Documents Required for L & T HFL Home Loan

• • Applicant must be an Indian resident or Non-Resident Indian (NRI).
• • The loan maturity should be between 23 and 62 years.
• • Suitable for salaried persons, self-employed professionals, and businessmen.
• • Co-applicants such as spouse, parent, or siblings are allowed to increase eligibility.

• • Loans are available from ₹5 lakhs up to ₹10 crores based on eligibility.
• • Repayment tenure can be extended up to 20-30 years, depending on age and repayment capacity.

• • Competitive interest rates start at approximately 8.60% p.a. (floating rate).
• • Fixed and floating rate options available.
• • Processing fee typically ranges between 0.25% to 0.50% of the loan amount.
• • Other charges may include legal fees, valuation fees, stamp duty, and applicable GST.

• • EMIs are calculated on a reducing balance basis.
• • Repayment options include ECS/NACH mandates or post-dated cheques.
• • Prepayment or foreclosure of the loan is permitted without penalties for loans availed on floating interest rates using own funds.
• • Flexible repayment schemes like step-up and step-down EMIs are available.

• • The full sanctioned amount is disbursed for ready properties after legal and technical verification.
• • For under-construction projects, disbursement is staggered and linked to the construction progress.
• • Proper documentation and clear ownership title are mandatory before disbursement.

• • Eligible borrowers receive tax deductions on principal repayment under Section 80C up to ₹1.5 lakh per annum.
• • Interest paid qualifies for deduction under Section 24(b) of the Income Tax Act up to ₹2 lakh per annum.

• • Keep all your identity, income, and property documents ready and up to date.
• • Maintain a healthy credit score (750 and above is ideal).
• • Review your income statements and tax returns to ensure accuracy.
• • Verify property papers comprehensively before submission.
• • If applying as a self-employed professional, ensure a qualified Chartered Accountant audits your financial statements.
• • Use L&T HFL’s online eligibility calculator to estimate your loan eligibility and EMI.
• • Engage with official representatives or consult authorized advisors for guidance on documentation and procedures.

To secure a home loan from L&T Housing Finance Limited involves submitting a well-organized set of documents covering personal identity, income, and property details. Being fully prepared with accurate and complete paperwork will significantly expedite the approval and sanctioning process. L&T HFL’s wide range of loan products, competitive interest rates, and excellent customer service make it an attractive choice for both salaried and self-employed individuals aiming to finance their dream home.