Apply for Aadhar Home Loan Housing Finance online at lowest interest rates 2023. Check eligibility criteria, Interest Rates, Eligibility, Documents, Processing Fees at Deal4loans.
Aadhar Housing loans are provided to individuals, corporate, firms, associations, societies at very competitive rates of interest. The purpose of loan could be varying from construction/purchase of a house/flat, renovation, repairs, up gradation / extension to purchase of a plot for construction at a later stage. Tenure of the loan ranges from 2 years to 15 years. It also considers loans against mortgage of residential/commercial properties at selected centers.
Home Loan applications received for rupees ₹ 419,027 crores till 27 January 2023
आधार गृह ऋण आवास वित्त के लिए न्यूनतम ब्याज दरों पर ऑनलाइन आवेदन करें। पात्रता मानदंड, ब्याज दरें, पात्रता, दस्तावेज, प्रोसेसिंग शुल्क की जाँच करें।
The company provides finance for builders, developers etc. at reasonable rate of interest and also selectively entertains proposals for construction / purchase of commercial complexes.
You can avail of an Aadhar Home Loan up to Rs. 1,00,00,000/- but not exceeding 80% of the cost of property. The actual loan amount is determined after assessing the individuals requirement and his repayment capacity based on various factors like:
- Educational background
- Stability and Continuity of income
- Number of dependents in the Family
- Co-applicant’s income
- Saving habits, and others
To calculate your indicative home loan eligibility based on your financial background you can use our
Documents required for Aadhar Housing Finance Home Loan?
The documents checklist for both salaried as well as self-employed applicants is mentioned in the below-given table.
|Photo ID Proof||Voter ID/Passport/Aadhar Card/PAN Card/Driving License||Voter ID/Passport/Aadhar Card/PAN Card/Driving License|
|Address Proof||Telephone Bill/Electricity Bill/Passport/Pass Book with Address/Ration Card/Bank Statement||Telephone Bill/Electricity Bill/Passport/Pass Book with Address/Ration Card/Bank Statement|
|Income Proof||Last 3-month Salary Slip, Bank Statement/Pass Book for the Past 6 Months||ITR for Last 3 Years along with Balance Sheet and Profit & Loss Account for the Last 3 Years Attested by a CA, Last 1-year Bank Statement, Tax Deduction Certificate (If Applicable), Partrnership Deed Copy (If Applicable), Tax Paid/Self-Assessment Tax Challan|
|Company Profile||In case you are working in a less known organization||N.A.|
|Product||Processing Fees||Administrative Charges|
|Home Loan / Top up on HL Except NIP||Rs.3500 + GST||1.5% + GST|
|NIP||Rs.3500 + GST||2% + GST|
|PROCESSING FEE – PROJECT LOAN||2% of the sanction loan amount Plus Applicable GST or Govt Taxes #|
|INITIAL PROCESSING FEE – NON REFUNDABLE||Rs.3500 Plus Applicable GST or Govt Taxes #|
|“SUBSEQUENT TECHNICAL VERIFICATION (Only in Construction Cases)”||Rs.500 Plus Applicable GST or Govt Taxes #|
|“CHEQUE/ECS/DIRECT DEBIT/ACH RETURN CHARGES (PER INSTRUMENT/TRANSACTION)”||Rs.500 Plus Applicable GST or Govt Taxes #|
|“OVERDUE/PENAL CHARGES (DEFAULT ON NON PAYMENT OF INSTALMENT – EMI/PEMI)”||2% of Due amount @ per month|
|RECOVERY (LEGAL/POSSESSION & INCIDENTAL CHARGES)||As Per Actual Plus Applicable GST or Govt Taxes #|
|CHEQUE/ECS/DIRECT DEBIT/ACH SWAPPING (PER SET)||Rs.500 Plus Applicable GST or Govt Taxes #|
|DUPLICATE NO DUES CERTIFICATE||Rs.500 Plus Applicable GST or Govt Taxes #|
|COPY OF PROPERTY PAPERS||Rs.500 Plus Applicable GST or Govt Taxes #|
|PREPAYMENT OF LOAN||“For Home Loan/LAP at variable rate – NIL
For Home Loan/LAP at fixed rate – 2% of the loan outstanding.
(Except own source and sale of property)
For Project Loan – 2% of the Loan Outstanding”
|DOCUMENT RETRIEVAL (any type)||Rs.2000 Plus Applicable GST or Govt Taxes #|
|ANY TYPE OF STATEMENT||Rs.500 Plus Applicable GST or Govt Taxes #|
|CONVERSION /SWITCH FEES||“Fixed to Variable – 1% of Loan outstanding Plus Applicable GST or Govt Taxes #
Variable to Fixed – 1.5% of Loan outstanding Plus Applicable GST or Govt Taxes #”
|LOAN CANCELLATION & REBOOK CHARGES||Rs.1500 Plus Applicable GST or Govt Taxes #|
- Processing Fee is non refundable
- This is a receipt of your loan application. You may contact our sales executive/Branch within 5 to 6 Days for preliminary discussion or further completion of documents if deemed necessary
- All charges/fees to be paid through AHFL Branches/ AHFL Representatives by A/c payee crossed cheque in favour of “Aadhar Housing Finance Ltd.”
- Cash payments to be made ONLY against valid receipt issued by AHFL Branches at their office.
- AHFL does NOT charge any amount over and above the charges mentioned above and will NOT be liable or responsible for making payment of any amount to unauthorized persons.
#Applicable GST or Govt Taxes (Service Tax or GST or any other Tax ) will be charged extra along with above mentioned charges as applicable.
- The above terms & conditions have been understood / read over to us in my/our known language and we accept the same.
Aadhar Home Loan Approval and Disbursement Process
At Aadhar Housing finance, our primary goal is to make it easy and simple for a customer to acquire a home loan. home loan application form is simple yet comprehensive. All you have to do is fill the application form, collate the essential documents required to process your home loan and submit it to us along with a cheque favouring “Aadhar Housing Finance Private Ltd” for the initial processing fees. If you have any questions at this stage or need help with this, home loan advisors are at hand to assist you with your application.
Here is a quick, step-by step guide to the process we follow in our endeavour to disburse your housing loan at the earliest.
Step 1 : Assessment
At this stage, we want to determine that you can afford the loan repayments. Our credit team will conduct income verification and validate the accuracy of the information you have provided.
A credit check will then be carried out to reveal your credit history; in this case we as a lender will obtain a credit report that will show the following details :
- Personal details such as : Name, Residential Addresses, Date of Birth and PAN card number
- Records of some recent credit accounts
- Overdue Accounts (Defaults) which may have been listed against your name, including an indicator on whether the default amount has been paid or not.
As your credit history plays an important part in the home loan application process, it is always advisable to clarify and resolve any credit related issues before lodging your loan application.
Step 2 : Conditional Loan Sanction
If there are no major issues with your income verification and credit checks, we at Aadhar Housing will provide a conditional sanction for your loan. This means that we will issue a formal Letter of Offer cum acceptance favouring all the applicants to the loan. We recommend all applicants read this document carefully, sign and return it to us, making sure the information is correct and that everyone understands all the terms and conditions.
Your Aadhar Housing Finance Home Loan executive will be there to guide you through this step and assist you in compiling documents, should we require any further information.
Step 3 : Security Assessment
- Technical Assessment: A qualified technical officer will conduct a valuation on the property you intend to purchase and any property that will be used as security.
- Legal Assessment: A qualified lawyer will examine the property documents i.e. chain of agreements/title etc to determine if the property documents provided by you are conducive for lending.
Step 4 : Loan Disbursement
Once you have formally accepted our loan offer, a thorough scrutiny of all of the above steps is conducted by us to ensure accuracy of the entire process. Once the final check is completed, you need to submit the final processing fee cheque (all other charges as mentioned in the tariff schedule) to your Aadhar housing executive favouring “Aadhar Housing Finance ltd”.
Upon receiving the funds you will start paying your first home loan repayment usually from the next month after the disbursement date.
And with these four simple steps, you and your family become a proud owner of your own Home.