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Loan Tenure

Max Tenure

Loan tenure from 15 to 18 years

max loan amount

Max Amount

Funding available from Rs 10 lacs to Rs 10 crores

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

  • Self-employed Professionals:
    • Doctors
    • Chartered Accountants
    • Consultants
    • Architects Lawyers
    • Company Secretaries
  • Self-employed non-professionals:
    • Traders
    • Commission Agents
    • Contractors
    • Age: 25 – 70 years of age
    • Self-employed professionals and non-professionals need to show proof of a stable income.
    • You must also be a resident of India to avail this loan.

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:

  • Proof of identity and residence:
  • Proof of Income
  • Property Documents
  • Other Documents
  • PAN
  • Voter’s ID
  • Driver’s License
  • Passport
  • CA-attested ITR for previous 3 years (personal & business income)
  • CA-attested Balance sheets and profit and loss statements for previous 3 years
  • Savings account and current account statements
  • Title deeds
  • Allotment letter/buyer agreement
  • Business Profile
  • List of Chartered Accountants and Company Secretariats
  • Complete details of pre-existing loans
  • Passport-size photographs of all applicants/co-applicants
  • Memorandum of Association and Articles of Association in case of a company
  • Partnership deed
  • Proof of own contribution
  • Cheques drawn in favour of the loan provider to pay the processing fee
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 ChargeUpto 0.5% on Balance Loan Amt + applicable taxes (or) Minimum Rs.10,000/ – whichever is higher
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 dream home 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

Loan Against Commercial Property!

  • Purchase Commercial Property
  • New Office or Clinic
  • Construction
  • Transfer Loans
LTFS-home-Loan
  • LAP on commercial property purchase can help with the financial assistance for purchase of a fully constructed Commercial Property.

    • Minimum loan amount for this facility is Rs. 25 lacs.
    • Loan tenor is minimum 3 years to maximum 10 years.
    • Individual properties where finishing work is pending due to specific requirement of customer may be considered.
  • Commercial Properties
    • New Purchase
    • Resale
  • LTV
    • LTV <= 85% of Cost of Property (COP) Subject to 60% of Market Value
    • LTV <= 80% of Cost of Property (COP) Subject to 60% of Market Value
LTFS-home-Loan
  • Avail our commercial property loan to aid in the purchasing of a new office space for your business or a clinic for your practice.
LTFS-home-Loan
  • Wish to extend, improve or construct your own commercial space?
  • Now you can do so with the commercial property loan. With the help of an LAP for Commercial Property Purchase take up renovations, beautifications or complete construction of your office space or clinic
LTFS-home-Loan
  • Incurring heavy interest expenses on your existing loan from another bank? Transfer your outstanding loan from any other bank or financial institution by using the LAP for Commercial Property Purchase.

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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