Here are a few factors

Rating 5 /
Total - 2 ratings
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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 
>
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
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

  • This loan can be taken against rented, vacant, and self-occupied residential properties.
  • The loan amount can be up to Rs. 10 crores.
  • Loan tenure can be up to 20 years.

Loan against commercial property

  • The owners of any commercial property can apply for this type of loan for their personal or business needs.
  • The loan amount can be up to Rs. 20 crores.
  • The loan tenure can be up to 10 years.

Features & benefits

  • Higher loan amounts from Rs. 3 Lakhs to Rs. 20 crores
  • Simple and efficient loan processing
  • Attractive and affordable interest rates
  • Doorstep and hassle-free loan service
  • Flexible loan tenures of up to 20 years
  • Minimal documentation required
Right Documents - Easy Process

Required Documents to Apply for L&T Financials Services Loan Against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
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
For Co-Applicant
  • 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
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required
Leave Your Question

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.