Charge Type - Loan Against Property | Details |
---|---|
Processing Fee | Upto 3% on Sanctioned Amount + applicable taxes |
Repayment bounce charges | Rs.1,000/- + applicable taxes |
Late payment interest | 3% per month on overdue EMI |
Annual Maintenance charges | NA |
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 Certificate | Nil |
Valuation Charges | As per actuals |
Documentation Charge | As per actuals |
Cash pickup charge | Nil |
Interest Rate Conversion Charge | Upto 0.5% on Balance Loan Amt + applicable taxes (or) Minimum Rs.10,000/ – whichever is higher |
List of documents | Rs. 300/- +applicable taxes |
Providing Photo copies of the documents | Rs. 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 Charges | Rs. 5000/- + applicable taxes |
Recovery of proportionate actual expenses from disbursement date(s), from individual borrower(s) in | LAP – 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 Facility | Details |
---|---|
Additional Interest | 2 % 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” |
L&T Finance has been a key partner in my success. They have been extremely helpful and a great resource. The support I received from them was priceless.
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.
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.
Over 2 years have passed since I first took a tractor loan from LTF. The FLS assisted me personally and answered all my EMI & Loan related queries. The loan was disbursed within 24 hours and the money got credited the same day. LTF also provided me with a pre-approved loan considering my good track record, which was extremely beneficial to my business. I would definitely recommend LTF to my friends and family.
My friend recommended LTF since they provide tractor loans at a lower interest rate than others, the loan process is simple, no physical documentation is required, payment was deposited the same day and I received the tractor within a week. My agricultural business has really improved thanks to the LTF.
L&T Finance was recommended by a friend for a tractor loan. The loan was disbursed immediately and I received my tractor within a few days. The new tractor really helped me to grow my business. I would definitely prefer L&T Finance for future loan requirements.
I am very much satisfied with the loan scheme of L&T finance. They have approved the loan within a very short time and the Yamaha MT bike was one of my dream bikes and I got the bike with support and help of L&T finance and a bit of down payment
I got a loan from L&T Finance. It was a very smooth and easy loan process. I just brought my KYC documents and got loan within five minutes, and the rate of interest is also very low. I am really very pleased with L&T Finance.
I really appreciate the No-Hypothecation scheme in which the interest rate is low and there is no hypothecation in Registration Certificate Card, which makes it a lot easier for the customer during closure of the loan.
Thank you for providing quick service regarding the loan and it's disbursement. I am fully satisfied and rate you 5 star for the same.
I availed a professional loan availed from L&T Finance. I am very happy to share my pleasant experience. Entire process was simple, quick & hassle free.
I want to share that your customer care system is so caring that the client feels, they are in safe hands. Entire team works in synergy, which I personally appreciate. I thank the entire team for the great work you are doing for your clients.
The process was user friendly and very smooth. Mukesh was very helpful in guiding me through the journey and gave me proper guidance.
I, Lakki Devi, own a small readymade cloth shop and this is my 3rd loan from L&T Finance. Initially I used to sell sarees by travelling one village to another. After taking micro loans from L&T Finance, I expanded my small business and it helped my family.
With this loan, I started a milk business. L&T Finance is very good and the collection agent arrived as per the schedule. I am very proud for taking a loan from L&T Finance.
I have taken my 3rd loan from L&T Finance to run my clothing business. Firstly, I started the business from home and eventually got a rental shop which helped increase my customer base. I was able to grow my business with the help of this loan. Thank you for your on time support.
I have upskilled myself and look forward to starting my own venture soon. Smooth process, disbursement in 15 mins of process completion. Extremely satisfied with the assistance of the Call center.
Have more doubts about home loans? Get all your queries answered here.
Reach out to L&T Finance on any device, across multiple channels.
If you prefer Self Help Option (SHO) Click here
Get them answered instantly.
By proceeding, I confirm that the information provided by me here is accurate. I authorize L&T Finance and/or its authorized representatives to contact me for any queries and/or my documents collection for the loan application. This will override registry on Do Not Disturb (DND)/National Do Not Call (NDNC)
Get A CallbackBrindavan Building, Plot No 177
Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098
To visit a branch of L&T Finance please Click here
Send 'Hi' or 'Hello' to : +91 7378333451
You may Call, SMS or e-Mail us for your loan related needs.