Faqs - L&T Finance

Topics

What documents are required to apply for a Mortgage Loan?

You need identity proof, address proof, and income proof to apply for a Mortgage Loan in India.

How long does it take to verify Mortgage Loan documents?

Mortgage Loan document verification usually takes a few working days, depending on the accuracy of the submitted documents.

Can I apply for a Mortgage Loan without income tax returns (ITR)?

Income tax returns are generally required. However, you may provide alternate income proof for salaried applicants or low-ticket loans.

How long does it take to get a Mortgage Loan?

Once documents are submitted, a Mortgage Loan is disbursed into your account within 72 hours* of approval.

What is the maximum amount I can borrow with a Mortgage Loan?

You can borrow up to ₹ 7 Crore*, depending on your eligibility, income, and property value.

What is the current interest rate for a Mortgage Loan?

Interest rates for Mortgage Loans start from 9.40%* per annum with L&T Finance and may vary based on applicant profile and loan amount.

What is the Credit Score Required for a Mortgage Loan?

A good credit score is preferred, but some L&T Finance may consider applications with scores slightly below that, depending on other factors.

What is the repayment period for a Mortgage Loan?

The repayment period for a Mortgage Loan ranges up to 20 years*, depending on the borrower’s preference and eligibility.

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