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Overview Eligibility Features & Benefits Fees & Charges Documents FAQs Terms & Conditions

Product Overview

Aditya Birla Housing Finance Home Loan is a secured housing loan designed to help eligible customers purchase, construct, renovate or extend a residential property.

ABHFL offers multiple home loan solutions for salaried and self-employed applicants, along with flexible repayment options and digital application facilities. Home loans can have a repayment tenure of up to 30 years, subject to eligibility and applicable terms.

With fast processing, minimal documentation, and easy eligibility, it is a reliable option for entrepreneurs and individuals looking for quick financial assistance.

Eligibility Criteria

The indicative eligibility criteria include:
Nationality: Indian citizen
Minimum Age: 21 years
Maximum Age at Loan Maturity: 60 years for salaried applicants and 70 years for self-employed applicants
Employment: Salaried and self-employed individuals can apply
Credit Profile: A minimum CIBIL score of 650 is preferred
Stable income and repayment capacity
Existing financial obligations are considered during assessment
Property value and legal/technical status are considered
Final eligibility may vary based on the applicant's income, credit profile, age, existing liabilities, property and ABHFL's internal credit assessment.

Features & Benefits

???? Purpose: Purchase, construction, renovation or extension of a residential property
???? Loan Amount: Based on applicant eligibility and property value
???? Tenure: Up to 30 years
???? Regular Home Loan Rate: 8.60%–11.85% p.a. for salaried/SEP and 8.75%–12.35% p.a. for self-employed applicants
???? Loan-to-Value: Up to 90%, subject to loan amount and applicable conditions
????‍???? Applicant Types: Salaried and self-employed applicants
???? Digital Application: Online eligibility check and application facility
???? Simplified Documentation
???? Doorstep Services: Assistance through the home loan process
???? Flexible Repayment: Step-up, step-down and extended-tenure options may be available
???? Balance Transfer & Top-Up: Available for eligible existing borrowers
???? Tax Benefits: Applicable tax benefits may be available under prevailing income-tax provisions.
???? Home Loan SchemesAditya Birla Housing Finance offers different housing finance solutions, including:
Regular Home Loan
Pragati Home Loan
Informal Home Loan
Pragati Plus
Home Construction Loan
Plot & Home Construction Loan
Home Improvement Loan
Home Extension Loan
Balance Transfer & Top-Up

Fees & Charges

ChargeDetailsProcessing FeeTypically up to 1% of the home loan amount + applicable taxesFloating Rate Home Loan – IndividualNo prepayment/part-payment charges, subject to applicable termsFixed Rate Housing Loan – IndividualPre-closure from own sources: Nil; from other sources: 2% of principal outstanding + applicable chargesNon-Individual Floating Rate Loan4% of principal outstanding + applicable chargesOriginal Document Retrieval₹1,000 per loan accountOther ChargesAs per the prevailing schedule of charges
Actual charges applicable to a customer will be communicated at the time of sanction/disbursal and may change from time to time.

Documents Required

Salaried Applicants
PAN Card
Aadhaar Card / Passport / Voter ID / Driving Licence or other accepted identity proof
Latest 3 months' salary slips
Latest 6 months' bank statements
Form 16
Proof of other income, if applicable
Property title documents
Approved building/sanction plan
Self-Employed Applicants
PAN Card and identity/address proof
Income Tax Returns
Financial statements for the last 2 years
Computation of income certified by a CA, where applicable
Latest 6 months' bank statements
Proof of other income, if applicable
Property title documents
Approved sanction plan
The final document requirement may vary according to the applicant and property profile.

FAQs

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The Home Loan tenure can extend up to 30 years, subject to eligibility.

For the Regular Home Loan, the current published range is 8.60%–11.85% p.a. for salaried/SEP applicants and 8.75%–12.35% p.a. for self-employed applicants. Rates are subject to loan amount, tenure and customer profile.

The eligible loan amount depends on income, repayment capacity, property value and other credit parameters. ABHFL indicates financing of up to 90% of the property value for applicable loan slabs.

Yes. ABHFL offers Home Loans to eligible salaried and self-employed applicants.

Yes. ABHFL offers a separate Home Construction Loan for eligible applicants constructing a house.

Yes. ABHFL offers a Plot & Home Construction Loan for eligible applicants.

For eligible floating-rate home loans, ABHFL states that there are no prepayment charges, subject to applicable terms and borrower category.

Terms & Conditions

Home Loan approval is subject to ABHFL's credit assessment and internal approval.
The final loan amount depends on income, repayment capacity, property value and applicable LTV norms.
Interest rates are subject to change and depend on the applicant's profile, loan amount and tenure.
The property is generally mortgaged as security until the loan is fully repaid.
Property documents are subject to legal and technical verification.
Processing fees and other applicable charges may attract taxes.
Final terms and charges will be specified in the sanction letter, KFS, MITC and loan agreement.
Terms and conditions apply.

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