Faqs - L&T Finance

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What is the eligibility criteria for applying for a home loan in Rajkot?

Indian residents or NRIs aged between 23 to 70 years can apply for a Home Loan in Rajkot.

What is the current interest rate for a home loan in Rajkot?

Home Loan interest rates in Rajkot start from 8.70%* per annum at L&T Finance.

Can I get a home loan in Rajkot for an under-construction property?

Yes, Home Loans are available for under-construction properties, subject to project approvals and required documentation.

What documents are required for a home loan in Rajkot?

You need age proof, address proof, photo ID proof and income proof to apply for a Home Loan with L&T Finance.

How long does it take to process a home loan in Rajkot?

The loan can be sanctioned quickly and disbursed directly into your bank account with the fully digitised application process with L&T Finance.

Is there a prepayment or foreclosure charge on the home loan?

Yes, foreclosure and prepayment charges apply only on fixed-rate home loans—up to 3% within 1 year and up to 2% after 1 year, plus applicable taxes.

What is the minimum CIBIL score required to get a home loan in Rajkot?

A good credit score is generally preferred for better eligibility and loan terms.

What is the maximum tenure available for a home loan in Rajkot?

You can choose a loan tenure from 3 Years to 30 Years* with L&T Finance, depending on your financial goals.

What is the minimum income needed for a home loan in Rajkot?

There is no fixed minimum income requirement, but loan approval depends on your income, co-applicant support, and repayment ability.

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