Overview
Aditya Birla Housing Finance Ltd
In the fast-moving world we live in, the dream of owning a home is something many hold dear. Aditya Birla Housing Finance, a respected institution in the banking world, has been instrumental in turning this dream into reality through its variety of home loan offerings. With attractive interest rates, flexible payment schedules, and a deep commitment to client satisfaction, Aditya Birla Housing Finance is the ideal companion on your journey to securing your own home.
Rate of Interest
8.60% - 10.5%
Loan to Value
80% - 90%
Loan Tenure
Max 30 years
Max Loan Amount
Upto 5cr
| Rate of Interest | 8.60% - 10.5% |
| Loan Tenure | Max 30 years |
| Age | Salaried/ Self Employed : 21 -70 years |
| Profession | Salaried/Self Employed |
| Income | Metro Cities : 20,000/Month & Above Other Cities : 15,000/Month & Above |
| Nationality | Resident Indian/ NRI |
| Max Loan Amount | Upto 5cr |
| Plot Purchase | |
| Independent Building | |
| Apartment | |
| Resale Property | |
| New Construction | |
| LTV | 80% - 90% |
| Home Loan | |
| Plot Cum Construction Loan | |
| Balance Transfer | |
| Overdraft Facility | |
| Top Up Facility | |
| Other Offerings | Loan Against Property |
| Processing Fees | Up to 1.75% of the loan amount |
| Other Charges | Late Payment Charges- 18% per annum on the overdue loan amount |
| Overdraft Facilities | |
| Highlights | •Doorstep service by dedicated Relationship Manager • Wide Loan amount range • Flexible repayment period • Complimentary Home beautification services • Wide array of eligibility methods |
*Disclaimer: The interest rate, maximum tenure, and other charges are subject to change, it's advisable to check with our experts for the latest information.
| Loan Amount | ₹ 50,00,000 |
| Loan Tenure | 20 years |
| Rate of Interest | 8.60% - 10.5% |
| Monthly EMI | ₹ 43,708 - ₹ 49,918 |
Eligibility Criteria for Aditya Birla Home Loan
| Criteria | Salaried | Self-employed |
|---|---|---|
| Age Range | 21 to 65 years | 21 to 70 years |
| Nationality | Indian/NRI/PIO | Indian/NRI/PIO |
| Maximum Age at Final Repayment | 65 years | 70 years |
Calculate your Aditya Birla home loan eligibility and unlock exclusive offers for you!
Aditya Birla Home Loan Interest Rates
Standard Home Loan Rates
| Salaried ROI | Self Employed ROI |
|---|---|
| 8.60% p.a onwards | 8.60% p.a onwards |
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Aditya Birla Home Loan Processing Fee and Charges
Processing Charges
| Charge Type | Amount |
|---|---|
| Processing Fees | Up-to 1% of the loan amount |
| Switching from fixed to floating interest rate and vice versa | 2% of principal outstanding plus applicable GST |
| Late Payment Charges | 12% p.a. above current applicable interest rate |
| Pre closure quote | ₹1,000/- per instance |
Aditya Birla Home Loan Documents
Identity Documents
| Document Name | Salaried | Self Employed |
|---|---|---|
| PAN | ✔ | ✔ |
| Voter ID | ✔ | ✔ |
| Passport | ✔ | ✔ |
| Driving Licence | ✔ | ✔ |
| Aadhar Card | ✔ | ✔ |
Proof Of Income
| Document Name | Salaried | Self Employed |
|---|---|---|
| Latest 3 months salary slip showing all deductions & Form 16 | ✔ | ✖ |
| IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years | ✖ | ✔ |
| Rental receipts or documents showing receipt of income | ✔ | ✔ |
Aditya Birla Home Loan Schemes and Top Plans
Comparison
| Feature | Standard Home Loan | Extended Tenure Home Loan | Home Extension Loan | Home Improvement Loan | Plot and Home Construction Loan | Pragati Plus Home Loan | Prime Home Loan | Step-Down Home Loan | Step-Up Home Loan | Home Construction Loan |
|---|---|---|---|---|---|---|---|---|---|---|
| Minimum Loan Amount | – | – | – | – | 5 lakhs | – | – | – | – | 5 lakhs |
| Maximum Loan Amount | – | – | – | – | 1.5 Crore | – | – | – | – | 1.5 Crore |
| Interest Rate | 8.60% p.a onwards | – | 8.60% p.a onwards | 6.70% p.a.* | 8.60% p.a onwards | – | – | – | – | 8.60% p.a onwards |
| Tenure | up to 30 years | up to 25 years* | up to 20 years* | up to 10 years* | up to 20 years* | up to 30 years | – | up to 25 years* | up to 25 years* | up to 20 years* |
| Eligible Applicants | salaried or self-employed | For Senior salaried professionals working in top corporates nearing retirement | salaried or self-employed | salaried or self-employed | salaried or self-employed | For self-employed and high-earning professionals in pursuit of outstanding properties | Bank Salaried – Resident & NRI/PIO Self Employed with formal income | Salaried customer having pension income post retirement or joint home loan with one of the borrowers retiring in short time | Young & Budding Professionals | salaried or self-employed |
Details
Aditya Birla Standard Home Loan
- Minimum Loan Amount: ₹5 lakhs
- Maximum Loan Amount: ₹1.5 Crore
- Interest Rate: 8.60% p.a onwards
- Tenure: Up to 30 years
- Eligible Applicants: Salaried or Self-employed
Extended Tenure Home Loan
- Tenure: Up to 25 years*
- Eligible Applicants: For Senior salaried professionals working in top corporates nearing retirement
Home Extension Loan
- Interest Rate: 8.60% p.a onwards
- Tenure: Up to 20 years*
- Eligible Applicants: Salaried or Self-employed
Home Improvement Loan
- Interest Rate: 6.70% p.a.*
- Tenure: Up to 10 years*
- Eligible Applicants: Salaried or Self-employed
Plot and Home Construction Loan
- Minimum Loan Amount: ₹5 lakhs
- Maximum Loan Amount: ₹1.5 Crore
- Interest Rate: 8.60% p.a onwards
- Tenure: Up to 20 years*
- Eligible Applicants: Salaried or Self-employed
Pragati Plus Home Loan
- Tenure: Up to 30 years
- Eligible Applicants: For self-employed and high-earning professionals in pursuit of outstanding properties
Step-Down Home Loan
- Tenure: Up to 25 years*
- Eligible Applicants: Salaried customer having pension income post-retirement or joint home loan with one of the borrowers retiring in a short time
Step-Up Home Loan
- Tenure: Up to 25 years*
- Eligible Applicants: Young & Budding Professionals
Home Construction Loan
- Minimum Loan Amount: ₹5 lakhs
- Maximum Loan Amount: ₹1.5 Crore
- Interest Rate: 8.60% p.a onwards
- Tenure: Up to 20 years*
- Eligible Applicants: Salaried or Self-employed
How to Apply
Applying for an Aditya Birla home loan is a straightforward process:
- Check Eligibility: Verify that you meet the eligibility criteria for your selected loan product.
- Collect Documents: Gather all the required documents.
- Visit a Local Branch: Visit your nearest Aditya Birla Capital branch and fill out the application form.
- Submit Documents: Submit your application along with the required documents.
- Application Review: The bank will review your application and documents.
- Loan Approval: Upon approval, your loan will be sanctioned, and you can start your homeownership journey.
Do not want to get into this hassle? Get Aditya Birla’s best rates in a single call.
Comparison
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| LIC Bank | 8.50% – 10.35% p.a. | 8.50% – 10.55% p.a. | 8.50% – 10.75% p.a. |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. |
| Bank Of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Frequently Asked Questions
The interest rate for Aditya Birla home loans typically starts around 8.50% and may vary based on the applicant’s profile and market conditions.
Aditya Birla Payment Bank offers interest rates on savings accounts starting from approximately 4.00%, subject to change based on regulatory guidelines and bank policies.
The minimum CIBIL score required for obtaining financing from Aditya Birla Finance is generally around 650, although higher scores may enhance loan approval chances.
Applicants for Aditya Birla Finance products must typically be between 21 and 65 years of age at the time of loan application.
The rates for Aditya Birla products, including loans and investment options, vary widely based on the specific product and market conditions; it’s best to check their official website for the latest rates.