L&T Finance Loan Against Property

Know more about loans against property offered by L&T Finance on Bajaj Markets

Select Your Profession

Salaried Employee

Business Owner

✓ Loan Against Property Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 9.24% Apply Now

Borrow high amounts of up to ₹7.5 Crores with an L&T Finance Loan Against Property on Bajaj Markets and fulfill all your financial requirements. Benefit from lower EMIs with affordable interest rates starting from 9.60% p.a. You can repay the loan over flexible repayment tenures ranging up to 15 years. Post-approval, the loan amount is credited to your account in just 72 hours.

Interest Rates and Charges

The L&T Finance Loan Against Property interest rates and charges are as listed below:

Interest Rate	9.60% p.a. onwards
Processing Fee	Up to 3% of the loan amount + GST
Foreclosure Charges	1. For Floating Rate Loans where end use is for business/commercial purpose Within 12 months of loan disbursal – Up to 3% of principal outstanding + GST After 1 year of disbursement – Up to 2% on principal outstanding + GST 2. For Fixed Rate Loans Within 12 months of loan disbursement – Up to 4% principal outstanding + GST After 1 year of disbursement – Up to 3% on principal outstanding + GST 3. For Non-Individual Borrowers (Fixed & Floating) - Within 12 months of loan disbursement – Up to 4% principal outstanding + GST After 1 year of disbursement – Up to 3% on principal outstanding + GST
Part-Prepayment Charges	1. For Floating Rate Loans where end use is for business/commercial purpose Within 12 months from disbursement – Up to 3% of prepayment amount + GST After 1 year of disbursement – Up to 2% of prepayment amount + GST 2. For Fixed Rate Loans Within 12 months from disbursement – Up to 4% of prepayment amount + GST After 1 year of disbursement – Up to 3% of prepayment amount + GST 3. For Non-Individual Borrowers (Fixed & Floating) Within 12 months from disbursement – Up to 4% of prepayment amount + GST After 1 year of disbursement – Up to 3% of prepayment amount + GST
Late Payment Fees	3% of the overdue EMI amount per month

*Disclaimer: The aforementioned interest rates and charges are subject to change at the lender’s discretion.

Features and Benefits

High Loan Amount

Borrow loan amounts ranging between ₹25 Lakhs and ₹7.5 Crores

Rapid Disbursal

The approved amount is disbursed to your account in just 72 hours

Low Interest Rates

Enjoy affordable interest rates starting from 9.60% p.a.

Maximum Tenure

Enjoy flexible repayment tenures ranging up to 15 years

Easy Repayment

Repay your loan easily with part pre-payment facilities and tranche-based EMI payments

Eligibility Criteria and Documents Required

Fulfil the L&T Finance Loan Against Property eligibility criteria to ensure a seamless borrowing journey:

As a salaried applicant, you should fall under the age bracket of 23 to 62 years and be employed in any private, public, or multi-national organisation
As a self-employed applicant, you should fall under the age bracket of 25 to 70 years and generate a steady income from your business

You should be a resident of India

Also, make sure that you keep the following documents handy:

Identity proof: PAN card and Aadhaar card

Address proof: Any one of the following

Passport
Voter ID
Utility bill
Driving licence
Registered rent agreement, etc.

PAN card or Form 60
Document of the property to be mortgaged
Title documents

Income proof:

For salaried individuals: Latest salary slips, bank account statements of the last 3 months, ITR filings
For self-employed individuals: Bank account statements of the last 12 months, ITR filings of the last 2 years, Audited and CA-certified P&L statements and balance sheets of the company of the last 2 years
For self-employed professionals: ITR filings, financial statements of the business, bank account statements of the last 6 months

How to Apply?

Here is how you can apply for this loan against property on Bajaj Markets

Click on the ‘Apply Now’ option on this page
Provide your personal and professional information
Select ‘L&T Finance’ from the list of lenders
Enter the required loan amount and preferred tenure
Submit the application form
Following this, an executive will contact you to further process your application.

How much can I borrow through an L&T Finance Loan Against Property?

You can secure an amount ranging between ₹25 Lakhs and ₹7.5 Crores through this loan against property offered by L&T Finance.

What is the interest rate charged on these loans by L&T Finance?

Interest rates starting from just 9.60% p.a. are charged on these loans against property. However, the rate offered to you will be decided on the basis of your eligibility.