Aadhar Housing Finance


Apply Aadhar Housing Finance Home Loan

About Aadhar Housing Finance

Aadhar Housing Finance Limited, established in 2010, is one of the most affordable housing finance companies in the country. It was earlier known as DHFL Vysya Housing Finance Limited. Aadhar believes in satisfying to housing needs of every section of society, especially the lower-income groups. Aadhar Housing Finance works towards ensuring shelter for every Indian by empowering them to own their first homes.

The company has a nationwide presence with more than 300 branches situated throughout India. It has served more than 133,000 customers through these branches. The erstwhile Aadhar Housing Finance merged with HDFL Vysya Housing Finance Ltd on 20th November 2017 to form a new entity, Aadhar Housing Finance Limited. This merger gave it a pan India presence. Today, Aadhar Housing Finance caters to all segments of society with a dedicated focus on those earning between 5,000 and 50,000 per month.

Why Aadhar Housing Finance?

A significant proportion of the Indian population lives in the smaller towns and villages in India. These people comprise small businesspersons and self-employed individuals. Aadhar Housing Finance aims to cater to this section of society, consisting of people engaged in various independent ventures. They constitute barbers, carpenters, tailors, auto-rickshaw drivers, plumbers, and kirana merchants. Aadhar has loan products to serve the salaried employees like police, defence sector, municipalities, and railways and other state transport personnel. Aadhar Housing Finance is also a member lending institution under the Pradhan Mantri Awas Yojana. 

Features and Benefits of Aadhar Housing Finance

  • Aadhar Housing Finance caters to all segments of society, especially self-employed individuals
  • The maximum loan amount at Aadhar Housing Finance is 1 Crore (not more than 80% of the property's value).
  • Repayment tenure ranges from 5 to 30 years
  • Home Loans are available for salaried employees as well as self-employed individuals
  • Loans available for the purchase of plot and construction of the house
  • Home improvement/extension loans available
  • Balance Transfer facility and Top Up also available
  • Loans for purchase or construction of a non-residential property
  • Loans are also available against mortgage of residential/commercial property
  • Transparency in the approval process
  • Low processing fees and rates of interest
  • Flexible repayment options
  • Easy eligibility norms
  • Straightforward documentation procedure

Aadhar Housing Finance Interest Rate

Aadhar Housing Finance Interest rate depends on various criteria such as loan amount, tenure of the loan, purpose of the loan, and the credit rating of the borrower. As on date, the interest rate on Aadhar Housing Finance ranges between 11% and 14.5%.

Types of Home Loans Provided by Aadhar Housing Finance

Home Loans for Salaried Employees


Salaried employees such as railway employees, police/defence personnel, teachers, 3rd and 4th grade private & government employees, and other salaried individuals.


Purchase/construction of house, repairs & renovations, and other housing finance requirements.

Minimum salary eligibility

The minimum salary requirement starts from 5,000 per month

Quantum of loan

  • 80% of the cost of property subject to a maximum of 1 Crore
  • The loan amount depends on requirement and repayment capacity

Tenure of loan

The maximum Home Loan tenure is 30 years. However, it should not extend beyond the normal retirement age of the borrower or the borrower reaching the age of 60 years, whichever is earlier.


Depends on the loan amount, loan repayment tenure, and the rate of interest


  • Home Loans available in single and joint names
  • Co-applicant should be an immediate member of the family
Home Loans for Self-Employed Individuals


  • Self-employed individuals who are primarily ignored by banks and housing finance companies because of lack of proper income documents.
  • These individuals include carpenters, plumbers, painters, auto-rickshaw drivers, and others having variable income.


Purchase or construction of a house, repairs, home improvement, renovation, and other purposes that qualify for housing finance.

Quantum of loan

  • The maximum permissible loan amount is 1 Crore with a minimum margin of 20%.
  • The actual loan amount depends on the individual requirements and repaying capacity.

Tenure of loan

Maximum Home Loan tenure is 30 years


Depending on the loan amount, the applicable rate of interest, and repayment tenure.


  • Single and Joint applications allowed
  • Co-applicant should be an immediate family member
Loan for Plot Purchase or/and Construction


Salaried and self-employed individuals


  • Purchase a non-agricultural plot situated within the Municipal or Local Development Authority Limits.
  • Construction of house thereon

Quantum of loan

  • The maximum loan amount allowed is 1 Crore
  • The margin for plot loan is 30% whereas it is 20% for construction purposes
  • The amount depends on the requirement and repaying capacity of the individual.

Repayment tenure

  • Plot Loans: 20 years
  • Plot + Construction: 30 years
  • Subject to borrower attaining 60 years or retiring from service, whichever is earlier in the case of salaried employees.
  • Maximum age of the borrower at the maturity of the loan is 65 years in the case of self-employed individuals.


Depends on the loan amount, interest rate, and loan repayment tenure


Allowed, but should be an immediate member of the family

Home Improvement Loan


Salaried employees and self-employed individuals


  • Home improvement such as painting, sprucing up flooring, and other requirements that qualify as home improvement.
  • Purpose includes flooring, roofing, plumbing, electrical work, plastering, installing grills/sliding doors, construction of overhead/underground water tank.


  • The maximum loan is 1 Crore
  • The loan should not exceed 100% of the estimated cost by a certified engineer.
  • Amount restricted to 80% of the market value of the property
  • Depends on individual requirement and repaying capacity of the borrower

Loan tenure

Up to 20 years. The tenure does not extend beyond the 60 years or retirement age (70 years for self-employed individuals), whichever is earlier.


Depending on the loan amount, rate of interest, and tenure


Allowed, but co-applicant should be an immediate family member

Home Extension Loan


Salaried employees and self-employed individuals


  • Construction of additional rooms within your home
  • Construction of new floors in your house premises

Quantum of loan

  • The maximum loan amount is 1 Crore
  • Loan amount should not exceed 100% of the cost as estimated by a chartered engineer or the technical officer of Aadhar Housing Finance.
  • Subject to a maximum of 80% of the market value of the property

Loan tenure

Up to 20 years. The tenure does not extend beyond the 60 years or retirement age (70 years for self-employed individuals), whichever is earlier.


Depending on the loan amount, tenure, and repayment period


Joint applications allowed with an immediate member of the family

Balance Transfer and Top Up


Existing Home Loan borrowers of other banks and NBFCs


  • A takeover of existing Home Loan subject to satisfying eligibility norms
  • Top Up to cater to other requirements like home improvement or extension

Pradhan Mantri Awas Yojana

Aadhar Housing Finance is one of the member lending institutions authorised to provide loans under Pradhan Mantri Awas Yojana (PMAY). Eligible borrowers can get interest subsidy ranging from 2.30 Lakhs to 2.67 Lakhs.

There are four categories of borrowers in PMAY:

Category of Borrower

Annual Household Income Criteria

The Maximum Amount of Interest Subsidy

Economically Weaker Section (EWS)

Up to 3 Lakhs

2.67 Lakhs

Low Income Group (LIG)

3 Lakhs to 6 Lakhs

2.67 Lakhs

Middle Income Group - I (MIG-I)

6 Lakhs to 12 Lakhs

2.35 Lakhs

Middle Income Group-II (MIG-II)

12 Lakhs to 18 Lakhs

2.30 Lakhs

The borrower should satisfy the following conditions to be eligible for loan under PMAY:

  • The beneficiary family comprises of husband, wife, and dependent unmarried children
  • The beneficiaries should not possess a pucca house in their names anywhere in India
  • Women should be owner/co-owner of the property in case of EWS and LIG category
  • In the case of PMAY: Urban, the property should be in urban areas, as notified by the Government.

Aadhar Housing Finance Home Loan Eligibility

Both salaried and self-employed individuals/professionals are eligible for Home Loans from Aadhar Housing Finance.

The eligibility criteria are as follows:

Salaried persons

  • All salaried employees, including 3rd or 4th grade employees in Private firms or Government departments such as police, defence, municipality, and so on.
  • Minimum salary should be 5,000

Self-employed Individuals

  • All types of self-employed individuals including those who have irregular sources of income
  • This category includes professions like plumber, carpenter, electricians, masons, auto-rickshaw drivers, and other self-employed individuals, who find it a challenge to get loans from banks and housing finance companies.
  • The person should not be over 70 years of age
  • Applicant should be engaged in self-employment activity like trading or service industry
  • Minimum of three years in the same line of business
  • Applicant should be capable of bringing in a minimum of 20% of the project cost
  • The company should be registered with the appropriate authorities like GST, and so on
  • Business premises should not be on encroached land or land without a proper title
  • No deviation in construction from approved plans

 Eligible applicants can check the eligibility amount using the Loan Eligibility Calculator provided on the Aadhar Housing Finance webpage.    

 Factors that determine Home Loan eligibility

  • Repayment tenure
  • Rate of interest
  • The income of the applicant and the co-applicant
  • Educational background of the applicant/co-applicant
  • Existing loan liabilities
  • Age of the applicant
  • Employment/profession status
  • Value of the property
  • Purpose of the loan
  • Credit history of the applicant

Ways to improve Home Loan eligibility

  • If you satisfy the age criteria, you can opt for extended repayment tenure. It reduces the equated monthly instalment (EMI) amount, thereby enhancing your overall loan eligibility.
  • Bring in an eligible co-applicant having proper sources of income
  • Improve your credit history by repaying your other loans on time without any default. A better credit rating entails Home Loan at a lower rate of interest. It automatically improves your eligibility.

Aadhar Housing Finance Co-applicant

  • Aadhar Housing Finance allows Home Loan applications in joint names
  • The co-applicant need not necessarily be a co-owner of the property. However, vice versa is true.
  • The co-applicant has to be an immediate family member such as spouse, parents, or children

Aadhar Housing Finance Effect of CIBIL Score

  • Aadhar Housing Finance refers to the CIBIL report for determining the loan eligibility
  • An adverse credit rating in the CIBIL report can affect the loan approval process
  • The ideal credit rating for a Home Loan should be in the range of 575 and above. The higher the score, the better is the interest bargain for the borrower.

Documents Required for Aadhar Housing Finance Home Loan

National Housing Bank has prescribed the following KYC guidelines for housing finance companies:

KYC Documents

Photo Identity Proof - Any one of the documents should suffice

  • Aadhar Card
  • PAN Card
  • Passport
  • Voter ID Card
  • Driving License

Address Proof - Any one of the following documents is necessary

  • Passport
  • Ration Card
  • Electricity bill
  • Telephone bill
  • Letter from Employer

Income Proof Documents

Salaried Employees

  • Three months salary slips/certificate
  • In case the salary includes variable allowances like overtime and other incentives, salary slips for the last six months are necessary.
  • Proof of age
  • Bank passbook/statement for the last six months including the front page
  • Company profile required if the employer is not a reputed concern/organisation

 Self-Employed Businesspersons

  • IT Returns of the previous three years accompanied by Computation of Income duly certified by a Chartered Accountant.
  • Financial Statements of the last three years certified by a Chartered Accountant
  • Brief Profile of the business on the letterhead of the firm
  • Statement of account of the firm and the individual proprietors/partners/ for the last one year
  • GST Registration, if applicable
  • Copy of Shop and Establishment Act Certificate, if relevant
  • Partnership firms should produce a copy of the partnership deed
  • TDS Certificate/Form 16A and Form 26AS
  • Details of contracts or agreements, if any
  • Details of advance tax/self-assessment tax paid, if any

 Self-Employed Professionals

  • IT Returns with Computation of Income along with Financial Statements of the last three years duly attested and certified by a Chartered Accountant.
  • Bank statement of the current/savings account for one year
  • GST and other certification copies, if applicable
  • Details of contracts, agreements, if any
  • Advance Tax paid/self-assessment tax paid challans copies
  • Copies of educational qualification certificate or Professional Practice Certificate
  • In the case of doctors employed in hospitals and nursing homes, a salary certificate should accompany the documents.

Why Apply for Aadhar Housing Finance on MyMoneyMantra?

Applying for the Aadhar Housing Finance on MyMoneyMantra has its benefits. Apart from expert guidance on the loan products available, the applicants get an opportunity to compare loan products from other housing finance companies and banks. It helps the applicants to compare and make the right decision.

MyMoneyMantra loan service executives help applicants to complete the documentation process comfortably. MyMoneyMantra has an EMI Calculator on its webpage to enable applicants to decide on the quantum of the loan depending on the EMI they can afford to pay. The best aspect of all these services is that it is available free of cost.

How to Apply for Aadhar Housing Finance Home Loan?

Applicants can apply for Aadhar Housing Finance Home Loan in three ways:

 Aadhar Housing Finance Website

Aadhar Housing Finance does not have facilities to apply for a Home Loan online. However, applicants can submit their details on the website to receive a call back from Aadhar Housing Finance executives.

  • Click on the "I want to apply" option and select the required purpose from the dropdown box
  • Complete the initial application form by submitting the details asked for
  • Submitting the application entails giving consent to the Aadhar Housing Finance official to contact you and complete the formalities.

 Aadhar Housing Finance Branches

Aadhar Housing Finance Ltd has branches in almost all the big cities/towns in India. Choose the Branch Locator option on the Aadhar Housing Finance webpage to locate the branch nearest to your residence. Visit the office and speak to the Customer Service Representative who will guide you through the entire process. The application form is available on the webpage for download.

 Through MyMoneyMantra

Applicants can also use the MyMoneyMantra website to apply for Aadhar Housing Finance Home Loan.

  • Visit the MyMoneyMantra home page and select Home Loan. Enter the loan amount you are aiming for.
  • The next series of steps are self-explanatory. Complete them one by one to get the best Home Loan offers.
  • Choose Aadhar Housing Finance and proceed with the application

Other Products by Aadhar Housing Finance

Apart from different types of Home Loans, Aadhar Housing Finance offers the following two products.

  • Loan against residential/commercial property
  • Loan for purchase/construction of a non-residential property

Home Loan Procedure by Aadhar Housing Finance

Aadhar Housing Finance follows transparent Home Loan processing to make it convenient for its customers. The applicant submits the application form, duly completed in all respects, along with the initial processing fees to the company.


  • The credit team conducts income verification to validate the information provided by the applicant.
  • The credit check is the next step in the process. The credit report provides details of loans outstanding in the applicant's name and defaults if any. This report plays a vital role in the loan approval process.

 Conditional Sanction

  • On completion of the initial assessment, the company offers a conditional sanction letter listing out the terms and conditions. The applicants have to go through the same and acknowledge the acceptance of the conditions.

 Assessment of Security

  • A technical officer from the company carries out the valuation of the property/security
  • The obtaining of the Legal Scrutiny Report is the next step in the process


  • On according the final sanction, the company executive calls on the applicant to complete the documentation formalities and submit the final processing fee.

How to Calculate Aadhar Housing Finance EMI?

Aadhar Housing Finance website has an EMI Calculator to enable applicants to calculate their prospective Home Loan EMI. The process is a simple one.

  • Enter the loan amount
  • Provide the interest rate
  • Submit details of the loan tenure
  • Hit the 'Calculate' button to get the EMI

MyMoneyMantra has a similar EMI Calculator that helps you arrive at the EMI amount.

Aadhar Housing Finance - Processing Fee and Other Charges

The following conditions apply to the processing fee and additional charges:

  • The processing fee is non-refundable
  • GST as applicable is charged extra
Fees Amount

Processing fees

All Home Loans: 3,500

Administrative charges

  • Home Loan and Top Up Loans except for NIP: 1.5%
  • NIP and Loan Against Property/NRPL: 2%

Processing fee - Project Loans

2% of the loan amount

Initial processing fee payable


Subsequent technical verification - in Construction Cases


Cheque/ECS return charges

500 per instance

Overdue charges

1.5% of the overdue amount

Recovery charges - Legal possession

As per actual expenditure

Repayment mode swap charges

500 per swap

Issuing duplicate No Dues Certificate


Document copies


Foreclosure of Home Loan

  • Variable Rate Loan: NIL
  • Fixed-Rate Loan: 2% of the outstanding loan amount (in case of takeover)

Foreclosure of Project Loan

2% of loan outstanding

Document Retrieval charges


Statement of account


Conversion charges

  • Fixed to Variable: 1% of the outstanding amount
  • Variable to Fixed: 1.5% of the outstanding amount

Loan Cancellation and Rebooking charges


Aadhar Housing Finance Customer Care

You can contact Aadhar Housing Finance through the following ways:

Toll-free number: 1800-300-420-20

Email: customercare@aadharhousing.com

Corporate Office Address:

Aadhar Housing Finance Ltd, 201, Raheja Point-1, Near Shamrao Vithal Cooperative Bank, Nehru Road, Vakola, Santacruz East, Mumbai 400055

Tel No - 022-39509900, Fax - 022-39509934

 Registered Office Address:

2nd Floor, No 3, JVT Towers, 8th A Main Road, Sampangi Rama Nagar, Hudson Circle, Bengaluru, Karnataka, 560027

Aadhar Housing Finance - Frequently Asked Questions

What is an EMI?

EMI stands for Equated Monthly Instalment. It is the amount you pay to Aadhar Housing Finance every month until the repayment of the Home Loan is complete. The EMI comprises of a Principal repayment component and the Interest repayment component. The regular payment of the EMI reduces the principal amount of the loan over its entire repayment tenure.

How do you calculate the EMI?

EMI calculation is a mathematical formula. However, the simplest solution is to use the EMI Calculator available on MyMoneyMantra or the Aadhar Housing Finance webpage. Entering a few details like the loan amount, rate of interest, and loan repayment tenure helps you determine the EMI.

What is the minimum margin stipulated by Aadhar Housing Finance?

Aadhar Housing Finance stipulates a minimum margin of 20%. It entails that the company offers loans up to 80% of the cost of the house. In the case of plot loans, the stipulation of margin is higher at 30%.

Does Aadhar Housing Finance charge Home Loan interest on a fixed or variable rate basis?

Aadhar Housing Finance offers both fixed and floating rates of interest on Home Loans.

Which of the two is a better option?

It depends on the market scenario. In a falling interest rate regime, the floating rate is a better option. At the same time, the fixed rate of interest is beneficial when the interest rates rise.

What is the maximum repayment tenure/period of a Home Loan at Aadhar Housing Finance?

Aadhar Housing Finance offers Home Loan repayment periods ranging from five years to 30 years.

Do all borrowers get the benefit of the 30-year repayment period?

No, the repayment tenure depends on the age of the borrower. A salaried employee should not be over 60 years at the time of maturity of the loan. Similarly, the maximum age requirement for a self-employed individual is 70 years at the time of loan maturity.

What is unique about the Aadhar Housing Finance Home Loan?

Aadhar Housing Finance has Home Loan products for borrowers with irregular income such as auto-rickshaw drivers, plumbers, carpenters, electricians, and others engaged in similar activity. Such people have income but fail to satisfy the eligibility norms stipulated by banks and financial institutions.

What documents should I verify before I purchase a house?

You should verify the genuineness of the title and ensure that there are no encumbrances on the property. It is better to consult the services of a qualified advocate to verify the documents.

How do you differentiate between carpet area, built-up area, and super built-up area?

Carpet area is the usable area of a house that does not include the space occupied by the walls. The built-up area consists of the area of the walls, as well. The super built-up area consists of the area occupied by the common spaces like lobby, staircases, and elevators.

Latest News - Aadhar Housing Finance

Blackstone infuses 800 Crores after acquiring Aadhar Housing Finance

The global investment firm, Blackstone has completed the acquisition of Aadhar Housing Finance by purchasing a 97.7% stake in the Home Loan company for 2,200 Crores. Apart from the acquisition, Blackstone has infused fresh capital of 800 Crores to ensure the future growth of the company.

Aadhar Housing Finance's net worth doubles with the capital infusion

The investment of 800 Crores by Blackstone has doubled the net worth of Aadhar Housing Finance, thereby reducing the debt to equity ratio by half. This infusion will spur the growth of housing loans, thus helping Aadhar Housing Finance become one of the most trusted entities in the housing finance segment. 

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