About L & T Finance Home Loan

L&T Finance or L&T Finance Holdings Ltd is a BSE and NSE listed company which is essentially an Indian nonbanking financial company (NBFC). Its parent company Larsen & Toubro is a very well-known name in India, which is involved in all kinds of business spheres including information technology, engineering, construction, financial services and more. Being a highly versatile company, offering housing finance or home loans in a highly competitive market was only a natural next step for them.

L&T Finance has something called a ‘Home Loan Bouquet’ comprising of multiple types of home loans offers including L&T Finance home loan for house extension, L&T Finance home loan for house construction, L&T Finance home loan for house purchase and L&T Finance home loan for house improvement. Apart from that, you can also avail their balance transfer facility to transfer an already existing home loan to L&T Finance at an attractive interest rate. Below provided are more and updated details related to L&T Finance home loan eligibility criteria, features and the applicable charges.

Home Loan Eligibility Criteria for Salaried / Employed

In order to apply for and avail L&T Finance home loan, you must be an Indian resident above 23 years in age (maximum of 65 years at the time of loan maturity). In addition you must be a salaried individual or a self-employed professional / nonprofessional having a regular source of income. The actual eligible loan amount would depend on various factors including your repayment capacity, current liabilities, age, income, spouse’s income, number of dependents, qualification, income stability, current savings and cost of the proposed property. You can find updated details related to the exact L&T Finance home loan eligibility criteria for both salaried and self-employed individuals below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

L&T Finance Home Loan Features / Details

L&T Finance home loan can be availed for a repayment tenure of up to 30 years. The loan amount can range from ₹ 3 lakh to ₹ 10 crore depending upon your eligibility. The offered interest rates can be floating or fixed in nature and would be at par with the best in the industry. It might vary depending on multiple factors including your profile and the prevalent lending rates. You can avail home loan of up to 90% of the value of the proposed property. Other than that, you can also avail flexible repayment options such as a part repayment scheme and tranche-based EMIs. Please refer below for more and up-to-date details on L&T Finance home loan features.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

L&T Finance Home Loan Fees / Charges

L&T Finance home loan involves a fixed login fees of ₹ 4999 (excluding service tax) which is non-refundable in nature. This is apart from the processing fee which is 0.25% (plus service tax) for both salaried as well as self-employed people. However, please keep in mind that the processing fee can also vary depending upon the customer profile. Apart from the processing fee, various other charges might apply such as the bounce charges, foreclosure charges, prepayment charges, fee for copies of the documents, legal recovery charges, loan cancellation charges etc. Please find below the updated details related to all such L&T Finance home loan charges.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees