It is the time to get a wholesome treat to make your dream home come true with home loans. With these home loans, save on tax and buy the home you have always dreamt of. With the initiative to make home loans easy and affordable for everyone, Aditya Birla Housing Finance brings the best home loan interest for the customers.
Aditya Birla Housing Finance is a registered Housing Finance Company. The customers can avail of the loan at a floating Aditya Birla Home Loan interest rate that starts from 9.00% per annum. Aditya Birla Home Loan is for salaried as well as self-employed individuals.
Aditya Birla is among the best private banks in India that offers Aditya Birla Housing Finance to customers with few benefits. Housing finance has some features and benefits that you should know before availing the loan:
Aditya Birla provides housing loans to both salaried and self-employed individuals. Hence, in order to avail of the home loan, both salaried and applicants who are self-employed need to submit a few documents to the bank. Below-mentioned documents are required to submit to the bank:
Aditya Birla Housing Finance is for multiple purposes. Each home loan has its own eligibility. Here are the common eligibility criteria mentioned for applicants to avail themselves the Aditya Birla Home Finance:
There are two ways to apply for Aditya Birla Home Loan:
All you need to do is download the application for a home loan through the Housing Finance Company’s website. Then submit it to the nearest Aditya Birla Bank with the set of required documents.
If you do not wish to go for the offline mode, you can simply visit their website for a home loan. All you need to do is provide the details and documents asked by the bank and attach them with the online application form. After that, Aditya Birla loan officers will provide you the guidance.
As an applicant, you should always pre-check all the factors of Aditya Birla Home Loan. It includes credit score, eligibility, and choosing your dream home.
Below mentioned are the steps to proceed with the Aditya Birla Housing Finance:
Then the next step is collecting the documents asked by the bank. Assimilate these documents and get ready to apply for the home loan. These documents include salary slips, address and identity proofs, bank statements, IT returns documents, etc.
After assimilating the documents, get ready to file the application either through the online portal of Aditya Birla bank or by visiting the bank.
Based on the documents you submitted and requirements, Aditya Birla Bank will sanction a letter that will include the details of the loan, EMI, tenure, as well as interest rates. If you think that the terms are acceptable, you can accept the sanction letter and send it back. If you do not think that they are acceptable, do not accept the sanction letter.
After you accept the sanction letter, you will receive the whole loan amount from Aditya Birla Bank through cheque.
The Aditya Birla Housing Finance rate of interest currently starts from 9.00% per annum. The Aditya Birla home loan interest rate is linked to ARR/ABHFL Reference Rate. Any changes in ARR can lead to changes in Aditya Birla Home Loan Interest Rates.
Aditya Birla Home Loan Applicant |
For The Salaried | For The Self-Employed |
Interest Rates | From 9.00 % to 9.75 % per annum. | From 9.00 % to 12.50 % per annum. |
Home Loan Scheme | Features |
Aditya Birla Home Loan |
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Aditya Birla Home Improvement Loan |
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Aditya Birla Home Extension Loan |
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Aditya Birla Home Construction Loan |
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Aditya Birla Plot & Home Construction Loan |
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Aditya Birla PMAY CLSS | Home Loan under Pradhan Mantri Awas Yojana (PMAY) based on Credit Linked Subsidy Scheme (CLSS). |
With the Aditya Birla Housing Finance EMI calculation, you can get the estimated amount of the home loan interest rate Aditya Birla that you need to pay to the bank. The result mentioned in the table is computed on the basis of major Aditya Birla Home Loan factors, such as home loan amount, tenure, and eligibility.
Loan Amount | Interest Rate | 15 Years | 20 Years | 30 Years |
Rs. 30 Lakhs | 9.00% Per Annum | Rs. 30,428 | Rs. 26,992 | Rs. 24,139 |
Rs. 60 Lakhs | 9.50% Per Annum | Rs. 62,653 | Rs. 55,928 | Rs. 50,451 |
Rs. 90 Lakhs | 9.75% Per Annum | Rs. 95,343 | Rs. 85,367 | Rs. 77,324 |
Rs. 1 Crores | 10.00% Per Annum | Rs. 1,07,461 | Rs. 96,502 | Rs. 87,757 |
Specifications | Charges |
Processing Fees | Up until 2% of the loan amount |
Payment In Part/Charges For Pre-Closure (it is applicable for individuals / non-individuals included other than the floating rates) |
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Interest Rate for Default Penal/ Non Conformance with any of the covenants | 24% per annum or 2% per month |
Charges for Cheque Returns/ Charges for NACH Failure | Rs. 750 for each instance |
CERSAI Charges |
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Charge for Overdue | 2% per month on the overdue loan payment |
Revision of Floating Rate to Fixed Rate and Vice Versa/ Loan Interest Rate Revision/ Tenure at Discretion of ABHFL | 2% from the loan outstanding |
For more information, answers to your questions, or any query, you can contact the bank on the toll-free number 1800 270 7000. You can also mail your queries or questions to [email protected]. You can also send an SMS by typing ‘House‘ to 567679
Aditya Birla Housing Loan can be availed by the applicants at affordable interest rates that start from 9.00% per annum to 12.50% per annum along with 1% of the amount for processing charges.
Aditya Birla offers home loans at an interest rate starting from 9.00% per annum to 12.50% per annum.
Few benefits of Aditya Birla Bank Home Loan are:
Yes, Aditya Birla banks provide home loans with a fixed rate of interest. The bank also has floating and variable rates of interest on its home loan schemes.
The list of documents required by Aditya Birla bank for a home loan are:
You can apply for an Aditya Birla home loan by visiting their website and filling the home loan application form with the set of required documents.
You can call on the number 1800-270-7000, which is dedicated to home loans status tracking. Keep the information handy as you will need to provide it to the representative on the call.
You can also visit the Aditya Birla bank branch and meet the designated officer for the query.
The credit score and credit health is an important factor in Aditya Birla Home Loans. The higher your credit score, the higher will be the chances of your application getting accepted by the bank.
There is no minimum loan amount that is set by the bank. The lower loan amount is subject to change as per the guidelines and changes in ABHFL.
The eligibility of an applicant is decided on the basis of several factors, such as age, credit score, repayment capacity, occupation, existing liabilities, total income, and the value of the property.
The applicant can get a top-up loan only on a Balance Transfer home loan. The eligible loan amount of the applicant will be based upon their credit profile.
Home loan borrowers can repay their home loan amount through the National Automated Clearing House (NACH).
Yes, you can get the loan without a guarantor. Aditya Birla Bank does not ask for a guarantor for their home loan schemes.