Feature | PLANET App | Traditional Banks |
|---|---|---|
| Paperless Process | Yes | No |
| Approval Speed | 24–48 hours | 7–15 days |
| Collateral Required | No | Usually Yes |
| Loan Tracking | Real-time | Limited |
| Repayment Flexibility | High | Medium |
| Credit Score Monitoring | Integrated | Separate Process |
This comparative advantage makes the PLANET App a compelling choice for new-age business owners who demand speed, convenience, and digital control.
Security and Data Protection
L&T Finance PLANET App adheres to RBI regulations and data privacy norms, implementing SSL encryption, two-factor authentication (2FA), and robust backend monitoring. All sensitive business and personal data are protected through bank-grade security measures.
Conclusion
L&T Finance PLANET App emerges as a frontrunner in the Indian business loan ecosystem by offering a powerful blend of digital convenience, fast disbursal, transparent processing, and accessible customer service. Whether you’re a first-time entrepreneur or an established MSME owner, this app provides the financial leverage to take your business to the next level without the red tape of traditional finance channels.
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With India’s digital ecosystem evolving rapidly and more businesses moving online, tools like the PLANET App will continue to play a critical role in the country’s entrepreneurial growth story. For those seeking smart, fast, and secure business loan solutions in 2025, L&T Finance PLANET App is an option you should not overlook.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Interest rates, eligibility criteria, and product offerings may vary. Please visit www.ltfinance.com/business-loan or consult with L&T Finance customer support for the most accurate and up-to-date information. This article is independently written and not affiliated with L&T Finance. Information is based on publicly available sources as of 2025. Readers are advised to verify details before making any financial decisions.
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