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Aditya Birla Finance Ltd(Prime-Loan Against Property)
Aditya Birla Finance Ltd(Prime- Loan against Property)
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Aditya Birla Finance Ltd(Prime-Loan Against Property)
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Aditya Birla Finance Ltd(Prime-Loan Against Property)Here are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 650+ |
| Applicant | Any Salaried & Self Employed |
| Applicant Age | (i) Salaried: 21 year to 65 Year (ii) Self Employed: 21 Year to 70 Year |
| Loan Amount & Tenure | 50
Lac- 25 Cr ( 3 Year to 15 Year) |
| Login Fees | 5900 |
| Rate of Interest & Type | 10.50%-12% (Reducing) |
| TAT | 4 days |
| Processing Fees | 1% |
| Foreclosure Charges | Upto 4% |
| Insurance | As per Age |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i)
Residential-75% (ii) Commercial-70% (iii) Industrial-70% (iv) Plot-60% (v) if residential is rented or vacant then LTV will be 5% lower (vi) if Commercial or Industrial Purchase/Rented/Vacant then LTV will be 5% lower |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial or Industrial Purchase (iv) Lease Rental Discounting |
| Program | (i)
Banking Program-7.5 Cr (ii) Income Program-25 Cr (iii) GST Surrogate-12 Cr (iv)Low LTV-5 Cr (40% of Property value) (v) RTR Program-5 Cr (vi) LIP Program-3.5 Cr (vii) Cash Rental-2 Cr (25% of Cash Rent) |
| FOIR | (i) Salaried:<50k-50%,50K-1 Lac-60%, >1 lac-70% (ii) Self Employed-100% of Cash Profit |
| Cautious Profile | (i) Builders (ii) Real Estate (iii) Person living in dominated area |
| Negative Profile | (i) Politian (ii) GYM (iii) Share Traders (iv) NBFC (v) Police (vii)DSA (vI Jewellers |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property
(iv)Plot (v) Hospital & Nursing Home (vi) Hotel (vii) Auction Property (if auction before 3 year) (viii) Farm House (ix) Warehouse |
| Negative Property | (i)
School (ii) Lease hold Property without PTM (iii)Stand Alone Basement (iv) Lal Dora Property (v) Unapproved Freehold Property (vi) Unapproved 3rd Floor & above (vii) Legal & Technical not clear |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | NA |
| Any Specific Product for Professionals | No |
| USP | (i) Upto 3.50 Crore No financial Required (ii) Industrial Lease Rental Discounting |
| Additional | (i)
Multi Tananetd Unit will be funded upto 5 Tanent (ii) Demolition List property is fundable if entire property is coming (iii) Regularized Colony doing (iv) Stone Slab property/Gift Deed Property subject to sale deed/Current Sale Deed Property doing |
Aditya Birla Finance Ltd(Prime-Loan Against Property) EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 10 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,792 |
| Total Interest | ₹ 5,499 |
| Loan Amount + Interest | ₹ 105,499 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,076 | ₹ 2,300 | ₹ 26,376 | ₹ 75,924 | 24.08 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,929 | ₹ 3,199 | ₹ 79,128 | ₹ 0 | 100.01 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Aditya Birla Finance Ltd(Prime- Loan Against Property)
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
About Aditya Birla Finance Ltd (Prime- Loan Against Property)
It becomes quite tough to organize money when there is a sudden need for it. With this in mind, Aditya Birla Finance offers you the ideal mix of a larger loan amount, duration, and rates to support you during crucial points in your life. A loan against property (LAP), a key form of funding provided by Aditya Finance, is essential. Aditya Birla Finance is there anytime you need it, whether it's for a personal or professional requirement. Anyone who is salaried or self-employed and requires immediate cash may use this financing option.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
A Loan Against Property (LAP) is a type of secured loan that enables you to take out money using your home or commercial property as security.
Your property's value—typically a percentage of its market value—determines the loan amount. Between lenders, it differs.
The loan amount can be used for a variety of things, such as business growth, educational costs, medical requirements, repayment of debts, or home improvements.
Depending on your ability to pay, the payback period can often be anywhere between 5 and 20 years.
LAP interest rates are often lower than unsecured loans; however, they might change depending on your credit score, the value of your property, and the lending institution's requirements.
Yes, a lot of lenders let you pay off your loan early; however, others can impose penalties. Consult your lender about the details.
Lenders frequently take into account elements including your salary, home's worth, age, credit score, and job security.
Depending on the lender, loan approval periods might range from a few days to a few weeks if all the necessary paperwork is submitted.
A co-applicant, particularly a blood relative, can improve your loan eligibility. It's a good idea to ask the lender.
If you don't make payments on time, the lender may start a foreclosure procedure and sell the house to recoup the debt. It's critical to go over these instances with your lender and comprehend the consequences that follow.
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