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Aadhar Housing Finance Home Loan for Salaried Person

Aadhar Housing Finance Home Loan for Salaried Person

A home you can call your own is a basic need of an individual. However, financial constraints can often prevent many people from realising their dream of owning a home. Aadhar Housing Finance understands this and is committed to providing affordable credit opportunities to those who receive regular salaries. Namely, the Aadhar Housing Finance home loan for salaried persons features attractive interest rates, low processing fees, moderate eligibility criteria, and high loan amounts, making it a more borrower-friendly credit option. Digital banking simplifies the loan application process, allowing you to apply and receive funds easily without the usual paperwork and hassle. Let’s scroll down to learn more!

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Table of Content

1. Aadhar Housing Finance Home Loan for Salaried Person Highlights

2. Aadhar Housing Finance Home Loan for Salaried Person Fees and Charges

3. Aadhar Housing Finance Home Loan for Salaried Persons Documents Required

4. Aadhar Housing Finance Home Loan for Salaried Persons Eligibility Criteria

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Aadhar Housing Finance Home Loan for Salaried Person – Highlights

Here are the Aadhar Housing Finance home loan criteria for salaried persons:

Interest rate	11.75% to 16.50% per annum
Loan Amount	Up to ₹1 Crore
Loan-to-Value (LTV) ratio	75 to 80% of the property price
Loan Tenure	30 years, subject to retirement age (typically 60 years old)
Eligibility	Applicants must have a minimum monthly salary of ₹10,000

Aadhar Housing Finance Home Loan for Salaried Person – Fees and Charges

Here are the associated fees with the Aadhar Housing Finance home loan for salaried employees:

Fee/Charge	Amount
Processing Fee	1.5% of the loan amount or ₹5100, whichever is higher
Prepayment Charges	2% of the outstanding loan amount
Late Payment Penalty	24% per annum on the default EMI
Legal and Valuation Charges	As per actual

Aadhar Housing Finance Home Loan for Salaried Persons – Documents Required

Here are the required Aadhar Housing Finance home loan documents for salaried persons:

A duly filled and signed application form with all necessary details is mandatory.
Valid identity proof includes a PAN card, Aadhaar card, passport, or voter ID.
Current address proof like electricity bill, rent agreement, or Aadhaar card is required.
The latest salary slips for the past 3 months to verify income stability.
Bank statements for the last 6 months to review financial transactions.
Form 16 or Income Tax Return (ITR) for the past 2 years to confirm income.
The sale agreement, property registration documents, and property title deed.
Recent passport-sized photographs of the applicant and co-applicant(s), if any.
A cheque for the processing fee as per the lender’s requirement.

Aadhar Housing Finance Home Loan for Salaried Persons – Eligibility Criteria

Here is the required Aadhar Housing Finance home loan eligibility for salaried persons:

Applicants must be somewhere between 21 and 60 years old.
Applicants must require a minimum monthly salary of ₹10,000 or above.
Applicants must have a good repayment history and a strong credit score.
Applicants must be Indian citizens.

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Frequently Asked Questions (FAQs)

What is the repayment term for an Aadhar Housing Finance home loan for a salaried person?

The repayment term for an Aadhar Housing Finance home loan for a salaried person ranges from 1 to 30 years, depending on the borrower’s eligibility and loan amount.

What is the minimum age for an Aadhar Housing Finance home loan to a salaried person?

A salaried person must be 21 years old to be eligible for an Aadhar Housing Finance home loan.

What is the minimum and maximum Aadhar Housing Finance home loan amount for a salaried person?

The minimum Aadhar Housing Finance home loan amount for a salaried person is ₹1 lakh, while the maximum loan amount can go up to ₹1 crore, based on eligibility and requirements.