Aditya Birla Housing Finance Limited was started in October 2014. It is a subsidiary of Aditya Birla Capital Limited and has quickly turned into one of the most popular housing financing companies in India. Today, you can avail Aditya Birla Home Loans from over 63 branches in the country or through its 3,100 channel partners.
When you opt for Aditya Birla Home Loans, you take that vital step towards realizing your dream of home-ownership. Whatever your needs, their team will help at every stage, trying to customize a finance solution that makes things easier for you. The company offers a wide range of financial products including home loans, home improvement loans, home renovation loans, construction loans, and plot loans. They also offer expert loan advisory services.
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Aditya Birla Home Loan Eligibility:
To avail Aditya Birla Home Loans, you must be at least 21 years old on the application date and not more than 60 years for salaries individuals & 70 for self-employed borrowers. Both salaried & self-employed borrowers are eligible as long as they meet the minimum income specified.
If you meet these basic criteria, then you are eligible for Aditya Birla Home Loans. However, the loan amount you are eligible for will depend on your income, credit score, the number of family members, whether or not you have any outstanding loans, your savings & your financial assets. The best way to calculate Aditya Birla Home Loan Eligibility is to use an eligibility calculator. It will give you a quick estimation of your loan amount considering a few simple variables such as your monthly income, expense, the interest rate & tenure of the loan. If you wish to increase your Aditya Birla Home Loan Eligibility, you could consider applying for the loan jointly with an earning family member. This will surely help you get access to higher loan amounts.
Generally speaking, you can get up to 90% of the property’s value for loans up to Rs. 30 lakhs, 80% for loan amounts between 30 lakhs & 75 lakhs and 75% for loan amounts above 75 lakhs.
Aditya Birla Home Loan Rates & charges:
Aditya Birla Home Loan Rates start at 9.00%. This is quite low as compared to other lenders because it is a floating rate. This means that it might fluctuate in the future resulting in higher rates or even lower rates. Depending on your financial profile, your rate could be anywhere between 9.00% & 12.50% for loan amounts up to Rs. 10 crores. Of course, for loan amount above 10 crores, the rates applicable will be higher. So, as you can see, Aditya Birla Home Loan rates are quite low, but their charges are also relatively affordable. The processing fee is 1% of the loan amount, which is still less as some lenders charge as much as 2% as processing fee. Also, there are no prepayment charges!
Aditya Birla Home Loan Documents:
ID & Address Proof:
- Voter’s ID card
- Driving License
- Job Card issued by NREGA
- Adhaar Card
- Registration certificate
- PAN card (only for identity proof).
- Proof of Income for salaried individuals:
- Latest 3 month’s salary slips
- Form 16
Proof of Income for Self-Employed:
- IT Returns or financial documents for the last 2 years
- Computation of income certified by a CA for the last 2 years
Other important Aditya Birla Home Loan Documents include your latest 6 month’s bank statements, a copy of title documents and approved sanction plan.
Aditya Birla Home Finance Locations in India:
- Delhi & NCR
Apply for Aditya Birla Home Loans with ApnaLoan:
Now that you know about Aditya Birla Home Loans, the eligibility criteria, interest rates, charges and documents, all that’s left to do is apply! We at ApnaLoan make this easy – just complete the simple application form and we’ll provide you with instant quotes. Alternatively, we will also put you in touch with representatives from Aditya Birla and they’ll give you the best deal available.