Aditya Birla Housing Finance offers home loans starting at an interest rate of 8.80% per annum, with loan tenures of up to 30 years and loan amounts of up to 90% of the property’s cost. Existing home loan borrowers from other banks/HFCs can transfer their loans to Aditya Birla Housing Finance at lower interest rates. Additionally, the company provides a special home loan scheme called ABHFL Affordable Housing, aimed at providing affordable home loans in select cities across India.
|
Aditya Birla Home Loan Highlights |
|
|---|---|
| Interest Rate | 8.80% – 14.75% p.a. |
| Loan Amount | Up to 90% of property value |
| Tenure | Up to 30 years |
| Processing Fees | Up to 1% of loan amount + GST |
Pre Approved Home loan | Check Eligibility & Apply Online
| Table of Contents | ||
|---|---|---|
| Compare Interest Rates offered by other Lenders | ||
| Interest Rates | ||
| Types of Aditya Birla Home Loan | ||
| Processing Fees & Charges | ||
| Eligibility Criteria | ||
| Documents Required | ||
| EMI Calculator | ||
| FAQs | ||
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
|---|---|---|---|---|
| SBI Bank | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. | Apply Now |
| HDFC Bank Limited | 8.40% p.a. onwards | 8.40% p.a. onwards | 8.40% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards | Apply Now |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.35% - 10.35% p.a. | 8.35% - 10.55% p.a. | 8.35% - 10.75% p.a. | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50% - 11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| Axis Bank | 8.70% - 13.30% p.a | 8.70% - 13.30% p.a | 8.70% - 9.10% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Also read: Best Home Loan in India
| Type of Employment | Rate of Interest (p.a.) |
|---|---|
| For Salaried | 8.80% to 14.00% |
| For Self-employed | 9.10% to 14.75% |
Different customers have different home loan requirements. To cater to such different loan requirements, ABHFL offers home loans for several purposes. Some of them are discussed briefly as below:
Aditya Birla Housing Finance offers a regular home loan scheme for purchasing new or resale residential properties.
Aditya Birla Housing Finance provides a Home Extension Loan for financing costs associated with extending a house, such as adding additional rooms or floors.
Aditya Birla Housing Finance offers a Home Improvement Loan designed to cover expenses related to home renovation, including repairs, flooring, waterproofing, false ceiling, woodwork, tiling, plumbing, or electrical work for an already purchased house.
Aditya Birla Housing Finance provides loans for individuals intending to purchase a residential plot and build a house on it in the near future.
Aditya Birla Housing Finance offers a Home Construction Loan for individuals who wish to build a house on an already owned plot.
Also Read : Best Home Loan EMI Calculator
| Particulars | Charges |
|---|---|
| Processing Fees | Up to 1% of the loan amount |
| Overdue Charge | 2% per month on overdue payment |
| Revision of Fixed rate to floating and vice-versa/ revision in loan interest rate/ tenure at the discretion of ABHFL | 2% of the loan outstanding |
| 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 the facility amount is equal to or lesser than Rs. 5 lakh, the fee is Rs. 50 per property. For facility amounts greater than Rs. 5 lakh, the fee is Rs. 100 per property. |
| Part Payment /Pre-Closure Charges (applicable for non-individuals/ individuals with other than floating rate) |
|
Also read: Best Home Loan Fees and Charges
The common eligibility criteria for Aditya Birla Home Loans include:
| Borrower Profile | Indian Residents/NRIs/PIOs |
|---|---|
| Age | 21 to 70 years |
| Credit Score | Preferably 750 and above |
| Employment Type | Salaried/Self Employed |
| Income | Varies from case to case |
In addition to the mentioned eligibility criteria, Aditya Birla Housing Finance Ltd. may also consider applicants' credit scores, EMI/NMI (Equated Monthly Installment to Net Monthly Income) ratio, and the location and features of the pledged property when assessing home loan eligibility.
For applicants with low or zero credit scores, they can avail the Step UP Credit Card, a secured credit card offered by SBM Bank (India) Ltd. in partnership with Mybankingtips, to build or improve their credit scores.
Also Read : Best Home Loan Eligibility
To apply for an Aditya Birla Home Loan, you'll need the following documents:
Note: Aditya Birla Housing Finance Limited may request additional documents for processing your loan.
Also Read : Best Home Loan Documents Required
Yes, it's possible to get your bike financed even as a student if you meet the specific eligibility criteria set by the lenders.
The best loan for financing your bike or scooter is the one with the lowest interest rate. This way, you'll have to pay less in monthly installments (EMIs) throughout your loan term.
To get financing for your motorcycle, bike, or scooter, you can easily apply for the loan online from home. Or, if you prefer, you can go directly to a bike shop and apply for the loan there by giving them the documents they need
You can check your loan status online through internet banking. Another option is to visit the closest branch of the bank or financial institution that's providing the loan.
Many lenders consider a credit score of 620 and above to be good when giving out loans for motorcycles, superbikes, or scooters. However, if your credit score is lower than 620, you can still find lenders who may be willing to give you a loan, although they might charge a higher interest rate.
Banks allow you to make prepayments after successfully paying 3-6 EMIs. Depending on the number of EMIs you've already paid, there might be a small fee applicable on the outstanding amount when you choose to prepay.