Tata Capital Home Finance is a step towards the home of your dreams. The lender offers housing loans for purchase of a new home, home improvement, home extension, home construction or even purchasing a plot of land before building your home. The Aditya Birla home loan is offered at competitive rates and features an easy repayment tenure ranging up to 30 years.
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Loan Amount |
Up to 90%o f the property value |
|
Interest Charges |
Starts at 9% per annum and goes up to 12.50% |
|
Processing Fees |
Up to 1% of the loan amount |
|
Tenure |
Up to 30 years |
|
Prepayment |
Up to 4% |
Here are the noteworthy features of Aditya Birla housing loan that you can count on:
1. Different Types of Home Loans : Aditya Birla Capital caters different home loans that are designed to meet different requirements of homebuyers. This loan includes purchase of a new flat/house, renovation and construction.
Here are the types of Aditya Birla home loans that you can consider:
Apart from tha, you can also apply for Aditya Birla Capital loan against property. Note that the loan amount, interest rates and other charges vary among different types of loans.
1. Loan Amount : Aditya Birla home loan amount ranges up to 90% of the property value. The amount is decided upon various factors including the home loan scheme and applicant’s profile.
2. Interest Charges : The Aditya Birla home loan interest rates vary among different types of home loans. The rates range from 9% to 9.75% for salaried individuals and on the other hand, the home loans are offered at interest rates ranging from 9% to 12.50% for self employed borrowers. Apart from that, the interest rates for Aditya Birla loan against property range from 10.75% to 16.00%.
3. Balance Transfer : Aditya Birla home loan balance transfer allows borrowers to transfer their high-interest-rate existing home loan from another bank or NBFC to the Aditya Birla housing loan.
If you are paying high interest charges on your current home loan, then you can consider the Aditya Birla housing finance and pay the outstanding principal amount at lower interest rates. For enquiries on rates and applicable charges, you can reach out to the bank.
4. PMAY : Aditya Birla housing finance features Pradhan Mantri Awas Yojana (PMAY) scheme under which the affordable home loans are provided to the economically weaker sections, low income group and middle income groups of society.
The maximum eligible loan amount for PMAY scheme is Rs 12 lakh. In this scheme, the beneficiaries are offered subsidy interest on home loans. The rates range from 3% to 6.50%. The lender does not charge a processing fee for the eligible loan amount.
5. Prepayment : Aditya Birla home loans offer prepayment option. You can foreclose your home loan by prepaying the amount and avoid paying interest.
The lender charges no prepayment fee in case of floating rates. Up to 2% prepayment fee is charged for home loans with fixed rates. When it comes to the loan against property, up to 4% prepayment fee is payable.
Aditya Birla home loan Eligibility criteria be fulfilled by home loan applicants in order to avail the loan without any hurdles. If you are considering Adiya Birla capital home loan then you must check all the eligibility requirements which include income, resident type and employment.
Here is the Aditya Birla home loan eligibility criteria:
You will be required to submit documents for Aditya Birla housing loan including the property related papers. Since documentation is a crucial stage in the process of home loan application, make sure you have all the documents required for Aditya Birla home loan in check.
Here are the documents required for Aditya Birla housing finance application:
|
Documents |
Salaried Applicants |
Self Employed Applicants |
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Identity Proof |
Aadhar Card, Voter’s ID Card, Passport, Driving Licence |
Aadhar Card, Voter’s ID Card, Passport, Driving Licence |
|
Address Proof |
PAN Card, Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills |
PAN Card, Voter’s ID Card, Passport, Driving Licence, Utility Bills such as Electricity, Telephone, Water Bills |
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Income Proof |
Salary Slips, Bank Statements, Form 16 |
Balance sheet and profit and loss account, IT Returns, Business Proof |
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Other Documents |
Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank |
Passport-size Photographs, Duly Filled Application Form, Any Other Documents Required by the Bank |
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BANKS |
INTEREST RATE |
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7.75% to 9.40% |
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6.95% onwards |
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6.95% to 7.50% |
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7.40% to 9.70% |
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9.60% to 10.55% |
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7.34% to 8.29% |
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6.95% to 8.05% |
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Starting at 8.71% |
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6.80% to 8.40% |
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9.75% to 10.05% |
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|
8.55% to 8.655 |
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8.00% to 15.00% |
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6.85% to 7.75% |
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6.85% to 7.755 |
|
|
6.90% to 8.90% |
|
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7.55% to 8.40% |
|
|
Starting at 7.00% |
|
| Tata Capital Home Loan |
Starting at 6.90% |
| Union Bank Home Loan |
6.80% to 12.65% |
| LIC Housing Finance |
6.90% to 7.90% |
It is best that you know the payable EMI for your Aditya Birla home loan repayment. It only helps you to plan your finances for every month accordingly. Aditya Birla home loan EMI calculator is a type of loan that will help you know the payable Aditya Birla housing loan EMI.
Here is how to use it:
You can now view the payable EMI below the calculator.
You can apply for Aditya Birla home loan offline or online.In order to apply for the Aditya Birla home finance offline, you need to visit the nearest branch of Aditya Birla Capital.
You will find the offline home loan application form in which you will be required to fill in the necessary details. Ensure that you have all the important documents that you need to submit with the Aditya Birla home loan application.
Alternatively, you can apply for Aditya Birla home loan online. It is a fast, convenient and effortless way to get started with the procedure.
Here are the steps to apply for Aditya Birla Home Loan online:
If you have any assistance related to the application, you can contact the Aditya Birla home loan customer care.
Here is the number that you can dial to reach out to the Aditya Birla Capital customer service in case of any query, grievance, feedback or complaints.
1-800-270-7000
FAQs On Aditya Birla Housing Loan
The UBI home loan interest starts at 6.80% and goes up to 12.65%. The rates of interest are subject to the type of rate, repayment period, credit history and other factors.
The Aditya Birla home loan processing fee ranges up to 1% of the loan amount plus the applicable charges.
The applicant should be at least 21 years to apply for the Aditya Birla housing finance. The salaried and self employed individuals can apply for the loan. Maximum age to apply for this loan is 60 yeast for salaried people and 70 for self employed applicants.
Last Updated on : 08/Apr/2021Know More About
You're eligible for a Aditya Birla Capital Home Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Aditya Birla Capital Home Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 9% - 12.5% |
| Processing Fees | 1% |
| Loan Tenure | year to 30 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Home Loans EMI Calculator