L&T Finance Home Loan Balance Transfer

Save on your repayment costs by opting for a home loan balance transfer offered by L&T Finance on Bajaj Markets. With interest rates starting from 8.65% p.a. and flexible tenures of up to 25 years, this option helps you manage your EMIs with ease.

You also get access to a top-up loan facility, allowing you to meet additional financial needs.

It is an online tool that helps you plan your repayments with ease. By entering a few basic details, you can instantly know how much EMI you will pay after transferring your housing loan to L&T Finance.

This ensures better financial planning and helps you compare the amount you would end up saving against your existing loan. The key components of the EMI calculator are:

• Loan Amount

• Interest Rate

• Loan Tenure

To be eligible for the L&T Finance Home Loan Balance Transfer, the following conditions are considered:

• You must have a repayment track record of at least 12 months

• You must fall under the age bracket of 23 to 62 years

• Only loans from approved financial institutions may be transferred

• The balance transfer facility is available only for residential properties

• You should have the Title document’s ownership.

Below is the list of documents generally required to complete the balance transfer process:

• Customer Undertaking: To provide original documents to L&T Finance within 20 days from the date of disbursement

• Letter of Authority: To authorise the lending institute’s representative to collect the original mortgage release letter and title documents for you, from the previous lender

• Irrevocable power of attorney (POA): In favour of the empanelled lawyer of L&T Finance

Follow these simple steps to apply for this balance transfer facility on Bajaj Markets

1. Select the ‘Check Offer’ option available on this page

2. You will be taken to the online application form

3. Pick the loan type you want to apply for, such as New Home Loan, Balance Transfer, Loan Against Property, or Property Balance Transfer

4. Choose your occupation type: Salaried or Self-Employed

5. Enter your mobile number to proceed with eligibility verification

6. Accept the terms and conditions and allow your details to be shared as required

7. Press ‘Apply Now’ to complete and submit your application

After this, a representative will reach out to you for further proceedings.

You can easily check the status of your L&T Finance Home Loan Balance Transfer application using the following methods:

• Online ‘Planet’ Portal

1. Visit the L&T Finance official website

2. Click on the ‘Login’ button, and enter your mobile number

3. Navigate to the section that shows your home loan balance transfer details and check the status

• Call Customer Care

1. Call 1800-268-0000

2. Provide your application or loan details

You would then receive updates on your application status.

• Email

1. Send an email to customercare@ltfs.com

2. Include your loan details in the email

You will get the information regarding your application status

• WhatsApp

1. Message +91 7378333451

2. Share your loan information

3. Get updates on your application status

To stay fully informed about your L&T Finance home loan balance transfer application, it’s important to not only check its current status regularly but also keep track of your detailed transaction records.

You can download your L&T Finance home loan balance transfer statement using the following methods:

1. Visit the official L&T Finance website

2. Click on the ‘Login’ button and enter your registered mobile number

3. Go to the section displaying your home loan balance transfer details

4. Select the ‘Statement’ option to view or download your statement

L&T Finance provides flexible repayment options for home loan balance transfers, allowing you to manage your loan according to your financial capacity. You can choose from the following options:

• Equated Monthly Instalments (EMI)

Repay your loan through fixed monthly instalments that cover both principal and interest. This ensures predictable payments throughout the loan tenure, making financial planning easier.

• Flexible Tenure

Select a repayment period of up to 25 years, based on your loan amount and financial capacity. A longer tenure can help reduce the EMI burden while giving you flexibility in managing finances.

• Prepayment Option

You can make partial or full prepayments on your loan at any time. This helps lower the interest cost and may shorten the overall loan tenure.

• Auto-debit Facility

Set up automatic debit from your savings or current account for EMI payments. This ensures timely repayment and eliminates the risk of missed instalments.