Aadhar Housing Finance Home Loan Interest Rates

The interest rate offered by Aadhar Housing Finance is subject to market conditions and may change occasionally. Despite this variability, Aadhar Housing Finance is known for providing some of the most competitive interest rates in the market, making it an attractive option for individuals seeking a home loan. By providing low-interest loans, the company aims to help make the dream of owning a home a reality for more people.

Customer Type	Home Loan Interest Rate
Salaried – Home Loan	11.75% to 16.50%
Self-Employed – Home Loan	12.75% to 17.00%
Loan against Property	15.00% to 17.00%

Aadhar Housing Finance Home Loan Highlights 

Aadhar Housing Finance offers home loans for purchase, construction and renovation with the following highlights:

• Competitive Interest Rates: The company offers competitive interest rates on its home loans, making it an affordable option for borrowers.
• Minimal Documentation: The home loan application process is simple and requires minimal documentation, making it convenient for borrowers.
• Flexible Repayment Options: Aadhar Housing Finance offers flexible repayment options, allowing borrowers to choose a repayment plan that suits their financial situation.
• Doorstep Service: The company provides doorstep service, making it easier for borrowers to apply for and manage their home loans. Wide Reach: Aadhar Housing Finance has a broad reach, making it accessible to individuals nationwide.

Aadhar Housing Finance Home Loan Fees and Charges

The table below shows Aadhaar Housing Finance Home Loan fees and charges:

Fees/Charges Type	Amount
Login Fee (Paid along with loan application non-refundable)	Up to INR 3500 Plus Applicable GST
Documentation Charges	Up to INR.2000/- to INR 5000/- Plus applicable GST
Legal, Valuation and Technical Charges	Up to INR 3000/- to INR 5800/- Plus Applicable GST
CERSAI charge creation Charges	INR 100/- Plus applicable GST
Subsequent Technical Verification (Only In Construction Cases)	Rs.500/- Plus applicable GST
Cheque/ECS/Direct Debit/ACH Bounce (Per Instrument/Transaction)	INR 500/- Plus applicable GST
Overdue Charges on Default Instalment- (EMI/PEMI)	2% on Due amount
Recovery (Legal/Possession & Incidental Charges)	as per actual Plus applicable GST
Cheque/ECS/Direct Debit/Ach Swapping (Per Set)	INR 500/- Plus applicable GST
Duplicate No Dues Certificate	Rs.500/- Plus applicable GST
Copy Of Property Papers	Rs.500/- Plus applicable GST

How to Calculate Aadhaar Housing Finance Home Loan Interest Rate?

The interest rate on an Aadhaar Housing Finance home loan can vary based on several factors, including the loan amount, loan tenure, and the borrower’s credit score and income. To calculate the interest on your loan, you can use the following formula:

Interest = (Loan Amount * Interest Rate * Loan Tenure) / (12 * 100)

Here,

• Loan Amount is the amount of money you want to borrow, and Interest
• Rate is the interest rate offered by Aadhaar Housing Finance.
• Loan Tenure is the duration of the loan in months, and 12 * 100 is used to convert the interest rate from an annual percentage rate (APR) to a monthly rate.

Note: It’s important to note that the interest rate offered by Aadhaar Housing Finance can vary based on several factors and change over time, so it’s a good idea to confirm the current rate with the lender before calculating your loan interest.

Why are Aadhaar Housing Finance Home Loan Interest Rates the Best for Customers?

Aadhar Housing Finance offers home loans at competitive interest rates, making it a popular choice among customers. However, whether the interest rates offered by Aadhaar Housing Finance are the “best” for customers depends on several factors, including:

• Personal financial situation: Each customer’s financial situation is unique, and what may be the best interest rate for one person may not be the best for another. Factors such as credit score, income, and debt-to-income ratio can all affect the interest rate that a lender offers.
• Loan amount and loan tenure: The interest rate offered on a home loan can also vary based on the loan amount and tenure. Higher loan amounts and longer loan tenures may result in higher interest rates.
• Market conditions: This influences the interest rates, including the supply and demand for credit and the overall economic climate. When interest rates in the market are generally low, it’s more likely that lenders will offer competitive rates.

Factors that affect Aadhaar Housing Finance Home Loan Interest Rate and EMI

Several factors can affect the interest rate and EMI (equated monthly instalment) on an Aadhaar Housing Finance home loan:

• Loan amount: The higher the loan amount, the higher the interest rate and EMI are likely to be.
• Loan tenure: A longer loan tenure typically results in lower EMI but a higher overall interest payment over the life of the loan.
• Credit score: A good credit score can help you secure a lower interest rate, as lenders see a higher credit score as an indicator of lower risk.
• Income: A higher income may allow you to secure a more significant loan amount and a lower interest rate.
• Market conditions: Interest rates can be influenced by overall economic conditions, such as inflation and the supply and demand for credit.
• Loan type: Different types of home loans may have different interest rates, and some types may have different repayment terms.