Topics
- All
- Agri-Implement Loan(FL)
- Balance Transfer
- Balance Transfer(LAP)
- Business Loan
- Charted Accountant Loan
- Doctor Loans
- Farm Loan
- General Insurance
- Health Insurance
- Home Decor Finance
- Home Loan
- Kisan Suvidha (Top Up)
- Kisan Suvidha Plus
- Life Insurance
- Loan Against Property
- Micro LAP
- New Tractor loan
- Personal Loan
- Pragati Loan
- Professional Loan
- Refinance Loan
- Rural Loan
- SME Loan
- Supply Chain Finance
- Top Up
- Top Up(LAP)
- Two Wheeler Loan
- Vikaas Loan
- Vishwas Loan
- Warehouse Receipt Finance(FarmLoan)
A Loan Against Property (LAP) is a secured loan where you pledge your property as collateral. You can borrow funds against the market value of your property for business or personal or need.
The maximum repayment period for a mortgage loan can go up to 20 years, depending on eligibility.
Eligibility parameters for Loan Against Property with L&T Finance include:
Salaried: Salaried employee of any public, private, or multinational organisation and age from 23 years to 62 years
Self-employed: Self-employed with a steady income from business and age: 25 years to 70 years
Total income and property value are also taken into consideration.
You can borrow between ₹30 lakh* to ₹7 crore*, depending on the value of the property and your eligibility criteria.
Yes, paying extra EMIs or making part-prepayments can help reduce the principal amount and interest burden, thereby shortening the loan tenure.
The processing fee for a Loan Against Property is up to 1% of the sanctioned amount plus applicable taxes.
No, standard EMI calculators do not account for partial prepayment impacts. Consult your lender for this calculation.
No, EMI calculators typically calculate EMIs assuming fixed loan interest rates.
Some advanced tools offer detailed amortisation schedules, breaking down your repayment timeline into interest and principal components.
Missed EMIs can result in penalties from lenders, affect your credit score, and incur additional interest on the unpaid amount.
