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“Important Information on the L&T Finance Holdings Limited Merger"Click Here

“Important Information on the L&T Finance Holdings Limited Merger"Click Here

“Important Information on the L&T Finance Holdings Limited Merger"Click Here

“Important Information on the L&T Finance Holdings Limited Merger"Click Here

Loan Tenure

Loan Tenure

Maximum loan tenure of upto 15 years

max loan amount

Maximum Loan Amount

You can avail a loan ranging from 25 lacs to 7.5 cr

interest rate options

Quick & Efficient Processing

Get funds within 72 hours

lowest down payment

Flexible Repayment Options

Tranche based EMI and Part Prepayment Scheme

lowest down payment

Attractive interest rates

Loan Against Property starting at 9.60%* rate of interest

Eligibility

  • Salaried Individuals:
    • Resident of India
    • Age: 23 to 62 years of age
    • Salaried employee of any public, private or multi-national organisation
  • Self-employed individuals:
    • Resident of India
    • Age: 25 to 70 years of age
    • Self-employed individual with a steady income from business

Calculate EMI

Loan Requirement ()

2 Lacs
20 Cr

Interest rate (%)

%
9.55 %
15 %

Loan Tenure (In Months)

Months
30 Months
360 Months

Your EMI:

15,730 /-

  • Principal Amount:

  • Interest Amount:

  • Salaried Individuals
  • Professionals
    Self-Employed Professionals (SEP)
  • Businessman
    Self-Employed Non Professionals (SENP)
  • Latest salary slips
  • Bank account statements of the past 3 months
  • PAN card/Form 60 of all applicants
  • ID proof
  • Address proof
  • Document of the property to be mortgaged
  • IT returns
  • Title documents
  • Primary Bank account statements of the previous 6 months
  • PAN card/Form 60 of all applicants
  • ID proof
  • Address proof
  • Income documents like ITR/financial statements
  • Document of the property to be mortgaged
  • Title documents
  • PAN Card
  • Aadhar Card
  • Income documents like ITR/financial statements
  • Document of the property to be mortgaged
  • Title documents
  • Passport
  • Election ID Card
  • Utility Bill
  • Driving License
  • Registered Rent Agreement
  • Aadhar Card
  • PAN Card
  • Aadhar Card
  • Latest 2 years ITRs with computation for the individual applicants and co applicants (When borrower is an individual)
  • Bank Account Statement (Current and Savings Accounts) required for last 1-year
  • Latest 2 years audited / C.A. certified profit & loss accounts and balance sheets of the firm / company (When borrower is a firm / company)
Charge Type - Loan Against PropertyDetails
Processing FeeUpto 3% on Sanctioned Amount + applicable taxes
Repayment bounce chargesRs.1,000/- + applicable taxes
Late payment interest3% per month on overdue EMI
Annual Maintenance chargesNA
Duplicate NOC charges (Charge is applicable for paper copy post 3 free copies per customer)Rs 250/- + applicable taxes
Repayment swap charges ( per swap)Rs 500/- + applicable taxes
Additional documents charges -SOA/RPS/FC letter /Interest CertificateNil
Valuation ChargesAs per actuals
Documentation ChargeAs per actuals
Cash pickup chargeNil
Interest Rate Conversion ChargeRs. 1,000 + GST
List of documentsRs. 300/- +applicable taxes
Providing Photo copies of the documentsRs. 500/- +applicable taxes
Charges incurred by LTFL for initiating action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002· Issue of Loan Recall Notice = Rs. 500/ –
· Issue of Demand Notice = Rs. 1,000/ –
· Issue of Possession Notice = Rs. 2,000/ –
· Applying District Magistrate Order = Rs. 8,000/ –
· Taking Physical possession = Rs. 20,000/ –
Actual cost incurred will be debited for expenses pertaining to Publication of Possession Notice / Publication Demand Notice / Publication of Sale cum Auction Notice.
Legal / Recovery Charges (Other than pertaining to SARFAESI)As per actuals
Loan Cancellation ChargesRs. 5000/- + applicable taxes
Recovery of proportionate actual expenses from disbursement date(s), from individual borrower(s) inLAP – Upto 1% of total disbursed loan amount + applicable taxes in case of closure within 24 months
Foreclosure / Full prepayment Charges – Loan Against Property For Individual Borrowers –
• Floating Rate – Nil Charges where end use is not for business/commercial purpose
• Floating Rate – for cases where end use is for business/commercial purpose
• Less than 1 year from disbursement – upto 3% on principal outstanding + applicable taxes
• Post 1 year of disbursement – upto 2% on principal outstanding + applicable taxes
• Fixed Rate –
• Less than 1 year from disbursement – upto 4% principal outstanding + applicable taxes
• Post 1 year of disbursement – upto 3% on principal outstanding + applicable taxes

For Non – Individual Borrowers – (Applicant/Co – applicant)
• Fixed/Floating rate loan –
• Less than 1 year from disbursement – upto 4% principal outstanding + applicable taxes
• Post 1 year of disbursement – upto 3% on principal outstanding + applicable taxes
Pre-payment Charges – Loan Against Property For Individual Borrowers –
• Floating Rate – Nil Charges where end use is not for business/commercial purpose
• Floating Rate – for cases where end use is for business/commercial purpose
• Less than 1 year from disbursement – upto 3% on Partial / Pre – payment amount + applicable taxes
• Post 1 year of disbursement – upto 2% on Partial / Pre – payment amount + applicable taxes
• Fixed Rate –
• Less than 1 year from disbursement – upto 4% on Partial / Pre – payment amount + applicable taxes
• Post 1 year of disbursement – upto 3% on Partial / Pre – payment amount + applicable taxes

For Non – Individual Borrowers – (Applicant/Co – applicant)
• Fixed/Floating rate loan –
• Less than 1 year from disbursement – upto 4% on Partial / Pre – payment amount + applicable taxes
• Post 1 year of disbursement – upto 3% on Partial / Pre – payment amount + applicable taxes
Charge Type - LAP - Dropline Overdraft and Hybrid Overdraft FacilityDetails
Additional Interest2 % p.m. on overdue amounts
Payment Mandate Dishonour Charges Rs.500/-
Foreclosure / Full Pre-payment charges 5 % on outstanding Loan on the date of such full pre-payment
Part Pre-payment charges Dropline / Hybrid Overdraft:
• Not allowed till the day after the First Due Date. No charges applicable from the day after the First Due Date.
• Part pre-payment of Loan toward limit reduction is not available
Annual Maintenance Charges (applicable only for Dropline Overdraft and Hybrid Overdraft) 0.25% (+GST) of the Loan Amount as per the Repayment Schedule
Legal / Recovery Charges Actual
Statement of account/ Repayment Schedule/ no dues certificate/ interest certificate Physical copy at a charge of Rs.500/- +GST per statement/letter/certificate. Digital is NIL
Mandate Swap Charges Rs.500/- + GST
Breakup between Principal & Interest As per Repayment Schedule
Example of SMA/ NPA classification More particularly mentioned under “Classification of Assets” under the head “Miscellaneous”

Get your ambitions financed today!

APPLY NOW

Apply With Ease

  • Salaried

  • Self Employed

  • Get OTP Verification

  • Enter KYC Details

  • Share Income Documents

  • Share Company Documents

  • Get Loan Eligibility

  • Get OTP Verification

  • Enter KYC Details

  • Share Income Documents

  • Share Company Documents

  • Get Loan Eligibility

Do More With a

Loan Against Residential Property

  • Lower Interest Rate
  • Purchase Residential Properties
  • Top-Up Loan
LTFS-home-Loan
  • Buying a home can be quite tempting initially. And later on, the interest on your loan could be a burden for you. Now with Balance Transfer to L&T Finance Housing Finance, home buyers can transfer your existing loan from any other financial institution to help you save on interest expenses.
LTFS-home-Loan
  • While you can take a home loan for many other types of properties, a balance transfer is applicable only on residential properties. If you wish to reduce your interest expenses on your existing loan from any other financial institution, you can opt for Balance Transfer with L&T Finance.
LTFS-home-Loan
  • Need a little more to offset your home loan expenses? Balance Transfer allows you to get a Top-Up Loan that can both, allow you to pay a lower interest as well as take care of additional expenses.
LTFS-home-Loan
  • Got your sights set on an attractive piece of land? Now you can use our home loan facility to buy an everlasting asset.
  • Starting at an interest rate of 7.95%, a home loan could help immensely with construction and expansion of a home.

Empowering Your Goals.

Housing Loan

Housing Loan

It was indeed great to be associated with L&T Finance, the sales team here is very supportive and committed. Services provided are beyond delight and it was a pleasure interacting with them. The process of my home loan application was very simple and easy and the overall process was smooth.

Atul Rege (Mumbai)
Housing Loan

Housing Loan

I feel immensely grateful for your active cooperation and your cooperation has been outstanding and commendable. Without your contribution, it would be difficult for me to get my loan pass in a short period. Thank you for your untiring efforts and diligent work. Hats off for your support and guidance.

Kunal Khanna (Delhi)

Our Achievements

Our Achivements
Our Achivements

Home Loan And LAP

Home Loan And LAP

  • Disbursements at ₹2,399 Cr in FY22
  • Home Loan Approval (login to sanction): 20 minutes against industry average of 2 days

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Corporate Office

Brindavan Building, Plot No 177
Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098

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