The details of Aditya Birla Home Loan can be outlined as:
|Loan Amount||75% to 90% of the property value|
|Rate of interest|
|Tenure||Up to 30 years|
|Lowest EMI possible||Rs. 805 Per Lakh|
|Processing fee||Up to 1% of the loan amount + GST|
The features of Aditya Birla Housing Finance Home Loans can be summarised as:
You can also Apply for 50 Lakh Home Loan
Signing up for Aditya Birla Home Finance, you will enjoy following advantages:
Additional Info: Also Check LRD Loan
To qualify for Aditya Birla Housing Finance Home Loan, meet following criteria:
Additional Info: Also check Home Loan Eligibility
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|
|Income proof for salaried|
|Income proof for self employed|
Additional Info: Also check Documents Required For Home Loan
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 Loans||Salaried: 9.00 % to 9.75% |
Self-employed: 9.00% to 12.50%
|Loan Against Property||10.75% to 16%|
|Lease Rental Discounting||11% onwards|
ABHFL Reference Rate (ARR) range from 11.00% to 16.80% w.e.f April 1, 2021.
Additional Info: Also check DDA Housing Scheme
|PROCESSING FEE||Up to 1% of the loan amount|
Floating interest Rates - NIL
Others - 2% of principal outstanding
|Penal Interest Rate||24% p.a. i.e. 2% per month|
Additional Info: Also check AnyRoR Gujarat Land Record
Aditya Birla Housing Finance Limited offers a number of home loan plans for salaried as well as self-employed individuals.
Tip: Check cibil score for home loan before applying
|Lender||Maximum Loan Amount||Maximum Tenure||Interest Rate||Processing Fee|
|Aditya Birla Home Loan||Up to 90 % of property||30 years||9.00% - 12.50%||Up to 1 % of the loan amount + GST|
|Tata Capital Home Loan||Up to 80% of property||30 years||6.90% onwards||0.50% onwards + GST|
|Bajaj Finserv||Up to 80% of property cost||30 years||6.75% onwards||Up to 6% of the loan amount+ GST|
|Kotak Mahindra Home Loan||Rs. 5 Crores||30 years||6.65%-7.20%||Up to 2%, minimum Rs.10,000|
|HDFC Ltd Home Loan||Up to 90% of property cost||30 years||6.75%-7.65%||Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes|
Additional Info: Also check Aditya Birla Capital Loan Against Property
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.
|Loan Amount (Rs)||EMI for HL @ 9% for 10 Years||for HL @9% for 20 Years|
Additional Info: Also check Aditya Birla Capital Business Loan
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:
If the response is unsatisfactory- write to:
On non-resolution of queries, write to the ABHFL CEO desk by filling the form on the official site.
You can also get Aditya Birla Personal Loan
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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.
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.
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.
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.
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.
The property for which the loan is availed of, is itself considered as the collateral for 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.
Definitely, you can repay the home loan ahead of schedule. You can refer to the terms and conditions for applicable charges.
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.
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.
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.
It is most convenient to repay home loan EMI through NACH (National Automated Clearing House).