Aditya Birla Capital Housing Finance Details

The details of Aditya Birla Home Loan can be outlined as:

Loan Amount75% to 90% of the property value
Rate of interest
  • Salaried: 9.00 % to 9.75%
  • Self-employed: 9.00% to 12.50%
TenureUp to 30 years
Lowest EMI possibleRs. 805 Per Lakh
Processing feeUp to 1% of the loan amount + GST

Aditya Birla Capital Ltd Home Loan Features

The features of Aditya Birla Housing Finance Home Loans can be summarised as:

  • Loan amount: Up to 90% of the property value
  • Aditya Birla Home Loan interest rates start from 9 % p.a. onwards.
  • Max repayment tenure: 30 years
  • Aditya Birla Housing Finance Home Loan Processing Fees is nominal. i.e. maximum up to 1 % of the loan amount. 
  • Lowest EMI possible per lakh: Rs. 805

Aditya Birla Housing Finance Home Loan Benefits

Signing up for Aditya Birla Home Finance, you will enjoy following advantages:

  • Customised Aditya Birla home loan according to your needs.
  • Instant e-approval for online applications. 
  • Affordable Aditya Birla home loans at attractive interest rates for a range of borrowers.
  • Maximum Aditya Birla Housing Finance loan tenure up to 30 Years.
  • Quick & transparent processing is assured.
  • Nil pre-payment charges for floating rate home loans. 
You can also get Aditya Birla Personal Loan

Aditya Birla Capital Home Loan Eligibility Criteria

To qualify for Aditya Birla Housing Finance Home Loan, meet following criteria:

  • The minimum age should be 21 years. The maximum age is 60 years for salaried & 70 years for self-employed borrowers.
  • Documentation include KYC, income & property proof.
  • Your existing loans and past credit history will be reviewed. 
  • For home loans up to 30 Lakhs- max funding up to 90% of property value, For 30 to 75 Lakh- max funding of 80% & for more than 75 Lakh loans, funding will be up to 75% of property value. 

Aditya Birla Housing Finance Home Loan Documents Required

The documentation for Aditya Birla Capital Home Loan include proof of identity and residence, proof of income and property etc. 

Here is the detailed list-

 Aditya Birla Home Loan List of documents
Application form
  • Duly filled & signed application form 
  • Photographs of primary applicant & co-applicants 
Age proof
  • Passport/ PAN card/ Aadhar Card
Residence proof
  • Ration card/Passport/ Telephone bill/ Driving license/ Voter ID card/ Electricity bill/ any other certificate from statutory authority
Property documents
  • Copy of title documents & approved sanction plan
Income proof for salaried
  • Last 2 years Form 16
  • Last 3-month Salary-slips
  • Last 6 months bank statement
Income proof for self employed
  • Certificate & proof of business existence 
  • Business Profile
  • Bank statement of self and business for the last 12 months
  • Last 3 years ITR (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant.

Aditya Birla Finance Home Loan Interest Rates

Currently Aditya Birla Home Loan Interest Rate range from 9.0% - 12.50% p.a. The ROI is based on floating rate basis and tends to fluctuate as per reset date. The Asset Liability Management Committee decides the interest rates from time to time and yield to be charged for each product. Besides normal interest, the company may levy an additional Rate of Interest for delay or default in making payments of any dues, as a penalty.

Home LoansSalaried: 9.00 % to 9.75% 
Self-employed: 9.00% to 12.50%
Loan Against Property10.75% to 16%
Lease Rental Discounting11% onwards

ABHFL Reference Rate (ARR) range from 11.00% to 16.80% w.e.f April 1, 2021.

Aditya Birla Housing Finance Home Loan Fees & Charges

PROCESSING FEEUp to 1% of the loan amount
PRE-CLOSURE CHARGES

Floating interest Rates - NIL

Others - 2% of principal outstanding

Penal Interest Rate24% p.a. i.e. 2% per month

Aditya Birla Housing Finance Home Loan Schemes

Aditya Birla Housing Finance Limited offers a number of home loan plans for salaried as well as self-employed individuals.

Aditya Birla Home loan (regular plan)

  • Aditya Birla Home loan for purchase or construction of a home.
  • Maximum tenure of 30 years. 
  • Minimum age to apply is 21 years. 
  • Attractive rate of interest. 
  • Fast processing & turnaround time. 
  • Floating rate of interest 
  • Nil prepayment charges

Aditya Birla Housing Finance- Home Extension Loan 

  • Home loan for extension of existing residential unit.
  • Attractive offers available with home loan balance transfer
  • Max tenure offer up to 20 years.
  • Basic home loan conditions apply.

Aditya Birla Housing Finance Home improvement loan: 

  • Home loan for repair or renovation of existing housing unit. 
  • The funds can be used for alteration, extension, maintenance, repair & replacement of structural parts.
  • Maximum tenure of 10 years.
  • Attractive offers with balance transfer.
  • Doorstep service available.
  • Other regular home loan features apply.

Aditya Birla Housing Finance Plot & Home Construction Loan

  • Home Loan to buy a residential plot and construct it within the next few years.
  • Maximum tenure up to 20 years.
  • Attractive rate of interest.
  • Doorstep service.

Aditya Birla Housing Finance Home construction loan: 

  • Loan for building or constructing a house on the plot.
  • Tenure up to 20 years.
  • Balance transfer

Aditya Birla Housing Financel Home Loan Comparison with Other Lenders

LenderMaximum Loan AmountMaximum TenureInterest RateProcessing Fee
Aditya Birla Home LoanUp to 90 % of property30 years9.00% - 12.50%Up to 1 % of the loan amount + GST 
Tata Capital Home LoanUp to 80% of property 30 years6.90% onwards0.50% onwards + GST
Bajaj FinservUp to 80% of property cost30 years6.75% onwardsUp to 6% of the loan amount+ GST
Kotak Mahindra Home LoanRs. 5 Crores30 years6.65%-7.20% Up to 2%, minimum Rs.10,000
HDFC Ltd Home LoanUp to 90% of property cost30 years6.75%-7.65%Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes

How to Calculate Aditya Birla Housing Finance Home Loan EMI?

Use Aditya Birla Home Loan EMI Calculator to evaluate tentative monthly instalment for your loan. It will help you make an informed decision. All you need to use the loan calculator is share details like loan amount, rate of interest, loan term, and the calculator will do the calculation for you. 

You will also get amortization details along the total interest payment on the loan. For your convenience, you may also use MyMoneyMantra Home Loan EMI Calculator

Aditya Birla Home Loan EMI Calculation:

 Loan Amount (Rs) EMI for HL @ 9% for 10 Yearsfor HL @9% for 20 Years
3000000                   38,003         26,992
4000000                   50,679         35,989
5000000                   63,338         44,986
6000000                   76,005         53,984

Aditya Birla Housing Finance Home Loan Customer Care

You can reach out to Aditya Birla Housing Finance Home Loan at their toll free customer care number:

1800 270 7000
(9.00 AM to 9.00 PM)

You can also drop an email at ABFL's customer care e-mail ID:

care.housingfinance@adityabirlacapital.com

If the response is unsatisfactory- write to:
grievance.housingfinance@adityabirlacapital.com

On non-resolution of queries, write to the ABHFL CEO desk by filling the form on the official site.

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Aditya Birla Home Loan FAQs

✅ How is Aditya Birla home loan better than others?

The loan application process is hassle free and disbursal is fast. An ABHFL executive from the nearest branch will also visit you in case you have any queries or issues regarding your home loan.

✅ What type of home loans does ABHFL offer?

Aditya Birla Housing Finance offers different types of home loans for varied customer needs. Some of the popular loans are: Home Loan, Home Extension Loan, Home Improvement Loan, Residential Plot Construction Loan and Home Construction Loan.

✅ What is the maximum and minimum amount sanctioned?

The upper and lower limit of the loan varies as per the eligibility of the borrower. The home loan eligibility depends on the borrower’s repayment capacity and 75-90% percentage of property value. 

✅ How do I apply for a Home Loan with Aditya Birla Finance?

You can apply for Aditya Birla Home Loan online or offline as per your choice. Applying online is more convenient and hassle free. Applying for Aditya Birla Home Loan online will just take a few minutes. Keep your documents handy and you will get the response on your application the same day. The processing will take 1-2 days after the verification of documents.

✅ Can I apply for a home loan before selecting a property?

Depending on your income, ABHFL offers advance sanction letter to borrowers. You can use the sanction letter for searching the home. The loan amount sanctioned can be approved and disbursed as you finalize the property later.

✅ What is the collateral for home loan?

The property for which the loan is availed of, is itself considered as the collateral for home loan.

✅ Do I avail a tax benefit on my home loan?

Yes, Indian residents are eligible for tax benefits on the repayment of both the principal and interest amount of home loan under section 80C & 24 of the Income Tax Act. 

✅ Is it possible to repay my loan ahead of the assigned schedule?

Definitely, you can repay the home loan ahead of schedule. You can refer to the terms and conditions for applicable charges.

✅ How often do interest rates for the home loan change?

Interest rates are reviewed from time-to-time as per the re-pricing policy. After that, a decision is taken whether to change the interest rates or not.

✅ Can I jointly apply for an ABHFL home loan with my spouse or family members? Will it affect the amount that I can borrow?

Yes, you can apply jointly with your spouse but the family members should be close like lineal ascendant or descendant of the applicant. Joint application can improve eligibility for the loan amount.

✅ How Much Home Loan Can I Get from Aditya Birla Housing Finance?

The approved home loan will be assessed as per your repayment capacity and value of property. The lender will offer 75% of property value for residential units costing above Rs 75 Lakh. For units in the range of Rs 30 Lakh to Rs 75 Lakh, the LTV will be up to Rs 80% and for affordable units up to Rs 30 Lakh the LTV will be 90% of the loan amount.

✅ What are the EMI payment methods for ABHFL Home Loan?

It is most convenient to repay home loan EMI through NACH (National Automated Clearing House).