Home
Home Loan
Lt Finance
L&T Finance Home Loan for Bank Employees

L&T Finance Home Loan for Bank Employees

Home Loan By Property
Home Loan By Profession
Home Loan By Other

L&T Finance offers home loans for bank employees, providing products that meet their specific needs. This guide explains the L&T Finance Home Loan for bank employees, highlighting its unique features, including competitive interest rates and flexible repayment options. It also details the associated fees and charges, ensuring transparency in costs. The guide lists the required documentation, such as proof of employment and income, to simplify the application process. Additionally, it outlines the eligibility criteria, helping potential borrowers understand the qualifications needed to apply. L&T Finance aims to make homeownership accessible and straightforward for bank employees.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. L&T Finance Home Loan for Bank Employees Highlights

2. L&T Finance Home Loan for Bank Employees Fees and Charges

3. L&T Finance Home Loan for Bank Employees Documents Required

4. L&T Finance Home Loan for Bank Employees Eligibility Criteria

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

L&T Finance Home Loan for Bank Employees – Highlights

L&T Finance offers a variety of features that make their home loan product for bank employees attractive and competitive:

Feature	Details
Loan Tenure	Up to 25 years.
Maximum Loan Amount	₹ 20 lakhs to ₹ 10 crores
Interest Rate Options	starts from 8.65% p.a. onwards
Lowest Down Payment	Finance up to 90% of the property’s value, reducing the initial financial burden.

L&T Finance Home Loan for Bank Employees – Fees and Charges

Understanding the associated fees and charges is crucial for financial planning. Here’s a breakdown of the costs involved:

Fee/Charge	Details
Processing Fee	Up to 3% of the sanctioned loan amount
Login Fee	Up to ₹ 5000
Penal Charge/Late Payment Charge	2% per month on the overdue amount
Foreclosure Charges	Nil for floating rate loans. For fixed-rate loans, up to 2% on the principal outstanding

L&T Finance Home Loan for Bank Employees – Documents Required

Here are the documents required to secure the L&T Finance Home Loan for Bank Employees.

Age Proof: PAN Card or Aadhar Card
Address Proof: Utility Bill, Driving License, or Registered Rent Agreement
Photo ID Proof: PAN Card or Aadhar Card
Income Proof:
- One-year bank Statement showing salary deposits
- Latest 3 Months Salary Slips

L&T Finance Home Loan for Bank Employees – Eligibility Criteria

The eligibility criteria for the L&T Finance Home Loan for Salaried Individuals are given below:

Indian Citizenship: The applicant must be a resident of India.
Age: The applicant should be at least 23 years old at the time of loan application and up to 62 years old at the time of loan maturity.
Employment: The applicant should be a salaried or self-employed professional or non-professional.
Income: The applicant’s income should meet the minimum requirements of L&T Finance.
Credit History: A clean repayment track record is required, typically for 12 to 24 months, depending on individual cases.
Loan Tenure: The maximum loan tenure for salaried employees is 20 years. Self-employed individuals are required to repay the loan within 15 years.

Frequently Asked Questions (FAQs)

Can we avail PMAY subsidy with the L&T Finance staff home loan?

You can apply for the Pradhan Mantri Awas Yojana (PMAY) subsidy with an L&T Finance home loan.

Who is eligible for an L&T Finance staff home loan?

Eligible applicants for an L&T Finance staff home loan include Indian residents aged between 23 and 62 years, employed as salaried or self-employed individuals, with a stable income and good credit history.

What are the benefits of an L&T Finance employee home loan?

The L&T Finance employee home loan offers benefits like higher loan amounts, fast disbursal, etc.

Quick Links

Loan Offers By Lt Finance's

Home Loan by Nationalized Bank

Home Loan Calculators

Bank wise Home Loan Calculators

Bank Wise Home Loan Interest Rate