L&T Housing Finance Loan Against Property Highlights | |
Interest Rates | 9.60% p.a. onwards |
Loan Amount | Up to Rs 20 crore |
Tenure | Up to 20 years |
Processing Fee | Up to 2% of loan amount |

Apply for Loan Against Property at Low Interest Rates Click Here
Table of Contents
L&T Housing Finance LAP Interest Rates
L&T Housing Finance LAP interest rates start from 9.60% p.a. onwards. The final interest rates offered to the applicants depend upon age, monthly income, job profile, employer’s profile, credit score, loan repayment history, etc.

Apply for Loan Against Property at Low Interest Rates Click Here
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
Name of the Lender | Interest Rate (% p.a.) |
State Bank of India | 10.35-11.05 |
Bank of Baroda | 10.55-16.20 |
PNB Housing Finance | 9.65-13.00 |
IDFC First Bank | 8.75-16.25 |
HDFC | 9.35-12.25 |
L&T Housing Finance | 9.60 onwards |
LIC Housing Finance | 9.10-12.25 |
Godrej Housing Finance | 9.75-14.50 |
ICICI Bank | 9.75-10.90 |
Tata Capital | 9.85 onwards |
Bajaj Housing Finance | 9.85-10.80 |
Axis Bank | 9.90-10.35 |
Kotak Mahindra Bank | 9.15 onwards |

Apply for Loan Against Property at Low Interest Rates Click Here
L&T Housing Finance LAP Fees and Charges
Processing Fee | Up to 2% of loan amount |
Bounce Charges | Rs 1,000 |
Foreclosure Charges | NIL |
Pre-payment Charges | NIL |
Loan Cancellation Charges | Rs 5,000 |
Interest Rate Conversion Charge | 0.5% of balance amount or min. Rs 10,000, whichever is higher |

Apply for Loan Against Property at Low Interest Rates Click Here
Types of L&T Housing Finance LAP
LAP on Residential Property
Purpose: Loan against self-occupied, rented and vacant residential property
Loan Amount: Rs 10 lakh-Rs 10 crore
Tenure: Up to 20 years
LAP on Commercial Property
Purpose: Loan to owners of commercial property for meeting their business and personal needs
Loan Amount: Rs 10 lakh-Rs 20 crore
LTV Ratio:
Commercial Properties | LTV |
Self-occupied | Up to 60% of market value |
Rented | Up to 50% of market value |
Tenure: Up to 10 years
LAP on Industrial Property
Purpose: LAP facility offered to self-employed non-professionals owning manufacturing facilities in major industrial zones

Apply for Loan Against Property at Low Interest Rates Click Here
Eligibility Criteria for L&T Housing Finance Loan Against Property
Salaried individuals and self-employed non professionals
Documents Required for L&T Housing Finance LAP
Photo ID Proof/Age Proof: Aadhaar card, PAN card
Address Proof: Driving license, passport, voter ID, Aadhaar card, utility bill, Registered Rent Agreement
Income Proof:
For Salaried:
- Salary account statement for 1 year
- Salary slips for last 3 months
For Self-employed Professionals/ Self-employed Non-Professionals:
- Latest ITR (personal and business) along with income computation
- Advance Tax Challans
- Bank account statement for past 1 year
- P&L account and balance sheet for last 2 years duly certified by CA
- Last 1 year bank account statement

Apply for Loan Against Property at Low Interest Rates Click Here