Overview
L&T Housing Finance
L&T Finance offers competitive and flexible home loan solutions tailored to meet diverse housing needs. With interest rates starting at 8.65% p.a., customers can access loans of up to ₹10 crore with a maximum tenure of 25 years. Whether you’re looking to purchase a new home, construct your dream house, or renovate and extend an existing property, L&T Finance provides customizable financing options.
Rate of Interest
8.65%- 11.00%
Loan to Value
80% - 90%
Loan Tenure
Max 25 years.
Max Loan Amount
Upto 10 Cr
| Rate of Interest | 8.65%- 11.00% |
| Loan Tenure | Max 25 years. |
| Age | Salaried/ Self Employed :23 - 62 years |
| Profession | Salaried/Self Employed |
| Income | Metro Cities : 20,000/Month & Above Other Cities : 15,000/Month & Above |
| Nationality | Resident Indian/ NRI |
| Max Loan Amount | Upto 10 Cr |
| Plot Purchase | |
| Independent Building | |
| Apartment | |
| Resale Property | |
| New Construction | |
| LTV | 80% - 90% |
| Home Loan | |
| Plot Cum Construction Loan | |
| Balance Transfer | |
| Overdraft Facility | NO |
| Top Up Facility | |
| Other Offerings | Loan Against Property, Loan for Non-Residential Property |
| Processing Fees | Up to 3% of sanctioned amount |
| Other Charges | Login Fee: Up to ₹ 5000 |
| Overdraft Facilities | - |
| Highlights | • Digitized Process • Dedicated Relationship Manager • Lowest Down Payment • Flexibility Tailored for You. • Easy top up loans in future. |
*Disclaimer: The interest rate, maximum tenure, and other charges are subject to change, it's advisable to check with our experts for the latest information.
| Loan Amount | ₹ 50,00,000 |
| Loan Tenure | 20 years |
| Rate of Interest | 8.65%- 11.00% |
| Monthly EMI | ₹ 43,867 - ₹ NaN |
Designed to make homeownership affordable and stress-free, L&T Finance stands out as a reliable partner for fulfilling your housing aspirations.
Eligibility Criteria for L&T Finance Home Loan
| Criteria | Salaried | Non- Salaried |
|---|---|---|
| Age Range | 23 to 62 years | 23 to 62 years |
| Nationality | Indian NRIs | Indian NRIs |
| Minumim Income | Metro Cities : 20,000/Month & Above Other Cities : 15,000/Month & Above | Metro Cities : 20,000/Month & Above Other Cities : 15,000/Month & Above |
Calculate your home loan eligibility and unlock exclusive offers for you!
L&T Finance Home Loan Interest Rates
Standard Home Loan Rates
| Salaried ROI | Self Employed ROI |
|---|---|
| 8.65% p.a onwards | 8.75% p.a onwards |
Get the best Home Loan interest rates tailored for you
If you’re looking to choose the right home loan perfectly made according to your needs, then book a call with our experts here.
L&T Finance Home Loan Processing Fee and Charges
Processing Charges
| Charge Type | Amount |
|---|---|
| Processing Fees | Up to 3% of sanctioned amount |
| Penal Charge/Late Payment Charge (LPC) | 2% per month (p.m.) on overdue EMI |
| Duplicate NOC Charges | ₹ 250/- |
L&T Finance Home Loan Documents
Identity Documents
| Doc Name | Salaried | Self Employed |
|---|---|---|
| PAN | ✔ | ✔ |
| Voter ID | ✔ | ✔ |
| Passport | ✔ | ✔ |
| Driving Licence | ✔ | ✔ |
| Aadhar Card | ✔ | ✔ |
Proof Of Income
| Doc Name | Salaried | Self Employed |
|---|---|---|
| Form 16/ITR | ✔ | ✔ |
| 1 year bank statement of salary account | ✔ | ✔ |
| Latest 3 months salary slip | ✔ | ✖ |
| Latest 2 years audited / C.A. certified profit & loss accounts and balance sheets of the firm / company | ✖ | ✔ |
L&T Finance Home Loan Schemes and Top Plans
Comparison
| Feature | Home Loan | Home Loan Balance Transfer | Loan Against property |
|---|---|---|---|
| Minimum Loan Amount | 20 lakhs | 20 lakhs | 25 lakhs |
| Maximum Loan Amount | 10 crore | 10 crore | 7.5 crore |
| Interest Rate | 8.65%p.a onwards. | 8.65%p.a onwards. | 9.60% p.a onwards. |
| Tenure | up to 25 years | up to 25 years | up to 15years |
| Eligible Applicants | salaried or self-employed | salaried or self-employed | salaried or self-employed |
Details
Standard Home Loan
- Minimum Loan Amount: ₹20 lakhs*
- Maximum Loan Amount: up to ₹10 crores
- Interest Rate: 8.65% p.a. onwards
- Tenure: Up to 25 years
- Eligible Applicants: Both salaried and self-employed
Home Loan Balance Transfer
- Minimum Loan Amount: ₹25 lakhs*
- Maximum Loan Amount: up to ₹7.5 crores
- Interest Rate: 9.60% p.a. onwards
- Tenure: Up to 25 years
- Eligible Applicants: Both salaried and self-employed
Loan Against Property
- Minimum Loan Amount: ₹20 lakhs*
- Maximum Loan Amount: up to ₹10 crores
- Interest Rate: 8.65% p.a. onwards
- Tenure: Up to 15 years
- Eligible Applicants: Both salaried and self-employed
How to Apply
Applying for L&T Finance Home Loan is a straightforward process:
1. Check Eligibility:
Verify that you meet the eligibility criteria for your selected loan product.
2. Collect Documents:
Gather all the required documents.
3. Visit a Local Branch:
Visit your nearest L&T Finance bank branch and fill out the application form.
4. Submit Documents:
Submit your application along with the required documents.
5. Application Review:
The bank will review your application and documents.
6. Loan Approval:
Upon approval, your loan will be sanctioned, and you can start your homeownership journey.
Do not want to get into this hassle? Get L&T’s Finance best rates in a single call.
Customer Care Details: L&T Finance
L&T Finance offers comprehensive customer care services to address the queries and concerns of its customers efficiently.
| Contact | Contact Details |
|---|---|
| L&T Finance Bank Head Office | L&T Finance Limited (formerly known as L&T Finance Holdings Limited) 6th Floor, Brindavan, Plot No. 177, C.S.T Road, Kalina, Santacruz (East) Mumbai – 400 098, Maharashtra, India |
| Toll Free Number (24 *7) | 1800-268-0000 |
| Email ID | customercare@ltfs.com |
Comparison
For detailed comparison between top banks you can visit our compare banks page.
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| LIC Bank | 8.50% – 10.35% p.a. | 8.50% – 10.55% p.a. | 8.50% – 10.75% p.a. |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. |
| Bank Of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
L&T Finance Limited offers home loans with interest rates starting at 8.65% p.a. Furthermore, it provides loan amounts of up to ₹10 crore, along with flexible repayment tenures of up to 25 years.
L&T Finance Ltd. has been granted NBFC-ICC status by the RBI. Following the merger of its subsidiaries, the company transitioned from an NBFC-Core Investment Company (NBFC-CIC) to a Non-Banking Financial Company (Investment and Credit Company) (NBFC-ICC) as of August 2.
L&T Finance Holdings Ltd (LTFH), a subsidiary of Larsen & Toubro Limited, is a non-banking financial company (NBFC) that, while not accepting deposits, offers a range of lending and wealth management solutions.
The company has been renamed from L&T Capital Holdings Ltd. to L&T Finance Holdings Ltd. Additionally, L&T Finance Holdings has acquired Family Credit Ltd., an auto finance company.