Aditya Birla Finance Loan Against Property
- Interest Rate starting at 14% p.a.
- Loan Tenure up to 15 Years
- Maximum Loan Amount up to Rs.75 Crores
- Processing Fees 1.25%-2% of the loan amount
- Prepayment Charges up to 25% of outstanding loan
Aditya Birla Housing Finance offers Loans Against Property (LAP) to borrowers to help them liquidate their already owned property without having to sell it. They get the requested funds quickly after evaluation of the documents submitted and the property valuation. This type of loan helps a borrower get through a financial crisis without significant risk.
| Aditya Birla Finance Loan Against Property Summary | |
|---|---|
| Interest Rate | starting at 14% p.a. |
| Loan Tenure | Up to 15 Years |
| Maximum Loan Amount | Up to Rs.75 Crores |
| Processing Fees | 1.25%-2% of the loan amount |
| Prepayment Charges | Up to 25% of outstanding loan |
Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.
Aditya Birla Finance Loan Against Property (LAP) Eligibility Criteria
The eligibility of a borrower depends on a number of factors such as their monthly income, savings and the current market value of the property. The lender will assess their repayment capacity and if they have a stable job at a well-known firm with a good salary, they’re likely to get a mortgage loan at a competitive rate of interest.
- A minimum of 21 years of age
- A maximum of 60 years of age at the time of loan maturity
Want to check if your eligibility for Aditya Birla Finance Loan Against Property?
Find out with the Fincity LAP Eligibility Calculator right here!
Aditya Birla Finance Loan Against Property (LAP) Interest Rate
The interest rate for an Aditya Birla Finance Mortgage Loan starts at 14% per annum for a tenure of up to 15 years. The maximum loan amount a borrower can avail is Rs.75 crores.
Note :The above rates are subject to change at the discretion of the banks without prior notice.
Aditya Birla Finance LAP Processing Fee and Other Charges
Here’s a list of the processing charges a borrower can expect when they apply for a Tata Capital LAP.
| Particulars | Charges |
|---|---|
| Processing Fees | 1.25%-2% of the loan amount |
| Prepayment Charges | Up to 25% of outstanding loan |
Note :The above rates are subject to change at the discretion of the banks without prior notice.
Aditya Birla Finance Loan Against Property EMI Calculation
Make sure to check the LAP EMI applicable to you before you decide on the right mortgage loan for you. Use the Fincity Loan Against Property EMI calculator and have a detailed breakup of your EMI schedule.
Documents Required for Aditya Birla Finance Loan Against Property
Below is the list of documents required to avail an Aditya Birla Finance Mortgage Loan:
| Salaried | Self-employed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note : Required documents must be self-attested and may slightly differ.
Aditya Birla Finance Loan Against Property (LAP) Benefits
Aditya Birla Finance Loan Against Property comes with a hassle-free loan amount of up to Rs.15 crores. The documentation process is minimal, processing is efficient and approvals are quick.
Want more information on mortgage loans with the best terms and conditions?
Connect with Fincity loan advisors at xyz@fincity.com for free unbiased assistance. Compare 1000+ loan products and find the lowest-rate loans from the best lenders in no time.