Aditya Birla Finance

Aditya Birla Finance

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 11.24 % p.a. to 13 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 60 years
  • Loan period from 5  years to 12 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 1.00  % to 2.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Aditya Birla Finance

Aditya Birla Housing Finance Limited is registered with the National Housing Bank. Aditya Birla finance has been diversifying its services since 1991 to meet all the financial issues of its customers. The company Aditya housing finance offers a complete range of housing finance solutions such as home loans home improvement and home construction loans, balance transfer and top-up loans, loans against property and construction finance.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 60 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Choose longer tenure of loan period maximum upto 12 years
Make your spouse as co applicant , her/his income will also be added in eligibility
EMIs of other loans lower your eligibility
Choose maximum amount for loan

Rate of Interest and Other Charges for Lease Rent Discounting are following

Rate Of Interest:

S.no.

Loan Type

Rate Of Interest

1

Lease Rent Discounting

11.24 % to 13%

Existing Loan take over or New Loan

Here are some points for this:

  • Loan tenure up to 12 years 
  • Quick & transparent processing 
  • Attractive interest rates 
  • Choose between simple EMIs or structured repayments 
  • Door step services 
  • Nil pre-payment charges for floating rate home loans given to individuals
  • Attractive balance transfer option available 

Features of Loan

Features of loan:

  • The loan can be taken either from commercial or residential property.
  • Maximum loan tenure is 12 years
  • High level of transparency when it comes to informing the customers about the various fees involved in loan inquiry
  • Attractive rate of interest.
  • Minimum loan amount is Rs 20 lakhs

Documents Required for this Loan:

For Salaried:

  • Last 2 years Form 16 or Income Tax Returns
  • Last 3 months salary slips
  • Last 6 months bank statement reflecting salary credits

For self employed Individual/ Proprietorship

  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  • Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  • Latest 12 months bank statement- Savings Account and Current Account
  • Existing Loans Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company

For Partnership Firm/ Partnership LLP

  • Age proof of all the partners in the form of PAN Card, Passport or Aadhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners Savings Bank Account
  • Partnership deed
  • Existing Loans Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company

For Private Limited / Limited Company

  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director Savings Bank Account
  • Existing Loans sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company

For Property Documents

  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement