L&T Financial Services

L&T Financial Services

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 9.65% p.a. to 10.50% p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 3 years to 20 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 0.00% to 1.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about L&T Financial Services

L&T financial services is stands for Larsen & Toubro Limited. It is a very renowned name in India.  The Company is involved in a number of specialist spheres of operation, including Construction, Engineering, Information Technology, Financial Services, etc. L&T Financial services is a versatile company, and for this Home loan was a natural next step, and a chance to step into one of the most competitive operative spheres in India

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Make your spouse as co applicant , her/his income will also be added in eligibility
Choose longer tenure of loan period maximum upto 20 years
Add more than one co applicant if required to enhance your eligibility
Close short term loans, this will also increase your eligibility

Rate of Interest and Other Charges for Home Loan are following

Home loan Rate of Interest for L&T financial Services:

Sno.

Loan Schemes

Interest Rate

1

L&T Financial Services (Floating)

9.65%-10.5%

Existing Loan take over or New Loan

Here are some features from which you can know why Existing Loan take over of New Loan

  • Fully transparent process with very easy documentation.
  • Competitive Interest Rates and 0% Pre-Payment Charges.
  • Quick and interactive loan processing with fast times
  • Instant online approval with the friendly ‘e-approval from’.
  • Free and safe document storage facility with very easy retrieval procedures.
  • Convenient repayment options, including Electronic Clearing System (ECS).

 

Features of Loan

Features of L&T Financial Services:

  • Loan tenor up to 20 years
  • Loans ranging from Rs 3 lakh to Rs 10 crore
  • Attractive rate of interest
  • Choose from a fixed or floating rate of interest
  • Home loans up to 90%  of property value
  • Flexible repayment options like Tranche-based EMI and Part Prepayment Scheme
  • Loan consideration includes registration fees and stamp duty
  • Income-based product
  • Loan tenure is subject to meeting eligibility and age of the applicant.

Documents Required For L&T Financial Services

For the Salaried:

  • Completed Application Form duly singed by the applicant and co-applicant (if any)
  • Last 3 months salary slip
  • Employment proof
  • Form 16/Latest Income –Tax Return
  • Bank statement for the last six months
  • ID proof, address proof and Proof of age
  • Passport size photographs
  • Any other document as deemed mandatory by L&T Finance

 For the Self-employed:

  • Completed Application Form duly signed by the applicant and co-applicant (if any)
  • Profit & Loss Account and Balance Sheet for the last three years of the Company and Individual.
  • Income-Tax Returns for the last three years of the Company and Individual / copy of the tax paid challan.
  • Bank statement for the last six months of the company and Individual.
  • Business continuity proof and business profile.
  • ID proof, address proof and proof of age
  • Passport size photographs
  • Any other document as deemed mandatory by L&T Finance