L&T Housing Finance Ltd. (LTHFL), a wholly-owned subsidiary of L&T Finance Holdings Ltd. is one of the leading construction companies that also provide home loan products at attractive interest rate starting from 8.80% per annum. L&T is known to be a housing finance company that is registered with National Housing Bank (NHB). Home loans offered by L&T Housing Finance can be used for various purposes that include purchase or construction of house, purchase of flat, home improvement, house repair, house extension, etc.
L&T Housing Finance Interest Rate 2020
|Interest Rate||8.80% onwards|
|Loan Amount||Up to 10 crore|
|Age Criteria||Min 23 years & Max. 65 years (At time of loan maturity)|
|Loan Tenure||Up to 30 years|
|Processing Fee & Charges||0.25% + GST, Rs. 4999 flat (Non-refundable)|
|Co-applicant||Allowed & can be husband, wife, father, son|
|Lon-to-Value Ratio||90% of the property value|
|Income Clubbing of co-applicant||Permitted|
|Nationality||Indian Resident or NRI|
|Processing time||6-10 working days (approx.)|
|Work Experience||1 year for Salaried & 2 years for self-employed|
|Home Loan Insurance||Mandatory|
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the company and RBI. GST and service tax shall be levied extra on the mentioned charges.