L&T Finance Home Loan

At L&T finance, getting home loans gives you extraordinary banking experience as it is backed by unmatched quality service and transparency. Favourable interest rates and proper understanding of the requirements helps the users to be updated as to how close they have reached for disbursement of loan. You can get easy approval of L&T home loans at Loanstreet.

Minimum Threshold for L&T Home Loan Eligibility
  1. At least 21 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application Of L&T Home Loan

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph.
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statement
  3. Cheque of Processing Fee.
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  • Partnership deed
  • Existing Loans’ Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Property Documents
  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement
L&T Home Loan Interest Rate
Rate of Interest 10.15% to 10.35%
Loan Tenure 1 year to 20 years
Processing Fees 0.5 % of the loan amount + tax as applicable
Partial Prepayment charges Nil
Pre closure charges Nil
L&T Home Loans- Why?

Unmatched quality service and high level of transparency right through the loan procedures and addressing the customers’ queries is the strength of L&T. It also offers a favourable rate of interest to the applicant making their dream a reality.

It has a magnificent array of services for the customers to fulfil the home loan requirements. The delivery model is not only robust but also in sync with the various financial policies facilitating customer satisfaction.

Benefits of Acquiring Home Loan from L&T

  • Availability of wide range of Home Loan products like Home Construction loan, Home Improvement loans, Home purchase loan and Plot Loans.
  • A strong service delivery model that ensures providing door step services facilitating prompt approval and disbursal of loans.
  • It also ensures an end to end post disbursement services to the applicant.
  • Components like transparency, ethics and integrity make it stand tall in eyes of its customers
  • Convenient repayment options cuts down the unnecessary time spent by the customer.
  • Well graded best in class information systems to provide accuracy and transparency in transactions.
Unique Features Of L&T Home Loans
  • The loan tenure can be upto 20 years
  • Funding is available from Rs 3 lakhs to Rs 10 Crores
  • Loan considerations comprise of Stamp duty and registration fees and the financial advisors guide the customers closely.
  • The robust delivery system facilitates efficient and quick processing of loans.
  • Attractive ROI
  • Nil Pre payment charges
  • Repayment is based on the product offering
  • Flexible repayment options involve Tranche Based EMI and Part Prepayment Scheme
  • Loan can be given up to 90% of the property value.