Name: Loan Against Property
Brand: L&T Finance
Rating: 5 (10 reviews)

Tap into your property's potential with our Loan Against Property. You can apply loan against property amount ranging from ₹25 Lakh* to ₹7 Crore* with a maximum loan tenure of up to 20 years. We provide easy and efficient processing of your loan with quick disbursal. Our property finance offers attractive interest rate and flexible repayment plans, to facilitate your needs of business expansion, education, or any other requirement.

Dropline Overdraft
Commercial Property Purchase

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 20 years, allowing you to repay comfortably over time

Attractive Interest Rates

Benefit from attractive interest rates starting from 9.40%*

Quick & Efficient Processing

Quick funds disbursed within 72 hours* of loan approval

Loan Against Property 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)

9.40%

13%

Loan tenure (months)

36 months

240 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Loan Against Property Eligibility & Documents Required

Eligibility for Loan Against Property

Residency:

Indian resident

Age:

Salaried: 23 years to 70 years
Self-employed: 25 years to 70 years

Profession:

Salaried / self-employed professionals and non-professionals

Other:

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

List of Documents Required for a Loan Against Property

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 salaried, non-salaried and self-employed. List of required income documents

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FAQs & Support

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What is a Loan Against Property?

A Loan Against Property (LAP) is a secured loan where you pledge your property as collateral. You can borrow funds against the market value of your property for business or personal or need.

What is the maximum and minimum amount I can borrow for a Property Loan?

You can borrow between ₹30 lakh* to ₹7 crore*, depending on the value of the property and your eligibility criteria.

Can I pay extra EMI for a loan against the property?

Yes, paying extra EMIs or making part-prepayments can help reduce the principal amount and interest burden, thereby shortening the loan tenure.

What is the processing fee for a Loan Against Property?

The processing fee for a Loan Against Property is up to 1% of the sanctioned amount plus applicable taxes.

What are the parameters for arriving at Loan Against Property eligibility?

Eligibility parameters for Loan Against Property with L&T Finance include:
Salaried: Salaried employee of any public, private, or multinational organisation and age from 23 years to 62 years

Self-employed: Self-employed with a steady income from business and age: 25 years to 70 years

Total income and property value are also taken into consideration.

What is the maximum repayment period for my Mortgage Loan?

The maximum repayment period for a mortgage loan can go up to 20 years, depending on eligibility.

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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.

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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!

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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.

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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

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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