L&T Financial Services

L&T Financial Services

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range

Rate of Interest

  • Floating Rate of Interest : 9.90 % to 12.50 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 year to 15 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 1.50 %  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about L&T Financial Services

L&T finance was incorporated in November 1994. It is incorporated as a Non Banking finance Company. At L& T Finance, getting loan against property gives you extraordinary banking experience as it is backed by unmatched quality service and transparency. L&T finance offers a spectrum of financial products in the sphere of agriculture, industry and trade. L&T Mutual fund is a mutual fund company in India. The Company subsequently changed the name to L&T finance holdings limited. The company ws registered with the RBI under Section 45-IA of the Reserve bank of india Act.

Your Eligibility depends on following

You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans lower your eligibility
Pay off your credit card bills
Choose longer tenure loan up to 15 years

Rate of Interest and Other Charges for Loan Against Property are following

Rate of Interest:


Loan Type

Rate Of Interest


Loan Against Property(Floating)

9.90% to 12.50%

Existing Loan take over or New Loan

Here are Some points for this:

 Attractive and lower rate of interest
• Tranche based EMI and Part Prepayment Scheme as flexible repayment options available through bank
•  No Pre-payment Penalty
• Loan consideration includes registration fees and stamp duty
• Income based product offering (Gross Receipt Product, Gross Margin Product, Banking Based product etc)

Features of Loan

Features and Benefits of L&T financial services loan against property:

  • Loan tenure up to 20 years
  • Affordable and attractive interest rates
  • Funding available from Rs 10 lacs to Rs 10 crores 
  • Income based product offering
  • Loan available against self-occupied, rented and vacant residential property and commercial purchase & commercial LAP self-occupied
  • Quick and efficient processing

Documents required for L&T Financial Services Loan against Property

For Salaried Individuals:

  • Proof of Residence(any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voter’s ID Card
  • Proof Of Identity(any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver’s License
  3. employer’s Card
  • Bank Statement / Passbook of last 6 months
  • Salary slip of last 6 months.
  • Form 16 for previous 2 years.
  • Legal documents of the concerned property.

For Self-employed individuals

  • Certified financial statement of last 3 years.
  • Proof of Residence (any of the following documents will be accepted)
  1. Ration Card
  2. Telephone Bill
  3. Electricity Bill
  4. Voters Card
  • Proof of Identity (any of the following documents will be accepted)
  1. Voter’s Card
  2. Driver License
  3. Employer’s Card
  • Latest Bank Statement or Passbook
  • Copies of all property documents which you want to use as collateral.