Faqs - L&T Finance

Topics

Can I prepay my ₹ 30 Lakh Home Loan?

Yes, prepayment is allowed with applicable charges.

How much down payment is required for a ₹ 30 Lakh Home Loan?

You should pay 10%-20% of the property value as a down payment.

Are there any tax benefits for a ₹ 30 Lakh Home Loan?

Yes, you can claim deductions under Sections 80C (for old tax regime) and 24(b) of the Income Tax Act.

What factors affect my eligibility for a ₹ 30 Lakh Home Loan?

Your income, credit score, employment type and existing debts are major factors.

How long does it take to process a ₹ 30 Lakh Home Loan?

The loan processing is quick at L&T Finance.

Can I apply for a ₹ 30 Lakh Home Loan jointly?

Yes, you can apply with a co-applicant to improve eligibility and reduce the repayment burden.

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