A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Aadhar Housing Finance Ltd Home Loan

    Aadhaar Housing Finance offers home loans for different socio-economic backgrounds at attractive interest rates.

    Aadhar Housing Finance is one of the leading housing finance companies. The home loans offered by this company help consumers from different income groups to buy or build a house of their own. Established in 2010, the company is operational across the country. Aadhar Housing Finance provides numerous types of home loans that meet the different requirements of the consumers.

    Features and Benefits of the Loan:

    The features and benefits of Aadhar Housing Finance home loans are mentioned below:

    • The loan can be applied for individually or jointly.
    • Applicants can avail subsidy for home loans under Pradhan Mantri Awas Yojna.
    • Customers can choose loan tenures up to 30 years.
    • The loans can be availed by private employees, 3rd and 4th grade government employees, teachers, and police employees among other.
    • Monthly salary of at least Rs.5,000 is mandatory to avail home loans from Aadhar Housing Finance.

    Who are eligible for Aadhar Housing Finance home loans?

    The eligibility criteria for Aadhar Housing Finance home loans are mentioned below:

    • Salaried employees as well as self-employed applicants can avail this loan.
    • Salaried employees must be 60 years of age or else at the end of the loan repayment period.
    • Self-employed applicants must be 70 years or less at the end of the loan repayment period.

    Documents Required for Aadhar Housing Finance Home Loans:

    Documents Required for Salaried Individuals:

    The documents required for salaried individuals are mentioned below:

    Proof of income
    • Salary slip for the last 3 months/salary certificate (If variable components like Over Time and Incentives are reflected then salary slips for the past 6 months are required)
    • Copy of all bank pass books or bank statements of the last 6 months (including front page)
    • If the employer organization is a lesser known one, company profile must be provided
    Photo ID proof (any one)
    • Aadhar card
    • PAN card
    • Passport
    • Voters ID
    • Driving license
    Residence proof (any one)
    • Passport
    • Electricity bill
    • Ration card
    • Letter from employer
    • Telephone bill
    Documents Required for Self-employed Individuals:

    The documents required for self-employed individuals are mentioned below:

    Photo ID proof
    • Aadhar card
    • PAN card
    • Passport
    • Voters ID
    • Driving license
    Residence proof (any one)
    • Passport
    • Electricity bill
    • Ration card
    • Telephone bill
    Income proof for self-employed professionals and self-employed businessmen
    • Last 3 years IT returns with computation of income attested by a CA
    • Last 3 years balance sheet including profit and loss of the firm
    • Business profile on the letter head of the firm
    • Bank statement of last 1 year
    • License of shop/establishment or VAT registration
    • Tax deduction certificate/ Form 16A
    • Copy of advance tax paid/ self-assessment tax paid Challan
    • Copy of educational qualification certificate
    • Copy of professional practice certificate

    Types of Home Loans offered by Aadhar Housing Finance:

    Aadhar Housing Finance offers various types of home loans that cater to the different needs of the customers. Mentioned below are the homes loans they offer:

    • Home loan for salaried employees: This loan is aimed at salaried employees earning more than Rs.5,000 per month. The maximum loan amount that can be availed is Rs.1 crore but not more than 80% of the property value. The maximum loan tenure is 30 years.
    • Home loan for self-employed: This plan is specifically designed for self-employed individuals who otherwise may not be eligible for home loans due to the irregularity in income. To avail this loan, the applicant must be less than 70 years of age and in the same life of business for at least 3 years. The individual must also be able to pay at least 20% of the sum required.
    • Loan for plot purchase and/or construction: This loan is made for individuals who want to purchase a land, build a home or do both. A loan of up to Rs.1 crore can be availed but the amount should not be more than 70% of the property value for plot loans and less than 80% of the property value for plot + construction loan. Additionally, the home should be constructed within the time period stipulated by NHB.
    • Home improvement loan: Home improvement or renovation can be a costly affair, Aadhar Housing Finance’s home improvement loan covers these expenses. Individuals can claim a loan of up to Rs.1 crore but not more than 100% of the estimated expenses of renovation certified by chartered engineer or 100% of expenses certified by the lender’s technical officer, whichever is lower. The loan amount is subject to a maximum of 80% of the overall market value of the property. The loan can be availed for purposes like flooring, plumbing, electrical work, plastering, etc. The maximum tenure for this loan is 20 years
    • Home extension loan: Aadhar Housing Finance’s home extension loans are made for individuals who want to build an additional room or an additional floor within their existing residential property. A maximum loan of Rs.1 crore can be availed subject to 80% of the market value of the property whichever is lower. The loan amount is subject to a maximum of 80% of the overall market value of the property. The loan amount cannot be more than 100% of the costs estimated by a chartered engineer or the lender’s technical officer. The maximum loan tenure is 20 years.

    Aadhar Housing Finance Loan EMI calculator:

    Before applying for a loan, it is important to understand whether the EMI will fit in your budget or not. Ideally, EMIs should not exceed 40% of your monthly income. A higher EMI can significantly increase your liabilities and increase the chances of defaulting. Aadhar Housing Finance offers an online EMI calculator on their official website to help customers get an estimate of the amount before purchasing the loan.

    Mentioned below are the steps you must follow to access the EMI calculator:

    • Log on to Aadhar Housing Finance’s official website at https://aadharhousing.com/
    • Go to the menu bar and click on ‘Ready Reckoner’.
    • Select ‘EMI Calculator’ from the drop down menu.
    • It will direct you to the EMI calculator page.
    • Enter details like the loan amount, interest rate, and loan tenure.
    • Click on the ‘Calculate’ button to generate the EMI amount.
    • You can click on ‘Reset’ to reset the fields and enter new information.


    1. What are the repayment periods for the home loans offered by Aadhar Housing Finance?

      Customers can choose to pay back the loans within a period of 5 years to 30 years.

    2. How to apply for an Aadhar Housing Finance Home loan?

      You can apply for this loan directly on Aadhar Housing Finance’s official website or by personally visiting their branch nearest to you.

    3. How is the loan amount calculated for salaried employees?

      The loan amount for salaried employees is calculated after determining the applicant’s needs and his/her repayment capacity based on the following factors:

      • Age
      • Educational background
      • Stability and continuity of income
      • Co-applicant’s income
      • Assets
      • Liabilities
      • Saving habits
      • Number of dependents in the family
    4. How is the loan amount calculated for self-employed individuals?

      For self-employed applicants, the loan amount is specified after taking into account the individual’s needs and his/her repayment capacity.

    5. Are there any pre-payment charges on the home loans?

      Yes, there are pre-payment charges on home loans with a fixed interest rate. 2% of the outstanding loan amount must be paid at the time of pre-payment. However, there are no such charges if it is a home loan with a variable rate of interest.


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    Aadhar Housing Finance Ltd. Home Loan Reviews

    • review
      "Average Service"
      0.5 2.0/5 "Expected more"
      I have take home loan directly through Aadhar Housing Finance Ltd. The rate of interest and the processing fee was high .They have taken 1.5 lakhs for insurance from me and told the rate of interest was 11% and later it was 14% which am not happy .The information should be appropriate this is my suggestion.
      Was this review helpful? 70
      , mumbai
      Reviewed on Feb 10, 2020
    • review
      "Need overall improvement"
      0.5 2.0/5 "Expected more"
      Recently I availed home loan from Aadhar Home finance, they charged 11% of interest for the principal of Rs. 22 lakhs for the loan period of 20 years. I asked for negotiation but my property belongs to gram panchat area so I didn't best offers. The customer support is also average its not fine.
      Was this review helpful? 43
      , mumbai
      Reviewed on Sep 10, 2019
    • review
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have been holding my housing finance with Aadhar housing finance for an while, the loan amount they have given to me was sufficient, the rate of interest they said while applying they will be giving up to 11% but after giving loan and taking processing fee up to 2000 they said they will be charging up to 11.75% and they said after 6 months they will give subsidiary yojana but it has been 8 months nothing i got.
      Was this review helpful? 48
      , aurangabad
      Reviewed on Jul 10, 2019
    • review
      0.5 5.0/5 "Blown Away!"
      I am using the home loan from last 3 years with AADHAR HOUSING FINANCE LTD the documentation process was quick and the loan amount got was quick. The loan amount given with the bank was good, the rate of interest was 7% approx. The duration for repaying the loan is for 10 years.
      Was this review helpful? 23
      , ahmedabad
      Reviewed on Jun 22, 2019
    • review
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my housing loan with Aadhar housing finance , the loan amount which they have given to me was good, it was sufficient for me, the rate of interest they have charged me was nominal, i got loan with less documentation, So far i did not face any issue in getting loan.
      Was this review helpful? 17
      , kanpur
      Reviewed on Jun 14, 2019
    • review
      "Need improvement on the service and charges to be reduced"
      0.5 1.0/5 "Really Bad"
      I have processed a home loan in Aadhar Housing Finance but am not satisfied with the services. The loan tenure is 15 years and its still under progress, have not paid the EMI yet. The documentation process was lengthy. They are charging very higher interest rate which they need to decrease. I have purchased a residential property.
      Was this review helpful? 33
      , chennai
      Reviewed on May 06, 2019
    • review
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      I availed housing loan from Aadhaar housing finance, the process was very good. Within 5 days the housing loan got sanctioned and I got the money in one shot. But the interest rate is higher around 15% for the duration of 10 years for the amount of Rs. 8 lakhs.
      Was this review helpful? 20
      , chennai
      Reviewed on Apr 08, 2019
    • review
      "Worst finance company for the home loan"
      0.5 0.5/5 "Unacceptable"
      Aadhaar housing finance is the worst company for a home loan. They have not sanctioned our home loan but taken processing fees. They are lying that your home loan in the process from the last 8 months. We provided all the required documents to them even they not sanctioned our home loan. We are really frustrated by applying for a home loan at Aadhaar housing finance.
      Was this review helpful? 40
      , pune
      Reviewed on Mar 13, 2019
    • review
      "Good service"
      0.5 3.0/5 "Satisfactory"
      It was a good experience i had with their services and the process in getting this loan has been simple. The loan amount whcih they had provided has been sufficient but the interest rate with them has been quite high. There has not been any sort of charges which they had been made.
      Was this review helpful? 30
      , jaipur
      Reviewed on Nov 27, 2018
    • review
      "Rate of Interest is high"
      0.5 3.0/5 "Satisfactory"
      I took this second Home Loan with Aadhar Finance, and the experience with it has been okay. They gave Rs.8.18 Lakhs and their process of getting the Loan was smooth. They are charging a Interest Rate of 13.99% which I feel is quite high. The overall experience has been alright.
      Was this review helpful? 31
      , junagadh
      Reviewed on Dec 07, 2017
    • review
      "Not Impressed"
      0.5 2.0/5 "Expected more"
      I am not that much impressed with this Banks procedure and specially their Rate of Interest. I was offered a 13.25% for a Housing Loan, which would compound to something really huge. They have the option of changing the Bank, which I believe will be my way out of this Financiers.
      Was this review helpful? 32
      , jabalpur
      Reviewed on Oct 17, 2017
    • review
      "IT WAS OK ."
      0.5 4.0/5 "Great!"
      The experience i had with the Adhara housing finance was OK . i applied for the loan and the finance guys called me saying that i will be getting a rate of interest of 11% and processing fee of 3% as i was in a serious urgency so i had no other option rather than taking the loan through then and with in 20 days it also got approved .
      Was this review helpful? 29
      , mumbai
      Reviewed on Sep 21, 2017
    • review
      0.5 1.0/5 "Really Bad"
      Communication part was not good with the AADHAR HOUSING on my home loan like that did not stick to their commitments When I was inquiring with them about the loan process, they quoted some high rate of interest was 14% later after sighing all the documents I receive letter in that it is mention that it is 16% even they don't provide the statement, all the time I have go and ask them and they say we have already mailed you.
      Was this review helpful? 50
      , lucknow
      Reviewed on Jun 11, 2017
    • review
      "Worst experience with aadhar"
      0.5 0.5/5 "Unacceptable"
      very poor service in providing statements. What ever the condition user need to visit bank to get statement. which is worst in urgency. I am really disappointed while talking to head office contacts 022-39509900 representative lady was not behaving well and no answer of my question just put down the phone in between the call twice.
      Was this review helpful? 94
      , indore
      Reviewed on Jan 12, 2016
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