Aditya Birla Housing Finance Limited (ABHFL) is a housing finance company which is registered company under the National Housing Bank, conforming to the National Housing Bank Act, 1987. It offers a wide portfolio of home loan solutions to its customers as per their requirements. The products provided include home improvement loans, home loans, balance transfer and top-up loans, construction finance and loans against property. The home finance schemes offered by Aditya Birla Housing Finance enables the borrowers to fulfill their wish for a home of their own in a convenient and hassle-free manner.
At least 23 years old
Less than 60 years old
Salaried or self-employed
with regular income
Earn more than the minimum
Earn more than the minimum
Loan capped @75% of property value
EMIs of other loans lower
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan up to 30 years
Alternatively add your parents
|Interest Rate||8.55% to 8.99%|
|Loan Tenure||1 year to 30 years|
|Processing Fees||Min of Rs.5,000 (plus applicable tax), Max of Rs.10,000 (plus applicable tax)|
|Pre- Closure Charges||Nil|
|Guarantor Requirement||No Guarantor Required|
The rate of interest offered for Aditya Birla Housing Finance Home Loan currently stands at 8.55% - 8.99%. The kind of interest rate offered on the loan is a floating rate of interest and tends to fluctuate with time. For a loan of Rs.10, 00,000, a floating rate of interest of 8.55% - 8.99% and for a loan of 10 crore, a higher rate of interest will be charged.
|Rates and Charges||Specification|
|Processing Fee||Up-to 1% of the loan amount|
|Default Penal Interest Rate / Non Conformance||24% p.a. i.e. 2% per month|
|ECS failure charges||Rs. 750|
|Pre-closure charges||Rs. 1,000/-|
|Repayment Schedule / Duplicate Statement||Rs. 200/-|
|Charge For Exchanging ECS mandate||Rs. 750|
|ECS failure charges||Rs. 50/- for Individuals and Rs.500/- for Commercial CIBIL (per instance)|
If you intend to take a home loan, you should have a clear idea of the exact cost of the debt that you will have to shoulder so that you can be prepared to efficiently plan your budget and manage finances. An online home loan EMI calculator projects an accurate analysis of the affordability of your home loan scheme. It is extremely simple to use a home loan EMI calculator - you can access it anywhere, anytime. You just need to provide information such as the loan amount, rate of interest, loan term, etc. Once you have entered the necessary inputs, click on the “calculate” tab, and this will lead you to the page that displays a detailed description of the amortization details, including the monthly EMI. This online calculator can be used several times to calculate your home loan EMI details by simply altering the inputs until you get the desired outcome. The home loan EMI calculator available on BankBazaar.com provides an accurate and elucidated report on your amortization schedule based on which you can make a well-informed decision.
Loan Reschedulement charges are applicable on the sole discretion on ABHF. Currently the charge levied is 0.50% of the outstanding loan + GST.
There are no prepayment charges levied on floating rate home loans. Pre-closure of your home loan is possible only after 12 months from the date of loan disbursement for long-term loans. Part prepayments made 12 months before the end of the loan term will be levied pre-closure charges.
You can provide the following documents as proof of identity/address:
Yes. You have to provide the last 6 months’ bank statement
The balance transfer charges levied by Aditya Birla Housing Finance is 2% of the outstanding loan amount.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.