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Aditya Birla Housing Loan Against Property
Aditya Birla offers a complete range of housing finance solutions such as Home loans, Home Extension Loan, Plot & Home Construction Loan, Home Improvement Loans, etc.
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Aditya Birla Housing Loan Against Property
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Aditya Birla Housing Loan Against PropertyHere are a few factors
| Location | 65Km from Branch |
| CIBIL Score | 650+ |
| Applicant | Any Salaried & Self Employed |
| Applicant Age | (i) Salaried: 21 year to 60 Year (ii) Self Employed: 21 Year to 65 Year |
| Loan Amount & Tenure | 10
Lac- 50 Cr ( 3 Year to 15 Year) |
| Login Fees | 5900 |
| Rate of Interest & Type | 10%-14% (Reducing) |
| TAT | 7 days |
| Processing Fees | (i) Normal:1% (ii) LIP Program-1.25% |
| Foreclosure Charges | Upto 4% |
| Insurance | As per Age |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 24 month |
| Part Payment Allowed | No |
| LTV | (i)
Residential-70% (ii) Commercial-60% (iii) Industrial-55% (iv) Plot-50% (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-5 Cr (ii) Income Program-100 Cr (iii) GST Surrogate-15 Cr (iv)Low LTV-5 Cr (40% of Property value) (v) RTR Program-3 Cr (vi) Cash Rental-2 Cr (25% of Cash Rent) |
| FOIR | (i) Salaried:<12 Lac-60%,>12 lac-65% (ii) Self Employed-100% of Cash Profit |
| Cautious Profile | (i) Builders (ii) Real Estate (iii) Person living in dominated area (iv) Share Traders(v) Liquor Seller |
| Negative Profile | (i) Politian (ii) GYM (iii) NBFC (iv) Police (v) Advocates |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property
(iv)Plot (vii Auction Property (if auction before 3 year) (vii) Approved Farm House (viii) Warehouse & Commercial Complex (ix) PG Property & Multi Tanented Unit |
| Negative Property | (i)
School (ii) Hotel & Restaurnet (iii) Hospital & Nursing Home (iv) Lease hold Property without PTM (v)Stand Alone Basement (vi) Lal Dora Property (vii) Unapproved Freehold Property (viii) Unapproved 3rd Floor & above (ix) Legal & Technical not clear |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | (i) Sub-divided Property-50 Lac (ii) Stone Slab Property-20 lac if entire house |
| Any Specific Product for Professionals | (i) MBBS Doctors-4X of Gross Receipts (ii)Charetered Accountant-2X of Gross Receipts |
| USP | Structuring of Income for calculating Loan value |
| Additional | (i)
Multi Tananetd Unit will be funded upto 7 Tanent (ii) Demolition List property is fundable if entire property is coming (iii) Regularized Colony & Stone Slab property doing (iv) Direct Allotment cases are doing |
Aditya Birla Housing 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 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Save Your Time with a Simple Loan Process
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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.
Key highlights of Aditya Birla Loan Against Property
The sudden need for finances is sometimes unavoidable, whether personally or professionally. So, consider a loan against property as the first and best option for immediate funds. Also, as per the market trends, Aditya Birla Loan Against Property has been acting like a boom because of its lowest interest rates and higher loan amounts. Let us move ahead in this article and learn more about the benefits and other details of Aditya Birla Loan Against Property.
Required Documents to Apply for Aditya Birla 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
FREQUENTLY ASKED QUESTIONS
No, the Aditya Birla Loan Against Property has variable interest rates that are decided based on the customer's profile, the value of their property, their income, and their CIBIL score.
The minimum loan amount you can apply for is Rs. 10 Lakhs.
Yes, a loan against property is much better than personal loans because it gives greater flexibility on repayment options, low-interest rates, longer loan repayment tenures, and higher loan amounts.
Once you sign the loan agreement with Aditya Birla finance company, they would take up to 15 days for final loan approval and disbursal of the loan amount into your bank account.
Initially, the finance company will send you notices to pay the EMIs but still, if you do not pay, they will start with the auction formalities of your property.
Aditya Birla
Housing Loan Against Property is a loan product offered by Aditya Birla Housing
Finance Limited (ABHFL) where customers can pledge their property as collateral
to borrow funds for various purposes such as business expansion, education
expenses, marriage, medical expenses, etc.
The eligibility criteria
for Aditya Birla Housing Loan Against Property depend on factors like the
borrower's age, income, property value, and credit score. Typically,
individuals between 21 and 60 years old with a regular income and good credit
score are eligible.
The loan amount
available under Aditya Birla Housing Loan Against Property ranges from Rs. 10
lakhs to Rs. 5 crores, depending on the borrower's eligibility and the value of
the property being pledged.
The repayment
period for Aditya Birla Housing Loan Against Property is up to 20 years,
depending on the borrower's repayment capacity.
The interest rate for
Aditya Birla Housing Loan Against Property starts at 8.99% per annum, and it
varies based on factors like the loan amount, repayment period, property value,
and credit score.
The documents required
to apply for Aditya Birla Housing Loan Against Property include identity proof,
address proof, income proof, and property documents.
Yes, the loan
amount can be used for various purposes, such as business expansion, education
expenses, marriage, medical expenses, etc.
No, there is no
prepayment penalty for Aditya Birla Housing Loan Against Property.
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