L&T Financial Services

What L&T Financial Services does

L&T Finance Limited is an Indian Non-Banking Financial Company (NBFC) operating as a wholly-owned subsidiary of Larsen & Toubro Limited, one of India's largest conglomerates. Headquartered in Mumbai and operating exclusively within India, the company provides diversified lending products spanning retail (home loans, personal loans, two-wheeler loans), SME (business loans, loan-against-property), rural (farmer loans), and microfinance segments. Customer segments span mass retail consumers, professionals, small businesses, and agricultural borrowers, giving the portfolio exposure across income bands and geographies within India.

The company operates a digital-first lending platform anchored by the Planet App for customer onboarding and loan management, an AI-powered KAI chatbot for customer service, and an in-house AI Lab. Speed-of-disbursal is positioned as a competitive feature, with disclosed turnaround times of 30 minutes for home loans, 8 minutes for two-wheeler loan approvals, and 48 hours for farm loans. Beyond credit products, L&T Finance Limited distributes insurance as an IRDAI-registered Corporate Agent (registration CA0867) and is extending into adjacent services including a Rural Marketplace and ITR filing through a partnership with Green Agrevolution. A separate partnership with L&T Realty integrates home loan offerings with the group's real estate distribution channel.

The business model is anchored in net interest income from the lending book, supplemented by fee income from insurance distribution and emerging ecosystem monetization. Go-to-market combines digital origination through the Planet App with branch-based lending for rural and SME segments that require physical touchpoints. Cross-sell across eight or more product categories, along with the insurance and ecosystem adjacencies, indicates a deliberate shift from a single-product NBFC to a multi-vertical financial services platform within the L&T group structure.

Name

L&T Financial Services

Legal name

L&T Finance Limited (formerly known as L&T Finance Holdings Limited)

Website

https://ltfs.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Indian NBFC subsidiary of Larsen & Toubro providing diversified retail, SME, rural, and agricultural lending products through digital-first platforms including the Planet App and AI-powered KAI chatbot, serving individual and business borrowers across India.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services (Consumer and SME Lending)

NAICS

Finance and Insurance (52)

SIC

Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Equipment & Asset Finance (SME) (FSAKAGAF)

akta.pro secondary industry

Trade Finance & Supply Chain Finance Platforms (FSAGAJAL)

Keywords

• Consumer lending
• SME financing
• Rural microfinance
• Home loans
• Gold loans

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income on Loans: Primary revenue stream from interest charged on various loan products including home loans, personal loans, business loans, two-wheeler loans, rural loans, farmer loans, loans against property, and gold loans. Interest rates vary by product category.
2. Processing Fees and Charges: Fees charged for loan processing, including documentation charges, foreclosure charges, and prepayment penalties across various loan products.
3. Insurance Distribution: L&T Finance Limited acts as a Corporate Agent (IRDAI Registration No. CA0867) for soliciting and procuring General, Health, and Life Insurance business, earning commissions on insurance products sold alongside loans.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

L&T Finance is an Indian Non-Banking Financial Company that originates and services a diversified lending portfolio across consumer, SME, rural, and agri segments. Core offerings include Housing Loans, Personal Loans, Two Wheeler Loans, Business Loans (for doctors, chartered accountants, and professionals), Rural Group Loans for women, Farmer Loans (tractor, agri-implement, warehouse receipt), Loan Against Property, and Gold Loans. The company also distributes life, health, and general insurance products as a Corporate Agent under IRDAI registration.

Product overview

L&T Financial Services (L&T Finance) is a Non-Banking Financial Company (NBFC) in India offering a comprehensive suite of financial products and digital services. The product portfolio includes core lending products: Home Loans (up to ₹10 Crore), Personal Loans (up to ₹30 Lakhs), Two Wheeler Loans (100% financing), Business Loans (for professionals and SMEs), Rural Loans (group loans for women), Farmer Loans (tractor and agri loans), Loan Against Property (up to ₹7.5 Crore), and Gold Loans (starting from ₹5,000). The company operates digital platforms including the Planet App for loan management and EMI payments, the Rural Marketplace for farmer services, and utility tools like EMI Calculators and Credit Score checking. The AI Lab division focuses on innovation in financial technology. The ecosystem also includes specialized variants such as Doctor Loans, CA Loans, Micro LAP, Supply Chain Financing, and Spoorthi home loan products.

Differentiator

Problem solved

Functional benefit

Brands

• Planet: Mobile app for loan management, EMI payments, and customer servicing
• Planet App
• Partner Planet
• KAI
• Ai Lab

Products and services

• Housing Loan Home financing product for individuals seeking to purchase residential property, transfer existing home loans for better rates, top-up existing loans, or finance home decor. Loan amounts up to ₹10 Crore with quick disbursal within 30 minutes.
• Personal Loan Unsecured digital personal loans up to ₹30 Lakhs for individuals needing funds for vacation, wedding, education, home renovation, or medical emergencies with 100% digital application and quick disbursal.
• Two Wheeler Loan Financing for two-wheeler vehicles including electric bikes and super bikes, offering up to 100% financing with a maximum 60-month tenure, competitive interest rates, and 8-minute approval.
• Business Loan Collateral-free business financing for SMEs, doctors, chartered accountants, and other professionals up to ₹1 Crore, including specialized Doctor Loans, CA Loans, Professional Loans, and Supply Chain Financing for value chain optimization.
• Rural Group Loan (Vikaas, Vishwas, Pragati) Group-based micro-credit loans for rural women borrowers and micro entrepreneurs, including Vikaas Loan (short-term collateral-free), Vishwas Loan (for existing members with higher amounts and lower rates), and Pragati Loan variants.
• Farmer Loan Agricultural financing including tractor loans, agri-implement loans, Kisan Suvidha top-up loans, refinance loans, and warehouse receipt finance with competitive rates and repayment terms aligned with farming cycles.
• Loan Against Property (LAP) Secured loans against residential or commercial property with loan amounts up to ₹7.5 Crore and tenure up to 20 years, including balance transfer, top-up, and rural/urban LAP variants.
• Gold Loan Loans against gold jewelry starting from ₹5,000 with tenure up to 12 months, available in four tiers (Shreyas, Sahaj, Sudarshan, Swarnim) up to ₹1 Crore for liquidity needs.
• Supply Chain Financing Collateral-free financing solution for SMEs to optimize their business value chains and working capital needs.
• Doctor Loan Specialized collateral-free business loan for practicing doctors up to ₹1 Crore with flexible tenure up to 60 months.
• Chartered Accountant Loan Specialized business loan for practicing chartered accountants with flexible tenure up to 60 months.
• Insurance Distribution Distribution of life, health, and general insurance products from various insurers as a Corporate Agent (IRDAI Registration No. CA0867), earning commission on sales alongside loan products.

Quantifiable outcome

• 8-minute loan approval for two-wheeler loans
• +3 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Larsen & Toubro LimitedcoreStrategic or Co-development PartnerParent company of L&T Finance Limited. L&T is one of India's largest conglomerates with presence in engineering, construction, technology, and financial services. Provides brand credibility, capital support, and operational synergies to the NBFC business.
• L&T Finance Consultants LimitedminorOthersRelated entity within the L&T Finance group providing financial consulting services.
• L&T RealtyminorGTM or Marketing PartnerExclusive deals offered through L&T Finance platform for L&T Realty projects including EVARA Heights, The Gateway, Elara Celestia, Island Cove, Elixir Reserve, and Green Reserve properties.
• Insurance Partners (Life, Health, General)coreChannel Partner/ Reseller/ DistributorL&T Finance acts as Corporate Agent (IRDAI Registration No. CA0867) distributing life insurance, health insurance, and general insurance products from various insurers, earning commission on sales.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• IIFL Finance: Indian NBFC providing gold loans, home loans, business loans, and personal loans. Direct competitor across multiple L&T Finance verticals, particularly in gold and business/SME lending.
• Shriram Finance: Large Indian NBFC with deep presence in commercial vehicle, two-wheeler, and rural/SME lending. Comparable to L&T Finance's two-wheeler, tractor, and rural group loan segments with similar target customer profile.
• Mahindra & Mahindra Financial Services: NBFC subsidiary of Mahindra Group (similar conglomerate parent structure) focused on rural financing, tractor/auto loans, and SME lending. Directly comparable to L&T Finance's farmer loans, rural group loans, and agri-implement financing verticals.
• Cholamandalam Investment and Finance: Leading Indian NBFC (part of Murugappa Group) focused on vehicle finance, home loans, and SME lending. Comparable diversified retail/SME lending model with strong branch distribution, similar to L&T Finance's two-wheeler, business, and LAP portfolios.
• Manappuram Finance: Diversified Indian NBFC with gold loans as core plus microfinance, housing finance, and commercial vehicle lending. Direct competitor to L&T Finance across gold loans and select retail/SME segments.
• Aditya Birla Capital: Diversified financial services conglomerate offering NBFC lending, housing finance, life insurance, and asset management. Comparable diversified financial services model under a major Indian industrial group, similar to L&T Finance within L&T.
• Muthoot Finance: India's largest gold loan NBFC. Directly competes with L&T Finance's Gold Loan product (Shreyas/Sahaj/Sudarshan/Swarnim) and dominates the gold-backed lending category where L&T Finance has a smaller share.
• Bajaj Finance: India's largest NBFC offering consumer durables financing, personal loans, home loans, business loans, and gold loans with similar breadth. Closest direct competitor to L&T Finance across multiple lending verticals, with stronger digital brand and larger AUM.

Broad incumbents

• HDFC Bank: India's largest private sector bank offering home loans, personal loans, business loans, and two-wheeler financing across the country. Major incumbent competing with L&T Finance across nearly all product lines, with structural cost-of-funds advantage from CASA deposits.
• SBICAP Securities / SBI Group NBFCs: India's largest public sector banking group with SBI Cards, SBI General Insurance, and home finance arms. Broad incumbent across retail lending categories that L&T Finance serves, with deep rural penetration and government-backed trust.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/lntfsonline

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about L&T Financial Services