Faqs - L&T Finance

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What is the Loan Against Property Eligibility Calculator?

It’s an online tool that calculates the maximum loan amount you can borrow against your property based on factors like income, property value and existing debts.

How is a Loan Against Property eligibility calculated?

Eligibility is calculated based on income, property value, loan-to-value ratio, credit score and existing liabilities.

How does a Loan Against Property Eligibility Calculator Work?

It uses income, property value and credit score parameters to provide instant eligibility results.

Does the Loan Against Property EMI calculator work like the Loan Against Property eligibility calculator?

No, an EMI calculator estimates the monthly repayment amount, while an eligibility calculator determines the maximum loan amount you are eligible to get.

How to increase eligibility for Loan Against Property?

Improve your credit score, clear existing debts, increase income stability, or opt for a co-applicant.

What factors affect my eligibility for a Loan Against Property?

Income, property value, credit score, liabilities, and loan-to-value ratio are key factors.

How accurate is a Loan Against Property eligibility calculator?

It provides near-accurate results based on the data you input, but final approval depends on lender verification.

How much loan can I get against my property using an eligibility calculator?

Typically, up to 90% of your property’s market value can be availed as a loan.

What tenure is considered in a loan against a property calculator?

Most calculators allow you to select tenures ranging from 5 to 20 years, depending on the lender.

How does income impact my eligibility for a Loan Against Property?

Higher income increases repayment capacity, improving eligibility.

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