Aditya Birla Housing Finance Home Loan

  • Interest Rate starting from 9%
  • Loan Amount up to 90% of property value
  • Loan Tenure up to 30 years
  • Processing Fee up to 2% of loan amount + GST
Get Aditya Birla Housing Finance Home Loan

Aditya Birla Housing Finance Limited (ABHFL) offers Home Loans starting at 9% interest for a tenure of up to 30 years. Both salaried and self-employed individuals are eligible to avail of their home loan schemes for the purpose of home purchase, house construction, renovation and extension.  

Aditya Birla Housing Finance Home Loan Summary
Interest Rate 9.00% onwards
Loan-to-Value Ratio Up to 90% of property value
Loan Tenure Up to 30 years
Processing Charges Up to 2% of loan amount + GST

Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

Aditya Birla Home Loan Eligibility

Criteria for different schemes under Aditya Birla Housing Finance Ltd may vary but here are some common eligibility criteria.

An Applicant must be:
  • An Indian Resident/NRI/PIO
  • Salaried or self-employed
  • Between 21 and 70 years of age
  • Preferred Credit Score of 750 and above

Figure out how much Home Loan you’re eligible for!

Use the Fincity Eligibility Calculator - enter a few required details and find out immediately.

Aditya Birla Home Loan Interest Rates

Aditya Birla Home Loan interest rates are linked to the ABHFL Reference Rate or ARR; any change in the ARR will impact the ABHFL interest rate. Currently, it starts at 9%.

Aditya Birla Home Loans For Salaried For Self Employed
Rate of Interest 9.00% to 9.75% 9.00% to 12.50%

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Aditya Birla Home Loan Processing Fees & Charges

Here’s a list of the processing and other fees charged by ABHFL when you apply for a Home Loan.

Particulars Charges
Processing fees

Up to 2% of loan amount

Part Payment /Pre-Closure Charges (applicable for non-individuals/individuals with other than floating rate)
  • Floating rate loans given to individuals, where all applicants and co-applicants are individuals: No charges
  • Fixed Rate loan given to Individuals (Pre-closed by own sources): No charges
  • Home Loans (other than floating rate Home Loans to individuals): 2% of principal outstanding paid
Default Penal Interest Rate / Non Conformance with any covenants / stipulated conditions

24% p.a. i.e. 2% per month

Cheque Return Charges/NACH failure charges

Rs.750 per instance 

CERSAI Charges
  • When facility amount is equal to Rs.5 lakh or lesser: Rs.50 per property
  • When facility amount is greater than Rs.5 lakh: Rs.100 per property
Overdue Charge

2% per month on overdue payment 

Revision of Fixed rate to floating and vice-versa/ revision in loan interest rate/ tenure at discretion of ABHFL

2% of the loan outstanding

Note :The above rates are subject to change at the discretion of the banks without prior notice.

Aditya Birla Housing Finance Loan EMI Calculation

Are you ready to take the next step in your home loan journey? Make sure to check the EMI amount in case of every scheme you shortlist before zeroing in on one. Use the Fincity Home Loan EMI calculator; select the relevant loan amount, interest rate and loan tenure to know the EMI amount instantly.

Aditya Birla Home Loan Documents Required

Here are the main documents both salaried and self-employed individuals will need while applying for an Aditya Birla Home Loan.

  • Duly filled and signed Aditya Birla Home Loan application form 
  • Passport size photographs 
  • Proof of Identity (Any one): Aadhaar Card / PAN Card / Passport / Driving License / Voter ID Card 
  • Proof of Residence (Any one): Aadhaar Card / Passport / Driving License / Telephone Bill / Ration Card / Election Card / Any other Certificate from Statutory Authority 
  • Property Documents: A copy of title documents and approved sanction plan 
  • Account Statement: Last 6 months’ bank account statements 
  • Proof of Income (For Salaried): Salary slips of last 3 months showing deductions and a copy of Form 16 
  • Proof of Income (For Non-Salaried): IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years
  • Proof of Other Income: Rental receipts or documents showing receipt of income

Note : Required documents must be self-attested and may slightly differ.

These loans are perfect for anyone looking to buy a house in India. They are available to salaried and self-employed individuals with the interest rate ranging from 9-12.50% and the tenure extending up to 30 years.

Eligible Profiles Salaried and Self-Employed Individuals
Loan Amount Up to 90% of property value
Interest Rate 9.00% – 12.50%
Loan Tenure Up to 30 years

This is ideal for anybody seeking funds for the purpose of home repair and renovation work related to flooring, false ceiling, woodwork, water-proofing, tiling, electrical work, or plumbing.

Eligible Profiles Salaried and Self-Employed Individuals
Loan Amount Up to 90% of property value
Interest Rate 9.00% onwards
Interest Rate 9.00% onwards
Loan Tenure Up to 10 years

As the name suggests, this is meant for borrowers who plan to add spaces to their current house such as a room, balcony, etc.

Eligible Profiles Salaried and Self-Employed Individuals
Loan Amount Up to 90% of property value
Interest Rate 9.00% onwards
Loan Tenure Up to 20 years

Customers who want to construct a house on an already owned plot of land can avail of this loan.

Eligible Profiles Salaried and Self-Employed Individuals
Loan Amount Up to 90% of property value
Interest Rate 9.00% onwards
Loan Tenure Up to 20 years

Unlike the previous loan type, this loan is meant to finance the purchase of a plot as well as the construction a house on it.

Eligible Profiles Salaried and Self-Employed Individuals
Loan Amount Up to 90% of property value
Interest Rate 9.00% onwards
Loan Tenure Up to 20 years

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