Aditya Birla Housing Finance Loan Against Property
Aditya Birla Finance loan against property can be availed for any personal or business needs. You can get a loan of up to 60% of the property value if the property is commercial and up to 70% for residential property. The loan can be availed of at an affordable interest rate starting from just 9.50% - 16.50% p.a. and a processing fee of up to 2% of the loan amount. The borrowed amount can be repaid in a tenure of up to 20 years. There are no prepayment charges for floating interest-rate loans.
Apply for Aditya Birla Loan Against Property @ 9.50% - 16.50% Interest Rates
Aditya Birla Housing Finance Loan Against Property - Features & Benefits
Following are the main features and benefits of Aditya Birla Housing Finance Loan Against Property:
| Employment type | Salaried or self-employed |
| Property type | Residential, commercial, industrial & warehouse property |
| Loan amount | Up to 60% of property value for commercial property & up to 70% for residential property |
| Rate of interest | 9.50% - 16.50% p.a. onwards for salaried/self-employed professionals & 9.25% p.a. onwards for self-employed non-professionals |
| Processing fee | Up to 2% of the loan amount |
| Tenure | Up to 20 years |
| Prepayment charges | Nil if closed after the lock-in period of 24 months, otherwise 4% of the principal outstanding amount. |
| Credit score | 650 or above and new to credit (NTC) |
| Age | Minimum 21 years |
Aditya Birla Housing Finance Loan Against Property Interest Rates
Aditya Birla loan against property interest rates depends on the loan amount, tenure, borrower’s credit score, repayment capacity, and other factors. Following are the standard interest rates offered by Aditya Birla Capital on loans against property:
| Property Type | Rate of Interest (p.a.) |
| Residential property | 9.50% - 16.50% |
| Commercial property | 9.50% - 17.5% |
| Industrial property | 10% - 12.60 % |
| Residential plot | 9% - 16.5% |
Compare Loan Against Property Interest Rates for Top Banks
Below is the comparison table of Aditya Birla's loan against property interest rates with other top lenders to help you choose the best option:
| Lender | Interest Rate (p.a.) |
| Aditya Birla Housing Finance Limites | 9.50% - 16.50% |
| HDFC Bank | 9.50% - 11% |
| IDFC First Bank | 9.25% onwards |
| HSBC Bank | 9.45% onwards |
| Kotak Mahindra Bank | 9.50% onwards |
| PNB Housing | 9.24% - 12.45% |
| State Bank of India | 10.45% - 12% |
| Federal Bank | 12.60% - 13% |
| Home First | 12.80% - 18.50% |
| Bank of India | 10.10% onwards |
| Bank of Baroda | 9.95% - 15.75% |
| IDBI Bank | 9.60% - 11.55% |
| Central Bank of India | 9.75% - 13% |
| Bank of Maharashtra | 10.95% - 11.95% |
| Jammu & Kashmir Bank | 10.95% - 11.45% |
| South Indian Bank | 13.15% - 14.05% |
| Bajaj Finserv | 9% - 12% |
| ICICI Bank | 10.85% - 12.50% |
| Canara Bank | 10.30% - 12.80% |
| TATA Capital | 9% onwards |
| UCO Bank | 10.25% - 12.00% |
| Axis Bank | 10.50% - 10.95% |
| Bajaj Housing Finance | 9.40% - 18% |
| Indian Overseas Bank | 10.40% - 11.40% |
| IndusInd Bank | 9% - 13% |
| Standard Chartered Bank | 9.50% onwards |
| Union Bank of India | 10.45% - 12.35% |
Aditya Birla Housing Finance Loan Against Property Fees and Charges
Following are the fees and charges associated with Aditya Birla loan against property:
| Type of Charge | Description |
| Processing fee | Up to 1% of the loan amount |
| Prepayment charges | 4% of the principal outstanding amount if closed within a lock-in period of 24 months |
| Part prepayment charges | Up to 4% of the part payment in access of 25% in a given financial year |
| Default penal interest rate | 12% p.a |
| Cheque return/ ECS/ SI/ NACH failure charges | Rs. 750 per instance |
| Loan cancellation charges | 4% of the sanctioned loan amount |
| Closure charges for OD/LOC | 4% of the prevailing limit at the time of closure |
| Request for copies of collateral documents held with ABFL | Rs. 2,500 per instance |
Duplicate statement/ repayment schedule/ any other document held with ABFL request
| Rs. 200 per instance |
| Duplicate FC statement request | Rs. 1,500 per instance |
| Duplicate RTR request | Rs. 1,000 per instance |
| Charge for exchanging PDCs, security cheques (per set)/ ECS/ NACH | Rs. 1,000 per instance |
| CIBIL/ credit report retrieval fee | Rs. 50 per instance for consumer & Rs. 500 for commercial CIBIL/ credit report |
| Loan rescheduling charges | 2% of the prevailing loan outstanding per instance |
| NOC issuance charges | Rs. 1,000 per instance |
| Swap/ conversion charges (fixed rate to floating & vice-versa | 3% of the prevailing loan outstanding per instance |
| Property swap charges | 3% of the prevailing loan outstanding |
| Stamp duty, legal & other statutory charges, insurance premium, creation charge with ROC | As per actual, where applicable |
Eligibility Criteria for Aditya Birla Housing Finance Loan Against Property
| Nationality | Indian citizen |
| Employment type | Salaried, self-employed professional & self-employed non-professional |
| Property type | Residential, commercial, industrial & warehouse property |
| Minimum age for applying | 21 years |
| Maximum age at loan maturity | 60 years for salaried & 70 years for self-employed |
| Credit score | 650 or above, new to credit (NTC) |
| Loan to value (LTV) | Up to 60% of the property value for commercial property & up to 70% for residential property |
Documents Required for Aditya Birla Housing Finance Loan Against Property
Documents List for Salaried Applicants
| Proof of identity & address |
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| Proof of income | Salary slip for the last 3 months showing all deductions & Form 16 |
| Bank statement showing salary | Latest 6 months |
| Proof of other income | Rental receipts/ documents showing receipt of income |
| Property documents | Copy of title documents & approved sanction plan |
Documents List for Self-employed Applicants
Proof of identity & address
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| Proof of income | Income Tax Returns/ financial documents for the last 2 years & computation of income certified by a CA for the last 2 years |
| Bank statement where income is credited | Latest 6 months |
| Proof of other income | Rental receipts/ documents showing receipt of income |
| Property documents | Copy of title documents & approved sanction plan |
FAQs
The interest rate of Aditya Birla Housing Loan Against Property starts from 9% p.a. for salaried/self-employed professionals and 9.25% p.a. onwards for self-employed non-professionals.
No, Aditya Birla Housing Finance Limited offers the maximum loan amount of up to 70% of a residential property's value and up to 60% of a commercial property’s value.
A higher credit score can help you secure a higher loan against property amount, longer repayment tenure and even lower interest rates.
Applicants with a CIBIL score of 650 or above and also new to credit (NTC) are eligible for an ABHFL loan against property.