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A Micro Loan Against Property helps you unlock the value of your property. We provide Micro mortgage loans of up to ₹ 25 lakh* with competitive interest rate. You can choose a repayment period of up to 20 years. Our Micro LAP options ensure quick approvals and smooth disbursals, making it easy for you to access the funds you need.
EMI Calculator
Results generated by the calculator(s) are indicative in nature.
Preferred loan amount
₹
₹2,00,000
₹25,00,000
Interest rate (per annum)
%
14%
22%
Loan tenure (months)
24 months
240 months
Estimated EMI
per month- ₹ 36,690
Interest payable
₹52,41, 690
Eligibility & Documents
Eligibility
Age:
18 years and 65 years
Residency:
The applicant must be an Indian citizen residing in a rural area
Income Stability:
Must have a stable source of income
Property Ownership:
The applicant must own the property being mortgaged, and the property should have a clear legal title.
Documents
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
Address Proof
Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc
Income Proof
Any Valid income proof
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Micro LAP
L&T Finance made a huge difference for me & my farming business. I, along with 2 of my friends, got a micro loan with a quick & easy application process. The timely payments of my EMIs are manageable & my farming income has increased significantly. I'm truly grateful for L&T Finance's help!
Nirmala Dabi
Ratlam, Madhya Pradesh
Micro LAP
As an assistant professor with over 10 years of experience, I found L&T Finance's MLAP loan process easy, transparent, & with the lowest interest rates. Digital, minimal documentation process was quick, & the auto-debit EMI & PLANET app features make repayment and account access convenient.
Mr. Udhayakumar
Rajagambiram, Tamil Nadu
Micro LAP
I am engaged in farming and a small dairy business. When I explored financing options, the interest rates in the market were too high. With a quick home inspection and property mortgage, I secured a loan at a competitive interest rate. The process was straightforward, and funds were disbursed quickly.
Mr. Palraj
Chennai, Tamil Nadu
Micro LAP
L&T Finance provided swift support for our 20-year-old silk handloom business. Their executive guided us through a seamless process, quickly disbursing the loan after property verification. We're thankful for their efficient and reliable service that helps us meet our daily business needs.
Mrs. Kannaga
Chennai, Tamil Nadu
Micro LAP
L&T Finance has supported me as a farmer since 2014, helping me finance two tractors and essential equipment. With flexible, crop-based repayments and easy EMI tracking on the PLANET App, my life has been easy. L&T Finance truly empowers us to grow better and manage finances seamlessly.
Satish Hisar
Beri, Haryana
Farmer Loan
The L&T Finance officer came home and did all the application formalities online and instantly got approval for the loan. Our EMI is in accordance with our harvesting cycle. They gave us the best interest rate and fulfilled our financing requirements.
Mr. Balu Hari Pawar
Maharashtra
Farmer Loan
When I decided to buy a tractor, I spoke to the L&T Finance official. After all the documentation, I got approval of my loan with 2-3 days. I didn’t have to go anywhere and yet my loan got sanctioned.
Bherulal Chaudhary
Ratlam, MP
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
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
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