Aadhar Housing Finance - 10.25% for Home Loan - Home Renovation Loan

Aadhar Housing Finance Home Loan:

Aadhar housing finance home loan can be availed at an attractive rate of interest starting at 10.25% p.a.*

Aadhar Housing Finance home loan  also provides home loans for no-income-proof customers in rural India and claims to offer home loans with quick disbursal, minimal documentation, and doorstep servicing.

Aadhar Housing Finance Home Loan schemes offers multiple home loan schemes for the purchase of new home/resale property, plot purchase & home construction, and home renovation.

Interest Rate	10.25% p.a.*
Processing Fee	Salaried - 1.5% of loan amount + 18% GST Self-Employed - 2% of loan amount + 18% GST
Repayment tenure	Up to 30 years
Loan Amount	Up to Rs 1 crore

 

Key Features of Aadhar Housing Finance Home Loan:

1. Attractive home loan options.

2. Fast & Transparent loan procedure.

3. Simplified documentation.

4. Doorstep service with fastest process.

5. Loan tenure: up to 30 years.

6. Home loans available without income proof.

 

Aadhar Housing Finance Home Loan Interest Depends Upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income. Higher the income, lesser will be the rate

 

2. Type of loan opted for:

Aadhar Housing Finance also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

3. Existing bank customers:

Aadhar Housing Finance offers one of the lowest home loan rates to its existing bank account customers in view of their past relationship with the bank.

 

Aadhar Housing Finance Home Loan:

Apply

Apply for an Aadhar Housing Finance Home Loan easily on Apnarupee.com – a channel partner for India’s top banks.
Our loan experts assist you throughout the process – from documentation to disbursal.
You can also compare Aadhar Housing Finance Home Loan rates with other banks before choosing the best deal for your home loan needs.

 

Aadhar Housing Finance Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months’ pay slip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile.

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Aadhar Housing Finance Loan Against Property Schemes:

1. Home Loan for Salaried Employees

Purpose: 

For salaried employees across different sectors and pay grades

Loan Amount:  Up to Rs 1 crore 

Tenure: Up to 30 years for individuals receiving salary through bank accounts Up to 20 years for those receiving salary in cash

LTV ratio: 80% of the actual property cost

 

2. Home Loan for Self-employed:

Purpose: For self-employed individuals, including those lacking formal income documents

Loan Amount: Up to Rs 1 crore

Tenure: Up to 20 years (the borrower should be less than 70 years on loan maturity)

LTV ratio: Up to 80% of the cost of the property for loan amount up to Rs 75 lakhs Up to 75% in case the loan amount exceeds Rs 75 lakh

 

3. Loan for Construction/Plot Purchase

Purpose: For Salaried/self-employed professionals to purchase non-agricultural land within Municipal or Local Development Authority limits

Loan Amount: Up to Rs 1 crore for plot purchase and up to Rs 1 crore for plot and construction

Tenure: Up to 20 years (plot loan only) and up to 30 years (plot + construction loan). The tenure should not exceed the retirement age.

LTV ratio:

Up to 70% of the plot cost in case of plot purchase only

Up to 80% of the construction cost in case of construction

 

4. Home Improvement Loan

Purpose: For all the home renovation activities such as painting, plumbing, plastering, roofing, flooring, replacement of any non-movable asset, grilling, etc.

Loan Amount: Up to Rs 1 crore

Tenure: 

For applicants receiving salary through bank A/c- Up to 30 years

For applicants receiving salary in cash- Up to 20 years

For Self-employed- Up to 20 years (the borrower should be less than 70 years of age at the time of loan maturity)

LTV ratio: Up to 100% of the estimated renovation cost)

 

5. Home Extension Loan

Purpose: For home extension requirements, such as new room addition or construction of new floors

Loan Amount: Up to Rs 1 crore

Tenure: 

For applicants receiving salary through bank A/c- Up to 30 years

For applicants receiving salary in cash- Up to 20 years

For self-employed- Up to 20 years (the borrower should not be more than 70 years of age at the time of loan maturity)

LTV ratio: Up to 100% of the estimated cost of extension

 

6. Balance Transfer and Top-up

Purpose: For transferring existing home loan availed from another bank/HFC to Aadhar Housing Finance at lower interest rates.

Tenure:

For applicants receiving salary through bank A/c- Up to 30 years

For self-employed- Up to 20 years (subject to retirement age)

For applicants receiving salary in cash – Up to 20 years

 

7. Pradhan Mantri Awas Yojna (PMAY)

Purpose: A scheme launched by the government to solve housing problems of individuals living in urban areas having an annual household income of up to Rs 6 lakhs.

Interest Subsidy: 6.5% (up to Rs 2.67 lakhs)

Tenure: Up to 20 years

 

8. Aadhar Gram Unnati

Purpose:

It ensures safe housing in small towns and districts, irrespective of the social and professional status of the applicant. It involves the following features:

No income proof

No profession bias

Doorstep service

Easy repayment

No income bias

 

Products Offered:

Plot Purchase Loan

Home Purchase Loan

Home Construction Loan

Home construction + Plot purchase

Loan Against Property

Balance Transfer

Home Extension Loan

Home Improvement Loan

Commercial Property Construction/Extension Loan

 

9. Pradhan Mantri Awas Yojna:

The family of the beneficiary should comprise of wife, husband, and children (unmarried)

In the case of the EWS and LIG category, the owner of the property should be a woman (joint or single)

The family of the beneficiary should not own a pucca house in his/her name or in the name of any of his/her family members.

The property should be in the urban areas listed by the government

 

10. Aadhar Gram Unnati:

The applicant can be from formal and informal groups such as government employees, employees from class 4 & 5 grade, individuals with cash salary and no income proof, and small business owners.

 

Frequently Asked Questions:

Q. Who can be the co-applicant for Aadhar Housing Finance Home Loan?

Ans. The immediate family members including parents, children or spouse can be the co-applicants to home loans.

It is mandatory for all the co-owners of the home property to be the co-applicants.

However, the co-applicants may or may not be co-owners.

 

Q. What factors determine the loan amount eligibility?

Ans. The loan amount eligibility is determined on the basis of age, income, liabilities, assets, educational background, stability and continuity of income, investments, etc. of the applicant and co-applicants (in case of joint home loan).