Product Banner
Overview Eligibility Features & Benefits Fees & Charges Documents FAQs Terms & Conditions

Product Overview

L&T Finance Housing Loan is designed to help eligible customers finance their dream home, whether they want to purchase a residential property, construct a house, or meet other eligible housing requirements.

L&T Finance offers Housing Loans from ₹20 lakh up to ₹10 crore, with repayment tenure ranging from 3 years to 30 years. Floating interest rates currently start from 7.75% p.a., subject to the applicant's credit profile and applicable lending terms.

The application process is digitally enabled, with online application, document submission and dedicated relationship-manager support available for eligible applicants.

With fast processing, minimal documentation, and easy eligibility, it is a reliable option for entrepreneurs and individuals looking for quick financial assistance.

Eligibility Criteria

Eligibility is determined based on the applicant's overall financial profile. Key factors include:
Applicant's age
Indian resident/NRI status, as applicable
Salaried or self-employed professional/non-professional profile
Stable income and repayment capacity
Credit history and CIBIL score
Existing financial obligations
Property details and legal/technical assessment
L&T Finance's current housing information indicates eligibility for salaried and self-employed applicants. Its location-specific housing pages indicate age ranges of 23–70 years for salaried applicants and 25–70 years for self-employed applicants, subject to applicable product and policy conditions.

Features & Benefits

???? Loan Amount: ₹20 lakh to ₹10 crore
???? Interest Rate: Starting from 7.75% p.a. (Floating)
???? Repayment Tenure: 3 to 30 years
???? Digital Application: Online application and digital processing
�� Quick Processing: Streamlined approval and disbursal process
???? Minimal Documentation
????‍???? Dedicated Relationship Manager
???? Home Purchase: Finance eligible residential property purchases
???? Home Construction: Finance eligible self-construction requirements
???? Plot + Construction: Housing finance solutions may cover eligible plot purchase linked with construction
???? Balance Transfer: Transfer an existing home loan from another lender, subject to eligibility
???? Top-Up: Additional funds may be available to eligible existing borrowers
????️ Home Decor Finance: Additional finance option for eligible home-related requirements
???? Tax Benefits: Eligible borrowers may claim applicable tax benefits under prevailing tax laws.
???? Housing Loan OptionsL&T Finance's housing finance portfolio includes:
Home Loan
Home Construction Loan
Plot Purchase / Plot + Construction Loan
Home Extension Loan
Home Improvement / Home Decor Finance
Home Loan Balance Transfer
Home Loan Top-Up
Spoorthi Home Loan for eligible women entrepreneurs.

Fees & Charges

Applicable fees may include:
ChargeDetailsProcessing FeeAs per applicable L&T Finance schedulePrepayment – Floating RateNo prepayment charges, subject to applicable termsPrepayment – Fixed RateCharges may apply as per applicable termsDocumentation ChargesAs applicableLegal/Technical ChargesAs applicableOther Service ChargesAs per prevailing schedule
The exact charges can vary depending on the loan type, applicant profile and applicable terms. Customers should refer to the applicable Schedule of Charges, KFS and loan agreement before accepting the loan.

Documents Required

Salaried Applicants
PAN Card
Aadhaar Card / other accepted identity and address proof
Age proof
Recent salary slips
Bank statements
Income-related documents
Property-related documents
Self-Employed Applicants
PAN Card
Aadhaar Card / other accepted identity and address proof
ITR and income computation
Bank statements
Business/income proof
Property-related documents
Property DocumentsDepending on the loan type, documents may include:
Sale agreement / sale deed
Property title documents
Approved building plan
Construction-related documents
Plot documents, where applicable
Other documents required for legal and technical verification
The exact document list may vary according to the applicant, property and loan type.

FAQs

View / Toggle All

Eligible applicants can avail of a Housing Loan of up to ₹10 crore, subject to eligibility and applicable terms.

L&T Finance currently advertises floating Housing Loan rates starting from 7.75% p.a. The final rate depends on the applicant's credit profile and internal assessment.

The maximum repayment tenure is 30 years.

Yes. L&T Finance offers housing finance solutions to eligible salaried and self-employed applicants.

Yes. L&T Finance offers housing finance for eligible home construction requirements.

L&T Finance offers a Plot Purchase Loan where the plot purchase may be linked to the requirement to construct a residential property, subject to applicable terms and assessment.

Yes. L&T Finance offers a Home Loan Balance Transfer facility for eligible borrowers looking to transfer an existing housing loan.

Yes. Eligible existing borrowers may access additional funds through a Home Loan Top-Up, subject to applicable eligibility and terms.

Terms & Conditions

Housing Loan approval is subject to L&T Finance's credit and eligibility assessment.
The final loan amount depends on income, repayment capacity, credit profile, property value and applicable LTV norms.
Interest rates are subject to the applicant's profile and prevailing lending terms.
Property is subject to legal and technical verification.
Applicable processing, documentation, legal, technical and other charges may be levied as per the prevailing schedule.
Prepayment/foreclosure conditions depend on the applicable interest-rate type and loan terms.
Final terms will be mentioned in the sanction letter, KFS and loan agreement.
Tax benefits are subject to prevailing income-tax laws and the customer's eligibility.
Terms and conditions apply.

Apply for L&T Housing & Lap

Get instant approval with zero paperwork and exclusive partner rewards.

Apply Now
It's quick, secure and hassle-free
Share This Product
Why Choose L&T Housing & Lap?
Trusted Brand With a strong legacy
Quick & Hassle-Free Instant verification
Flexible Loan Solutions For every need
Dedicated Support 24x7 Assistance