If you intend to apply for home loans by Aditya Birla Housing Finance Limited (ABHF), here are some important things to know:
| Interest Rate | Salaried: 9.00% to 9.75% p.a Self-employed: 9.00% to 12.50% p.a |
| Loan Amount | Minimum: NA, Maximum: Up to 90% of property cost |
| Processing Fees | Up to 1% |
| Penal Interest Rate | 2% per month (24% p.a.) |
| Prepayment/Foreclosure Charges | Nil for floating-rate packages 2% to 4% for fixed-rate packages |
| Max Tenure | 30 Years |
| Rate Packages Available | Floating/Fixed/Variable |
Each home loan scheme, whether it is from a bank or NBFC, comes with its own set of charges apart from processing fee. Make sure you know more about the fees and charges you’ll be expected to pay at various junctures of a home loan process.
ADHF home loan interest rates are based on a variety of factors, such as the loan amount and tenure, your credit score and repayment capacity, among other things. The standard interest rates offered by the company are as follows:
| Aditya Birla Home Loan Schemes | Applicable Interest Rate (p.a.) |
|---|---|
| Home Loans | Salaried persons: 9% to 9.75% Self-employed persons: 9% to 12.50% |
| Loan Against Property | 10.75% to 16% |
| Lease Rental Discounting | Starting from 11% |
Aditya Birla Housing Finance Limited is one of the most well-known housing finance companies in the country. It offers numerous financing options that cater to the different needs of customers. The company provides financing offers like the home extension loan, home financing loan, plot and construction loan among many others.
Some of the features and benefits of the home loans offered by Aditya Birla Housing Finance are mentioned below:
Mentioned below is the eligibility criteria for home loans provided by Aditya Birla Housing Finance:
| Property value | Financing amount |
|---|---|
| Up to Rs.30 lakh | 90% |
| Rs.30 lakh to Rs.75 lakh | 80% |
| Over Rs.75 lakh | 75% |
The documents required for salaried individuals are mentioned below:
| Proof of identity and address |
|
| Proof of income |
|
| Bank statement | Latest 6 months bank statement |
| Proof of other income | Receipts or documents of income. For e.g. Rental receipts |
| Property documents | A copy of title documents and approved sanction plan |
The documents required for self-employed individuals are mentioned below:
| Proof of identity and address |
|
| Proof of income |
|
| Bank statement | Latest 6 months |
| Proof of other income | Receipts or documents of income like rental receipts |
| Property documents | A copy of title documents and approved sanction plan |
The different home loans offered by Aditya Birla Housing Finance are mentioned below:
Before applying for a loan, you can easily check the EMI you will be required to pay through Aditya Birla’s EMI calculator. Follow the steps mentioned below to access the calculator:
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