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Product Details
Bank Name

Aditya Birla Finance Limited

Maximum Loan Tenure

30 years.

Maximum Loan Amount

No upper limit.

Interest Rate

For Self-Employed Applicants
9.10 percent to 14.75 percent p.a.

For Salaried Applicants
8.80 percent to 14 percent p.a.



Home loan
Down Payment

Below 30 lakhs, the LTV ratio can be a maximum of 90%.
Between 30 lakhs to 75 lakhs, the ratio can be a maximum of 80%.
Above 75 lakhs, the ratio can be a maximum of 75%.

Fees and Charges

Processing fee: Up to 1% of the loan amount.
Prepayment fee: No charge for individual borrowers for floating rate home loans.
Penal Fee On Late Payment: 2% per month on overdue amount.
Legal Fee: At actuals.
Stamp Duty And Registration Charges: At actuals.

Minimum CIBIL Score

Not specified.

Down Payment and Fees

Home loan

Special Features

0 prepayment penalty on floating rate home loan.

Eligibility Criteria

To answer your question about Aditya Birla Housing Finance Limited (ABHFL) home loan eligibility criteria, I need to break it down based on several factors:

1. Type of applicant:

  • Salaried:Age: Minimum 21 years, Maximum 60 years at loan maturity.
    Income: Regular salary with PF deduction or IT returns filed for at least 2 years.
    Employment stability: Consistent employment with reputable organization preferred.

  • Self-employed:Age: Minimum 21 years, Maximum 70 years at loan maturity.
    Income: Proven business income through IT returns or audited financial statements for at least 2 years.
    Business stability: Established business with strong financials preferred.

2. Loan amount and property:

  • Loan amount: Up to 75% for property value below Rs. 75 lakhs, 80% for property value between Rs. 75 lakhs and Rs. 3 crores, and 75% for property value above Rs. 3 crores.

  • Property type: ABHFL generally finances residential units like apartments, independent houses, and plots for construction. Certain specific projects or schemes might have additional criteria.

3. Other important factors:

  • Debt-to-Income Ratio (DTI): Ideally below 40% to demonstrate affordability.

  • Credit score: While a CIBIL score of 750+ is preferred, responsible past loan repayments and no defaults could lead to approval even with a slightly lower score.

  • Location: ABHFL operates in many Indian cities, but loan availability and criteria might vary depending on the specific location.

Special Concession

No special concession.

Home Saver Option


Features, Eligibility and Concession
  • It has a high LTV ratio of 90%, which means you can get a higher loan amount with a lower down payment. 

  • It has a long tenure of up to 30 years, which can make your EMI more affordable. 

  • No prepayment penalty. 

  • Easy application process, approval, and eligibility norms on a digital platform.

  • It has a high processing fee. 

  • Loan comes with a a number of ancillary fees such as: login fee.

  • It does not have a home saver option, which means you cannot save on interest by linking your home loan account with your savings or current account.

  • Interest rate is higher that of most PSU banks.

Pros & Cons
Aditya Birla Finance Limited Home loan

Aditya Birla Finance Limited (ABFL) offers home loans with competitive interest rates and a transparent processing system. However, potential borrowers should consider that it does not provide home saver option.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

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