What is a home loan statement?

A Home Loan Statement, also known as an Amortisation Table or a Repayment Schedule, is a formal statement that is provided by the institution and specifies all of the specifics of your Home Loan. In most cases, this will include the amount of the loan that was approved and the amount that was actually paid out, the rate of interest that was agreed upon, the frequency of the EMI and the total amount of unpaid and paid instalments, respectively. 

Procedure to download L&T home loan statement

It is possible to go for the L&T finance home loan statement online download by following a straightforward procedure. Both online and offline, this activity may be completed.

• Online procedure

The following is a step-by-step explanation that will walk you through the process L&T finance home loan statement online download:

1. Check out the L&T Financial Services portal’s official page on their website.
2. To see your account statement, choose it from the menu.
3. To get a one-time password (OTP), provide the Loan Account Number (LAN).
4. Your one-time password (OTP) would be sent to the number you registered with. Putting in that OTP will allow you to log in successfully.
5. You will be able to view and download your continuing home loan statement as soon as you have successfully logged in using the instructions that were provided above.

If you are interested in downloading the loan interest certificate as well, you can follow the below procedure. 

1. Check out the L&T Financial Services portal’s official page on their website.
2. Click the Final IT Certificate or the Provisional IT Certificate option depending on your situation.
3. Input the Loan Account Number to receive a One-Time Password (OTP).
4. Your one-time password (OTP) will be sent to the number you registered with. You may log in with that OTP if you want to.
5. After you have successfully logged in, you will have access to the L&T Home Loan Interest Certificate and will be able to download it.

• Offline procedure 

Home Loan statements and interest certificates from L&T Financial Services are also available in offline form.

Visit the information desk and ask for the appropriate form for the Home Loan Statement, as well as the interest certificate and the provisional interest statement.

• Please ensure that you include all of the needed information, including the Loan Account Number, the applicant’s birth date, your Email ID, and any other contact data that may be relevant.
• Submit the form with copies of your identification documents (such as your PAN, Aadhaar card, passport, etc.).
• After following the above steps, you’ll be provided with the L&T home loan statement as well as the interest certificate if required. 

It is recommended that only the primary or joint applicant for L&T Home Loan walk into the branch to collect the required papers. Even if the claimant or co-applicant can’t make it to the branch in person, they may still send a representative in their place, provided that they have a Letter of Authorisation as well as valid photo identification.

L&T home loan statement accessibility 

The statement for the L&T Home Loan may be obtained at any time during the year. You have the option of either physically collecting it from the nearest L&T branch during regular business hours or downloading it online and following the procedures outlined above to do so. However, you won’t be able to obtain the Interest Certificate for a certain fiscal year until the beginning of the next fiscal year.

What are the benefits of using the L&T home loan statement?

L&T finance home loan statement online download intends to satisfy the following purpose, among others:

• House loan customers are able to maintain a frequent check on their housing loan operations with the assistance of the home loan statement offered by L & T Housing Finance.
• It informs borrowers of their anticipated home loan EMIs, as well as their current balance, payment history, and remaining loan term.
• In addition, these loan statements from L&T Housing Finance might be valuable even after the repayment of a specific loan has been finalised. This is due to the fact that it becomes an indicator of a person’s loan repayment capabilities and is evaluated by banks before they lend further money to individuals.
• Additionally, the amount of tax that has to be paid is detailed on the L&T home loan tax certificate. 

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