Aadhar Housing Finance Ltd Home Loan
Aadhar Housing Finance Ltd Home Loan Features and Benefits
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Interest Rates
Enjoy competitive interest rates starting from as low as 11.75% per annum, ensuring budget-friendly EMIs tailored to your financial needs.
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Flexible Loan Tenure
Choose repayment periods of up to 30 years, allowing for easy and manageable monthly installments.
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High Loan-to-Value Ratio
Avail loans covering up to 80% of the property value, reducing the upfront financial burden for homebuyers.
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Subsidy under PMAY
Eligible borrowers can benefit from the Pradhan Mantri Awas Yojana (PMAY) interest subsidy, making home loans even more affordable.
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Minimal Documentation
Simplified application processes with minimal paperwork ensure a hassle-free home loan experience.
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Eligibility for All Occupations
Both salaried and self-employed individuals, including those without formal income proof, are eligible to apply.
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Balance Transfer Facility
Easily transfer existing home loans to Aadhar Housing Finance Ltd and enjoy better terms and lower interest rates.
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Top-Up Loan Options
Get additional funds for home improvement, personal needs, or emergencies over your existing home loan.
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Tax Benefits
Maximize savings with tax deductions on principal repayment under Section 80C and interest payments under Section 24(b) of the Income Tax Act.
Aadhar Housing Finance Ltd Home Loan Eligibility Criteria
| Eligibility Criteria | Salaried Individuals | Self-Employed Individuals | Additional Benefits for Women |
|---|---|---|---|
| Age | 18 to 60 years at loan maturity | 18 to 70 years at loan maturity | Women applicants may be eligible for lower interest rates, enhancing affordability. |
| Income | Minimum monthly salary of ₹10,000 | Minimum annual income as per company policy | Women may benefit from reduced stamp duty charges in certain states, leading to cost savings. |
| Employment Stability | Minimum 3 years in current employment or 5 years total work experience | Minimum 3 years in current business | Collaboration with organizations like the Asian Development Bank to provide housing loans specifically for low-income women, improving access to financing. |
| Nationality | Indian citizens | Indian citizens | -- |
| Credit History | Satisfactory credit score as per company norms | Satisfactory credit score as per company norms | -- |
| Property Location | Property should be within approved locations as per company policy | Property should be within approved locations as per company policy | -- |
Aadhar Housing Finance Ltd Home Loan Schemes
Home Loan for Salaried Employees:Up to ₹1 crore with competitive interest rates starting at 11.75% and tenures up to 30 years.
Home Loan for Self-Employed: Customized loans up to ₹1 crore with flexible terms for professionals and business owners.
Plot Purchase and Construction Loan: Finance for land purchase and home construction with tenures up to 30 years.
Home Improvement Loan: Renovation loans up to ₹1 crore for property enhancements like painting, roofing, and plumbing.
Home Extension Loan: Funds for adding rooms or floors, catering to growing family needs.
Balance Transfer and Top-Up Loan: Transfer existing loans for better rates and avail extra funds for personal needs.
Pradhan Mantri Awas Yojana (PMAY): Subsidies up to 6.5% for eligible first-time homebuyers under the government’s affordable housing initiative.
Documents required for Aadhar Housing Finance Ltd Home Loan
To apply for a home loan with Aadhar Housing Finance Ltd, you will need to provide specific documents for verification. The requirements vary between salaried and self-employed individuals. Below is a list:
| Document Type Required Documents | |
|---|---|
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Identity Proof |
PAN Card, Aadhaar Card, Voter ID, Passport, Driving License, or Government-issued ID with a photograph. |
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Address Proof |
Utility Bills (Electricity, Water, Gas), Aadhaar Card, Voter ID, Passport, Driving License, Rent Agreement. |
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Income Proof (Salaried) |
Latest 3 months' salary slips, Form 16, Income Tax Returns (ITR), and 6 months' bank statements. |
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Income Proof (Self-Employed) |
3 years' ITR, GST registration, Profit & Loss statement, Balance Sheet, business address proof. |
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Property Documents |
Sale Deed, Title Documents, Approved Building Plan, Encumbrance Certificate, and NOC from authorities. |
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Additional Documents |
Recent passport-size photos, processing fee cheque, loan statements (if applicable). |
Tax Benefits on Aadhar Housing Finance Ltd Home Loan
Principal Repayment (Section 80C) : Deduction up to ₹1.5 lakh annually for the EMI principal portion.
Interest Payment (Section 24b) : Deduction up to ₹2 lakh annually for self-occupied property; no limit for let-out property.
First-Time Buyers (Section 80EE) : Additional deduction up to ₹50,000 for loans sanctioned in 2016-17.
Affordable Housing (Section 80EEA) : Extra deduction up to ₹1.5 lakh for properties ≤ ₹45 lakh.
Stamp Duty & Registration Charges (Section 80C) : Deductible within the ₹1.5 lakh Section 80C limit.
Joint Loans : Co-owners can individually claim benefits under Sections 80C and 24b, doubling tax savings.
Aadhar Housing Finance Ltd Home Loan EMI Calculator
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Aadhar Housing Finance Ltd Home Loan Processing Fee & Other Charges
Aadhar Housing Finance Ltd offers home loans with a low processing fee, ensuring affordability and value for customers. The charges are structured transparently and include minimal costs for application, documentation, legal evaluation, and other essential services. Special provisions are made to keep fees competitive while maintaining excellent service quality. Note: For detailed information, visit the official Aadhar Housing Finance Ltd website.
How to Apply for Aadhar Housing Finance Ltd Home Loan
Use our eligibility calculator to assess your qualification.
Submit Application
Assessment
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Aadhar Housing Finance Ltd simplifies homeownership with affordable loans, low processing fees, and transparent processes. Apply today and turn your dream home into reality with trusted financial support.
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