L&T Finance Home Loan Interest Rates


L&T Financial Services offer home loans at rates beginning from 8.65% pa. The loan is available to both salaried and self-employed individuals. The loan ranges from INR 20 lakhs to 7.5 crores, and the tenure goes up to 30 years. Applicants can choose between floating and fixed interest rates. The loan amount is offered up to 90% of the property’s value. Additional features like minimal documentation, affordable fees, and charges make L&T a good option.

  • Home Loan offer for You

  • 8.6%

    Interest Rate (p.a.)
  • ₹2L - ₹20Cr

    Tenure(2 - 30 Years)
  • ₹2,056

    EMI Per Lakh
  • 8.6%

    Interest Rate (p.a.)
  • ₹2L - ₹20Cr

    Tenure(2 - 30 Years)
  • --

    Processing Fee

Compare L&T Finance Home Loan Interest Rates with Other Lenders

L&T Finance Home Loan Interest Rates are contrasted with those offered by other banks and lending organisations in the table below:

  • Starting Interest Rate (p.a)
  • Processing Fee
  • Rating
  • Min. Loan Amount
  • 5 Lac
  • 20 Cr
  • 5
  • 30
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount


Interest Payable

Total Amount Payable

L&T Finance Home Loan Interest Rates 2024

Home loans are available from L&T Financial Services with interest rates starting at 8.65% p.a. for loan amounts up to Rs. 10 crores and for terms up to 30 years. Home loan balance transfers (with a home loan top-up facility) to current home loan borrowers of other banks/HFCs are available as additional services through L&T Housing Finance home loans at cheaper interest rates.

L&T Finance Home Loan Highlight

With a processing charge of 0.25% plus taxes, L&T Housing Finance provides home loans with fixed and adjustable interest rates. For a maximum payback period of 30 years, qualified borrowers can obtain up to 90% of the property's worth, ranging from Rs. 3 lakh to Rs. 10 crores, at competitive interest rates.

L&T Finance Home Loan Interest Rates on Loan schemes 

L&T Finance Home Loan offers four schemes to its customers. Listed below are the four schemes to use to avail of a housing loan according to your needs:

L&T Housing Loan

Regular home loan programme for building a new home, buying a home, remodelling an existing dwelling unit, and extending an existing home.

Amount of Loan: Rs. 3 Lakhs to Rs. 10 Lakhs

Tenure of Loan: Upto 30 Years

L&T Home Loan Bank Transfer

Existing customers of other banks and HFCs can transfer their home loans to them to obtain a mortgage at a lower interest rate and so lower their EMI and overall interest expense.

Composite Loan Scheme

This loan scheme is used for purchasing a plot and building a house within a certain timeframe

Balance Transfer plus Top-Up

Existing borrowers of home loans who want to obtain a top-up home loan in addition to a balance transfer may use this option.

L&T Top-Up Loan

For existing L&T Housing Finance house loan borrowers to satisfy their different personal needs, such as the cost of school, marriage, medical care, business expenses, and the purchase of consumer durables, furniture, and vehicles.

Tenure of the loan: Up to 30 Years

L&T Finance Home Interest for Salaried and Self-Employed

L&T Finance offers personal loans with starting interest rates as low as 8.65% for self-employed professionals as well as salaried employees. Depending on the applicant's track record and other crucial variables, such as income, age, history of repayment, etc.

Type of Employment Offered Personal Loan Interest Rate Processing Charges  Prepayment Charges
Salaried Employee From 8.65%-8.75% per annum onwards Upto 3% of the approved loan amount + GST Nil on floating interest rates
Self-Employed Professional From 8.65%-8.75% per annum onwards Upto 3% of the approved loan amount + GST Nil on floating interest rates

L&T Finance Home Interest for Govt Employee

L&T Finance home interest rates for government employees are on par with those for any other customer in the private sector. The amount and interest rates are still the same for everyone. They occasionally offer incredible offers on their home loan programmes and provide the top financing services.

L&T Finance Bank Home Loan Interest Rate For Women

To boost women's empowerment and provide them with better programmes, L&T Finance Bank Home Loan Interest Rates comply with all applicable laws. On loans, they offer a subdued 3% government-approved stamp duty discount.

L&T Finance Bank Home Loan Interest Rate For NRI,

NRI clients who have a home loan account with L&T Finance Bank are eligible for various benefits. Interested candidates can go to the bank's official website and provide specific information to learn if they qualify for a personal loan that has already been pre-approved. Like other lenders, L&T Finance Bank provides pre-approved personal loans to applicants with excellent credit scores and reliable payback histories.

L&T Finance Home Loan Interest Rate and Other Charges

The L&T Finance Home Loan interest rate and other charges are as follows:

Particulars Charges
Processing Fee Up to 3% of loan amount
Check bounce charges Rs. 1000
Penal Charges 3% p.a. on instalment overdue
Foreclosure Charges Nil on floating
Interest Rate Conversion  Charges 0.5% of balance loan amount (+ GST) or  min. Rs. 10,000, whichever is higher
Legal Recovery Charges At Actuals
Loan Cancellation Charges Rs. 5000 + GST
List of Documents Rs. 300
Photocopies of Documents Rs. 500

How Do You Calculate L&T Finance Home Loan Interest?

Using Lt. Finance's home loan EMI calculator, one can accurately calculate the interest/EMI on the home loan, and one just needs to enter some basic loan information to determine the precise EMI (Equated Monthly Instalment).


One can use the following formula to calculate the EMI:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1] 


  • P is the principal amount
  • R is the interest rate charged on the home loan
  • r is the number of instalments on the tenure of the loan

L&T Finance Home Loan Interest Rates for Existing Customers

Given below are the interest rates, Tenure, and processing charges for the existing customers:

L&T Home Loan Interest Rate for Existing Customers

Interest Rate 8.65%-8.75% p.a.
Loan Amount Rs. 3 lakhs to Rs. 10 crore
Loan Tenure Up to 30 years
Processing Charges Up to 3% of the loan amount

Factors That Affect L&T Finance Home Loan Interest Rate and EMI 

Many factors affect the L&T Finance Home Loan Interest Rate and EMI. Below are some significant factors:

Credit Score

The importance of the credit score in determining the interest rate cannot be overstated. Lower interest rates are associated with higher scores and vice versa.


Your loan application will be denied if you have the terms "settled" or "written off" on any credit account. These terms signify that you have defaulted on your loan and that the lender has settled the account after understanding that you would not be able to pay the balance back.

Similarly, the home loan may be rejected if there are any inconsistencies—for example if your date of birth differs from what is on your application. To prevent your L&T Finance home loan from being rejected, it is best to address any such anomalies well in advance.

A Stable Job

Your application can be denied if you apply for a house loan immediately after starting a new job. Banks want applicants for house loans to have steady employment, which won't be the case if you're new to the business, making you a risk. It is preferable to hold off on applying for a mortgage for at least six to twelve months after starting new employment.

History of Debt

Home loans are high-value investments, and the EMI will be considered monthly payments. The loan application might be turned down if the applicant already has debts that need to be paid back.

Similar to this, if the applicant is already serving as a guarantor for another loan, there is a chance that the other party might default on their loan and force the applicant, who is serving as a guarantor, to pay the debt.

Frequently Asked Questions (FAQs)

What is the interest rate for L&T Finance Home Loan?

The interest rate for L&T Finance home loans starts from 8.65% to 8.75%.

Does L&T Finance provide a 90% home loan?

L&T Finance gives qualifying borrowers loans between Rs. 20 lakhs and Rs. 7 crores, an LTV ratio of up to 90%.

What is the EMI for 30 lakhs home loan for 20 years?

The EMI for a 30 Lakhs home loan for 20 years with an interest rate of 8.75% is approx. Rs. 26,416.

How can I reduce my L&T Finance home loan interest rate?

One can reduce their L&T Finance home loan interest rate with a good credit score, repayment schedule, and a good rapport as a lender.

What is the average interest rate for a home loan in Lt. Finance?

The average L&T Finance Home Loan Interest Rate is 8.7%.

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