Aditya Birla Housing Finance offers home loans with interest rates starting from 9.00% p.a., providing loan tenures of up to 30 years and financing up to 90% of the property’s value. The home loan solutions cater to various needs, including purchasing, constructing, or renovating residential properties.
Aditya Birla also offers a home loan balance transfer facility for those looking to switch from other lenders to benefit from better terms, along with top-up loan options for additional financial requirements. With features such as quick processing, minimal documentation, and personalized repayment plans, Aditya Birla Home Loans are designed to meet the needs of salaried and self-employed individuals alike.
Aditya Birla Home Loan Highlights
Interest Rate*
8.60% p.a. onwards
Loan Amount (LTV Ratio)
Up to 90% of property value
Loan Tenure
Up to 30 years
Processing Charges
Up to 1% of loan amount + GST
Types of Home Loans
Type of Home Loan
Purpose
LTV Ratio
Tenure
Special Features
Home Loan
Purchase/Construction/Extension of Home
Up to 90%
Up to 30 years
Low-interest rates, Flexible EMI options
Home Loan for Women
Purchase/Construction/Extension of Home
Up to 90%
Up to 30 years
Lower interest rates for women borrowers, Quick processing
Home Loan Balance Transfer
Transfer of existing home loan balance
Up to 90%
Up to 30 years
Lower interest rates, Top-up facility available
Home Loan for Self-Employed
Purchase/Construction/Extension of Home
Up to75%
Up to 30 years
Tailored for self-employed individuals, Flexible repayment options
Home Loan for NRIs
Purchase/Construction/Extension of Home
Up to 80%
Up to 30 years
Special rates for NRIs, Repayment in foreign currency allowed
Home Improvement Loan
Renovation/Improvement of Existing Home
Up to 90%
Up to 15 years
No collateral required for certain amounts, Quick disbursement
Table of Contents
Why Choose Aditya Birla Home Loan?
Aditya Birla Home Loan Features & Benefits
The company offers competitive interest rates.
The loan tenure extends
Individuals do not have to pay any pre-payment charges for floating rate home loans.
Customers can also choose to transfer the balance amount.
ABHF also offers quick and transparent loan processing.
The company offers door step services.
Aditya Birla Home Loan Interest Rate
Customer Type
Effective Rate Of Interest
For Salaried
Starting from 8.25% p.a.
For Self-employed
Starting from 8.50% p.a.
Eligibility Criteria for Aditya Birla Home Loan
Requirements
Salaried
Self-Employed
Residency
Indian/NRI
Indian/NRI
Age
21 to 70 years
21 to 70 years
CIBIL Score
Preferably 750 and above
Preferably 750 and above
Minimum Net Income
Varies from case to case
Varies from case to case
RBL Processing Fee and Charges
Particulars
Charges
Processing Fee
Up to 1% of the loan amount
Part Payment /Pre-Closure Charges (applicable for non-individuals/individuals with other than floating rate)
Floating rate loans given to individuals: No charges Fixed rate loan given to individuals (Pre-closed by own sources): No charges Home loans (other than floating rate home loans) to individuals: 2% of principal outstanding paid
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 facility amount is equal to Rs. 5 lakh or lesser: Rs. 50 per property When facility amount is greater than Rs. 5 lakh: Rs. 100 per property
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
Documents Required for Aditya Birla Home Loan
Documents
Salaried Individuals
Self-Employed Professionals
SENP/Co./HUF/Partnership Firm/LLP
Passport
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Driving License
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Life Insurance Policy
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Birth Certificate
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PAN Card
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School Leaving Certificate
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Voter ID Card
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Aadhaar Card
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Passport-sized Photographs
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Salary Slips for the last 3 months
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Income tax returns (last 2-3 years)
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Bank statements (last 6-12 months)
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Yearly increment letter
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Certified true copy of Form 16
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Business Profile on letterhead
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Profit & Loss Projection Statement (2 years)
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Operative current account statement
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Bank statements for CC/OD facilities
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Form 16 or income tax returns (last 2 years)
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Employment letter or appointment letter
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income certified by a CA for the last 2 years
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Financial statements of the firm/company (last 2-3 years)
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Duly filled and signed Aditya Birla Home Loan application form
Passport size photographs
Proof of Identity (Any one): Aadhaar Card / PAN Card / Passport / Driving License / Voter ID Card
Proof of Residence (Any one): Aadhaar Card / Passport / Driving License / Telephone Bill / Ration Card / Election Card / Any other Certificate from Statutory Authority
Property Documents: A copy of title documents and approved sanction plan
Account Statement: Last 6 months’ bank account statements
Proof of Income (For Salaried): Salary slips of last 3 months showing deductions and a copy of Form 16
Proof of Income (For Non-Salaried): IT Returns or financial documents for the last 2 years and computation of income certified by a CA for the last 2 years
Proof of Other Income: Rental receipts or documents showing receipt of income
How to Apply for a Home Loan at the Aditya Birla?
You can apply in two ways:
Through the official Aditya Birla Bank portal by filling out the application form and tracking the application status online.
Contact Us at +91 636909 5433 or Visit Grow Associates for more convenient option
Aditya Birla Home Loan Interest Rates vs Other Banks & HFCs
