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Discover the L&T Finance Loan Against Property Balance Transfer facility now available on Bajaj Markets
Starting Interest Rate
Max. Loan Amount
Max. Tenure
Transfer the balance of your existing loan against property with L&T Finance and enjoy lower interest rates starting from 9.65% p.a. This facility, now available on Bajaj Markets, enables you to repay the loan over extended repayment tenures ranging up to 20 years. You can further apply for a top-up loan and fulfil any additional financial requirements.
The interest rates and charges applicable to this balance transfer facility are listed below:
Interest Rate |
9.65% p.a. onwards |
Processing Fee |
Up to 1% of the loan amount + GST |
Part-prepayment Charges |
5% of the outstanding loan amount if the amount prepaid is over 25% of the outstanding amount in a financial year |
Foreclosure Charges |
|
*Disclaimer: The rates and charges mentioned above are subject to change at the lender’s discretion.
Save big with affordable interest rates starting at just 9.65% p.a.
Repay the loan over flexible tenures that can range up to 20 years
The digital documentation process allows you to avoid the hassles of paperwork
Secure a top-up loan and fulfil your additional requirements
Transfer the balance of your loan digitally with just a few clicks on Bajaj Markets
Make sure to meet the following criteria to be eligible for an L&T Finance Loan Against Property Balance Transfer:
You must have paid at least 12 EMIs of the loan you want to transfer
You must be between 23 and 62 years of age
Transfer of loans from only approved financial institutions is allowed
Only loans taken against residential properties will be eligible for a balance transfer
The Title document ownership should remain with you
You will also be required to furnish the following documents during the application process:
Customer Undertaking - To furnish original documents to L&T Finance within 20 days, from the date of disbursement
Letter of Authority - To authorise the new lender’s representative to collect the original mortgage release letter and title documents on your behalf from the previous lender
Follow these easy steps to apply for this loan against property balance transfer facility on Bajaj Markets:
Click on the ‘Apply Now’ option available on this page
Enter your personal and professional details
Select ‘L&T Finance’ from the list of lenders
Choose the required loan amount and preferred tenure
Click on ‘Submit’
After this, an executive will reach out to you for further proceedings.
You can enjoy interest rates starting as low as 9.65% p.a. with this balance transfer facility. However, the rate offered to you depends on your eligibility.
Yes. Along with transferring the balance of your existing loan against property, you can also get a top-up loan to meet any additional financial needs.
You will be required to pay a processing fee amounting to 1% of the outstanding balance amount + GST when you opt for this facility. Furthermore, you have to settle any pending penalties or charges with your previous lender for a smooth transfer process.
