Micro LAP
Understand About Types of Mortgage Loans
Jun 12, 2025 | 4 mins read
Loan Against Property
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.
![tab img]()
Dropline Overdraft
![tab img]()
Commercial Property Purchase
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
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
PAN and any one of the following- Aadhaar Card| Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address
Income Proof
Income proofs vary for different professionals across salaried, non-salaried and self-employed. List of required income documents
Exclusive deals from L&T Realty
Loan Against Property Interest Rate
When you pledge your property for a loan, the Loan Against Property interest rate plays an important role in deciding your EMI and total repayment. With Loan Against Property from L&T Finance, you can benefit from competitive rates starting at 9.55% per annum*, along with flexible loan amounts and repayment options.
Here's a quick view of how Loan Against Property interest rates work across different loan ranges:
| Loan Amount Range | Interest Rate (per annum)* | Tenure Options* |
|---|---|---|
| ₹ 3 Lakh - ₹ 25 Lakh | Starting from 9.00%* | 3 Years to 10 Years* |
| ₹ 26 Lakh - ₹ 1 Crore | Starting from 9.00%* | 11 Years to 15 Years* |
| ₹ 1.1 Crore - ₹ 7 Crore | Starting from 9.00%* | 16 Years to 20 Years* |
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
Things to Consider Before Applying for a Mortgage Loan
Before you apply for a Mortgage Loan, it is important to plan well. Here are some key things to keep in mind:
- Check your financial readiness :
Review your credit score and debt-to-income ratio. A good score and a lower debt level improve your chances of getting better loan terms. - Set a clear budget :
Consider your income, expenses, and long-term goals. Include property-related costs like taxes, insurance, and registration fees to understand what you can afford. - Evaluate your options :
Compare fixed-rate and floating-rate loans to see which suits you better. Use a Loan Against Property calculator to check EMI and tenure* before applying. - Save and stay financially stable :
Build savings for down payment and extra costs. Avoid new debts or big financial changes during the loan process. - Understand the loan process :
Get all documents ready, such as ID proof, income proof, and property papers, to ensure a smooth and quick approval. - Get pre-approved :
Pre-approval gives you clarity on how much you can borrow and makes you a stronger candidate in front of sellers.
Loan Against Property
Loan Against Property
What is LAP - Full Form, Meaning & Benefits
Sep 16, 2024 | 4 mins read
Loan Against Property
Securing Your Loan Against Property in India: A Comprehensive Guide to the Necessary Documentation
Nov 14, 2024 | 4 mins read
Loan Against Property
12 Key Factors Influencing Loan Against Property Eligibility in India
Oct 24, 2024 | 4 mins read
Types of Mortgage Loan
L&T Finance offers different types of Mortgage Loans to meet varied financial needs. Here are the main options:
- Loan Against Property :
You can pledge your residential or commercial property to get funds for personal or business needs. The loan can be used for education, medical expenses, business expansion, or any other approved purpose. - Lease Rental Discounting (LRD) :
If you own a property that is rented out, you can use the rental income to secure a loan. The future rent receivables are discounted to provide you with upfront funds. - Balance Transfer with Top-Up :
Transfer your existing Mortgage Loan to L&T Finance to get better interest rates and flexible terms. You can also avail a Loan Against Property top-up loan for additional financial requirements.
