L&T Finance Loan Against Property

About L&T Finance:

L&T Finance Limited was integrated as a Non-Banking Finance Company in the year 1994, and is a wholly owned subsidiary of L & T Finance Holdings Limited. It is promoted by Larsen and Toubro, a leading construction and infrastructure company in India.

L&T Finance Loan Against Property

Everyone, at some point or the other, needs that much-needed support in the form of a loan, credit card etc. Whenever the need crops up, you can cash in on the value of your real estate - commercial as well as residential – and unlock the value of your property asset. With a loan against property from L&T Finance, you can now source funds at attractive interest rates and flexible tenures. A loan against property from L&T Finance has various benefits like:

• Flexible documentation
• Instant approvals
• Competitive interest rates and terms & conditions
• Loan Against Property for personal and business expenses

L&T Finance Loan Against Features

• Loan tenure up to 15 years
• Funding available from as little as Rs. 3 lakhs to 7.5 crores
• Quick and transparent processing
• Attractive interest rates

L&T Finance Loan Against Property Eligibility

L&T Finance loan against property can be availed by salaried individuals, self-employed professionals, and businessmen. They should be able to show a stable source of income, and should be over 21 years old at the time of application of the loan.

L&T Finance Loan Against Property Interest Rate

L&T Finance offers attractive interest rates depending on a host of eligibility criteria which might include - but is not limited to - your credit score, borrowing history and other factors that reflect your financial capability and behavior. For the latest interest rates, it is advisable to contact L&T Finance directly.

L&T Finance Loan Against Property—Fees and charges

As part of the processing fees, you would be required to pay a login fee of Rs. 4,999 exclusive of services tax, which is nonrefundable. The actual loan processing fee could be up to 2 % plus service tax. For the full list of charges, you can visit the website.

L&T Finance Loan Against Property Documents

The documents that you need to submit are as follows:

For the Salaried

• Application form with passport size photographs
• PAN Card
• Identity Proof – Voter ID / Driving License / Passport (Any one can be submitted)
• Address Proof – Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement (Any one can be submitted)
• Last 3 months salary slip / latest Form 16 issued by the employer.
• Six months bank statement (where salary is credited)

For the Self-employed Professional

• Application form with Passport Size Photographs
• PAN Card
• Identity Proof – Voter ID / Driving License / Passport (Any one can be submitted)
• Address Proof – Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement (Any one can be submitted)
• Last six months bank statement
• Educational Qualifications Certificate and Proof of business existence
• Last 3 years Income Tax returns (self and business)
• Last 3 years Profit /Loss and Balance Sheet, duly attested by a CA

For the self-employed businessman

• Application form with Passport Size Photographs
• PAN Card
• Identity Proof – Voter ID / Driving License / Passport (Any one can be submitted)
• Address Proof – Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement (Any one can be submitted)
• Educational Qualifications Certificate and Proof of business existence
• Last 3 years Income Tax returns (self and business)
• Last 3 years Profit /Loss and Balance Sheet duly attested by a CA
• Last 6 months bank statements (self and business)

L&T Finance Loan Against Property Status Check

You need to keep your L&T Finance loan against property application reference number handy for future referencing. You can approach L&T Finance’s customer care while quoting the application number.

L&T Finance Loan Against Property FAQs

Who is eligible to apply for a loan?

Any salaried or self-employed Indian national who is credit worthy and has a suitable net worth and repayment capacity is eligible to apply for a loan against property from L&T Finance. He / she should be over 22 years of age at the commencement of the loan.

When can I apply for a loan against property?

If you are in urgent need of funds, for personal or business purposes, you can apply for an LAP instead of opting for a personal loan. The interest rates charged are competitive and the end use is flexible.

Is there a pre-payment option for L&T Finance LAP?

Yes. You can prepay the loan, subject to terms & conditions specified at the time of application of the loan.

What is the maximum loan amount that I can avail?

The maximum loan amount depends on the market value of the property as assessed by L&T Finance. It will specify the exact amount after approval and successful verification.

L&T Finance Loan Against Property Review

L&T Finance offers an array of finance products to suit every need and budget, and facilitates quick completion of the formalities once the loan is approved. It is a multi-purpose loan which you could use in times of financial crisis—for personal as well as business expenditure. Unlock the hidden value of your property by availing of a Loan Against Property.

How to Get Loan Against Property from L&T Finance

You can apply for L&T Finance Loan Against Property in the following ways:

• Offline: You can visit your nearest L&T Finance branch to discuss your eligibility and for details on your LAP. You can find the details of all the branches on their website. You can submit your completed application form along with the required documents when you visit the branch.
• Via Customer care: You can also call the customer care number at 1800 209 47 47 for help with the process.
• Need help? Alternatively, if you think you need advice on loan eligibility, choosing the most suitable offer, and help with your loan application and documentation, CreditMantri can guide you through the entire process and match you with the loan offer that best suits your profile.