Among various others, housing is one of the primary and essential need of every human being. However, with the rise in population and standard of living, the demand for shelter continues to grow each day. However, when it comes to the population, the upper middle and high segments of the society have no shortage of options when it comes to availing housing finance. It is the middle income and self-employed segments of the society whose needs for housing and housing finance are not met adequately. To help these individuals realize their dream of having a house of their own, Aptus Value Housing Finance India Ltd. offers a multitude of options. Registered and certified under the National Housing Bank, this is a housing finance company which operates with the primary objective of catering to the needs of self-employed segment of customers who belong to the middle income group, residing mainly in semi-urban and rural areas. Aptus housing finance holds a trusted presence in 4 states across India and operates with the help of 55 branches.
For it home loan customers, Aptus has adopted a transparent process to fix the rate of interest. Customers an choose between a fixed and floating option for the interest rate that is chargeable on their home loan, which is based on the Aptus Base Rate. When it comes to interest rate, two points must be noted:
|Category of Customers||Base Rate||Rate of Interest|
|Other Customers||13.15%||14.5% - 15.50%||14.5% - 16%|
If you wish to find out the monthly cost of your home loan, you can do so easily with the help of the EMI Calculator that has been provided on the Aptus India website. To make use of this tool, you will need to input information like the amount of loan you require to take, the tenure of repayment that is comfortable for you and the rate of interest that is applicable on your chosen loan. Having input that information, the tool will immediately display the amount of EMI or monthly installment which you are required to pay for your home loan.
Q. Is there any processing fee applicable on these home loans?
A. Yes, Aptus charges its home loan customers with a very nominal loan processing fee. A processing fee charged at the rate of 2@ of the disbursed loan amount shall be charged, in 2 stages.
Q. Is there any charge levied if the loan is transferred?
A. Yes, customers will be required to pay a charge of 3% on the remaining loan amount, if they have taken a loan with fixed interest rate.
Q. What are the other charges associated with this loan?
A. Other charges associated with this loan include :