L&T Housing Finance Loan Against Property starting from 9.55% per annum. Residential properties (self-occupied, rented, or vacant) and commercial assets like warehouses, nursing homes, banquet halls, farmhouses, and guest houses are eligible to be used as collateral.. At CreditCares, we also provide expert LAP solutions by working closely with leading banks and NBFCs, ensuring clients get the best loan offers, transparent processes, and end-to-end support.
L&T Finance Loan Against Property Highlights
| Feature | Details |
|---|---|
| Interest Rates | 9.55% p.a. onwards |
| Loan Amount | ₹10 lakh – ₹10 crore (Commercial Property) ₹25 lakh – ₹7.5 crore (Residential Property) |
| Tenure | Up to 18 years (Commercial Property) Up to 15 years (Residential Property) |
| Processing Fee | Up to 2% of the loan amount |
| Note | Rates as of 25 August 2025 |
L&T Finance LAP Interest Rates
L&T Housing Finance Loan Against Property starting at 9.55% p.a. onwards. While exact rates may vary, lenders usually consider factors like credit score, property type, and loan tenure. Through CreditCares, borrowers can compare offers and secure the best interest rates tailored to their profile.
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
L&T Housing Finance Loan Against Property starts at 9.55% p.a. onwards, offering loan amounts up to ₹10 crore with flexible tenure. Through CreditCares, you can also explore and compare top banks and NBFCs to find the right deal.
| Name of the Lender | Interest Rate (% p.a.) | Apply Now |
|---|---|---|
| L&T Housing Finance | 9.55 onwards | Apply Now |
| State Bank of India | 9.20 – 10.50 | Apply Now |
| Bank of Baroda | 10.85 – 18.35 | Apply Now |
| PNB Housing Finance | 9.25 – 15.00 | Apply Now |
| IDFC First Bank | 9.00 – 16.50 | Apply Now |
| HDFC Bank Limited | 9.50 – 11.00 | Apply Now |
| LIC Housing Finance | 9.50 – 11.55 | Apply Now |
| Godrej Housing Finance | 9.75 onwards | Apply Now |
| ICICI Bank | 10.85 – 12.50 | Apply Now |
| Tata Capital | 9.00 onwards | Apply Now |
| Axis Bank | 10.50 – 10.95 | Apply Now |
| Punjab National Bank | 10.15 – 14.00 | Apply Now |
📌 With CreditCares, you don’t just compare rates—you also get professional guidance and end-to-end assistance in securing the best Loan Against Property.
L&T Finance LAP Fees and Charges
| Particulars | Charges |
|---|---|
| Processing Fee | Up to 2% of loan amount |
| Bounce Charges | ₹1,000 |
| Foreclosure Charges | NIL |
| Pre-payment Charges | NIL |
| Loan Cancellation Charges | ₹5,000 |
| Interest Rate Conversion Charge | 0.5% of balance amount or minimum ₹10,000 (whichever is higher) |
Apply for an L&T Housing Finance Loan Against Property with full fee transparency through CreditCares.
Types of L&T Finance Loan Against Property
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LAP on Residential Property
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Purpose: Availing a loan against residential property, whether self-occupied, rented, or vacant.
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Loan Amount: ₹25 lakh – ₹7.5 crore
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Tenure: Up to 15 years
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LAP on Commercial Property
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Purpose:Loan offered to commercial property owners for fulfilling both business and personal financial requirements.
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Loan Amount: ₹10 lakh – ₹10 crore
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Tenure: Up to 18 years
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📌 For detailed assistance and application guidance, explore CreditCares – Business Loan Against Property.
Eligibility Criteria for L&T Finance Loan Against Property
LAP on Residential Property
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Salaried Individuals
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Must be an Indian resident
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Age: Minimum 23 years at the time of application and up to 62 years at the time of loan maturity.
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Should be employed with a public, private, or multinational organization
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Self-employed (Non-Professionals)
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Must be an Indian resident
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Age: 25 years (min) at application, 70 years (max) at loan maturity
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Employment: Applicant must be working with a public sector, private sector, or multinational organization.
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LAP on Commercial Property
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Self-employed Professionals (eligible categories):
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Doctors
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Chartered Accountants
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Company Secretaries
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Consultants
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Architects
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Lawyers
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Self-employed (Non-Professionals)
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Age: Minimum 25 years at the time of application and up to 70 years at the time of loan maturity.
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Must provide proof of stable income
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Eligible occupations: Traders, Commission Agents, Contractors
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In addition to the above eligibility criteria, L&T Housing Finance may also evaluate factors such as credit score, monthly income, occupation profile, and EMI/NMI ratio while determining Loan Against Property eligibility, similar to other leading lenders.
Required Documents for L&T Housing Finance Loan Against Property
For Salaried Individuals:
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Recent salary slips
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Bank account statement (last 3 months)
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Identity proof (Aadhar, Passport, Voter ID, etc.)
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Address proof
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PAN card / Form 60
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Income Tax Returns
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Property documents to be mortgaged
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Title documents
For Self-employed Professionals (Doctors, CAs, Architects, Lawyers, etc.):
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Identity proof
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Address proof
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PAN card / Form 60
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Bank account statement (last 6 months)
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Title documents of the property
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Income Tax Returns or audited financial statements
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Property documents to be mortgaged
For Self-employed Non-Professionals (Traders, Contractors, Commission Agents, etc.):
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PAN card
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Aadhaar card
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Title documents of the property
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Property documents to be mortgaged
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Income proof (financial statements & Income Tax Returns)
Application Process for L&T Housing Finance Loan Against Property
Applying for an L&T Housing Finance Loan Against Property is a simple and streamlined process. Follow these steps:
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Step 1: Check Eligibility – Ensure you meet the age, income, and property criteria set by L&T Finance.
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Step 2: Gather Documents – Collect all required KYC, income, and property documents in advance.
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Step 3: Submit Application – Apply online through the official L&T Finance website or visit the nearest branch.
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Step 4: Verification & Approval – The lender will verify your documents, evaluate property value, and check your credit profile.
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Step 5: Loan Disbursement – Upon approval, the sanctioned loan amount is disbursed directly to your bank account.
Pro Tip: Instead of navigating the process alone, you can connect with us at CreditCares. We work directly with top banks and NBFCs, including L&T Housing Finance, to help you apply smoothly, reduce processing time, and negotiate the best deals on your Loan Against Property.
Q1. What is the current L&T Housing Finance Loan Against Property interest rate?
Ans. L&T Housing Finance provides Loan Against Property interest rates beginning at 9.55% p.a. onwards. The exact rate depends on factors such as loan amount, tenure, and borrower profile. You can check and compare rates using our Loan Against Property EMI Calculator.
Q2. What is the maximum loan amount I can avail through L&T Housing Finance Loan Against Property?
Ans. You can get up to ₹7.5 crore against residential property and up to ₹10 crore against commercial property.
Q3. What is the eligibility criteria for L&T Housing Finance Loan Against Property?
Ans. Eligibility depends on your income, age, property type, and credit score. Salaried individuals, self-employed professionals, and non-professionals can apply if they meet the age and income requirements outlined by L&T Finance.
Q4. What documents are required for L&T Housing Finance Loan Against Property?
Ans. Applicants need to submit KYC documents, income proof, bank statements, property papers, and ITR/financials depending on their profile (salaried or self-employed).
Q5. Can I prepay or foreclose my L&T Housing Finance Loan Against Property?
Ans. Yes , L&T Housing Finance allows NIL prepayment and foreclosure charges, making it flexible for borrowers to close the loan early without penalty.
Q6. How can I apply for L&T Housing Finance Loan Against Property?
Ans. You can apply either online via the official L&T Finance website or offline by visiting their nearest branch. Alternatively, reach out to CreditCares, and we’ll assist you in applying, fast-track your approval, and help you get the best possible deal.
Conclusion
L&T Housing Finance Loan Against Property is a smart way to unlock the true potential of your property without selling it. With competitive interest rates starting at 9.55% p.a., flexible loan amounts up to ₹10 crore, and borrower-friendly features like zero foreclosure charges, it stands out as one of the most reliable LAP options in India. Whether you need funds for business expansion, personal needs, or debt consolidation, L&T Housing Finance provides tailor-made solutions to meet your financial goals.
At the same time, understanding eligibility, documentation, and repayment terms is crucial before applying. This is where expert guidance can save you time and ensure smooth approval.
Pro Tip: Rather than handling the loan process by yourself, seek professional assistance to improve your approval odds and obtain the best possible terms.
Apply with CreditCares
Looking to apply for an L&T Housing Finance Loan Against Property?
Contact CreditCares today, and our team will:
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Guide you through the eligibility check
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Help you with documentation
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Fast-track your application & approval process
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Make sure you secure the most advantageous deal with L&T Finance.
Contact Us Now — Let us help you unlock the best value from your property, hassle-free!
