Hello,

Guest!

Updated:

Aditya Birla Loan Against Property Details

Loan AmountRs 10 Lakh to Rs 75 Crore
Interest rate 
TenureUp to 20 years
Processing FeeUp to 3% of loan amount
*50% waiver currently
Late Payment Penalty2% per month
Prepayment

Individual borrowers: NIL

Others: 4% for payment above 25% in FY

Additional Reading: Check cibil score by pan card

Aditya Birla Loan Against Property: Features & Benefits

  • Hassle free mortgage loans against residential or commercial properties for up to 75 crore.
  • Get up to 70% of property value against residential & up to 60% against commercial properties.
  • Avail funding for extended tenure up to 20 years.
  • Lock attractive rate of interest.
  • Avail loans for diverse needs.
  • Quick & transparent processing & disbursal.
  • Opt for flexible EMI options.
  • Customised balance transfer options.
  • Low processing fee up to 2%.
  • 24 month foreclosure lock-in is applicable only to non-individual customers.
  • NIL foreclosure charge for individual borrowers.
  • For other customers, NIL pre-payment charge for payments up to 25% of outstanding loan in a FY & 4% on amount over the capping.

Aditya Birla Loan Against Property Interest Rates

Aditya Birla offers attractive rate of interest for mortgage loans against residential & commercial properties. The effective Loan Against Property Interest Rates vary according to the customer profile, location and value of property.

Follow the link for: CIBIL Check Free

Aditya Birla Loan Against Property Eligibility Criteria

  • Individual customers: Both salaried & self-employed customers can apply.
  • Non Individuals: Sole-proprietorships, partnership firms, private & public limited companies, corporates and other business units are eligible. 
  • Minimum age on application: 21 years.
  • Maximum age at loan maturity: 60 years for salaried & 70 years for self-employed.
  • Loan eligibility for up to 70% of the residential property value & up to 60% of commercial property value.

Documents Required for Aditya Birla Loan Against Property

To apply for Aditya Birla LAP you need basic documentation including KYC, Financials for last 2 Years & property documents.

KYC: Proof of Identity and Address

  • PAN card (Mandatory)
  • Any one from following:
    • Adhaar Card
    • Passport
    • Voter's ID card
    • Driving License
    • Job Card issued by NREGA

Proof of Income

  • Salaried: Last 3 months salary slips showing all deductions and Form 16
  • Self Employed: IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years
  • Last 6 months bank statement where salary or income is credited.
  • Proof of other Income such as rental receipts etc.

Property Documents

  • Copy of Title documents
  • and approved sanction plan

Also Check: CIBIL full form

Aditya Birla Loan Against Property Fees & Charges

Loan Processing /Administration FeeUp-to 2% of the loan amount
ForeclosureNIL for Individual borrowers. 

Lock in of 24 months to others.
After lock in: 4% of principal outstanding 
Part prepayment

NIL for Individual borrowers. 

Others:
NIL for up to 25% payment in a FY.

4% of excessive paid amount

Default Penal Interest Rate / Non Conformance with any covenants / stipulated conditions24 % p.a. i.e. 2% per month
ECS failureRs 1000 per instance
Accrued InterestAs applicable
cancellation4% of the loan amount
Request for Copies of any collateral held with ABHFL750/- per instance
Duplicate Statement/ Repayment Schedule / FC statement/ any other documentFC Statement: Rs. 1500
RTR: Rs 1000
Other statements: Rs. 200
Charge For Exchanging ECS/ NACH mandateRs 1000 per instance
Credit report retrieval feeRs 50 per instance for Consumer 
Rs 500/- for Commercial Credit Report
Re-scheduling2 % of the loan outstanding + Service Tax
NOC issuanceRs 1000
Swap Charges (Fixed or semi-fixed rate to floating and vice-versa at discretion of ABHFL)3% of the loan outstanding
Stamp Duty/ Legal and other statutory charges/ Insurance Premium/ Creation charge with ROCAs per actual, where applicable

How to Calculate Aditya Birla Loan Against Property Eligibility

You can instantly calculate your eligibility for Aditya Birla Mortgage loan using an online calculator. Simply share the following details:

  • Net monthly income 
  • Existing monthly obligations
  • Type of property: Residential or commercial
  • Desired Tenure (max up to 144 months)
  • Property Value

According to these details, the calculator will help you determine loan eligibility.

Additional Reading: Top Credit rating agencies in India

Aditya Birla Loan Against Property Customer Care

Call Aditya Birla Loan Against Property Customer Care at 1800 270 7000 for your queries and complaints.

You can write email at: care.finance@adityabirlacapital.com. ​​

View and improve your credit score - for free.

Know how good your score is

Get insights on how to improve it

Unlock offers as per your score

chart_15f235bf64 (1).svg

The best offers from India’s most
trusted banks

PNB-HFL.png
HDFC.png
Kotak.png
Bajaj-Finserv.png

Pre-Approved Loan Against Property @8.75% p.a 

Up to Rs. 5 Crore loan against property can be availed by Salaried and self-employed applicants online as well as offline. The LAP can be used for applied for business expansion, long term working capital, debt consolidation, equipment purchase, medical exigency, education/ marriage of children, holiday and much more. Higher loan amounts are available for select customers.

Aditya Birla Loan Against Property FAQs

Which bank is the best lender for loan against property?

image

Compare loan amount, interest rates and post disbursal benefits to choose the best lender for loan against property. For instance you can compare following details with Aditya Birla Loan Against Propery with top banks & NBFCs as below. It will help you make an informed decision.

 

Bank/NBFCInterest RateProcessing Fee
IDFC First Loan Against Property7.35% onwardsUp to 3 %
HDFC Loan Against Property8.00% to 8.95%Up to 1 %
SBI Loan Against Property8.45 % onwardsUp to 1 %
Kotak Mahindra Bank Loan Against Property9.50% onwardsUp to 1 %
Bajaj Finserv Loan Against Property8.25% to 18 % p.aUp to 6%

What is the current interest rate for loan against property?

image

Currently banks and NBFCs have high liquidity and they are offering low cost mortgage loans for personal as well as commercial needs. The rate of interest varies according to customer’s profile and value of property. The rate of interest starts at 7.5 % onwards with most lenders.

Is applying for a loan against property a good idea?

image

A loan against property is a secured loan that lets you unlock credit value of your property at an affordable interest rate & EMI options. It is certainly a good idea to avail property loan for mid to long term cash needs as the loan doesn’t disrupt your lifestyle.

What is eligibility for loan against property?

image

To be eligible for loan against property, the applicant should be a titled owner of commercial or residential property. The eligibility will be assessed according to the borrower’s repayment capacity and market value of property. Both individuals & non individuals can avail of LAPs for up to 60-80 % of property value for mortgage loan.

How to calculate EMI for Loan Against Property?

image

It is almost effortless to calculate LAP EMI using a Loan Against Property Calculator. All you need to do is share loan amount, interest rate and tenure and submit the details. The calculator will instantly share the EMI and amortization schedule. It lets you determine loan affordability & make an informed decision free of cost.

What is the rate of interest offered by Aditya Birla for LAP?

image

Aditya Birla LAP Loan Interest Rates are assed according to the customer’s credit profile & lender’s credit policy. Currently interest rate is attractive. The lender offers customised & affordable plans for diverse needs.