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L & T Housing Finance Home Loan Interest Rates 2022

LT Housing Finance Housing Loan Interest Rate -Today

Last Updated 31st May 2019

Loan AmountL and T Finance Home Loan Floating Rate
Upto ₹ 30 Lakh7.70%
₹ 30 Lakh - ₹ 75 Lakh7.70%
₹ 75 Lakh - ₹ 3 Cr7.70%
Above ₹ 3 Cr7.70%
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LT Housing Finance Home Loan Rate

LT Housing Finance offers home loans to both salaried individuals and self-employed at a minimum rate starting at 7.70% up to 8.45%. Apart from the interest rate, the bank also has various other charges such as LT Housing Finance processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

LT Housing Finance Home Loan Processing Fee and Other Charges

LT Housing Finance home loan processing charges are upto 2.00% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. LT Housing Finance charges a minimum processing of ₹ 4,999 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees Upto 2.00% of the loan amount; minimum processing fee of ₹ 4,999
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on L & T Housing Finance Home Loans Schemes

LT Housing Finance offers a housing loan interest rate at 7.70%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, LT Housing Finance home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are LT Housing Finance home loan rates for multiple housing schemes.

LT Housing Finance Home Loan Scheme Interest Rates
L and T Finance Home Loan Floating7.70% - 8.45%

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

The home loan interest rates in L & T Housing Finance for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 30 Lakh 7.70%
₹ 30 Lakh - ₹ 75 Lakh 7.70%
₹ 75 Lakh - 3 Cr 7.70%
Above ₹ 3 Cr 7.70%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 8.10%
₹ 30 Lakh - ₹ 75 Lakh 8.10%
₹ 75 Lakh - 3 Cr 8.10%
Above ₹ 3 Cr 8.10%

L & T Housing Finance Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount L & T Housing Finance Home Loan Rate For Women L & T Housing Finance Home Loan Rate For Govt Employee
Upto ₹ 30 Lakh 7.70% 7.70%
₹ 30 Lakh - ₹ 75 Lakh 7.70% 7.70%
₹ 75 Lakh - 3 Cr 7.70% 7.70%
Above ₹ 3 Cr 7.70% 7.70%

L & T Housing Finance Home Loan Balance Transfer Interest Rates

LT Housing Finance home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to LT Housing Finance at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, LT Housing Finance offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate LT Housing Finance
Maximum Annual Percentage Rate (APR) 7.77% to 8.52%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 30 Years
  • LT Housing Finance Home Loan Interest Rate: 7.70% to 8.45%
  • Processing Fee payable to: Upto ₹ 2,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 713 for 30 Years ₹ 1,00,000 loan at 7.70% (lowest rate, longest time period) to ₹ 2,049 for 5 Years ₹ 1,00,000 loan at 8.45% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 7.77% to 8.52%
  • Total cost payable over loan tenure: ₹ 1,22,799 for 5 Years loan to ₹ 2,58,666 for 30 Years loan

FAQs

Has L & T Housing Finance reduced home loan rates?

As per the current rates, L & T Housing Finance has hiked its home loan rates by 0.95% from 6.75% to 7.70%, which is one of the best rates in the market. The new rates are effective from 11 Aug, 2021.

Why should I opt for balance transfer to LT Housing Finance?

LT Housing Finance offers lowest Home Loan EMI of ₹ 713 per lakh availed at the lowest interest rate 7.70% for a maximum tenure of 30 years. If you are paying an EMI more than ₹ 713 per lakh, you should consider the option for a loan transfer to L & T Housing Finance from your existing bank. Current L & T Housing Finance balance transfer rate is 6.50%.

Can LT Housing Finance housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with L & T Housing Finance to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can L & T Housing Finance revise the home loan interest rates for their existing customers?

Yes, L & T Housing Finance offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does L & T Housing Finance offer a concessional home loan interest rate for women?

Yes, L & T Housing Finance offers special home loan interest rates for women. As against L & T Housing Finance home loan rates for male which is 7.70%, the home loan interest rate for women starts at %.

What is the L & T Housing Finance home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, L & T Housing Finance provides home loan interest rate starting at 7.70%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

At what interest rate does an L & T Housing Finance employee get a home loan?

L & T Housing Finance offers concessional home loan rates of about 1% than the current home loan rates to L & T Housing Finance employees.

Is LT Housing Finance home loan a floating rate loan or fixed-rate loan?

L & T Housing Finance home loan is offered at both fixed and floating rates. In the case of the fixed-rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the L & T Housing Finance home loan rate today ?

L & T Housing Finance home loan rate today is in the range of 7.70% to 8.45%.The bank also charges a processing fee of upto Upto 2.00%, Minimum ₹ 4,999 of the home loan amount.

How much interest does L & T Housing Finance take on home loans?

The rate of interest on L & T Housing Finance home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, L & T Housing Finance home loan current interest rate 2021 are in the range of 7.70% to 8.45%.


LT Housing Finance Home Loan Reviews 4/5  by 1 customers
MyLoanCare Service
4/5.0
Banks Service
4/5.0
Pallavi Wadhwan, Bangalore
Reviewed on 01st Mar 2018
4 / 5 stars
LT Housing Finance Home Loan Availed in Dec-18

My loan disbursal took 2 months. Otheriwse the services were fine. They need to speed up their disbuRead more...

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L & T Housing Finance Home Loan News - Jan 2022
  • 2018-02-19 : IFC to invest up to $75m in L&T Housing Finance
    International Finance Corp has recently proposed to invest up to $75 million in L&T Housing Finance Ltd. The proceeds will be used to finance developers of affordable housing as per the the Pradhan Mantri Awas Yojna.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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