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l&t financials loan against property
L&T Finance Holdings (LTFH) is a leading, well-diversified NBFC with a focused range of financial products and services across rural, housing, and infrastructure finance along with mutual funds
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l&t financials loan against property
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l&t financials loan against propertyHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 650+ |
| Applicant | Salaried or Self Employed Anyone |
| Applicant Age | Salaried 23 Year to 60 Year Self Employed 23 Year to 70Year |
| Loan Amount & Tenure | (i)
Loan Amount 30 Lac to 3 Cr (ii) Tenure: (a) Salaried:5 Year to 30 Year (b) Self Employed: 5 Year to 25 Year |
| Login Fees | 5900 |
| Rate of Interest & Type | (i)
Salaried: 9.50% to 11.50% (ii) Self Employed: 9.60% to 11.50% (Reducing) |
| TAT | 7 Days |
| Processing Fees | Upto 1%+GST |
| Foreclosure Charges | Insurance Charges:0%-4% |
| Insurance | As per Age of Applicant |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 12 Month |
| Part Payment Allowed | No |
| LTV | (i) Residential-90% (ii) Commercial-90% (iii) Industrial-70% (iv) Plot-70% |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Seller BT+Topup |
| Program | (i) Banking Program-2 Cr (ii) GST Program-2 Cr (iii) BT+Topup-3Cr (iv) Income Program:3 Cr |
| FOIR | (i)
Salaried: <50K- 60%,>50K<75K-65% FOIR, >75K<=1 Lac-70% FOIR
>1 Lac<=1.50 Lac-75% FOIR, >1.50 Lac-80% FOIR (ii)Self Employed: 100% FOIR |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i) Politician (ii) Cash Salary Applicant |
| Funded Property | (i) Residential Property (ii) Commercial Property (iii) Industrial Property (iv) Plot |
| Negative Property | (i)
School (ii) Hospital (iii) Hotel (iv) Unapproved Plot (iv) Lease hold
Property without PTM (iv)Stand Alone Basement (v) Auction Property (vi) Demolition List Property (vii) Lal Dora Property (viii) sub-divided property (ix) Khasra & Khatauni Property (x) Subject to Sale Deed Property (xi) GPA Property (xii) Gift Deed Property (xiii) Single Sale Deed Property (xiv) Banquet Hall (xv)Without MAP Property (xvi) Unapproved Freehold Property (xvii) Unapproved 3rd Floor & above (xviii) Legal & Technical not clear (xix) Stone Slab Property (xx) Farm House |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | No |
| Any Specific Product for Professionals | Funding
upto without Financial (i) MBBS/MD/BDS Doctors-2.5 times of Gross Receipt (ii) CA-2.5 times of Gross Receipt (iii) CS-1.25 times of Gross Receipt |
| USP | Without Financial upto 2 Cr |
l&t financials loan against property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 9 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,745 |
| Total Interest | ₹ 4,942 |
| Loan Amount + Interest | ₹ 104,942 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,165 | ₹ 2,070 | ₹ 26,235 | ₹ 75,835 | 24.16 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,832 | ₹ 2,873 | ₹ 78,705 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Key highlights
When in emergency circumstances, you are looking for a considerable amount of money, and you cannot get personal loans for the same. Then loan against property is the first thought that comes to your mind. A loan against property is a loan that anyone can take by keeping either their residential or commercial property as collateral with the bank. So let it be any emergency; L&T Financial Services Loan Against Property is the one-stop solution for you. Below are some essential details about L&T Financial Services Loan Against Property that you should know about.y.
Types of L&T Financial Services Loan Against Property
Loan against residential property
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This loan can be taken against rented, vacant, and self-occupied residential properties.
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The loan amount can be up to Rs. 10 crores.
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Loan tenure can be up to 20 years.
Loan against commercial property
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The owners of any commercial property can apply for this type of loan for their personal or business needs.
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The loan amount can be up to Rs. 20 crores.
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The loan tenure can be up to 10 years.
Features & benefits
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Higher loan amounts from Rs. 3 Lakhs to Rs. 20 crores
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Simple and efficient loan processing
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Attractive and affordable interest rates
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Doorstep and hassle-free loan service
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Flexible loan tenures of up to 20 years
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Minimal documentation required
Required Documents to Apply for L&T Financials Services Loan Against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
FREQUENTLY ASKED QUESTIONS
The EMI calculation formula being used is: EMI = [P*R (1+R) *N] / [(1+R) N-1]
You can get a loan against a plot by submitting the proper required documents.
No, the interest rates of L&T Financial Services are floating rates.
Your Spouse or your immediate family members can be the co-applicants in your loan.
The LTV can be up to 60% of the property's market value for self-occupied commercial properties. For the rented commercial property, the LTV can be up to 50% of the property's market value.
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