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Home Loan in Ahmedabad

Looking for a Home Loan in Ahmedabad? Whether you're planning to buy your first home, invest in a property, or build your dream house, our Home Loans provide the financial backing you need. Ahmedabad, known for its rapid development and cultural richness, offers several opportunities for homebuyers to secure competitive loan options. With flexible repayment tenures, attractive interest rates and minimal documentation, our Home Loan in Ahmedabad is designed to meet your unique financial needs.

Quick Disbursement of Home Loans in Ahmedabad

L&T Finance prioritises quick disbursement of Home Loans in Ahmedabad. Our streamlined process ensures swift approvals and disbursals, minimising wait times. With simplified documentation and efficient verification, we aim to make your home buying journey hassle-free. Our customer-centric approach focuses on quick processing, speedy approval and disbursement.

Key Features of Home Loan in Ahmedabad

1. Loan Amount Range

You can avail of a loan amount of up to ₹ 10 Crore.

2. Competitive Interest Rates

Our Home Loan interest rates start as low as 8.65%.

3. Flexible Repayment Options

Customisable tenure ranging from 3 years to 30 years.

4. Minimal Documentation

Our Home Loan requires minimal documents like ID, income and address proof.

5. Tax Benefits

Avail of tax benefits under Sections 80C and 24(b) of the Income Tax Act.

6. Fast Approvals and Disbursements

Quick processing and disbursal allowing quick property purchase.

Home Loan Fees & Charges in Ahmedabad

List of all fees and charges for Home Loan

TypeInterest Rate and Charges
Processing Fees / Documentation Charges:Up to 3% of sanctioned amount + applicable taxes (this is inclusive of Login Fee)
Login Fees:Up to ₹ 5000 (inclusive of applicable taxes)(non refundable)
EMI Dishonour/Bounce Charge*As shown in the table below
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
 
Loan sanction amount (in INR)Charges in (in INR)
< ₹ 5 Lakh₹ 500
₹ 5 Lakh – ₹ 50 Lakh₹ 1000
> ₹ 50 Lakh – ₹ 2 Crore₹ 1500
> ₹ 2 Crore₹ 2000
Penal Charge/Late Payment Charges (LPC):2% per month on overdue EMI + applicable taxes
*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
*Taxes applicable on LPC w.e.f. 1st Apr 2024
Annual Maintenance Charges:NA
Duplicate NOC Charges:First 3 paper copies - free of cost
₹ 250/- + applicable taxes
Repayment Swap Charges (per swap):₹ 500/- + applicable taxes (applicable only for branch walk-ins)
Charges for documents:Nil for Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome Kit
Valuation Charges:As per actuals
Documentation Charges:As per actuals
Cash Pickup Charges:Nil
Interest Rate Conversion Charges:Up to 0.5% on Balance Loan Amt + applicable taxes (or) Minimum ₹ 10,000/– whichever is higher
List of documents:₹ 300/ – +applicable taxes
Providing Photo copies:₹ 500/ – +applicable taxes of the documents (property & others)
Charges incurred by LTF for initiating action under
Securitization and Reconstruction of Financial Assets and Enforcement
of Security Interest (SARFAESI) Act 2002:
Issue of Loan Recall Notice = ₹ 500/ –
Issue of Demand Notice = ₹ 1,000/ –
Issue of Possession Notice = ₹ 2,000/ –
Applying District Magistrate Order = ₹ 8,000/ –
Taking Physical possession = ₹ 20,000/ –
Actual cost incurred will be debited for expenses pertaining to
Publication of Possession Notice/ Publication Demand
Notice/Publication of Sale cum Auction Notice
Legal / Recovery Charges (Other than pertaining to SARFAESI):As per actuals
Loan Cancellation Charges:₹ 5000/ – + applicable taxes
Foreclosure / Full Prepayment Charges:For Individual / Non-Individual Borrowers –
Floating Rate – Nil Charge
Fixed Interest Rate –
i. Less than 1 year from disbursement – up to 3% on principal outstanding + applicable taxes
ii.Post 1 year of disbursement – up to 2% on principal outstanding + applicable taxes
Foreclosure / Full Prepayment Charges – Home Loan:Fixed Interest Rate –
i. Less than 1 year from disbursement – up to 3% on principal outstanding + applicable taxes
ii. Post 1 year of disbursement – up to 2% on principal outstanding + applicable taxes
Pre-payment Charges – Home Loan:For Individual / Non-Individual Borrowers –
Floating Rate – Nil Charge
Fixed Interest Rate –
i. Less than 1 year from disbursement – up to 3% on Partial Prepayment amount + applicable taxes
ii. Post 1 year of disbursement – up to 2% on Partial / Prepayment amount + applicable taxes
Switch Charges:Up to 1% on principal outstanding loan amount + applicable taxes (or) minimum Rs.10,000/– whichever is higher
Non-Compliance Charges:Up to 1% p.a. of principal outstanding loan amount + applicable taxes

*Terms & Conditions Apply. All actual charges will be as per Key Fact Statement (KFS) shared by the company.

Eligibility Criteria for Home Loan in Ahmedabad
TypeCriteria
ResidencyIndian resident or NRI
AgeSalaried: 23 years to 70 years
Self-employed: 25 years to 70 years
ProfessionSalaried / self-employed professionals and non-professionals
OtherCan be increased by adding co-applicant income or other
verifiable income sources
Documents Required for a Home Loan in Ahmedabad
Document TypeRequired Document & Checks
Age ProofAadhaar Card | PAN Card | Passport
Address ProofAadhar Card | Passport | Voter ID | Utility Bill | Driving License
Photo ID ProofAadhaar Card | PAN Card | Passport |Voter ID
Income ProofIncome proofs vary for different professionals across salaried
and self employed.

Please find the easy detailed list of required documents here

TypeDocument
SalariedSalary slips for the last 3 months
Bank statements for 1 year
Latest Form 16
Self Employed: ProfessionalsLatest two ITRs (personal and business) with computation of income
Advance tax challans (if available)
Latest two years of P&L accounts and balance sheets (with schedules),
certified by a CA(both personal and business)
Bank account statements (current and savings accounts) for the last 1 year
Qualification Proof of professionals
Self Employed: Non-ProfessionalsLatest 2 years ITRs with computation for individual applicants and
co-applicants (if borrower is an individual)
Bank account statements (current and savings accounts) for the last 1 year
Latest 2 years of audited/CA-certified profit & loss
accounts and balance sheets of the firm/company (if borrower is a firm/company)
Proof of Business (GST / Shop Establishment/Udayam Aadhar, etc.)
MOA & AOA & Certificate of Incorporation
For Partnership Firm-Partnership Deed

Other documents to be provided as required for disbursement of Loan

How to Apply for a Home Loan in Ahmedabad

Apply for Home Loan with these steps

1. Submit Personal and Income Details

Get your eligibility assessed in just 5 minutes* with your personal and income details.

2. Provide Property details

Submit your property details in order to get the digitised sanction on your Home Loan without any delay

3. Get your final offer

Receive your sanction letter which includes the interest rate, tenure and your loan amount details.

4. Finish Your eKYC Process

Complete your electronic Know Your Customer (eKYC) verification by providing necessary documents.

5. Authorise Your Mandate and Get Your Loan Approved

Complete the eMandate process to secure official approval for your loan and proceed with disbursement.

FAQs & Support

View all

Are there any tax benefits on a Home Loan in Ahmedabad?

Yes, borrowers can claim tax benefits under Section 80C for the principal repayment and under Section 24(b) for interest payments, subject to income tax rules.

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

Yes, L&T Finance offers loans for under-construction properties.

How can I apply for a Home Loan in Ahmedabad?

You can apply for a Home Loan in Ahmedabad online through our website or by using the PLANET app.

What documents are required for a Home Loan in Ahmedabad?

Documents required include ID proof, address proof and income proof.

What is the maximum tenure for a Home Loan in Ahmedabad?

The maximum loan tenure ranges from 3 to 30 years.

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