Faqs - L&T Finance

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

Applicants must be Indian residents or NRIs, aged between 23 to 70 Years, with stable income and valid documents.

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

Home Loan interest rates start from 8.70%* per annum and vary based on applicant profile and loan type.

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

Yes, L&T Finance offers Home Loans for both completed and under-construction residential properties.

What documents are required for a Home Loan in Lucknow?

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 Lucknow?

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 Lucknow?

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

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

Home Loans from L&T Finance offer flexible tenure from 3 Years up to 30 Years*.

What are the different Home Loan options available in Lucknow?

Options include loans for apartments, plot plus construction, self-construction, and home improvement.

What is the minimum income needed for a Home Loan in Lucknow?

There is no fixed amount. Eligibility is based on income proof, loan amount, and repayment capacity.

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