Home Loan Spoorthi

Spoorthi is a dedicated mortgage program specifically designed to empower women entrepreneurs. The program facilitates financing for the purchase of residential property, or business expansion. It covers both Home Loans (HL) and Loan Against Property (LAP). You can apply loan amount ranging from ₹25 Lakh* to ₹7 Crore* with a maximum loan tenure of up to 25 years*. We provide easy and efficient processing of your loan with quick disbursal.

Features & Benefits
EMI Calculator
Documentation
Eligibility
Fees & Charges
Frequently Asked Questions

Loan Offering

Flexible loan options from 25 Lakh* to 7 Crore* for your needs

Assisted digital journey

Seamless online journey with personalised assistance at every step

Flexible Repayment Option

Repay your loan with easy EMIs through your preferred repayment method

Maximum loan tenure

Choose a loan tenure from 3 to 25 years, allowing you to repay comfortably over time

Attractive Interest Rates

Benefit from attractive interest rates starting from 7.75%*

Quick & Efficient Processing

Quick funds disbursed within 72 hours* of loan approval

EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹25,00,000

₹7,00,00,000

Interest rate (per annum)

7.75%

13%

Loan tenure (months)

36 months

240 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Eligibility & Documents Required

Eligibility

Residency:

Indian resident

Age:

Self-employed: 25 years to 70 years

Profession:

Self-employed professionals and non-professionals

Other:

Can be increased by adding co-applicant income or other verifiable income sources

List of Documents Required

Age Proof

Aadhaar Card | PAN Card | Passport

Address Proof

Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc

Photo ID Proof

Income Proof

Income proofs vary for different professionals across non-salaried and self-employed. List of required income documents

Fees And Charges

List of all fees and charges

Processing Fee:
Up to 3% of sanctioned amount + applicable taxes
Login Fee:
Up to Rs.5000/- (inclusive of applicable taxes) (nonrefundable)
EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
As shown in the table below

Loan sanction amount (in INR)

Charges in (in INR)

< 5 lacs

₹ 500

5 – 50 Lacs

₹ 1000

>50 Lacs – 2 Cr

₹ 1500

>2 Cr

₹ 2000

Penal Charge/Late Payment Charge (LPC):
Up to 2% per month (p.m.) on overdue EMI + applicable taxes
Annual Maintenance Charges (applicable only for Dropline Overdraft and Hybrid Overdraft)
Up to 0.25% + applicable taxes of Dropline Limit available at start of each year (i.e. first on 13th Month and then every anniversary thereon).
Document retrieval / Duplicate NOC charges
Duplicate NOC (charge is applicable for paper copy post 3 free copies per customer), list of documents, Photo copies of the documents (property & others) Up to Rs.1000/- + applicable taxes
Repayment instrument swap fee (per swap):
Up to Rs. 500/- + applicable taxes (applicable only for branch walk-ins)
Asset valuation and verification fee
Up to 1% of loan amount + applicable taxes
Documentation and repayment setup fee
Up to Rs.2,000/- + applicable taxes
Interest conversion fee
Floating interest rate to floating interest rate: 0.5% of balance Loan Amt. or Rs. 10,000/- whichever is higher + applicable taxes
Floating interest rate to a fixed interest rate and vice versa: 1% of balance Loan Amt. or Rs. 10,000/- whichever is higher + applicable taxes
Charges incurred by LTF for initiating action under Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002:
- Issue of Loan Recall Notice = Up to Rs. 500/ –
- Issue of Demand Notice = Up to Rs. 1,000/ –
- Issue of Possession Notice = Up to Rs. 2,000/ –
- Applying District Magistrate Order = Up to Rs. 8,000/
- Taking Physical possession = Up to 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. All applicable taxes will be added.
Loan Cancellation Charges:
Up to Rs. 5000/– + applicable taxes
Recovery of proportionate actual expenses from disbursement date(s), from individual borrower(s) in
LAP – Up to 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
  For cases where end use is for business/commercial purpose
  i. Less than 1 year from disbursement – up to 3% principal outstanding + applicable taxes*
  ii. Post 1 year of disbursement – up to 2% on principal outstanding + applicable taxes*
- Fixed Rate –
  i. Less than 1 year from disbursement – up to 4% principal outstanding + applicable taxes
  ii. Post 1 year of disbursement – up to 3% on principal outstanding + applicable taxes
For Non – Individual Borrowers – (Applicant/Co – applicant)
- Fixed/Floating rate loan –
  i. Less than 1 year from disbursement – up to 4% principal outstanding + applicable taxes*
  ii. Post 1 year of disbursement – up to 3% on principal outstanding + applicable taxes*
*Note : NIL for MSEs loans and advances, sanctioned or renewed on or after January 1, 2026 for floating rate loan.
Pre-payment Charges – Loan Against Property:
For Individual Borrowers –
- Floating Rate –
  Nil Charges where end use is not for business/commercial purpose. For cases where end use is for business/commercial purpose
  i. Less than 1 year from disbursement – up to 3% on Partial/Pre-payment amount + applicable taxes*
  ii. Post 1 year of disbursement – up to 2% on Partial/Prepayment amount + applicable taxes*
- Fixed Rate –
  i. Less than 1 year from disbursement – up to 4% on Partial/Pre-payment amount + applicable taxes
  ii. Post 1 year of disbursement – up to 3% on Partial/Pre-payment amount + applicable taxes
For Non – Individual Borrowers – (Applicant/Co – applicant)
- Fixed/Floating rate loan –
  i. Less than 1 year from disbursement – up to 4% on Partial/Prepayment + applicable taxes*
  ii. Post 1 year of disbursement – up to 3% on Partial/Prepayment amount + applicable taxes*
*Note: NIL for MSEs loans and advances, sanctioned or renewed on or after January 1, 2026 for floating rate loan.
Foreclosure / Full Prepayment Charges – for Dropline Overdraft / Hybrid Overdraft
For Individual Borrowers –
- Floating Rate –
  Nil Charges where end use is not for business/commercial purpose. For cases where end use is for business/commercial purpose
  i. Less than 1 year from disbursement – up to 3% on Dropline Limit + applicable taxes*
  ii. Post 1 year of disbursement – up to 2% on Dropline Limit + applicable taxes*
- Fixed Rate –
  i. Less than 1 year from disbursement – up to 4% on Dropline Limit + applicable taxes
  ii. Post 1 year of disbursement – up to 3% on Dropline Limit + applicable taxes
For Non – Individual Borrowers – (Applicant/Co – applicant)
- Fixed/Floating rate loan –
  i. Less than 1 year from disbursement – up to 4% on Dropline Limit + applicable taxes*
  ii. Post 1 year of disbursement – up to 3% on Dropline Limit + applicable taxes*
*Note: NIL for MSEs loans and advances, sanctioned or renewed on or after January 1, 2026 for floating rate loan.
Pre-payment Charges – – for Dropline Overdraft / Hybrid Overdraft:
Part pre-payment of Loan toward limit reduction is not available
Non-Compliance Charges:
Up to 1% p.a. of principal outstanding loan amount + applicable taxes
Breakup between Principal & Interest:
As per Repayment Schedule
Example of SMA/ NPA classification:
More particularly mentioned under “Classification of Assets” under the head “Miscellaneous”
Field collection service fee:
Up to Rs. 500/- per collection + applicable taxes
Legal fees and charges:
As per actuals or Up to Rs. 50,000/- whichever is lower + applicable taxes
Recovery charges:
As per actuals or Up to Rs. 1,00,000/- whichever is lower + applicable taxes
Auction fees:
Up to 1% of auction sale amount + applicable taxes

Exclusive deals from L&T Realty

How to Apply for Instant Loan

Apply for Loan with these steps

1. Apply Online in Minutes:
Click on "Apply Now" and fill in the form with your personal details and other relevant information
2. Connect with our representative
Our representative will contact you with the details of the loan offer and collect your documents
3. Eligibility and Document check
Your eligibility will be checked and documents will be verified before processing the loan
4. Configure your mode of repayments
You can select your repayment mode and set up a convenient EMI payment schedule
5. Get Loan Disbursement:
Receive the loan amount directly into your account, ensuring convenient and smooth access to funds

FAQs & Support

View all

Does the property have to be in Women's name?

Yes, women must be either the sole owner or a co-owner of the property offered as collateral.

Can I include my husband's income to increase my loan eligibility?

Yes, but your individual income must constitute at least 50% of the total appraised income for the application.

Is this program available in all cities?

Currently, Phase I covers 8 major hubs: Mumbai, Delhi, Bangalore, Chennai, Pune, Ahmedabad, Kolkata, and Hyderabad .

Can I apply if my business is only 2 years old?

Yes, if your loan requirement is up to 75 lacs, the Spoorthi program accepts a 2-year business vintage.

Explore all FAQs

Housing Loan

Buying a home in Mumbai was always a dream of mine, and L&T Finance has made this dream come true. They offered competitive interest rate, quick approval with easy documentation. I would highly recommend L&T Finance to anyone looking for a reliable home loan provider.

Yadika Hussain

Mumbai

Housing Loan

L&T Finance made my homeownership and business growth easier! After taking a home loan with another bank, I needed additional funds to expand my business. L&T offered a quick response, pre-approval, & a streamlined process with minimal paperwork. Plus, I received lower interest rate & maximum funding!

Amol Hirawadekar

Mumbai

Housing Loan

Choosing L&T Finance for our home loan was seamless. The team was supportive, with transparent documentation, quick responses, and competitive rates. Their efficient process made our home-buying journey smooth, and the L&T Emerald’s location, amenities, and security make it the perfect choice for our family.

Amit Chaturvedi

Mumbai, Maharashtra

Housing Loan

I was looking to buy a property and L&T finance Housing Loans stepped in forward to cater to all my demands, the ease of the documentation processes and their commitment to provide disbursement at the earliest. Whatever I asked, the team was there support at every step to get me through.

Mr. Sharad Pandey

Captain, Merchant Navy

Housing Loan

The process of applying L&T Finance Housing loans was a very easy and seamless process. And the credit goes to L&T Finance's entire Housing loan team. They have been extremely helpful & quick response. A very transparent process, the best of the market rates and quick disbursement.

Amit Chaturvedi

Powai, Mumbai