L&T Finance Limited provides home loans with interest rates starting from 8.60% per annum onwards for loan amounts up to Rs 7.5 crore and tenures of up to 25 years. Their home loan schemes include New Home Loan, House Purchase Loan, Home Loan for Self-Construction, House Improvement Loan, House Extension Loan, Composite Loan, and Home Loan Balance Transfer (with a top-up facility) for existing home loan borrowers from other banks/HFCs at lower interest rates.
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L&T Finance Home Loan Highlights |
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|---|---|
| Interest Rate | 8.60% p.a. onwards |
| Processing Fees | Up to 3% of the loan amount |
| Tenure | Up to 25 years |
| Loan Amount | Up to Rs 7.5 crore |
Pre Approved Home loan | Check Eligibility & Apply Online
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
|---|---|---|---|---|
| SBI Bank | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. | Apply Now |
| HDFC Bank Limited | 8.40% p.a. onwards | 8.40% p.a. onwards | 8.40% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards | Apply Now |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.35% - 10.35% p.a. | 8.35% - 10.55% p.a. | 8.35% - 10.75% p.a. | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50% - 11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| Axis Bank | 8.70% - 13.30% p.a | 8.70% - 13.30% p.a | 8.70% - 9.10% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Also read: Best Home Loan in India
| Loan Type | Interest Rate(p.a.) |
|---|---|
| Home Loan Balance Transfer | 8.65% p.a. onwards |
| Home Loan for Self-employed | 8.75% p.a. onwards |
| Home Loan for Salaried | 8.60% p.a. onwards |
Purpose: L&T Finance provides regular home loans to finance various purposes such as constructing a new home, purchasing a home property, improving an existing dwelling unit, and extending an already existing home.
Loan Amount: Rs 20 lakh-Rs 7.5 crore
Tenure: Up to 25 years
LTV Ratio: Up to 90% of property value
Purpose: Existing home loan borrowers from other banks and housing finance companies (HFCs) have the option to transfer their existing home loans to L&T Finance through the Home Loan Transfer facility. By doing so, they can benefit from lower interest rates, thereby reducing their Equated Monthly Installments (EMIs) and overall interest costs.
Purpose: Consumers can access L&T Finance Composite Loans for purchasing a plot and subsequently constructing a home on it, provided that the construction commences within a specific timeframe.
Purpose: Individuals can avail Home Loan for Self-Construction from L&T Finance to raise funds for constructing a residential house on plots owned by them.
Purpose: L&T Finance provides a Home Loan Balance Transfer service along with a top-up facility for existing home loan borrowers from other lenders who wish to transfer their balance and avail additional funds.
Purpose: L&T Finance offers Home Purchase Loans to applicants for financing the purchase of both under-construction properties and ready-to-move-in houses.
Purpose: Individuals can avail House Extension Loans from L&T Finance to construct additional rooms or floors in their existing residential units.
Purpose: L&T Finance provides House Improvement Loans to applicants for renovating, repairing, and maintaining their existing homes.
Also Read : Best Home Loan EMI Calculator
| Particulars | Charges |
|---|---|
| Processing Fees | Up to 3% of loan amount |
| List of Documents | Rs. 300 |
| Penal Charges | 3% p.a. on instalment overdue |
| Check bounce charges | Rs. 1,000 |
| Foreclosure Charges | Nil on floating |
| Photocopies of Documents | Rs. 500 |
| Loan Cancellation Charges | Rs. 5000 + GST |
| Legal Recovery Charges | At Actuals |
| Interest Rate Conversion Charges | 0.5% of balance loan amount (+ GST) or min. Rs. 10,000 whichever is higher |
Also read: Best Home Loan Fees and Charges
L&T Finance considers the following eligibility criteria for home loan applicants:
Also Read : Best Home Loan Eligibility
Also Read : Best Home Loan Documents Required
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.