L&T Finance Loan Against Property Balance Transfer

Discover the L&T Finance Loan Against Property Balance Transfer facility now available on Bajaj Markets

Select Your Profession

Salaried Employee

Business Owner

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.

Interest Rates and Charges

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	4% of the outstanding amount if foreclosed within 12 months of the loan tenure 3% of the outstanding amount if foreclosed after completing 12 months of the loan tenure

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

Features and Benefits

Competitive Interest Rates

Save big with affordable interest rates starting at just 9.65% p.a.

Longer Tenure

Repay the loan over flexible tenures that can range up to 20 years

Easy Documentation

The digital documentation process allows you to avoid the hassles of paperwork

Top-up Loan

Secure a top-up loan and fulfil your additional requirements

Easy Online Transfer

Transfer the balance of your loan digitally with just a few clicks on Bajaj Markets

Eligibility Criteria and Documents Required

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
Irrevocable power of attorney (POA) - In favour of the empanelled lawyer of L&T Finance

How to Apply?

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.

What interest rate is offered by L&T Finance on the balance transfer of my loan against property?

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.

Does L&T Finance provide top-up loans along with these balance transfer facilities?

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.

What are the fees associated with L&T Finance home loan transfer?

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.