What Is The Lt Housing Finance Home Loan Rate Of Rs25 Lakh For 15 Years

 

The interest rate for L&T Home Loans starts at 6.75% per annum.  For a Rs.25 lakh loan, with a tenure of 15 years, at an interest rate of 6.75%, your monthly EMI shall be Rs. 22,192.  You can choose between floating and fixed interest rates, based on your preferences. Low, market-competitive interest rates. Processing fees are low, starting at 0.25 % of the loan amount. There is less documentation to fill out, and the loan application process is less time-consuming. There are no hidden fees or related expenses. An application process that is both open and transparent. Repayment choices that can be customized.

L&T Home Loan Eligibility Criteria

The applicant must be an Indian citizen. They can be either salaried or self-employed professionals and non-professionals. Age should be between 23 years and up to 62 years on loan maturity. The final loan amount is determined by the applicant's income and repayment capacity, age, assets and obligations, and the cost of the planned home/flat, among other factors. Applicants can boost their eligibility by adding a second source of income or a co-applicant with a steady source of income (rent, co-income, applicant's or another regular source of income).

L&T home loans are affordable and easily accessible to a large section of borrowers looking to own their dream home.