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L&T Finance
House Extension Loan- L&T Finance

A growing family often requires additional space to ensure everyone's comfort. With our Home Extension Loans, you have the opportunity to expand your home, adding the extra room needed to meet your family's evolving needs.A loan for house extension is essential when your existing living space no longer meets the needs of your growing family. Whether you require an additional bedroom, a larger kitchen, or a dedicated workspace, this loan provides the financial support to expand your home without draining your savings. It offers a convenient way to enhance your living environment, ensuring your home grows with you. By spreading the cost over manageable EMIs, a House Extension Loan helps you create a comfortable and functional space that accommodates your evolving lifestyle and future plans.

Loan Tenure

Maximum loan tenure of up to 30 years.

Customised Loans

Tailored loan offerings based on credit.

Quick Sanction

Quick loan sanction.

Flexible Repayment

Repayment options aligned with your repayment budget.

Hassle-free Disbursement

Loans disbursed quickly.

Transparent Process

No hidden charges involved.

Paperless Journey

Entirely digital and fully paperless loan process.

emi-calculator

House Extension Loan EMI Calculator

Information

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

20,00,000
10,00,00,000

Interest rate (per annum)

%
7%
13%

Loan tenure (months)

%
36 months
360 months

Estimated EMI

per month
  • 36,690
  • Interest payable

    52,41, 690

House Extension Loan Eligibility & Documents Required

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Eligibility Criteria Required for House Extension Loan

Residency:

Indian resident or NRI

Age:

Salaried: 23 years to 70 years
Self-employed: 25 years to 70 years

Profession:

Salaried / self-employed professionals and non-professionals

Other:

Can be increased by adding co-applicant income or other verifiable income sources

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List of Documents required for Home Extension Loan

Age Proof

Aadhaar Card | PAN Card | Passport

Address Proof

Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc

Photo ID Proof

PAN and any one of the following- Aadhaar Card| Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address

Income Proof

Income proofs vary for different professionals across salaried, non-salaried and self-employed.

Please find the easy detailed list of required documents here

a) Salaried

i. Salary slips for the last 3 months

ii. Bank statements for 1 year

iii. Latest Form 16

b) Self Employed: Professionals

i. Latest two ITRs (personal and business) with computation of income

ii. Advance tax challans (if available)

iii. Latest two years of P&L accounts and balance sheets (with schedules), certified by a CA(both personal and business)

iv. Bank account statements (current and savings accounts) for the last 1 year

v. Qualification Proof of professionals

c) Self Employed: Non-Professionals

i.Latest 2 years ITRs with computation for individual applicants and co-applicants (if borrower is an individual)

ii. Bank account statements (current and savings accounts) for the last 1 year

iii. Latest 2 years of audited/CA-certified profit & loss accounts and balance sheets of the firm/company (if borrower is a firm/company)

iv. Proof of Business (GST / Shop Establishment/Udayam Aadhar, etc.)

v. MOA & AOA & Certificate of Incorporation

vi. For Partnership Firm-Partnership Deed

Other documents to be provided as required for disbursement of Loan

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