CreditBrief

What L&T Finance lends, and to whom

Its loan book from its own filings: how big it was at the end of FY2025-26, who borrows from it, how it has grown and where it ranks. Every number links to the page it came from.

FY2025-26Year-end balance on 31 March 2026, the last day of FY2025-26. The latest half-year balance, on 30 Sep 2026, is ₹1.37 lakh crore (+12% since March).

L&T FinanceNBFCs

₹1.22lakh croretotal loan book on 31 Mar 2026: lent and not yet repaid

Compare loan books Credit salaries here

Size among peers8thof 13 NBFCs on CreditBrief, March 2026
Biggest segment23%Rural Group Loans & Business Loans, latest split (30 Sep 2026)
Share of the combined book5.4%of all NBFCs on CreditBrief

Chapter 01 · The loan book

₹1.22 lakh crore lent out by March 2026. To whom?

A loan book is everything a lender has lent that has not yet been paid back. It is not profit and not revenue: it is the money still owed to it, on one day.

The simple version. When someone takes a ₹50 lakh home loan, it sits in L&T Finance's loan book until it is repaid. Add up every loan it had out on 31 March 2026, from rural group loans & business loans down, and you get ₹1.22 lakh crore. By 30 Sep 2026 it was ₹1.37 lakh crore.

First cut: who the borrower is · split from its latest filing, 30 Sep 2026

90%People and households₹1.24 lakh croreFarm Equipment FinanceRural Group Loans & Business LoansMicro LAPTwo Wheeler FinancePersonal Loans
8%Businesses₹11,531 croreSME FinanceInfrastructure FinanceReal Estate Finance

1% sits in lines the filing does not tie to either: Acquired Portfolio.

Drilling down: what it lends against · 30 Sep 2026

  • Rural Group Loans & Business Loans₹31,377 crore23%
  • Home Loans₹23,810 crore17.4%
  • Personal Loans₹18,664 crore13.7%
  • Farm Equipment Finance₹17,397 crore12.7%
  • Two Wheeler Finance₹16,158 crore11.8%
  • SME Finance₹9,495 crore6.9%
  • LAP₹9,036 crore6.6%
  • Gold Finance₹5,043 crore3.7%
  • Micro LAP₹2,088 crore1.5%
  • Acquired Portfolio₹1,531 crore1.1%
  • Infrastructure Finance₹1,247 crore0.9%
  • Real Estate Finance₹789 crore0.6%

The whole group's lending book, which the company calls "Total Book" rather than AUM: ₹1,34,600 crore retail and ₹2,036 crore wholesale.

Sources: L&T Finance Investor Presentation Q4 FY26, PDF page 68 ↗ for March 2026; L&T Finance Investor Presentation Q2 FY27, PDF page 48 ↗ for 30 Sep 2026 and the split.

Chapter 02 · Insights

Growing 8.3% a year since March 2022.

From ₹88,341 crore on 31 March 2022 to ₹1.22 lakh crore on 31 March 2026, and ₹1.37 lakh crore by 30 Sep 2026. Click the i beside any figure in the table to see the line it was read from.

CreditBrief Insights12 figures from 6 filings · each checked against its pageHow it works
L&T Finance · loan book · 31 March 2026₹1.22lakh crore+25% in FY2025-26₹1.37 lakh crore by 30 Sep 2026
  1. 018.3%a year since 2022Grew 8.3% a year from March 2022 to March 2026, faster than 0 of the 10 other NBFCs with like-for-like figures for those years.
  2. 0225%in FY2025-26Growth picked up to 25% in FY2025-26, from 14% the year before.
  3. 034thamong peersSlipped from 4th to 8th biggest of these 13 NBFCs between March 2022 and March 2026.
MeasureMar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Loan book₹ crore · total loan book88,34180,89385,56597,7621,21,7281,36,635
BranchesNumber198206207245673880

Each value was checked by script: the quoted line is on the cited page and its number matches. Growth is worked out from these values.

Insights alertQ3 FY2026-27 due by 14 Feb 2027

Know what moved at L&T Finance, the week its results land.

Insights reads the filing, checks every figure against its page, and emails you the story with the receipts. About four emails a year per lender.

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Its last results, as an alert

CreditBrief Insightsto you

L&T Finance, Q2 FY2026-27: loan book ₹1.37 lakh crore, +12% since March

  • ₹1.37 lakh crore lent out by Q2 FY2026-27
  • Biggest segment: Rural Group Loans & Business Loans, 23% of the book
  • Every figure links to page 48 of its filing

Chapter 03 · Among its peers

8th biggest of 13 NBFCs we cover, March 2026.

At the end of FY2025-26 it held 5.4% of the combined loan book of the NBFCs on CreditBrief. NBFCs and housing finance companies report assets under management.

  1. 1Bajaj Finance₹5.10 lakh crore
  2. 2Shriram Finance₹3.02 lakh crore
  3. 3Tata Capital₹2.77 lakh crore
  4. 4Cholamandalam Investment and Finance₹2.24 lakh crore
  5. 5Muthoot Finance₹1.63 lakh crore
  6. 6Aditya Birla Capital₹1.60 lakh crore
  7. 7Mahindra Finance₹1.34 lakh crore
  8. 8L&T Finance₹1.22 lakh crore

Explore every lender's loan book. CreditBrief covers 53 lenders, not every lender in India.

Chapter 04 · Working here

Getting in.

Jobs at L&T Finance

Openings are on the lender's own careers page, which we loaded and read on the jobs page.

Open the careers page ↗

Read next

Prepare for the interview

Chapter 05 · Sources

Every number, traced to its filing.

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