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Aadhar Housing Finance Loan Against Property
Apply for Loan Against Property(LAP)
Aadhar housing Finance LAP
Interest Rate
11.75% - 17%
Loan Amount
₹25L - ₹1Cr
EMI Per Lakh
₹2,212 - ₹2,485
Processing Fees
Pre-Payment Charges
--Features & Benefits of Aadhar Housing Finance Loan Against Property
Aadhar Housing Finance Ltd. is a housing finance company that prides itself on helping people from all walks of life to fulfil their dream of owning a home by providing them with attractive loan options. It serves people making as little as INR 5,000 per month in wages. The salaried applicants for an Aadhar Housing Finance Loan Against Property include teachers, police officers, members of the armed forces, and employees of private companies, government agencies, and railroads in grades III and IV. While Kirana shop owners, small vendors, plumbers, and carpenters, along with those working in the business of textiles, stationery, books, apparel, mobile and others, are included on the company’s list of self-employed home loan customers.
The following is a list of features and benefits of Aadhar Housing Finance LAP include the following:
- Individual or collaborative applications for the loan are accepted.
- Under the Pradhan Mantri Awas Yojna, applicants may receive housing loan subsidies.
- Loan terms of up to 30 years are available to customers.
- Private employees, government personnel teaching third and fourth grade, instructors, and law enforcement officers, among others, may apply for the loans.
- To qualify for a home loan from Aadhar Housing Finance, you must earn at least Rs. 5,000 per month in income.
Documents Required for Aadhar Housing Finance Loan Against Property
The table below lists the required documentation for both salaried and self-employed applicants to avail of an Aadhaar Housing Finance LAP.
Document Type | Salaried Applicants | Self-Employed Applicants |
ID Proof (Photo) | Passport, Voter Id, PAN Card, Aadhar Card or Driving License | Passport, Voter Id, PAN Card, Aadhar Card or Driving License |
Proof of Address | Electricity Bill, Telephone Bill, Pass Book with Address, Passport, Bank Statement or Ration Card | Electricity Bill, Telephone Bill, Pass Book with Address, Passport, Bank Statement or Ration Card |
Proof of Income | 3 Month Pay Slip, Pass Book of last six months, or Statement of bank account | Last one-year bank statement, Copy of Partnership Deed, Tax Challan (self-attested), Certificate of Tax Deduction, or ITR for the past three years, together with a balance sheet and three years’ worth of profit and loss accounts, attested by a CA |
Profile of the Company | Only if you are working in a less prominent organisation | NA |
How the EMI Calculation Works for Aadhar Housing Finance Loan Against Property?
The EMI calculation for Aadhar Housing Finance LAP is straightforward and will inform you of the monthly payment due on a mortgage. The calculator uses the EMI to calculate the loan amount, loan term, and interest rate. As a result, if you want to borrow INR 15 lakhs at an interest rate of 11%–14.50% from Aadhar Housing Finance, you will need to make periodic payments of the amount listed below:
Below is a table displaying EMI, Interest Cost, and Total Amount of Repayment:
Amount of Loan (Rs.) | Rate of Interest (ROI%) | Tenure of Loan | Instalments (Monthly) | Interest | Total Amount |
15,00,000 | 12.45% | one | ₹1,33,589 | ₹1,03,070 | ₹16,03,070 |
15,00,000 | 12.45% | two | ₹70,926 | ₹2,02,220 | ₹17,02,220 |
15,00,000 | 12.45% | three | ₹50,144 | ₹3,05,201 | ₹18,05,201 |
15,00,000 | 12.45% | four | ₹39,833 | ₹4,11,983 | ₹19,11,983 |
15,00,000 | 12.45% | five | ₹33,709 | ₹5,22,526 | ₹20,22,526 |
15,00,000 | 12.45% | six | ₹29,677 | ₹6,36,779 | ₹21,36,779 |
15,00,000 | 12.45% | seven | ₹26,841 | ₹7,54,680 | ₹22,54,680 |
15,00,000 | 12.45% | eight | ₹24,752 | ₹8,76,158 | ₹23,76,158 |
15,00,000 | 12.45% | nine | ₹23,159 | ₹10,01,134 | ₹25,01,134 |
15,00,000 | 12.45% | ten | ₹21,913 | ₹11,29,518 | ₹26,29,518 |
Total Interest Outlay, Principal Repayment, and Interest-Only Monthly Instalment
No. of Years | Principal Amount | Interest (Total Amount) | Amount (Balance) |
1 | ₹ 80,703 | ₹ 1,82,248 | ₹ 14,19,296 |
2 | ₹ 91,345 | ₹ 1,71,606 | ₹ 13,27,950 |
3 | ₹ 1,03,389 | ₹ 1,59,562 | ₹ 12,24,561 |
4 | ₹ 1,17,022 | ₹ 1,45,930 | ₹ 11,07,538 |
5 | ₹ 1,32,452 | ₹ 1,30,500 | ₹ 9,75,086 |
6 | ₹ 1,49,916 | ₹ 1,13,035 | ₹ 8,25,169 |
7 | ₹ 1,69,684 | ₹ 93,267 | ₹ 6,55,485 |
8 | ₹ 1,92,058 | ₹ 70,894 | ₹ 4,63,427 |
9 | ₹ 2,17,382 | ₹ 45,570 | ₹ 2,46,045 |
10 | ₹ 2,46,270 | ₹ 16,907 | ₹ 0 |
How does Aadhar Housing Finance Compare with Other Lenders?
The table below showcases the comparison of interest rates offered by Aadhar Housing Finance LAP against other lenders.
Lender’s Name | Rs. 30 Lakh or Less | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
SBI | 8.75% – 9.50% | 8.75% – 9.40% | 8.75% – 9.40% |
HDFC | 8.65% – 10.00% | 8.65% – 10.25% | 8.65% – 10.35% |
LIC Housing Finance | 8.30% – 10.00% | 8.30% – 10.20% | 8.30% – 10.40% |
ICICI Bank | 8.75% – 9.85% | 8.75% – 9.85% | 8.75% – 9.85% |
Kotak Mahindra Bank | 8.65% onwards | 8.65% onwards | 8.65% onwards |
PNB Housing Finance | 8.75% – 13.00% | 8.75% – 13.00% | 8.85%-12.20% |
Punjab National Bank | 8.60% – 9.35% | 8.55% – 9.25% | 8.55% – 9.25% |
Bank of Baroda | 8.60%-10.35% | 8.60%-10.35% | 8.60%-10.60% |
Union Bank of India | 8.60% – 10.50% | 8.60% – 10.70% | 8.60% – 10.70% |
IDFC First Bank | 8.75% onwards | 8.75% onwards | 8.75% onwards |
L&T Housing Finance | 8.40% – 8.60% | 8.40% – 8.60% | 8.40% – 8.60% |
Bajaj Housing Finance | 8.70% onwards | 8.70% onwards | 8.70% onwards |
Godrej Housing Finance | 8.39% – 10.99% | 8.39% – 10.99% | 8.39% – 10.99% |
Tata Capital | 8.95% onwards | 8.95% onwards | 8.95% onwards |
Federal Bank | 8.60%-9.95% | 8.60%-10.00% | 8.60%-10.05% |
Aadhar Housing Finance Loan Against Property Customer Care Number
A borrower may find themselves entangled in the maze of loan against property. Thanks to Aadhar Housing Finance customer service, any issues related to Aadhar Housing Finance LAP can be resolved quickly and hassle-free. A borrower can reach out to customer care with the following help.
Registered Office-
Mumbai – Corporate Office
U66010KA1990PLC011409
Aadhar Housing Finance Ltd. Unit No. 802, Natraj Rustomjee, Western Express Highway and M.V.Road, Andheri (East), Mumbai – 400069
Bengaluru – Registered Office
456987
2nd Floor, No. 3, JVT Towers, 8th A Main Road, Sampangi Rama Nagar, Hudson Circle, Bengaluru, Karnataka, India- 560027.
For New Home Loan Enquiry- Give a missed call to 8888899953
For Existing Customers- 180030042020
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Aadhar Housing Finance Quick Links
FAQs
From refinancing to reducing your interest, we have the answers right here.
What is the interest rate of Aadhar Housing Finance LAP?
The interest rate of the Aadhar Housing Finance Loan Against Property ranges from 11.75% to 17%.
Does Aadhar Housing Finance have a fixed interest rate on loans against the property?
The interest rate of loans against property in Aadhar Housing Finance ranges from 11.75% to 17%.
How to check a loan against property Status in Aadhar Housing Finance?
One can check the status of the loan against the property by visiting the official website of Aadhar Housing Finance.
Does Aadhar Housing Finance Check for CIBIL Score for loans against the property?
Aadhar Housing Finance checks CIBIL scores for Loans against the property.
What is the maximum and minimum loan against property amount I can get from Aadhar Housing Finance?
The Loan Against Property (LAP) with Aadhar Housing Finance is available to salaried individuals up to 25 lakhs. If you work for yourself, you can borrow up to Rs. 1 crore against home or commercial property.
What are the KYC documents I will have to submit to apply for a loan against property from Aadhar Housing Finance?
The KYC documents that one needs to submit for a loan against property from Aadhar Housing Finance vary for salaried and self-employed applicants.
What is the processing fee on the Aadhar Housing Finance loan against property?
The processing fee on the Aadhar Housing Finance loan against property is Rs. 3000 + GST and other charges.
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