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

    Aadhar Housing offers amazing plot loan offers at attractive interest rates with higher eligibility and minimal documentation. To know more about the processing fees, other hidden charges and documentation required, read below.


    One of the best investment plans for the future is buying a site or plot of land. There is no comparison to the feeling watching your dream come true in concrete. The dream of owning a house begins with buying a plot. There are several banks and financial institutions which offer monetary assistance to buy sites or land for constructing a house.

    A collaboration of Dewan Housing Finance Ltd. (DHFL) Group and International Finance Corporation (IFC), Aadhar Housing offers loans for different housing requirements. Plot loan offered by Aadhar Housing can be used to purchase nonagricultural land that is located within the local/municipal development authority’s limits. Aadhar Housing also offers finances to construct a house on the purchased plot of land. The loan amount depends on the individual’s requirement and repayment capacity. Both salaried and self-employed individuals can apply for the land loan from Aadhar Housing.

    Features of Aadhar Housing Plot Loan:

    The Aadhar Housing site loan is filled with salient features. Some of them have been mentioned as under:

    Quantum of loan Up to Rs 2 lakh can be availed. However, the amount should not exceed 75% of the site’s cost
    Eligibility Criteria Minimum age of the applicant should be 18 and above. At the time of the loan’s maturity, he must not be above 60 years of age.
    Margin 25% of the cost of the plot
    Interest House must be constructed on the plot in two years from the day the loan was availed or possession is handed over by the Housing Development Agency

    Aadhar Housing Plot Loan Fees and Charges:

    Processing fee 2% of sanctioned loan amount + GST
    Documentation Rs 439 + GST
    Technical verification Rs 1316 + GST
    Subsequent technical verification Rs 439 (GST to be paid extra)
    Copy of property papers Rs.200 + GST for up to 20 pages. Above 20 pages extra price of Re 1 per page would be charged .
    Legal verification Rs 877 + GST


    The repayment tenure of a plot loan availed for Aadhaar Housing Finance can up to 20 years. It needs to be mentioned here that the tenure does not extend beyond the retirement age of salaried applicants i.e., 60 years and 65 years for self-employed applicants.

    Loan Amount

    As plot loan, the applicant can avail up to Rs.1 crore from Aadhaar Housing Finance Limited. It should however not exceed 70 percent of the cost of plot.

    Applicant and Co-applicant

    The plot loan from Aadhaar Housing Finance can be availed individually or jointly. The co-applicant of the loan may or may out be a co-owner of the property but should be immediate family member of the primary applicant.

    Documents Required for Aadhar Housing Land Loan:

    In order to avail site loan from Aadhar Housing, the individual will have to produce a few documents as proof. The list of documents is mentioned below:

    • Layout/site plan from the developer/concerned authority
    • Site allotment letter
    • Loan application form affixed with 2 passport size photographs
    • Salaried applicants should provide last 6 months’ payslips and latest Form 16
    • In case the applicant is self employed, then the later Income Tax Returns form has to be submitted
    • Legal scrutiny report from the financial institution’s legal department

    FAQs about Aadhar Housing Plot Loan:

    1. What is the maximum tenure offered by Aadhar Housing?

      The plot loan can be availed for a maximum of 20 years. The tenure cannot extend beyond 60 years (if the applicant is salaried) and 65 (in case of self-employed).

    2. When will I get the complete possession of the site?

      Until you repay the entire loan amount, the plot remains mortgaged to Aadhar Housing

    3. What is the maximum repayment tenure?

      The applicant choose the tenure to repay the loan, within the five years offered by Aadhar Housing, according to his convenience.

    4. How is the loan amount assessed?

      The loan amount offered to an individual is determined on the basis of his requirement and repayment capacity.

    5. Can there be a co-applicant for the plot loan?

      Yes. The co-applicant may or may not be the owner of the plot.


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    Aadhar Housing Plot 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? 89
      , 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? 52
      , 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? 52
      , 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? 37
      , 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? 22
      , 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? 48
      , 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? 33
      , 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? 30
      , 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? 53
      , 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? 102
      , indore
      Reviewed on Jan 12, 2016
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