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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
Penal Charge/Late Payment Charge (LPC)2% per month (p.m.) on overdue EMI + applicable taxes
*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
*Taxes applicable on LPC w.e.f.1st April 2024
Annual Maintenance Charges (applicable only for Dropline Overdraft and Hybrid Overdraft) 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).
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
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
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 – 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
Foreclosure / Full Prepayment Charges – for Dropline Overdraft / Hybrid Overdraft For Individual Borrowers –
• Floating Rate – Nil Charges where end use is not for business/commercial purpose
For cases where end use is for business/commercial purpose
• Less than 1 year from disbursement – up to 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% onDropline 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
Pre-payment Charges – – for Dropline Overdraft / 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
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”

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Loan Against Residential Property

  • Lower Interest Rate
  • Purchase Residential Properties
  • Top-Up Loan
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  • 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.
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  • 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.
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  • 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.
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  • 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)
Two-Wheeler Loan

Two-Wheeler Loan

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.

Dhanashwam Taye (Sibsagar, Assam) Loan Approved in Less than 1 min
Two-Wheeler Loan

Two-Wheeler Loan

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.

Mr. Parmalal Kumar (Bihar) Loan Approved in Less than 1 min
Two-Wheeler Loan

Two-Wheeler Loan

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.

Koushik Kalita (Jorhat, Assam) Loan Approved in Less than 1 min
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

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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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