Aditya Birla Housing Finance - Apply for Aditya Birla Home Loan Online @8.60% 22nd January 2025

Aditya Birla Housing Finance Details

The key details of Aditya Birla Housing Finance home loan are mentioned in the table below:

Loan amount	75% to 90% of property’s value
Interest rate	8.60% onwards for salaried/self-employed professionals & 8.75% onwards for self-employed non-professionals
Processing fee	Up to 1% of the loan amount
Prepayment charges	Nil for floating interest rate loans & 2% to 4% for fixed interest rate loans
Penal interest	Up to 2% per month (24% p.a.)
Tenure	Up to 30 years
Age	Minimum 21 years

Aditya Birla Housing Finance Home Loan Interest Rates

Aditya Birla Finance home loan interest rates are dependent on various factors, including the loan amount, tenure, borrower’s credit score and repayment capacity. Following are the standard interest rates offered by Aditya Birla Capital on home loans:

Borrower Type	Rate of Interest
Salaried	Starting from 8.60% p.a.
Self-employed Professional (SEP)	Starting from 8.60% p.a.
Self-employed Non Professional (SENP)	Starting from 8.75% p.a.

Compare Interest Rates on Home Loans for Top Banks

Below is the comparison table of Aditya Birla Home Loan Finance home loan interest rate with other top lenders to help you choose the best option:

Bank/NBFC	Rate of Interest
Aditya Birla Housing Finance Limited	8.60% p.a. onwards
PNB Housing Finance Ltd.	8.50% to 11.45% p.a.
State Bank of India	8.50% to 9.65% p.a.
IDBI Bank	8.50% - 12.35% p.a.
South Indian Bank	8.70% to 11.70% p.a.
IDFC First Bank	8.85% p.a. onwards
ICICI Bank	8.75% p.a. onwards
Kotak Mahindra Bank	8.75% p.a. onwards
Bajaj Finserv	8.50% p.a.
Axis Bank	8.75% to 12.85% p.a.
HDFC Bank	8.75% to 9.95% p.a.
Federal Bank	8.80% p.a. onwards
Tata Capital	8.75% p.a. onwards

Aditya Birla Housing Finance Processing Fees & Charges

Following are the fees and charges associated with Aditya Birla home loan:

Type of Charge	Description
Processing fee	Up to 1% of the loan amount
Part prepayment/ foreclosure charges	Nil for floating interest rate loans & 2% to 4% for fixed interest rate loans
Late payment penalty	12% to 24% p.a. + GST
Non-submission of critical post disbursement documents	Rs. 3000 per month
Cheque bounce/ NACH failure or bounce charges	Rs. 750 per instance
Non-submission of revised NACH/ ECS debit mandate registration wherever applicable	Rs. 1,000 per month
NACH mandate exchanging charges	Rs. 750 per instance per loan account
Accrued interest	As applicable based on actual delayed status/ as communicated by the lender from time to time
CERSAI charges	Rs. 50 per property when facility amount is up to Rs. 5 Lakhs & Rs. 100 per property when facility amount is above Rs. 5 Lakhs
Pre-closure quote charges	Rs. 1,000 per instance
Requesting copies of any collateral held with ABHFL	Rs. 750 per instance
Requesting for duplicate statement/ repayment schedule other document	Rs. 200 per instance
Cheque return/ ECS failure charges	Rs. 750 per instance
CIBIL report retrieval fee	Rs. 50 per instance for consumer & Rs. 500 for commercial CIBIL
Loan rescheduling charges	0.5% of principal outstanding + GST
Rate revision within same interest type	Rs. 1,000 + GST per loan account on every rate revision
NOC issuance charges	Rs. 500 per instance
Swap charges for fixed to floating & vice versa	2% of principal outstanding plus applicable GST
Stamp duty, legal & other statutory charges	As per actual, where applicable

How to Calculate Aditya Birla Housing Housing Finance Home Loan EMI?

The easiest and fastest way to calculate your Aditya Birla Housing Housing Finance Home Loan EMI is by using the online Home Loan EMI calculator tool, which is available for free on our website. All you need to do is enter the required loan amount, interest rate, and tenure to calculate your home loan EMI. Along with EMI, the home loan calculator provides the entire amortisation schedule for complete repayment tenure of your loan.

Aditya Birla Housing Finance Home Loans Eligibility

Following are the Aditya Birla housing loan eligibility criteria:

Eligible candidates: Salaried Indian residents, NRIs & PIOs, and self-employed with formal income.
Minimum age of the applicant when applying for the loan: At least 21 years.
Maximum age of applicant at loan maturity: 60 years if salaried and 70 years for self-employed.
Loan-to-value (LTV): 90% for property value up to Rs. 30 Lakhs, 80% for property value above Rs. 30 Lakhs & up to Rs. 75 Lakhs, and 90% for property value above Rs. 75 Lakhs.
Minimum income: Rs. 25,000 per month for salaried and Rs. 3 Lakhs per annum for self-employed.
Minimum experience/ vintage: 3 years.
Minimum CIBIL score: 700 & above/ new to credit (NTC).

For more details about the eligibility criteria, you may contact Aditya Birla Housing Finance customer care number i.e. 1800-270-7000.

Documents Required Aditya Birla Housing Finance Home Loans

Below is the list of Aditya Birla Housing Loan document requirement for salaried and self-employed applicants:

Documents List for Salaried Applicants

Application	Duly completed loan application form along with latest passport size colour photographs signed by all the applicants/ co-applicants/ guarantors
Identity & address proof	Any one of the below-mentioned documents: Voter ID Valid Passport Driving License Proof of Possession of Aadhaar (with first 8 digits masked/ blacked out) Job Card issued by NREGA Letter issued by the National Population Register Any other document as notified by the Central Government in consultation with the Regulator
Signature proof	Copy of PAN Card Copy of laminated permanent Driving License Copy of Passport Bank Verification (only scheduled commercial banks) Government ID Card for goverment employees Copy of entire Registered Sale Deed showing photo & signature Login/ processing fee cheque clearance ECS Mandate certified by authorised official of the bank from where loan repayment is to be made
Income proof	Recent 3 months’ salary slips showing all deductions and Form 16
Bank statement	Latest 6 months’ bank statement where salary is credited
Proof of other income	Rental receipts/ documents showing receipt of income
Property documents	Copy of Title Documents & Approved Sanction Plan

Documents List for Self-employed Applicants

Application	Duly completed loan application form along with latest passport size colour photographs signed by all the applicants/ co-applicants/ guarantors
Identity & address proof	PAN Card/ Form 60 along with any one of the below-mentioned documents: Voter ID Valid Passport Driving License Proof of Possession of Aadhaar (with first 8 digits masked/ blacked out) Job Card issued by NREGA Letter issued by the National Population Register Any other document as notified by the Central Government in consultation with the Regulator
Proof of business/ activity	Any two of the below-mentioned documents: Registration Certificate including Udyam Registration Certificate issued by the Government Certificate/ License issued by the municipal authorities under Shop & Establishment Act Sales & Income Tax Returns (provisional/final) 23CST/ VAT/ GST Certificate Certificate/ Registration document issued by Sales Tax/ Service Tax/ Professional Tax authorities IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT/ License/ Certificate of practice Complete Income Tax Return in the name of the sole proprietor Utility Bills such as electricity/ water/ landline telephone (not older than 2 months)
Signature proof	Copy of PAN Card Copy of laminated permanent Driving License Copy of Passport Bank Verification (only scheduled commercial banks) Government ID Card for goverment employees Copy of entire Registered Sale Deed showing photo & signature Login/ processing fee cheque clearance ECS Mandate certified by authorised official of the bank from where loan repayment is to be made
Income proof	Income Tax Returns/ Financial Documents for last 2 years & Computation of Income certified by a CA for last 2 years
Bank statement	Latest 6 months’ bank statement where income is credited
Proof of other income	Rental receipts/ documents showing receipt of income
Property documents	Copy of Title Documents & Approved Sanction Plan

Flexible repayment tenure up to 30 years
Attractive rate of interest, calculated on daily reducing balance

Aditya Birla Housing Finance FAQs

✅ What is the interest rate of an Aditya Birla home loan?

The interest rate of an Aditya Birla home loan starts from 8.60% p.a. for salaried/ self-employed professionals and 8.75% p.a. for self-employed non-professionals.

✅ What is the minimum CIBIL score for Aditya Birla Finance?

For easy and fast loan approval, it is recommended to have a minimum CIBIL score of 700 and above.

✅ How much salary is required for a home loan?

For Aditya Birla home loan, the minimum income required if Rs. 25,000 per month for salaried and Rs. 3 Lakhs per annum for self-employe applicants.

✅ How much salary is required for a 40 lakh home loan?

The salary required for a Rs. 40 Lakh home loan varies depending on your credit score, debt-to-income ratio, financial stability, and other factors. Generally, you will need a monthly salary of around Rs. 67,000 to Rs. 80,000 to qualify for a 40 lakh home loan.

✅ Can I apply for a home loan before selecting a property?

Depending on your income, ABHFL offers advance sanction letter to borrowers. You can use the sanction letter for searching the home. The loan amount sanctioned can be approved and disbursed as you finalize the property later.

✅ What is the collateral for home loan?

The property for which the loan is availed of, is itself considered as the collateral for home loan.

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