L&T Housing Finance Home Loan
L&T Housing Finance Home Loan
Headquartered in Mumbai, L&T Housing Finance Limited is a reliable Non-Banking Financial Company in India, lending for home loans, consumer loans, microloans, two-wheeler loans, farm loans and SME loans. Its home loans start at an interest rate of 8.60% per annum, with a processing fee of up to 3.00% of the loan amount plus applicable taxes.
L&T Housing Finance offers home loans to salaried and self-employed professionals with a maximum repayment tenure of up to 25 years, for purchasing, constructing, repairing and extending a home. Borrowers can also transfer an existing home loan with additional top-ups.
L&T Housing Finance Home Loan
Loans From Rs. 20 Lakh to Rs. 7.5 Crore
L&T lends across a wide ticket range, and we help you size the loan to what you can comfortably repay.
Up to 90% Loan to Value
L&T funds a high share of the property value, and we check what your profile qualifies for.
Nil Prepayment Charges on Floating Rates
Pay off early without a penalty on a floating plan, and we factor that into what we recommend.
One Relationship Manager, Start to Finish
A dedicated BASIC expert handles your file end to end, not a rotating call centre.
L&T Housing Finance Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
L&T Housing Finance Home Loan Key Highlights
Get the lowest interest rates with L&T Housing Finance
Loan Amount: Starting from Rs. 20 lakh up to Rs. 7.5 crore
Rate of Interest: Starts at 8.60% per annum
Processing Fee: Up to 3.00% of the loan amount + applicable taxes
Maximum Tenure for Repayment: 25 years
Rate Packages: Fixed / Floating
Charges for Prepayment/Foreclosure: Floating: nil. Less than 1 year from disbursement: up to 3.00% of the partial or prepayment amount + taxes. After 1 year: up to 2.00% + taxes
L&T Housing Finance Home Loan Interest Rates in 2026
The NBFC offers quick home loans to eligible borrowers. The current L&T home loan rate of interest starts at 8.60% per annum. The table below sets out the current rates:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Fixed Plans (For Salaried) | Starts at 8.60% per annum |
| Fixed Plans (For Self-Employed) | Starts at 8.60% per annum |
| Floating Plans (For Salaried) | Starts at 8.60% per annum |
| Floating Plans (For Self-Employed) | Starts at 8.60% per annum |
L&T Housing Finance Home Loan Eligibility Criteria
Borrowers prefer L&T Housing Finance because its eligibility criteria are straightforward, covering age, nationality and minimum income earned. The table below sets them out:
For Salaried Individuals
Age Range (in years)
23-62 years
Nationality
Indian residents
Minimum Income Earned
Rs. 15,000 per month
For Self-Employed Individuals
Age Range (in years)
23-62 years
Nationality
Indian residents
Minimum Income Earned
Rs. 2 lakh per annum
L&T Housing Finance Home Loan Processing Fee and Charges
Processing each home loan application incurs a cost, which lenders recover through a processing fee. The L&T Housing Finance processing fee is up to 3.00% of the loan amount plus applicable taxes. The table below sets out the full list of charges:
| Processing Fee | Up to 3.00% of the loan amount + applicable taxes |
| Prepayment Charges | Floating: nil. Less than 1 year from disbursement: up to 3.00% of the partial or prepayment amount + taxes. After 1 year: up to 2.00% + taxes |
| Foreclosure Charges | Floating: nil. Less than 1 year from disbursement: up to 3.00% of the outstanding loan + taxes. After 1 year: up to 2.00% + taxes |
| Photocopy of Documents | Rs. 500 per set + applicable taxes |
| List of Documents | Rs. 300 per request + applicable taxes |
| Duplicate NOC Charges | Rs. 250 per instance + applicable taxes |
| Cheque Bounce Charges | Rs. 350 per instance + taxes |
| Loan Cancellation Charges | Rs. 5,000 + applicable taxes |
| Interest Rate Conversion Charges | Up to 0.50% of the outstanding loan amount + applicable taxes, minimum Rs. 10,000 |
| Repayment Swapping Charges | Rs. 500 per instance + taxes |
| Valuation Charges | As per actuals |
L&T Housing Finance Home Loan Schemes and Top Plans
L&T Housing Finance offers home loan schemes to salaried, self-employed professional and self-employed non-professional borrowers. Listed below are the popular ones:
- Ideal for funding construction of a home on a plot you already own
- Maximum repayment tenure of up to 25 years
- Minimum loan amount approved is Rs. 20 lakh
- Ideal for buying, constructing or improving a home
- Maximum repayment tenure of up to 25 years
- Minimum loan amount approved is Rs. 20 lakh
- For renovating or repairing an existing home through carpentry, painting and similar work
- Maximum repayment tenure of up to 25 years
- Minimum loan amount approved is Rs. 20 lakh
- For adding a room or floor to an existing home
- Maximum repayment tenure of up to 25 years
- Minimum loan amount approved is Rs. 20 lakh
- Flexible option to transfer an outstanding loan to L&T Housing Finance
- Lower rate of interest and reduced EMI
- Additional top-ups available
- Ideal for purchasing a plot and constructing a home on it within a limited time
- Flexible EMIs
- Maximum loan amount of up to Rs. 7.5 crore
- Flexible top-up facility for existing home loan borrowers alongside a balance transfer
- An easy way to arrange funds for personal and professional needs
- Lower rate of interest
* Note: All of the above home loan plans are made available to applicants solely at the discretion of L&T Housing Finance, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for L&T Housing Finance Home Loan
To approve home loans, L&T Housing Finance requires a set of KYC documents to check the credibility and eligibility of the borrower. The list is shared below:
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply for an L&T Housing Finance Home Loan Through BASIC Home Loan
The L&T home loan application is simple. You can apply by following the steps below:
Apply Now on the BASIC Website
Head to the APPLY NOW section on the BASIC Home Loan website.
Share Your Requirement
Enter your name, contact number, loan amount and pincode, then submit the form.
We Take It Forward With L&T
The BASIC Home Loan team reaches out and initiates a hassle-free home loan application process.
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