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Aditya Birla Home Loan
Aditya Birla Housing Finance Limited (ABHFL) is a housing finance company that provides home loan products to customers throughout India. The company aims to provide affordable and flexible home loans with a focus on customer satisfaction. ABHFL has a presence in both urban and rural areas, and its home loan products offer competitive interest rates, flexible repayment options, and quick processing. ABHFL offers home loan products for salaried individuals, self-employed professionals, and business owners.Powered By
Aditya Birla Home Loan
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Here are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 675+, Minus 1 CIBIL Applicant |
| Applicant | Any Salaried or Self Employed Person |
| Applicant Age | Salaried-22
Year to 65 Year Self Employed-19 Year to 70 Year |
| Loan Amount & Tenure | 25
Lac to 25Cr . (5 Year to 25 Year) |
| Login Fees | 2950+ |
| Rate of Interest & Type | Salaried:8.90%
to 11% Self Employed: 9% to 11% |
| TAT | 7 Days |
| Processing Fees | 1%+GST |
| Insurance & Other Charges | Insurance Charges:1%-4% |
| Foreclosure Charges | Nil for Individual & 2% for other than individual |
| Minimum Income | Which is fit to cover EMI |
| Lock In Period | 1 Year |
| Part Payment Allowed | Yes |
| Home Loan OD Product | No |
| LTV | Approved Property-75% of Market Value |
| Product | New Home Purchase, Plot Purchase, Plot Purchase Construction, Construction Loan, Home Renovation, BT+Topup |
| Program | Banking
Program-5 Cr GST Program-5 Cr Income Program-25 Crore LIP Program-25 Cr |
| CO - Applicant | Yes |
| FOIR | 60% of Net Salary, 100% FOIR for Self Employed |
| Negative Profile | Real Estate, Cash Salary Applicant |
| Funded Property Type | (i) Residential Property (ii) Residential Plot Purchase (iii) Residential Plot Purchase & Construction |
| Negative Property | Khasra-Khatauni
Property, Lal Dora Property, Un-approved Property, GPA Property, Gram
Panchayat Property, Legal & technical not clear, GPA Property, Auction Property, Bachha Flat, Basement |
| Accepted Collateral | Approved Property, Approved Plot, Regularized Colony, Sub-divided Property, Without MAP Property, Subject to Sale Deed |
| Business Vintage for Self Employed Person | 2 Year |
| Minimum Job Experience for Salaried Person | 1 Year |
| Experience with Current Employer | 3 Month |
| Any Specific Product for Professionals | Yes, Lower ROI for CA & Doctors |
| USP | More options for Call on Property & Profile |
Required Documents to Apply for Aditya Birla Home Loan
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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Approved MAP of Property if available
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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 new purchase case
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Property Paper with complete chain of last 13 years
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Approved MAP of Property if available
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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 Home Loan
Buying a new home is a thought that comes to many people, and along with this thought, there are even some issues in their minds. So, if you want to buy a new home, you should definitely contact Aditya Birla Finance because they have many attractive home loan benefits. Aditya Birla is a leading Finance company these days and has been offering its customers in all aspects for a long time.
Aditya Birla offers customized home loan plans to fulfill your needs and requirements for home loans. They have a really quick and easy processing and disbursal process for home loans. Low processing fees, no hidden processing costs, and no security are the main features of Aditya Birla's home loan. Aditya Birla Finance offers customized home loan options to their customers, which include buying new or old homes; home renovations; home transfers; and also an extension of the existing home.
Different types of Home Loans at Aditya Birla Finance
Let’s have a look at various options of Home Loans available at Aditya Birla Finance:
Home Loans:
Individual or joint home loans for building a home, purchasing new or used property, etcAditya Birla offers home loan options to their customers to buy their dream homes. These home loans are flexible in nature in terms of the loan amount and the loan tenure.
Home extension loan:
Aditya Birla offers loans to their customers who wish to extend their current home structure.
Home improvement loan :
Aditya Birla offers loans to their customers who wish to make some renovations or improvements to their current homes.
Home construction loan:
Aditya Birla offers loans to their customers who wish to buy plots and build their own dream homes as per their needs.
Start with Aditya Birla Home Loan in few steps
If you are planning to apply for a home loan at Bank Of Baroda Home Loan there are certain details that you should be aware of, Let’s discuss
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
Yes, you can apply for a top-up loan with Aditya Birla and the loan amount will be based on your CIBVIL profile then.
No, there is no minimum home loan amount that can be applied for with Aditya Birla Finance.
Yes, co-applicant is not mandatory for applying for home loans with Aditya Birla Finance.
The minimum required CIBIL score to apply for Aditya Birla Home Loan is 750.
No, you can’t apply for a Home Loan at Aditya Birla if you don’t have a salary slip, as it represents your capability to repay the loan amount on time.
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