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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

Charge Type - Loan Against Property - Term LoanDetails
Processing FeeUp to 3% of sanctioned amount + applicable taxes (this is inclusive of Login Fee)
Login FeeUp to 5000 (inclusive of applicable taxes)
Repayment/EMI Bounce Charges
Charges in Loan sanction amount in
500< 5 lacs
10005 - 50 Lacs
1500> 50 Lacs - 2 Cr
2000> 2cr
Late Payment Interest (LPI)2% per month (p.m.) on overdue EMI + applicable taxes
*LPI revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
Annual Maintenance chargesNA
Duplicate NOC Charges (Charge is applicable for paper copy post 3 free copies per customer) 250/- + applicable taxes
Repayment Swap Charges ( per swap) 500/- + applicable taxes
Charges for documents like Statement of Account /Repayment Schedule /Foreclosure Letter & Welcome KitPhysical copy at a charge of 500/- + GST per statement/letter/certificate. Digital is NIL
Valuation ChargesAs per actuals
Documentation ChargeAs per actuals
Cash pickup chargeNil
Interest Rate Conversion ChargeUp to 0.5% on Balance Loan Amt + applicable taxes (or) Minimum 10,000/– whichever is higher
List of documents 300/- +applicable taxes
Providing Photo copies of the documents (property & others) 500/- +applicable taxes
Charges incurred by LTF for initiating action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002• Issue of Loan Recall Notice = 500/ –
• Issue of Demand Notice = 1,000/ –
• Issue of Possession Notice = Rs. 2,000/ –
• Applying District Magistrate Order = 8,000/ –
• Taking Physical possession = 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 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 – up to 4% principal outstanding + applicable taxes
• Post 1 year of disbursement – up to 3% on principal outstanding + applicable taxes

For Non-Individual Borrowers – (Applicant/Co – applicant)
• Fixed/Floating Rate loan – Less than 1 year from disbursement – up to 4% principal outstanding + applicable taxes
• Post 1 year of disbursement – up to 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 outstanding + applicable taxes
• Post 1 year of disbursement – upto 2% on Partial/Pre-payment amount + applicable taxes
• Fixed Rate – Less than 1 year from disbursement – up to 4% Partial/Pre-payment amount + applicable taxes
• Post 1 year of disbursement – up to 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 – up to 4% Partial/Pre-payment amount + applicable taxes
• Post 1 year of disbursement – up to 3% on Partial/Prepayment amount + applicable taxes
Switch Charges (Switch from floating interest rate to a fixed interest rate)Up to 1% on principal outstanding loan amount + applicable taxes (or) minimum Rs.10,000/– whichever is higher
Non-Compliance Charges Up to 1% p.a. of principal outstanding loan amount + applicable taxes
Breakup between Principal & InterestAs per Repayment Schedule
Example of SMA/ NPA classificationMore particularly mentioned under “Classification of Assets” under the head “Miscellaneous”
Charge Type - LAP - Dropline Overdraft and Hybrid Overdraft FacilityDetails
Annual Maintenance Charges Up to 0.25%+GST of Dropline Limit available at start of each year (i.e. first on 13th Month and then every anniversary thereon).
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 Dropline Limit + applicable taxes
• Post 1 year of disbursement – upto 2% on Dropline Limit + applicable taxes
• Fixed Rate – Less than 1 year from disbursement – up to 4% Dropline Limit + applicable taxes
• Post 1 year of disbursement – up to 3% on Dropline Limit + applicable taxes

For Non-Individual Borrowers – (Applicant/Co – applicant)
• Fixed/Floating Rate loan – Less than 1 year from disbursement – up to 4% Dropline Limit + applicable taxes
• Post 1 year of disbursement – up to 3% on Dropline Limit + applicable taxes
Part Pre-payment charges 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

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  • 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

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)
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)
Personal Loans

Personal Loans

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.

Jasbir Kaur (Punjab) Loan Disbursed in 15 min
Personal Loans

Personal Loans

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.

Vivek Kumar Grover (Delhi) Loan Disbursed in 2 hours
Personal Loans

Personal Loans

The process was user friendly and very smooth. Mukesh was very helpful in guiding me through the journey and gave me proper guidance.

Jessie D'souza (Mangalore, Karnataka) Loan Disbursed in 2 hours
Micro Loans

Micro Loans

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.

Minabai Kevat (Kannad, Maharashtra)

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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Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098

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