Faqs - L&T Finance

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

Indian residents or NRIs aged 23–70 years* can apply for a Home Loan with L&T Finance. Both salaried and self-employed individuals are eligible.

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

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

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

Yes, Home Loans are available for under-construction properties based on project approvals and documentation.

What documents are required for a Home Loan in Coimbatore?

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 Coimbatore?

With a digitised process, the loan can be sanctioned quickly and disbursed directly into your bank account.

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 Coimbatore?

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

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

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 Coimbatore?

There is no fixed income limit. However, your loan eligibility depends on income, repayment capacity, and existing liabilities.

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