Loan tenure from 15 to 18 years
Funding available from Rs 10 lacs to Rs 10 crores
Get funds within 72 hours*
Tranche based EMI and Part Prepayment Scheme
Loan Against Property starting at 9.60%* rate of interest
Charge Type - Loan Against Property | Details |
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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 |
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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” |
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.
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.
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Brindavan Building, Plot No 177
Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098
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