L&T Home Loan Interest Rates

Description of Charges Amount
Interest Rate 9.90% onwards
Tenure range Up to 30 years
Processing Charges Up to 2%, Minimum Rs. 4,999
Foreclosure Charges Nil for floating rate loans
Penal Charges 3% per month on installment overdue

Required Documents for L&T Home Loan

Below are the required documents for salaried, self employed, and businessmen:

  • Application form with signed photograph.

  • Age Proof: PAN Card/ School Leaving Certificate/ Driving License/ Passport/ Voter ID/ Birth Certificate/ College or School passing Certificate/ Employee ID ( only for Government or PSU Employees)/ SSC/HSC mark sheet/ SSC/HSC admit card.

  • Photo ID Proof: Passport/ PAN Card/ Letter from Existing banker/ Driving License/ Valid arms License issued by State or Central or Union Territory/ Valid Freedom fighter's Pass issued by Home Ministry of Government of India or by other Government.

  • Residential Proof: Passport/ Voter ID/ Driving License/ Electricity or Telephone or Mobile Bill(last 3 months)/ Account Statement/ Passbook/ Gas book/ employer certified residential address.

  • Salaried: Last 3 months salary slip, Company's offer letter, Form 16, Previous company's employment proof.

  • Self Employed: Last 2 years ITR and Computation of income, B/s along with schedules, P & L a/c, Form 26AS, 3CB if applicable.

  • Property Documents.

  • For salaried employee, bank statement for last 6 months. For self employed, 12 months income proof.

Eligibility Criteria for L&T Home Loan

  • Salaried, self employed, and businessmen are eligible to apply for a home loan.

  • Should be Indian residents.

  • Age should be 22 to 65 years but no more than 65 years when the loan matures.

  • The eligible loan amount is based on the applican't income, age, repayment capacity, properties, liabilities price of the proposed home or flat.

L&T Home Loan EMI Calculator

Home loan EMI depends upon loan amount, tenure and rate of interest. To calculate home loan EMI, use our EMI calculator.

Features of L&T Home Loan

  • High loan amount eligibility

  • Instant loan approval

  • Home loan ranging from Rs. 5 lakhs to Rs. 20 Crores

  • Top Up facility and Balance Transfer

  • Flexible and quick processing