Sales@jkdhomeloan.in
Aditya Birla Housing Finance Limited, or ABHFL, is an emerging NBFC in India. It is a subsidiary of Aditya Birla Capital Limited that offers home loans starting at an interest rate of 8.80% per annum. The processing fee for applying for an Aditya Birla home loan is up to 1% of the loan amount and the loan amount can be up to 90% of the property value. If you dream of owning a house but are running out of funds, consider Aditya Birla Housing Finance for a suitable home loan plan with less paperwork and easy balance transfer options. The NBFC offers housing finance programs for those who want to buy a house, renovate a house or build a house on a plot of land.
|
Loan Amount |
Up to 90% of the cost of property |
|
Rate of Interest |
8.80% – 14.75% per annum |
|
RPLR |
8.80% – 14.75% per annum |
|
Processing Fee |
Up to 1% |
|
Maximum Tenure for Repayment |
30 years |
|
Penal Rate of Interest |
24% per annum |
|
Rate Packages |
Fixed/Floating/Variable |
|
Charges for Prepayment/Foreclosure |
NIL |
Aditya Birla Home loan interest rate starts at 8.80% per annum and varies depending on the type of customer, employment, and the home loan scheme chosen. The table below enlists the various Aditya Birla Housing Finance Interest Rates:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
|
Rate of Interest Per Annum (For Salaried) |
8.80% – 14.00% |
|
Rate of Interest Per Annum (For Self-Employed) |
9.1% – 14.75% |
Applying for a home loan from ABHFL is a pretty simple affair. Please go through the Aditya Birla home loan eligibility criteria to avail hassle-free home loans to buy or renovate your dream home:
| Eligibility Parameters | For Salaried Individuals | For Self-Employed Individuals |
|---|---|---|
|
Age Range (in years) |
21 – 60 years |
21 – 70 years |
|
Nationality |
Indian Resident |
Indian Resident |
|
Minimum Income Earned |
Nothing Specific |
Nothing Specific |
Nothing comes free of cost; even banks and NBFCs charge some fee for each home loan application. Aditya Birla home loan processing fee is between 0.75% – 1% of the loan amount. The table below enlists all other charges levied by ABHFL for home loan applications and procedures:
|
Processing Fee |
Up to 1% |
|
Cheque Bounce Charges/ ECS Failure Charges |
Rs. 750 per instance |
|
Duplicate Statement/ Repayment Schedule |
Rs. 200 per instance |
|
Pre-closure Quote |
Rs. 1000 per instance |
|
Late EMI Payment Charges |
2% per month on overdue payment |
|
Statutory Charges/ Stamp Duty |
As per actual |
|
Swap Charges (Semi-fixed/ Fixed to Floater and vice-versa) |
2% of the loan outstanding |
|
CIBIL Report Retrieval Fee |
Rs. 50 per instance and Rs. 500 for commercial CIBIL |
|
Other Charges (Default Penal Interest Rate/ Stipulated Conditions/ Non-Conformance with any covenants) |
24% per annum |
Aditya Birla Housing Finance offers a variety of home loan schemes to salaried and self-employed people. ABHFL understands that different people might have different home loan requirements, so to cater to all, it offers 6 types of home loan schemes:
| Aditya Birla Home Loan |
|---|
|
Maximum loan amount offered is up to 90% of the property value |
|
Offered for those interested in purchasing a resale or new residential property |
|
Comes with an easy home balance transfer facility |
|
Up to 30 years of repayment period |
| Aditya Birla Plot and Construction Loan |
|---|
|
Easy loans for anyone who purchases a residential plot and wants to build a house in the coming years |
|
Up to 20 years of repayment period |
|
Tax benefits under the Income Tax Act Section 24(B) and Section 80(CCE) |
| Aditya Birla Home Construction Loan |
|---|
|
Perfect home loan option for those who want to build a home on an already purchased plot |
|
Up to 20 years of repayment period |
|
Competitive interest rates |
|
Quick and transparent loan processing |
| Aditya Birla Home Improvement Loan |
|---|
|
Easy home loan to cover expenses for home renovation works like water-proofing, tiling, electrical work, false ceiling, and general repairing |
|
Up to 10 years of repayment period |
|
No fee for pre-payment on floater rate basis |
|
Easy balance transfer option available |
| Aditya Birla Home Extension Loan |
|---|
|
Designed primarily to help people deal with the expenses of home extensions, such as adding floors or rooms to an existing home |
|
Up to 20 years of repayment period |
|
No prepayment charges for floating rate home loans |
|
Easy balance transfer option available |
| Aditya Birla PMAY and Affordable Housing |
|---|
|
Perfect for those keen to get home loans to purchase a home, improve a home or construct a house on a plot |
|
Linked with CLSS or Credit Linked Subsidy Scheme under PMAY or Pradhan Mantri Awas Yojana only for eligible applicants |
|
Easy balance transfer facility available
|
|
Easy EMIs/ structured repayment options |
|
Up to 30 years of repayment period |