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What is a Micro LAP Loan?

A Micro Loan Against Property (M LAP) allows you to borrow funds by mortgaging your property. The loan can be used for vario... Read More

Who is eligible for a rural Loan for Micro Loan Against Property?

Any individual or business entity that owns a property in rural India, can take a Micro Loan Against Property. This includes... Read More

What are the eligibility criteria for Micro Loan Against Property?

Here is the eligibility criteria for Micro Loan Against Property:
Age: 18 and 65 years
Reside... Read More

Will there be a processing fee for Micro Loan Against Property financing?

Yes, there is a processing fee for Micro Loan Against Property of up to 1.25% on loan Amount + applicable taxes.

What are the fees and charges for a Micro Loan Against Property?

Fees & Charges List of all fees and charges
Processing Fees: 1.25% on loan Amount +... Read More

Can I prepay my Micro Loan Against Property Loan?

Yes, you can prepay for your Micro Mortgage Loan. However, foreclosure charges will apply.

How can I apply for Micro LAP finance?

You can apply for Micro LAP finance by:
1. Click here to Apply Now.
2. Get in touch with o... Read More

What is the maximum loan amount I can get under L&T Finance for Micro Loan Against Property?

The maximum loan amount under L&T Finance for Micro Loan Against Property depends on the property’s market value and rep... Read More

What are the documents required for a Micro LAP Loan?

Valid ID Proof - Aadhaar Card & Voter ID / MGNREGA card
Valid Address Proof - Aadha... Read More

What is the maximum tenure for which I can avail myself of a Micro Loan Against Property?

Micro LAP tenure will be as outlined in the Key Fact Statement (KFS) shared by the company. The maximum tenure for a Micro L... Read More

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