Choosing the Ideal L&T HFL Home Loan for Your Need

L&T Housing Finance Limited (L&T HFL) offers a range of home loan products customized to meet diverse financial needs. Before going through the options check your eligibility criteria and requirement. To select the ideal home loan, consider the following options:

New Home Loan

• Purpose: Financing the purchase of under-construction or ready-to-move-in properties.
• Loan Amount: ₹20 lakh to ₹7.5 crore.
• Loan-to-Value (LTV) Ratio: Up to 90% of the property's value.
• Tenure: Up to 25 years.
• Interest Rate: Starting at 8.60% per annum.

Home Loan for Self-Construction

• Purpose: Funding the construction of a residential house on a plot owned by the borrower.
• Loan Amount and Tenure: Customized based on construction needs and repayment capacity.
• Interest Rate: Starting at 8.65% per annum.

House Improvement Loan

• Purpose: Renovation, repair, and maintenance of an existing home.
• Loan Amount and Tenure: Tailored to project requirements and borrower eligibility.
• Interest Rate: Competitive rates aligned with market standards.

House Extension Loan

• Purpose: Constructing additional rooms or floors in an existing residential unit.
• Loan Amount and Tenure: Determined based on extension plans and financial profile.
• Interest Rate: Market-competitive rates.

Home Loan Balance Transfer

• Purpose: Transferring an existing home loan from another lender to L&T HFL for better interest rates and terms.
• Additional Feature: Option to avail a top-up loan during the transfer.
• Interest Rate: Starting at 8.60% per annum.

Eligibility Criteria

• Age:23 to 62 years at loan maturity.
• Income: Minimum monthly income of ₹15,000 for salaried individuals; annual income of ₹2 lakh for self-employed individuals.
• Employment: Both salaried and self-employed professionals and non-professionals are eligible.

Special Benefits for Women Applicants

• L&T HFL offers lower interest rates for women applicants, encouraging female homeownership and financial empowerment.
• Processing Fees and Charges:
• Processing Fee: Up to 3% of the loan amount, plus applicable taxes.
• Prepayment and Foreclosure Charges: Nil for floating rate loans; up to 3% for fixed rate loans, depending on the tenure and source of funds.

How to Apply

• Online Application: Visit the www.suganta.com or directly apply through L&T HFL website and complete the online application form.
• Documentation: Submit necessary documents, including identity proof, address proof, income proof, and property-related documents.
• Approval and Disbursement: Upon verification, receive approval and disbursement as per the loan terms.

By evaluating these options and aligning them with your financial goals, you can select the L&T HFL home loan that best suits your requirements.

L&T Housing Finance Limited (L&T HFL) stands out with its competitive home loan interest rates, catering to diverse needs of salaried, self-employed, and women borrowers. Offering high loan-to-value ratios, flexible tenure, and balance transfer options, L&T HFL simplifies homeownership. With special features like top-up loans for renovations and lower rates for women, L&T HFL ensures financial inclusivity and convenience. Achieve your dream home with a trusted partner in housing finance. Apply today for expert assistance and quick approvals!