An Aditya Birla Housing Finance Loan offers flexible financing solutions for individuals looking to buy, build, renovate, or expand their homes. Provided by Aditya Birla Housing Finance Limited (ABHFL), these loans come with competitive interest rates, flexible repayment tenures, and transparent processing. Borrowers can benefit from loan tenures of up to 30 years, funding of up to 90% of the property value, and convenient application options. Whether you are planning to purchase a house, construct a home on your plot, renovate your property, or raise funds through a Loan Against Property, ABHFL provides tailored housing finance solutions to suit diverse financial needs.
Aditya Birla Housing Finance Loan Highlights
Aditya Birla Housing Finance offers housing loan products designed to make home ownership and property financing easier for borrowers.
| Feature | Details |
| Interest Rate | Starting from 8.00%* p.a. onwards |
| Loan Amount | Up to 90% of property value (for loans up to ₹30 lakh) |
| Maximum Tenure | Up to 30 years |
| Processing Fee | 0.25% onwards of the loan amount + GST |
| Prepayment Charges | Nil for floating-rate loans (individual borrowers) |
Aditya Birla Housing Finance Loan Interest Rates
Interest rates offered by Aditya Birla Housing Finance vary depending on the type of loan and borrower profile.
| Loan Scheme | Interest Rate (p.a.) |
| Home Loan | 8.50%* – 20.00*% |
| Home Improvement Loan | Starting from 6.70%* |
| Home Extension Loan | 8.50%* – 20.00%* |
| Loan Against Property (LAP) | 8.60%* – 20.00%* |
Note: Final interest rates may vary based on credit profile, income level, property value, and repayment tenure.
| Factors Influencing Aditya Birla Housing Finance Loan Interest Rates
The interest rate for a housing finance loan is determined by several factors related to the borrower’s financial profile and market conditions.
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Also Read: Impact of Repo Rate Cut on Home Loan
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Aditya Birla Housing Finance Loan Processing Fee & Charges
Aditya Birla Housing Finance follows a transparent fee structure for its loan products.
| Type of Charge | Applicable Fees |
| Processing Fee | 0.25% onwards of the loan amount + GST |
| Late Payment Penalty | 12% p.a. above the current interest rate |
| Cheque / NACH Bounce Charges | ₹750 per instance |
| CERSAI Charges | ₹50 (≤ ₹5 lakh) / ₹100 (> ₹5 lakh) |
| Foreclosure (Floating Rate Loans) | Nil for individual borrowers |
| Foreclosure (Fixed Rate Loans) | 2% – 4% of principal outstanding |
Compare Aditya Birla Housing Finance Loan Interest Rates with Top Home Loans
Below is a comparison of Bajaj Finserv Home Loan interest rates with other leading banks and housing finance companies in India.
| Bank / NBFC Home Loan | Interest Rate (p.a.) |
| Aditya Birla Housing Finance Loan | 8.00%* p.a. onwards |
| Bajaj Finance Home Loan | 7.15%* p.a. onwards |
| LIC Housing Finance Home Loan | 7.15%* p.a onwards |
| SBI Home Loan | 7.50%* p.a. onwards |
| Tata Capital Housing Finance | 7.50%* p.a. onwards |
| Bank of Baroda Home Loan | 7.45%* p.a. onwards |
| Union Bank of India Home Loan | 7.45%* p.a. onwards |
| ICICI Bank Home Loan | 7.65%* p.a. onwards |
| Kotak Mahindra Bank Home Loan | 7.70%* p.a. onwards |
| HDFC Home Loan | 7.90%* p.a. onwards |
| Standard Chartered Home Loan | 7.99%* p.a. onwards |
| Axis Bank Home Loan | 8.35%* p.a. onwards |
| IIFL Home Loan | 8.75%*p.a. onwards |
| Federal Bank Home Loan | 8.75%* p.a. onwards |
| IDFC FIRST Bank Home Loan | 8.85%* p.a. onwards |
Note: The interest rates mentioned above are indicative and may change based on the lender’s policy, borrower’s credit score, loan amount, and prevailing market conditions. Borrowers should verify the latest interest rates on the official websites of the respective banks or financial institutions before applying for a home loan.
Aditya Birla Housing Finance Loan Eligibility
Applicants must satisfy certain eligibility conditions to qualify for a loan.
- Minimum Age: 21 years at the time of application.
- Maximum Age at Maturity:
- Salaried individuals: 60 years
- Self-employed individuals: 70 years
- Minimum Income: Generally, ₹25,000 per month for certain loan types, such as Loan Against Property.
- Work Experience:
- Salaried individuals: Minimum 3 years of employment.
- Self-employed individuals: Minimum 3 years of stable business operations.
- Credit Score: Preferably 700 or above.
Also Read: All Bank Home Loan Interest Rates
Documents Required for Aditya Birla Housing Finance Loan
Applicants must provide the necessary documents to verify identity, income, and property details.
- Identity Proof: Aadhaar card, PAN card, passport, voter ID, or driving license.
- Address Proof: Aadhaar card, passport, voter ID, or utility bills.
- Income Proof (Salaried): Latest 3 months’ salary slips and Form 16.
- Income Proof (Self-Employed): Income Tax Returns and financial statements for the last 2 years.
- Bank Statements: Latest 6 months’ bank statements.
- Property Documents: Title deed, sale agreement, and approved building plan.
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Types of Aditya Birla Housing Finance Loan
Aditya Birla Housing Finance Limited (ABHFL) offers several types of housing loans designed to meet different property-related financial needs. These loan options help borrowers purchase a home, construct a property, renovate an existing house, or unlock funds by pledging property. Each loan type has specific features and repayment options tailored to different borrower requirements.
Overview of Aditya Birla Housing Finance Loan Types
| Loan Type | Purpose |
| Home Loan | Purchase a new or resale residential property |
| Home Construction Loan | Build a house on a plot owned by the borrower |
| Home Extension Loan | Add extra space or rooms to an existing house |
| Home Improvement Loan | Renovate or repair an existing property |
| Loan Against Property (LAP) | Borrow funds using property as collateral |
| Step-Up Home Loan | Lower EMIs initially that increase gradually |
| Step-Down Home Loan | Higher EMIs initially that reduce later |
| Extended Tenure Home Loan | Longer repayment tenure to reduce EMI burden |
1. Home Loan
A Home Loan helps individuals purchase a residential property, such as a new apartment, resale property, or ready-to-move house.
Key Features
- Funding of up to 90% of the property value for eligible borrowers.
- Flexible repayment tenure of up to 30 years.
- Competitive interest rates starting from around 8%*p.a.
- Suitable for purchasing new, under-construction, or resale homes.
- Quick loan processing with transparent approval procedures.
2. Home Construction Loan
A Home Construction Loan is designed for individuals who want to build a house on land they already own.
Key Features
- Loan amount is disbursed in stages based on construction progress.
- Flexible repayment tenure depending on borrower eligibility.
- Can be used for plot plus construction financing.
- Helps cover expenses related to construction materials, labour, and building costs.
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3. Home Extension Loan
A Home Extension Loan helps homeowners expand their existing residential property by adding extra rooms or floors.
Key Features
- Can be used for adding bedrooms, balconies, or additional floors.
- Repayment tenure available for up to 20 years.
- Competitive interest rates similar to home loans.
- No prepayment charges for floating-rate loans for individuals.
4. Home Improvement Loan
A Home Improvement Loan (also known as a home renovation loan) is meant for repairing, renovating, or upgrading an existing home.
Key Features
- Interest rates starting from around 6.70% p.a.
- Loan tenure of up to 10 years.
- Can be used for painting, structural repairs, remodeling, or modernization.
- Helps enhance the property’s value and living comfort.
5. Loan Against Property (LAP)
A Loan Against Property allows borrowers to pledge their residential, commercial, or industrial property as collateral to obtain funds.
Key Features
- Funds can be used for business expansion, education, weddings, travel, or medical emergencies.
- Loan tenure available for up to 20 years.
- Competitive interest rates starting from around 8.60% p.a.
- Higher loan amounts based on property value and borrower eligibility.
6. Step-Up Home Loan
The Step-Up Home Loan is designed for young professionals whose income is expected to grow over time.
Key Features
- Lower EMIs in the initial years.
- EMI amount gradually increases as income grows.
- Helps borrowers qualify for a higher loan amount early in their careers.
- Suitable for early-stage professionals with strong future earning potential.
7. Step-Down Home Loan
A Step-Down Home Loan is suitable for borrowers who expect their income to decrease after retirement.
Key Features
- Higher EMIs during working years.
- Lower EMIs after retirement.
- Ideal for borrowers with pension income or retirement plans.
- Helps manage repayment burden during later years.
8. Extended Tenure Home Loan
The Extended Tenure Home Loan allows borrowers to spread their loan repayment over a longer period.
Key Features
- Longer repayment tenure of up to 30 years.
- Helps reduce the monthly EMI burden.
- Suitable for borrowers who want affordable monthly repayments.
- Provides flexibility in financial planning.
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Aditya Birla Housing Finance Loan EMI Calculator
An EMI calculator helps borrowers estimate their monthly repayment before applying for a loan.
Your Amortization Schedule (Yearly/Monthly)
Steps to Use the EMI Calculator
- Visit the Aditya Birla Housing Finance website.
- Enter the loan amount you want to borrow.
- Select the loan tenure (up to 30 years).
- Input the applicable interest rate.
- The calculator will instantly display the monthly EMI, total interest payable, and total repayment amount.
Also Check: Home Loan EMI Calculator
Apply for Aditya Birla Housing Finance Loan
Applying for a housing loan with ABHFL can be completed online or through a branch.
Steps to Apply
- Fill out the online loan application form on the official website.
- Submit the required KYC and income documents along with the application.
- Pay the applicable processing fee.
- The lender performs a credit assessment and property verification.
- If approved, the lender issues a sanction letter.
- After completing documentation and agreement formalities, the loan amount is disbursed.
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Track Aditya Birla Housing Finance Loan Application Status
Applicants can track the progress of their loan application through several methods.
Steps to Track Loan Status
- Visit the Aditya Birla Housing Finance website.
- Enter your application reference number in the tracking section.
- Check real-time updates regarding approval and verification.
Alternatively, you can contact customer support or visit the nearest ABHFL branch.
Aditya Birla Housing Finance Loan Customer Care
For queries or assistance regarding loans, borrowers can contact the ABHFL support team.
| Channel | Contact Details |
| Toll-Free Number | 1800-270-7000 |
| International Helpline | +91-080-4586077 |
| Email Support | care.housingfinance@adityabirlacapital.com |
| Digital Services | Available via the ABHFL website and mobile app |
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