L & T Housing Finance Home Loan Interest Rates 2021

Today LT Housing Finance home loan interest rates are in the range of 7.70% to 8.45%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 7.70%.

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 Floating	7.70% - 8.45%

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

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%

LT Housing Finance, which is one of the leading HFC in the country offers the lowest home loan rate starting at 7.70%. There has been no change in the lowest interest rate of LT Housing Finance home loan interest rate for a long time and the interest rate continues to be in the range of 7.70% to 8.20%.

LT Housing Finance offers multiple home loan schemes at affordable interest rates. However, you must do comparison between LT Housing Finance and other bank’s home loan rates before applying:-

Particulars	LT Housing Finance	SBI	HDFC
Interest Rate	7.70% - 8.45%	6.70% - 7.05%	6.75% - 8.20%
Processing Fees	Upto 2.00% Min ₹ 4,999	Upto 0.40% Min ₹ 10,000	Min ₹ 3,000
Loan Tenure	30 Years	30 Years	30 Years
Maximum Loan Amount	₹ 10 Cr	₹ 7 Cr	₹ 5 Cr
Age	25 - 65 Years	18 - 70 Years	24 - 65 Years
Benchmark Rate	PLR	RLLR	PLR
Lowest EMI Per Lakh	₹ 713 per lakh	₹ 645 per lakh	₹ 649 per lakh

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
Foreclosure Charges	Nil for floating rate home loans

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 lowest home loan balance transfer rate of 7.70%.

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

✅What is L & T Housing Finance Home Loan Interest Rate?

L & T Housing Finance Home Loan interest rate ranges between 7.70% to 8.45%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

✅Has L & T Housing Finance reduced home loan rates?

Presently, L & T Housing Finance offers personal loans at an interest rate starting at 7.70%. There has been no change in personal loan rates of L & T Housing Finance for a long time and continue to stand at 7.70%.

✅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. you are paying an EMI more than ₹ 713 per lakh, you should consider the option for a loan transfer to LT Housing Finance from your existing bank.

• Floating rate on LT Housing Finance housing loan is linked to its PLR Rate, which is currently at 17.50%. When Bank offers a Home Loan at %, it applies a discount of 17.5% to its PLR Rate to arrive at this Home Loan rate.
• When RBI increases rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

✅What is the current LT Housing Finance Home Loan rate?

The current L & T Housing Finance Home Loan rate starts from 7.70% with a processing fee of Upto 2.00%, Minimum ₹ 4,999.L & T Housing Finance housing loan rate varies across the applicant’s eligibility and the scheme they opt for. L & T Housing Finance offers different home loan rates for different home loan products.

✅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.

✅What are the interest rates of home improvement loans in L & T Housing Finance?

You can avail of L & T Housing Finance home loans for home improvement at regular home loan rates starting at 6.65%.

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

L & T Housing Finance home loan rates change for the existing customers if they have availed 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?

L & T Housing Finance home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, L & T Housing Finance provides home loan interest rate starting at 6.65%.

✅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 rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.