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Disclaimer: Aadhar Housing Finance is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Aadhar Housing Finance for home loans. No offers/services from Aadhar Housing Finance are being provided by Paisabazaar for home loans. For further information about Aadhar Housing Finance for home loans, users are required to reach out directly to Aadhar Housing Finance.
| Aadhar Housing Finance Home Loan Highlights | |
| Interest Rate | 11.75%-17.00% p.a. |
| Loan Amount | Up to Rs 1 crore |
| Loan Tenure | Up to 30 years |
| Processing Charges | Up to Rs 3,500 |
Note: Rates as of 6th November 2024
Table of Contents
Aadhar Housing Finance Home Loan Interest Rates
Aadhaar Housing Finance home loan interest rates start from 11.75% p.a. onwards. The lender offers differential interest rates depending on the job profile of its applicants.
| Customer Type | Home Loan Interest Rate |
| Salaried | 11.75% p.a. to 16.50% p.a. |
| Self-employed | 12.75% p.a. to 17.00% p.a. |
Compare Home Loan Interest Rates with Other Lenders
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
Aadhar Housing Finance Home Loan Fees and Charges
| Processing charges (login fee) | Up to Rs 3,500+applicable GST |
| Documentation charges | Rs 2,000 to Rs 5000+applicable GST |
| (charges vary as per the loan sanction amount slab) | |
| CERSAI charges | Rs 100+applicable GST |
| Administrative charges | LAP/NIP/Project loan: Rs 5,100 or 2%+applicable GST as per loan sanction amount slab |
| Login fee (non-refundable) | Rs 3,500+applicable GST |
| Legal/Valuation/Technical charges | Rs 3,000 to Rs 5800+applicable GST (charges vary as per the loan sanction amount slab) |
| ECS/ACH Bounce/Direct debit/Cheque (per instrument/transaction) | Rs 500+applicable GST |
| ECS/ACH swapping/Direct debit/Cheque (per set) | Rs 500+applicable GST |
| Additional interest on default installment-(EMI/PRE-EMI) | 2% of the due amount |
| Recovery charges (Legal/possession and incidental) | As per the actual + applicable GST |
| Insurance charges | As per the actuals |
| Prepayment | For home loan + LAP(at fixed rates): 2% of outstanding loan + applicable GST |
| For home loan + LAP (at variable rates): NIL | |
| For project loan: 2% of outstanding loan + applicable GST | |
| Conversion charges | 0.50% of the outstanding principal and undisbursed amount at the time of conversion |
| Switch fees | Fixed to variable: 1% + applicable GST on outstanding |
| Variable to fixed: 1.5% + applicable GST on outstanding | |
| Duplicate no dues certificate | Rs 500 + applicable GST |
| Document handling | Rs 2,000 + applicable GST |
| Any type of statement | Rs 500 + applicable GST |
| Copy for property papers | Rs 500 + applicable GST |
Types of Aadhar Housing Finance Home Loan
Home Loan for Salaried Employees
Purpose: For salaried employees across different sectors and pay grades
Interest Rates: 11.75% p.a. to 16.50% p.a.
Loan Amount: Up to Rs 1 crore
Tenure: Up to 30 years for individuals receiving salary through bank accounts
Up to 20 years for those receiving salary in cash
LTV ratio: 80% of the actual property cost
Home Loan for Self-employed
Purpose: For self-employed individuals, including those lacking formal income documents
Interest Rates: 12.75% p.a. to 17.00% p.a.
Loan Amount: Up to Rs 1 crore
Tenure: Up to 20 years (the borrower should be less than 70 years on loan maturity)
LTV ratio: Up to 80% of the cost of the property for loan amount up to Rs 75 lakhs
Up to 75% in case the loan amount exceeds Rs 75 lakh
Loan for Construction/Plot Purchase
Purpose: For Salaried/self-employed professionals to purchase non-agricultural land within Municipal or Local Development Authority limits
Loan Amount: Up to Rs 1 crore for plot purchase and up to Rs 1 crore for plot and construction
Tenure:Up to 20 years (plot loan only) and up to 30 years (plot + construction loan). The tenure should not exceed the retirement age.
LTV ratio:
- Up to 70% of the plot cost in case of plot purchase only
- Up to 80% of the construction cost in case of construction
Home Improvement Loan
Purpose: For all the home renovation activities such as painting, plumbing, plastering, roofing, flooring, replacement of any non-movable asset, grilling, etc.
Loan Amount: Up to Rs 1 crore
Tenure:
- For applicants receiving salary through bank A/c- Up to 30 years
- For applicants receiving salary in cash- Up to 20 years
- For Self-employed- Up to 20 years (the borrower should be less than 70 years of age at the time of loan maturity)
LTV ratio: Up to 100% of the estimated renovation cost)
Home Extension Loan
Purpose: For home extension requirements, such as new room addition or construction of new floors
Loan Amount: Up to Rs 1 crore
Tenure:
- For applicants receiving salary through bank A/c- Up to 30 years
- For applicants receiving salary in cash- Up to 20 years
- For self-employed- Up to 20 years (the borrower should not be more than 70 years of age at the time of loan maturity)
LTV ratio:Up to 100% of the estimated cost of extension
Balance Transfer and Top-up
Purpose: For transferring existing home loan availed from another bank/HFC to Aadhar Housing Finance at lower interest rates.
Tenure:
- For applicants receiving salary through bank A/c- Up to 30 years
- For self-employed- Up to 20 years (subject to retirement age)
- For applicants receiving salary in cash – Up to 20 years
Pradhan Mantri Awas Yojna (PMAY)
Purpose: A scheme launched by the government to solve housing problems of individuals living in urban areas having an annual household income of up to Rs 6 lakhs.
Interest Subsidy: 6.5% (up to Rs 2.67 lakhs)
Tenure: Up to 20 years
Covid-19 Warriors Griha Loan
- For Covid frontline warriors looking to own a house at lower interest rates
- Complimentary health insurance (including covid related expenses)
- Applicants with low credit scores can also apply.
- Faster application for loan processing
Aadhar Gram Unnati
Purpose:
It ensures safe housing in small towns and districts, irrespective of the social and professional status of the applicant. It involves the following features:
- No income proof
- No profession bias
- Doorstep service
- Easy repayment
- No income bias
Products Offered:
- Plot Purchase Loan
- Home Purchase Loan
- Home Construction Loan
- Home construction + Plot purchase
- Loan Against Property
- Balance Transfer
- Home Extension Loan
- Home Improvement Loan
- Commercial Property Construction/Extension Loan
Check Lenders Offering Home Loan With Overdraft Facility Click Here
Aadhar Housing Finance Home Loan Eligibility Criteria
For Salaried Individuals
The monthly salary of the loan applicant should be Rs 5,000.
For Self-employed
- The applicant should be working with a service industry either as self-employed or a trader and should have experience of at least 3 years
- All the registrations needed by the statutory authorities and local laws are compulsory
- The business should not be on encroachment land.
- The business premises should follow approved construction plans
Read more about Home Loan Eligibility Criteria set by Top Lenders
Pradhan Mantri Awas Yojna
- The family of the beneficiary should comprise of wife, husband, and children (unmarried)
- In the case of the EWS and LIG category, the owner of the property should be a woman (joint or single)
- The family of the beneficiary should not own a pucca house in his/her name or in the name of any of his/her family members.
- The property should be in the urban areas listed by the government
Covid-19 Warriors Griha Loan
For Salaried Employees
- Municipal Corporation employees
- Government salaried employees
- Central and state transport providers
- Individuals working in medical facilities, for eg., hospitals, pathologies, pharma companies, chemist stores, etc
- Police departments and armed force employees
- Private security service providers
- Employees of banks, HFCs, NBFCs, or other financial institutions
For Self-employed (essential goods provider- retail and wholesale)
- Owners of general and provisional stores
- Fruits and vegetable vendors
- Milk suppliers
- Employees engaged in medical activities
Aadhar Gram Unnati
The applicant can be from formal and informal groups such as government employees, employees from class 4 & 5 grade, individuals with cash salary and no income proof, and small business owners.
Check the home loan eligibility criteria set by top lenders Click Here
Documents Required for Aadhar Housing Finance Home Loan
Photo ID proof
- Aadhar card
- PAN
- Passport
- Driving License
- Voter ID
Residence Proof
- Electricity Bill
- Passport
- Letter from employer
- Telephone Bill
- Ration card
For Salaried Individuals
- Salary slips for the last 3 months
- Bank statement of last 6 months
- Details of the company you work with
For Self-employed Businessmen
- Income Tax Returns for past 3 years
- Balance sheet and profit and loss account statement for last 3 years attested by a CA
- Short business profile on the firm’s letterhead
- Savings and current account statements for the last 1 year
- Copy of mandatory licenses and registrations such as VAT registration/shop license/established license
- Form 16A
- Copy of tax deduction certificate
- Contract details
- Copy of advance tax receipt
Self-employed Professionals
- Copies of educational certificates
- Copies of professional practice certificates
- Salary certificates (for instance if doctors have salaried income)
- CA attested copies of profit and loss account details and balance sheet for the last 3 years.
- Income Tax Return of the last 3 years
- Current and savings account statement for the last 1 year
- Partnership deed copy (if any)
- Copy of mandatory registrations and licenses
- Brief business profile on the letterhead of the firm
- Copy of tax deduction certificate/Form 16A
- Details of the work contract (if any)
- Copy of advance tax paid
Also Know about Top 10 Banks for Home Loan
Aadhar Housing Finance Home Loan EMI Calculator
Aadhaar Housing Finance Home Loan EMI Calculator can be used to calculate the interest cost and EMIs payable throughout the loan tenure. Applicants need to enter the loan amount, loan tenure and interest rate in the home loan EMI calculator given below and calculate the results.
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
FAQs On Aadhar Housing Finance Home Loan
1. What is the home loan interest rate offered by Aadhaar Housing Finance?
Ans. Aadhaar Housing Finance offers home loan interest rates ranging between 11.75% p.a. to 17% p.a. depending on the credit profile of the applicants.
2. What is the maximum home loan amount that can be availed from Aadhaar Housing Finance?
Ans. Aadhar Housing Finance claims to offer a maximum loan amount of up to Rs 1 crore to its home loan applicants.
3. At what minimum credit score can I apply for Aadhaar Housing Finance Home Loan?
Ans. Aadhaar Housing Finance has not disclosed the minimum credit score required for availing home loan. However, applicants having a credit score of 700 and above usually have higher chances of availing home loans.
4. Who can be the co-applicant for Aadhar Housing Finance?
Ans. The immediate family members including parents, children or spouse can be the co-applicants to home loans. It is mandatory for all the co-owners of the home property to be the co-applicants. However, the co-applicants may or may not be co-owners.
5. How can I apply for Aadhaar Housing Finance Home Loan?
Ans. You can apply for Aadhaar Housing Finance home loan directly through the official website of the HFC. You can also visit financial marketplaces like Paisabazaar to apply for Aadhaar Housing Finance.
6. What are the foreclosure charges for availing Aadhaar Housing Finance Home Loan?
Ans. For home loans availed at floating interest rates, Aadhaar Housing Finance does not charge any foreclosure charges. However, the lender charges 3% of the outstanding loan amount on prepayment of fixed rate home loans.
7. Can I prepay my home loan availed from Aadhar Housing Finance?
Ans. Yes, you can prepay your home loan availed from Aadhar Housing Finance. The bank does not levy any prepayment charges on home loans at floating rates. However, 2% of outstanding principal is charged on prepaying home loans availed at fixed rates.
8. What factors determine the loan amount eligibility of Aadhar Housing Finance?
Ans. The loan amount eligibility is determined on the basis of age, income, liabilities, assets, educational background, stability and continuity of income, investments, etc. of the applicant and co-applicants (in case of joint home loan).
9. Can the home loan applicants switch to lower rate under variable home loan product category as per the changes?
Ans. Yes, the HFC charges 0.50% of outstanding principal and undisbursed amount from the Aadhar housing finance home loan applicants at the time of switching to lower interest rate.