Aditya Birla Housing Finance Home Loan
Aditya Birla Housing Finance Home Loans starting at just 8.60% p.a.
Aditya Birla Housing Finance understands that owning a home is one of life’s most significant aspirations. Their home loan solutions are crafted to Read More...
Aditya Birla Housing Finance Home Loan Highlights
| Loan Amount | upto 5 cr |
|---|---|
| Tenure | Upto 30 years |
| Rate of Interest | 8.6% onward |
| Processing Fee | Upto 1% of the loan amount |
| Max Tenure | 30 years |
| Foreclosure Charges | Nil |
Aditya Birla Housing Finance Home Loans Comparison Table
Compare Aditya Birla Housing Finance Home loan interest rates with other lenders to find the best deal. See how Aditya Birla Housing Finance competitive rates stack up in our comprehensive comparison table.
| Name of Lender | Amount Up to | Interest Rate | Tenure |
|---|---|---|---|
| Axis Bank | ₹10 cr | 8.75% Onwards | Up to 20 years |
Aditya Birla Housing Finance Home Loan EMI calculator
Enter the loan amount, interest rate, and loan tenure into the Aditya Birla Housing Finance home loan EMI calculator below to determine your monthly EMI and the total interest due over the loan period.
EMI: ₹63,337.89
Total interest: ₹26,00,546.8
Total principal: ₹50,00,000
Aditya Birla Housing Finance Home Loans Eligibility
Check Your Eligibility for Aditya Birla Housing Finance Home Loan
Eligibility
Home Construction Loan
Home Extension Loan
Loan Against Property
Eligibility
Age CriteriaMinimum Age of Applicant: 21 years
Maximum Age of Applicant at Loan Maturity:
- Salaried Individuals: 60 years
- Self-Employed Individuals: 70 years
- For Loans up to ₹30 Lakhs: 90% of the property's cost
- For Loans above ₹30 Lakhs and up to ₹75 Lakhs: 80% of the property's cost
- For Loans above ₹75 Lakhs: 75% of the property's cost
Aditya Birla Housing Finance Home Loan Processing Fees and Charges
Aditya Birla Housing Finance Home Loan Processing Fees
Aditya Birla Housing Finance Home Loan Prepayment charges
Home Loans:Up-to 1% of the loan amount
Other Loans: Up-to 2% of the loan amount
How to Apply for Aditya Birla Housing Finance Home Loan?
Prospective borrowers interested in an Aditya Birla Housing Finance home loan have the option to apply online either through the official website, as outlined below:
Apply here
Via the Aditya Birla Housing Finance Official Website
- Visit the Aditya Birla Housing Finance Home Loan official website.
- Click on Apply now
- Enter the necessary details to determine the eligible loan amount.
- Complete the required information on right side and tap "Submit".
Documents Required for Aditya Birla Housing Finance Home Loan
Following is the list of documents required for different categories of customers
Aditya Birla Housing Finance Home Loan list of documents for Salaried
Aditya Birla Housing Finance Home Loan list of documents for Self-employed professionals
Aditya Birla Housing Finance Home Loan list of documents for Self-employed
Aditya Birla Housing Finance Home Loan list of documents for Farmers
Aditya Birla Housing Finance Home Loan list of documents for NRIs
Aditya Birla Housing Finance Home Loan list of documents for Salaried
- Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
- Income proof, such as the last 3 months salary slip, the latest Form 16, and a six-month bank statement.
- A Cheque for The Processing Fee for The Loan Application.
- Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.
Property Related Documents
For New Home- Allotment letter copy/Buyer agreement
- Payment receipt made to the developer
- Title deeds including previous chain of property documents
- Agreement to sell copy
- Initial payment receipt made to the seller
- Title deed of plot
- Copy of the plan approved by Local Authorities
- No encumbrance proof on the property
- The total estimate of construction by a Civil Engineer/Architect
Aditya Birla Housing Finance Home Loan FAQ’S
Here are some of the frequently asked questions with regards to Aditya Birla Housing Finance Home Loan
What is the current interest rate for Aditya Birla Housing Finance home loans?
Aditya Birla Housing Finance offers home loans starting from 8.6% p.a., varying based on the applicant's credit profile.
How do I calculate the interest cost for my Aditya Birla Housing Finance home loan?
You can determine the interest cost using the Aditya Birla Housing Finance Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.
What factors contribute to the fluctuation of Aditya Birla Housing Finance home loan interest rates?
Aditya Birla Housing Finance adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing Aditya Birla Housing Finance home loan borrowers. Additionally, Aditya Birla Housing Finance may modify the spread over benchmark rates during special or festive home loan offers.
Who is eligible to be a co-applicant for an Aditya Birla Housing Finance Housing Loan?
Co-owners of the property must also be co-applicants for the Aditya Birla Housing Finance Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.
Can I make early payments toward my outstanding home loan amount?
Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. Aditya Birla Housing Finance does not impose prepayment charges on home loans with floating interest rates.
How can I lower my Aditya Birla Housing Finance Home Loan interest rate?
You can reduce your Aditya Birla Housing Finance Housing Loan interest rate by transitioning from a higher interest rate to a lower one. Aditya Birla Housing Finance charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.
What are the pre-closure charges for Aditya Birla Housing Finance home loans?
Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.
What is the disbursement process for Aditya Birla Housing Finance Home Loans?
After property and document verification and completion of the 'own contribution' or down payment, Aditya Birla Housing Finance sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.
Is my spouse's income considered in calculating the home loan amount?
Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to Aditya Birla Housing Finance for consideration.
What is the minimum credit score required for Aditya Birla Housing Finance Home Loan applicants?
While Aditya Birla Housing Finance doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.
Can I secure home loan approval while still deciding on a property?
Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.
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