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
Yes, it's possible to get your bike financed even as a student if you meet the specific eligibility criteria set by the lenders.
The best loan for financing your bike or scooter is the one with the lowest interest rate. This way, you'll have to pay less in monthly installments (EMIs) throughout your loan term.
To get financing for your motorcycle, bike, or scooter, you can easily apply for the loan online from home. Or, if you prefer, you can go directly to a bike shop and apply for the loan there by giving them the documents they need
You can check your loan status online through internet banking. Another option is to visit the closest branch of the bank or financial institution that's providing the loan.
Many lenders consider a credit score of 620 and above to be good when giving out loans for motorcycles, superbikes, or scooters. However, if your credit score is lower than 620, you can still find lenders who may be willing to give you a loan, although they might charge a higher interest rate.
Banks allow you to make prepayments after successfully paying 3-6 EMIs. Depending on the number of EMIs you've already paid, there might be a small fee applicable on the outstanding amount when you choose to prepay.