L&T Finance Home LoanEMI Calculator
Calculate your monthly EMI instantly with L&T Finance's latest interest rates. Plan your home loan with confidence using our advanced calculator.
Current L&T Finance Rates
Lower than market average
Min ₹5,000 • Max ₹50,000
Min ₹1L
Min 1 years
Calculate Your EMI
Use our advanced calculator to plan your home loan with L&T Finance's latest rates
L&T Finance Home Loan
L&T Finance home loans start at 8.75% p.a. with loan-to-value up to 75% and tenure up to 25 years. L&T is positioned for Tier-2 and Tier-3 city borrowers, offering more flexible documentation than private-sector banks.
Key Features
- Interest rates starting from 8.75% p.a.
- Tenure up to 25 years
- LTV up to 75%
- Flexible documentation for informal income
- Strong presence in Tier-2 and Tier-3 cities
Interest Rates & Fees
EMI Calculator
EMI Details
Monthly EMI
₹28,456
Principal Amount
₹30,00,000
Total Interest
₹38,29,440
Total Amount Payable
₹68,29,440
Payment Breakdown
Eligibility Criteria
- Age: 21 to 65 years
- Minimum income as per bank norms
- Employment or business vintage of 2+ years
- Credit Score: 650 and above
Documents Required
- KYC documents
- Income proof
- Bank statements
- Property documents
- Employment / business proof
Example
₹30,00,000 @ 8.75% for 20 yrs
₹26,511/mo
Total interest: ₹33,62,640
Example
₹50,00,000 @ 8.75% for 20 yrs
₹44,186/mo
Total interest: ₹56,04,640
Example
₹75,00,000 @ 8.75% for 20 yrs
₹66,278/mo
Total interest: ₹84,06,720
Why Choose L&T Finance Home Loan?
L&T Finance Home Loan EMI Examples
Sample EMI calculations for L&T Finance home loans at current rates. Use the calculator above for exact figures based on your loan parameters.
| Loan Amount | Rate | Tenure | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹20,00,000 | 8.75% | 20 years | ₹17,674 | ₹22,41,760 |
| ₹30,00,000 | 8.75% | 20 years | ₹26,511 | ₹33,62,640 |
| ₹50,00,000 | 8.75% | 20 years | ₹44,186 | ₹56,04,640 |
| ₹75,00,000 | 8.75% | 20 years | ₹66,278 | ₹84,06,720 |
| ₹1,00,00,000 | 8.75% | 20 years | ₹88,371 | ₹1,12,09,040 |
EMI calculated at L&T Finance's starting rate of 8.75% p.a. for a 20-year tenure. Actual rate depends on your CIBIL score, loan amount, and profile. Processing fee: 1% (₹5,000 – ₹50,000).
Frequently Asked Questions
Everything you need to know about L&T Finance home loans
What is the current home loan interest rate for L&T Finance?
L&T Finance currently offers home loan interest rates starting from 8.75% and going up to 12.5% per annum. The exact rate depends on various factors including:
- •Your Credit score (750+ preferred)
- •Loan amount and loan-to-value ratio
- •Employment type (salaried/self-employed)
- •Property location and type
How much home loan can I get from L&T Finance?
L&T Finance offers home loans ranging from ₹1 lakhs to ₹3 crores. Your eligibility depends on:
Eligibility Criteria:
Salaried Individuals:
- • Age: 21-65 years
- • Min income: ₹25,000/month
- • Work experience: 2+ years
Self-Employed:
- • Age: 25-70 years
- • ITR: 3+ years
- • Business stability: 5+ years
What is the processing fee for L&T Finance home loan?
L&T Finance charges a processing fee of 1% of the loan amount:
Note: This is a one-time non-refundable fee. Some banks offer processing fee waivers during festive seasons.
Can I prepay my L&T Finance home loan?
Yes, L&T Finance allows both partial and full prepayment of home loans:
Floating Rate Loans:
No prepayment charges as per RBI guidelines
Fixed Rate Loans:
May attract 2-4% prepayment penalty
Pro Tip: Making even small prepayments can save significant interest. A ₹50,000 annual prepayment on a ₹50L loan can save ~₹15L in interest!
What documents are required for L&T Finance home loan?
L&T Finance requires the following documents for home loan application:
Identity & Address Proof
- ✓PAN Card (Mandatory)
- ✓Aadhaar Card
- ✓Passport/Driving License
Income Documents
Note: Additional documents may be required based on employment type and property details.
Compare with Other Banks
Find the best home loan rates across leading banks
Expert Tips for Home Loan Success
Maximize your savings and get the best deal on your L&T Finance home loan
Before Applying
Check Credit Score
Aim for 750+ for best rates
Save up to 0.5% on interest
Calculate Eligibility
Know your borrowing capacity
Avoid rejection & save time
Compare Banks
Research rates across lenders
Save lakhs in interest
Prepare Documents
Get all papers ready
Fast-track approval by 7-10 days
After Loan Approval
Setup Auto-Debit
Never miss an EMI payment
Maintain perfect credit record
Make Prepayments
Pay extra when possible
Save 40-50% on total interest
Claim Tax Benefits
Use 80C & Section 24
Save up to ₹2L annually
Consider Transfer
Switch for better rates
Save ₹10-20L on ₹50L loan
💡 Pro Tip: The 5% Prepayment Strategy
Prepaying just 5% of your loan amount annually can reduce your tenure by 8-10 years and save up to 45% of total interest!
₹50L
Loan Amount
₹2.5L
Annual Prepayment
₹22L
Interest Saved
Ready to Get Your Dream Home?
Start your L&T Finance home loan journey today with our exclusive rates and fast processing
2L+
Happy Customers
₹5000Cr+
Loans Processed
20+
Bank Partners
4.8★
Customer Rating