faq banner

Topics

What is the interest rate for a Loan Against Property?

The current Loan Against Property interest rates at L&T Finance is 9.55 %* p.a.

How is the interest rate for a Loan Against Property calculated?

Interest rates are calculated based on borrowing amount, property type, loan tenure, repayment capacity, and credit score.

What is the current Loan Against Property (LAP) interest rate?

At L&T Finance, interest rates start from 9.55%* p.a.

Does the interest rate vary based on the type of property?

Yes, residential properties generally attract lower interest rates than commercial or industrial properties, as they are less risky for lenders.

What factors influence the interest rate for a Loan Against Property?

Property type, credit score, loan tenure, income stability, property valuation, and LTV ratio are factors that influence interest rates.

Are loans against Property interest rates fixed or floating?

Most LAPs have floating rates linked to benchmark rates, but some lenders also offer fixed-rate loans for better repayment predictability.

How can I get a low interest rate on a Loan Against Property?

Maintain a good credit score, opt for shorter tenures, provide accurate documentation and negotiate with the lender for the lowest interest Loan Against Property.

Does my credit score affect the Loan Against Property interest rate?

Yes, credit scores significantly impact rates. A score above 750 usually ensures better rates, while lower scores attract higher rates.

What is India's typical Loan Against Property interest rate range?

The interest rate typically ranges from 7.5% to 12% p.a., depending on the loan amount, borrower profile and property type.

Can I negotiate the interest rate for a Loan Against Property?

Yes, negotiation is possible, especially with a strong credit score, high-value collateral, or a good relationship with the lender.

Need Further Assistance?

Chat instantly with us or request a call.

faq chat

Chat with us

24x7
faq call

Talk to us

9.00 AM - 7.00 PM