Interest Rates of L&T Mortgage Loan

Description Charges
Interest Rate 12.50% per annum
Tenure Range 1 - 15 years
Loan Amount Rs. 3 lakhs to 7.5 crores
Processing fee Up to 2% of the loan amount + login fee + GST
Foreclosure Charges 2% to 3%
Partial Pre Payment Charges 3% to 4%

Documentation Required for L&T Mortgage Loan

For Self Employed
  • Filled Loan application form

  • 2 passport size photographs

  • Last 2 years ITR

  • Identity Proof: Driving License/ Passport/ PAN/ Voter ID

  • Address Proof: Valid Rent Agreement/ Passport/ Utility Bill/ License

  • Business Proof: Business Address Proof/ VAT/Service Tax registration/ Balance Sheets certified by CA/ Profit & Loss Account/ Partnership Deed/ Business profile and Business Existence Proof

For Salaried Employee
  • Filled Loan application form

  • 2 passport size photographs

  • Job continuity proof

  • Identity Proof: Driving License/ Passport/ PAN/ Voter ID

  • Address Proof: Valid Rent Agreement/ Passport/ Utility Bill/ License

  • Income Proof: Last 6 months payslips/ Last 6 months bank statement/ 2 years Form 16/ any debit card

Property Documents
  • Lease Deed/ Registered Sale Deed/ conveyance

  • Previous Sale Deeds Chain

  • Approved Building plan from Municipal Corporation

  • Latest Home tax return/ receipt

L&T Mortgage Loan Eligilibility

  • Age should be 21 to 60 years

  • Minimum credit score is 650 and above

  • Loan to value ratio - Up to 60%

  • Fixed Obligations to Income Ratio(FOIR) - 0.65

  • Small & mid sized businesses, partnership firms, private or closely held companies, self employed professionals are eligibile for mortgage loans.

L&T Mortgage Loan EMI Calculator

You can use our online EMI calculator to calculate your loan EMIs. EMI is a fixed amount that you need to pay for every month.

Features and Benefits of L&T Mortgage Loan

  • Higher loan amount and tenure up to 15 years

  • Low interest rates

  • Simple and quick approval

  • Flexible repayment option

  • Higher loan amount with low EMIs

l-t-mortgage-loan
X