Balance Transfer

LTHF assess the customer's repayment capacity based on various criteria - including income, age, qualifications, number of dependents, spouse's income, assets, liabilities, stability and continuity of occupation, savings history, etc.

In the case of part disbursement of the loan, monthly interest is payable only on the disbursed amount. This interest is called pre-EMI interest (PEMI) and is payable monthly till the final disbursement is made, after which the EMIs would commence.

To increase your eligibility you can include other sources of income (Rent, dividend, agriculture income, bonus, monthly incentive) or you can also include a co-applicant income.

There is a fixed component of login fees of Rs. 4,999, non-refundable (exclusive of service tax) along with processing fee payable: Minimum processing fee is 0.25% for Home loans Minimum processing fee is 1.00% of LAP Though this may vary from a case to case basis depending on the customer profile.

It is not possible for us to predict future interest rate movement.

Yes. You can avail of the facility of transferring your existing loan from other approved financial institutions. Also, you can take a TOP UP loan subject to a clear repayment track record of 12 months.

One should seek clarifications regarding the fees for processing the loan, prepayment charges if any, spread, i.e., the difference between the R        PLR and the rate actually charged on the loan, charges for conversion from one loan rate structure to another and the reset period clause for the floating rate loans.

Yes, you can always go ahead with this option, in which your complete EMI charge to you will be of total sanction loan. In which the Interest portion will be charged on the partly disbursed amount to you & Rest will be Principal portion

As per SFC – Schedule Fees & Charges

You may apply for the same at our nearest branch OR call our customer care.

Switching from the floating rate scheme to the fixed rate scheme and vice versa is permissible. A fixed rate loan customer can also reschedule the loan to a lower fixed interest rate. Charges for changing from fixed to floating rates of interest is as per our SFC – Schedule of Fees and Charges.

The Home loan floating rate of interest is linked to L&T finance retail prime lending rate (RPLR) .The RPLR is a benchmark rate fixed by the Competent Authority, after taking into consideration various components like cost of funds, interest rates prevailing in the market, cost of operations and provisioning requirements etc. among others. The RPLR is 18.10%. The same is subject to change from time to time.

Top Up loan is at differential rate than original loan rate. For further clarification our sales person and contact you

Top Up loan computation is subject to the customer's current credit profiling, repayment track record of the existing loan and the current valuation of the property. Kindly get in touch with our Sale Representative for further details.

In terms of Chapter XX C of the Income Tax Act, 1961, the Central Government has the first option to purchase certain immovable properties exceeding certain value and as such transactions covered by this Chapter can be proceeded with only after complying with the requirements prescribed therein

In many states in India, the Agreement for Sale between the builder and purchaser is required by law to be registered. You are advised, in your own interest to lodge the Agreement for registration within four months of the date of the Agreement at the office of the Sub-Registrar appointed by the State Government, under the Indian Registration Act, 1908.

Yes. You will have to insure the property for fire and other appropriate hazards, as required by the lender during the tenure of the loan. The lender will be the beneficiary of the insurance. You will also have to produce proof / evidence of insurance, whenever sought.

The security for the Loan is the first mortgage of the property to be financed, normally by way of deposit of title deeds and / or such other collateral security as may be necessary. Interim security may be additionally required, if the property is under construction. Collateral or interim security could be assignment to LTF of life insurance policies, the surrender value of which is at least equal to the loan amount, guarantees from sound and solvent guarantors, pledge of shares and such other investments that are acceptable to LTF. Please do ensure that the title to the property is clear, marketable and free from any encumbrance. To elaborate, there should not be any existing mortgage, loan on the property or any litigation against the property.

Home Loan customers, on Variable Rate of Interest can repay the Loan ahead of schedule by making lump sum payments or choose our Part Pre-payment Option at charges mentioned in SFC- Schedule Fee & Charges. Home Loan customers, on Fixed Rate of Interest can repay the Loan ahead of schedule by making lump sum payments or choose our Part Pre-payment Option at no extra charges provided such amount is paid through their own source of Funds. Customer (other than described above) can avail this facility by making payment of nominal charges based on our Schedule of Charges. For further details please contact our call center.

For Home Loan: If the loan amount is less than or equal to Rs 30 lacs, it is the minimum of (90% of COP (Cost of Property) or 85% of market value) and if the loan amount is greater than Rs 30 lacs, it is the minimum of (80% of COP (Cost of Property) or Market value). For Loan against Property: It is up to 80% depending on the type of property

The tenor should be a minimum of 3 years. For HL we have a tenor upto 30 years and LAP the maximum tenor would be 15 years depending on customer profile

3 Yrs in same line of business for Self employed non professional, CS, CWA, Engineer, Architects, BAMS, BHMS, BDS - 5 Yrs in same line of business.

The minimum loan amount for HL is 5 lacs and for LAP it is 10 lacs. For Balance Transfer, corresponding limits will apply.Maximum loan amount is subject to credit appraisal.

Age : 23 years and upto 62 years on loan maturity for Salaried, 25 years and upto 70 years on loan maturity for Self employed non professional and professional.

The first PEMI is payable by cheque in the month in which the disbursement is made and subsequent PEMI is payable on the 7th of every month through ECS debit till the commencement of regular EMI

We shall intimate such changes in EMI as and when there is a change. Please note that the new loan EMI would be dependent on the number of years that are remaining for your loan and your rate of interest. Please contact your home loan servicing branches for more information on the exact EMI.

Tenure change is the default option. From customer ease point of view, we understand that tenure change remains the preferred method, but wherever necessary we might change the EMI. We will intimate the customer when there is a change in the EMI.

We have direct debit instructions such as Electronic Clearing Services (ECS).There is no other option for paying EMI.ECS mandatory 

All loan repayments for fully disbursed cases are done via equated monthly installment (EMI). So EMI payments cycle is the 7th of the month.

We are committed to giving the best in class service. We will ensure the fastest turnaround time for processing the loan in 6-10 working days ensuring faster TAT. Subject to complete documentation and due diligence.

LTHF assess the customer's repayment capacity based on various criteria - including income, age, qualifications, number of dependents, spouse's income, assets, liabilities, stability and continuity of occupation, savings history, etc.