L&T Finance Ltd (LTF) launches Spoorthi to extend specialised Home Loan and Loan Against Property to women entrepreneurs.

Key facts

• L&T Finance Ltd (LTF) announced Spoorthi on Women’s Day to provide Home Loans and Loan Against Property (LAP) for business expansion and working capital to women entrepreneurs.
• Spoorthi offers extended tenors up to 25 years for Home Loans and LAP, and up to 12 years for Industrial LAP.
• The programme provides enhanced eligibility norms, higher debt-to-income ratios, lower interest rates, and relaxed business vintage requirements.
• Initial rollout covers Mumbai MMR, Delhi NCR, Bengaluru, Chennai, Pune, Ahmedabad, Kolkata, and Hyderabad.
• Woman borrower must hold at least 50% stake in the business and contribute minimum 50% of total appraised income when clubbed with other borrowers.
• Business must show annual cash profit of at least Rs. 5 Lakhs as per latest Income Tax Return (ITR) and no net loss in the last two years.
• For loans up to Rs. 75 Lakhs, the minimum business vintage requirement is reduced to two years.