Loan Against Property
What is LAP - Full Form, Meaning & Benefits
Sep 16, 2024 | 4 mins read
Loan Against Property Top-up helps you celebrate professional or personal milestones with loan amount up to 7 Crore*. LAP Top Up can fulfil all your needs, whether it is for business expansion, debt consolidation, celebration or medical expenses. Enjoy flexible repayment option with long loan tenures of up to 20 years and interest rates starting at 9.55%* p.a. With quick sanction and hassle-free disbursal, you can focus on making your dreams a reality.
EMI Calculator
Results generated by the calculator(s) are indicative in nature.
Preferred loan amount
₹
₹ 3,00,000
₹ 7,00,00,000
Interest rate (per annum)
%
9.55%
13%
Loan tenure (months)
36 months
240 months
Estimated EMI
per month- ₹ 36,690
Interest payable
₹52,41, 690
Eligibility & Documents
Eligibility
Residency:
Indian resident or NRI
Age:
Salaried: 23 years to 70 years
Self-employed: 25 years to 70 years
Profession:
Salaried / self-employed professionals and non-professionals
Other:
Can be increased by adding co-applicant income or other verifiable income sources
Documents
Age Proof
Aadhaar Card | PAN Card | Passport
Address Proof
Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc
Photo ID Proof
PAN and any one of the following- Aadhaar Card| Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address
Income Proof
Income proofs vary for different professionals across salaried, non-salaried and self-employed. List of required income documents
Additional documents can be asked*
Seamless Loans, Simplified Experience
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Housing Loan
As a 2nd generation entrepreneur, expanding my PVD coating business was easy with L&T Finance. The process was fast, smooth, with minimal paperwork and the best interest rates. Thanks to PLANET, I can make part payments and withdrawals with ease. They've provided full funding for my growth.
Harsh Gosalia
Pune, Maharashtra
Housing Loan
Buying a home in Mumbai was always a dream of mine, and L&T Finance has made this dream come true. They offered competitive interest rate, quick approval with easy documentation. I would highly recommend L&T Finance to anyone looking for a reliable home loan provider.
Yadika Hussain
Mumbai
Business Loan
As a steel and aluminum trader, I needed constant capital post-COVID. L&T Finance's DLOD service impressed me with a seamless, fully digital process. Their executive guided me well, leading to a swift sanction. The competitive interest rate & round the clock transaction facility were game-changers for my business.
Jignesh Solanki
Mumbai
Housing Loan
L&T Finance made my homeownership and business growth easier! After taking a home loan with another bank, I needed additional funds to expand my business. L&T offered a quick response, pre-approval, & a streamlined process with minimal paperwork. Plus, I received lower interest rate & maximum funding!
Amol Hirawadekar
Mumbai
Housing Loan
Choosing L&T Finance for our home loan was seamless. The team was supportive, with transparent documentation, quick responses, and competitive rates. Their efficient process made our home-buying journey smooth, and the L&T Emerald’s location, amenities, and security make it the perfect choice for our family.
Amit Chaturvedi
Mumbai, Maharashtra
Micro LAP
We called and the L&T Finance representative came to our house. They quickly completed the formalities and gave us the money really fast so we could use it for our needs. Everything was done digitally. I am grateful to L&T Finance.
Mrs. Kanaga
Handloom Service
Personal Loan
I was aware of L&T Finance Consumer Loans, as I have already benefited from their services in the past. They had even clarified my doubts about T&C and loan process by calling me up at my convenient time. Because of such good support, I decided to take loan again from L&T Finance Personal Loans.
Chirag Mehta
Ahmedabad, Gujarat
SME
The special aspects of L&T Finance SME Loans are their faster turn around time, minimal documentation. I had a very good experience with L&T Finance SME Loans and I recommended it to a lot of my Doctor friends who have equally benefitted.
Dr. Hrishikesh Chevle
Pathologist, Alpine Diagnostics
Housing Loan
I was looking to buy a property and L&T finance Housing Loans stepped in forward to cater to all my demands, the ease of the documentation processes and their commitment to provide disbursement at the earliest. Whatever I asked, the team was there support at every step to get me through.
Mr. Sharad Pandey
Captain, Merchant Navy
Housing Loan
The process of applying L&T Finance Housing loans was a very easy and seamless process. And the credit goes to L&T Finance's entire Housing loan team. They have been extremely helpful & quick response. A very transparent process, the best of the market rates and quick disbursement.
Amit Chaturvedi
Powai, Mumbai
