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Loan Against Property
L&T Finance Ltd. is one of India’s leading NBFCs, backed by the legacy of the Larsen & Toubro group. Head Office: Mumbai, Maharashtra.
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L&T Finance Loan Against Property (LAP) – Unlock Big Funds Without Selling Your Property
Need ₹25 lakh, ₹50 lakh or even ₹5 crore for business expansion, debt consolidation, medical emergency, or working capital?
With L&T Finance Loan Against Property, you can unlock the hidden value of your residential or commercial property — at lower interest rates than personal loans.
On PoketCare, you compare, calculate, and choose — 100% transparent. No confusion. No pressure.
👉 Check Loan Against Property Offers Now:
https://www.poketcare.com/loan-against-property
Types of L&T Finance Loan Against Property
L&T Finance offers multiple LAP solutions depending on your property type and purpose.
1️⃣ Residential Property Loan
Mortgage your self-occupied or rented house/flat.
2️⃣ Commercial Property Loan
Office, shop, showroom, warehouse can be pledged.
3️⃣ Site / Plot Mortgage
Selected non-agricultural plots accepted (location dependent).
4️⃣ Loan Against Rent Receivables (LRD)
Loan based on rental income from leased commercial property.
5️⃣ Loan Against Property Balance Transfer
Shift your existing LAP to L&T Finance for better interest rate & top-up.
PoketCare Pro Tip 💡
If you already have an LAP running at 11–13%, check balance transfer option. Even 1% lower rate can save lakhs over tenure.
L&T Finance Loan Against Property – Key Features
| Feature | Details |
|---|---|
| Interest Rate (Floating) | Starts approx. 9%–11% p.a.* |
| Maximum Loan Tenure | Up to 15–20 years |
| Loan-to-Value (LTV) | Up to 60–70% of property value |
| Minimum Loan Amount | ₹10 lakh approx. |
| Maximum Loan Amount | ₹5 crore+ (profile based) |
| Repayment Option | EMI / Structured repayment |
| Prepayment | Allowed (charges applicable) |
*Final rate depends on CIBIL score, income, property profile & risk assessment.
PoketCare Pro Tip 💡
Keep your CIBIL score above 750 to negotiate better floating rates and faster approval.
Insurance Recommendation for LAP Borrowers 🛡️
Taking a high-value secured loan? Protect your family & property.
Recommended Insurance Options:
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L&T Finance Loan Protection Plan
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ICICI Lombard Loan Protect Insurance
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HDFC Life Loan Cover Term Plan
Why insurance matters:
If something happens to borrower, insurance clears outstanding loan — property stays safe with family.
PoketCare Pro Tip 💡
Single premium loan protection insurance is better than annual renewal for long tenure loans.
Who Should Apply?
Eligible Applicants 👇
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Salaried individuals (private & government employees)
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Self-employed professionals (CA, Doctor, Architect etc.)
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Business owners / MSMEs
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Partnership firms / LLPs / Pvt Ltd companies
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Property owners earning rental income
Co-Applicant Can Be
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Spouse
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Business partner
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Co-property owner
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Parent / Son (case dependent)
Eligibility Criteria – Income & Other Factors
| Criteria | Requirement |
|---|---|
| Minimum Fixed Income (Salaried) | ₹25,000–₹35,000/month (city dependent) |
| Business Income | Stable ITR income required |
| Age | 23–65 years |
| CIBIL Score | Preferably 700+ |
| Property Type | Clear title & approved property |
Other Income Considered to Increase Eligibility:
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Rental income
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Business profits
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Turnover & bank credits
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Co-applicant income
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Future rent (LRD cases)
PoketCare Pro Tip 💡
If your salary alone is not enough, add rental income + spouse income to increase loan eligibility significantly.
Documents Checklist – Faster Approval 📂
For Salaried Applicants
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PAN Card & Aadhaar
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Last 3–6 months salary slips
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Last 6 months bank statements
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Form 16 / ITR (if applicable)
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Employment ID card
For Self-Employed Applicants
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PAN & Aadhaar
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Business registration proof
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Last 2–3 years ITR with computation
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GST returns (if applicable)
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12 months bank statements
Property Documents
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Sale deed
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Chain documents
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Approved building plan
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Property tax receipt
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Occupancy certificate (if applicable)
PoketCare Pro Tip 💡
Keep scanned property documents ready before applying. Legal verification time reduces drastically.
All Charges – Before & After Disbursement
Pre-Disbursement Charges
| Charge Type | Details |
|---|---|
| Processing Fee | 0.5%–2% of loan amount |
| Legal Verification Fee | As per property |
| Technical Valuation Fee | Based on property size |
| Login / Application Fee | Case based |
Post-Disbursement Charges
| Charge Type | Details |
|---|---|
| Prepayment Charges | Applicable (check loan agreement) |
| Foreclosure Charges | Applicable |
| Penal Interest | On EMI delay |
| Cheque Bounce Charges | Applicable |
| Statement Charges | Nominal |
PoketCare Pro Tip 💡
Always calculate total cost of loan — not just interest rate. Processing + legal + valuation impacts overall cost.
Benefits of L&T Finance Loan Against Property
🏠 Keep Ownership – Property remains yours
📉 Lower Interest Than Personal Loan – Big savings
💼 High Loan Amount – Up to crores
⏳ Long Tenure – Manageable EMI
🔄 Balance Transfer Option – Reduce burden
📈 Business Growth Funding – Use funds freely
Conclusion – Unlock Your Property’s True Power Today
Why let your property sit idle when it can fund your business expansion, debt consolidation, or big life goals?
L&T Finance Loan Against Property gives structured, secured, and large funding — at competitive floating interest rates.
Compare smartly. Decide confidently. Apply digitally.