Faqs - L&T Finance

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What is the eligibility criteria for applying for a Home Loan in Chennai?

The eligibility requirement for a Home Loan with L&T Finance includes that the applicants are aged 23–70 Years (salaried) or 25–70 Years (self-employed), Indian resident or NRI status.

What is the current interest rate for a Home Loan in Chennai?

Interest rates for Home Loan in Chennai start from 8.70%* p.a.

Can I get a Home Loan in Chennai for an under-construction property?

Yes, our Plot Plus Construction and Self-Construction Home Loans finance both land acquisition and construction costs.

What documents are required for a Home Loan in Chennai?

Age proof, address proof, photo ID, and income proof are required to apply for a Home Loan with L&T Finance.

How long does it take to process a Home Loan in Chennai?

With our digitised process, loan sanction and disbursals are quick.

Is there a prepayment or foreclosure charge on the Home Loan?

Floating Rate Home Loans have no prepayment charges. For Fixed Rate Home Loans, you'll pay 3% if you prepay within 1 year and 2% if after 1 year, on the remaining loan amount.

What is the maximum tenure available for a Home Loan in Chennai?

The maximum tenure available for a Home Loan in Surat is 30 years with L&T Finance.

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