Aadhar Housing Finance Plot Loans

The Aadhar Housing Finance Plot Loan scheme is for those who want to purchase residential plots and build homes. This financial solution is designed for salaried and self-employed persons, offering flexible payback alternatives, reasonable interest rates, and a quick approval process. Aadhar Housing Finance Plot Loans offer up to 60% of the plot's cost, a repayment tenure of up to 20 years, and attractive interest rates starting from 11.75%.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

You hereby consent to Urban Money being appointed as your authorised representative to receive your Credit Information from CIBIL for the purpose of Credit Risk Assessment. You hereby agree to terms and conditions.

Table of Content

1. Aadhar Housing Finance Plot Loans Highlights

2. Aadhar Housing Finance Plot Loan Interest Rates

3. Fees and Charges for Aadhar Housing Finance Plot Loans

4. Eligibility Criteria for Aadhar Housing Finance Plot Loans

5. Documents Required for Aadhar Housing Finance Plot Loans

6. Features of Aadhar Housing Finance Plot Loans

7. Things to Remember While Applying

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

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 Plot Loans – Highlights

The table below shows the highlights of the plot loan scheme by Aadhar Housing Finance.

Feature	Details
Loan Amount	Up to 1 Crore
Repayment Tenure	Up to 20 years for Self-Employed and 30 years for Salaried Individual
Application Process	Simplified and quick
Eligibility	Salaried and self-employed individuals
Collateral	Plot and construction as collateral

Aadhar Housing Finance Plot Loan Interest Rates

Following are the interest rates of the Aadhar Housing Finance Plot Loans:

Type of Borrower	Interest Rate (Per Annum)
Salaried	11.75% to 16.50%
Self-employed	12.75% to 17.00%

Fees and Charges for Aadhar Housing Finance Plot Loans

Here is a snapshot of the fees and charges associated with the Aadhar Housing Finance Plot Loans:

Fee Type	Amount/Rate
Processing Fee	2% + GST
Prepayment Charges	2% of the outstanding amount
Late Payment Penalty	2% per month on overdue amount

Eligibility Criteria for Aadhar Housing Finance Plot Loans

Take a look at the criteria to be eligible for Aadhar Housing Finance Plot Loans:

Criteria	Salaried	Self-employed
Age	21-65 years	21-70 years
Income	Stable income	Profitable business for at least 3 years
Employment	Minimum 2 years with current employer	Minimum 3 years in current business
Credit Score	700 and above	700 and above

Documents Required for Aadhar Housing Finance Plot Loans

The Aadhar Housing Finance Plot Loan documents required are as follows:

Document Type	Salaried	Self-employed
Identity Proof	Aadhaar, Passport, Voter ID	Aadhaar, Passport, Voter ID
Address Proof	Utility bill, Rent agreement	Utility bill, Rent agreement
Income Proof	Salary slips, Bank statements	ITR, Bank statements
Employment Proof	Employment certificate	Business registration certificate
Property Documents	Sale deed, Allotment letter	Sale deed, Allotment letter

Features of Aadhar Housing Finance Plot Loans

Borrowers applying for an Aadhar Housing Finance Plot Loan can expect the following features:

Aadhar Housing Finance offers significant financial assistance by covering up to 60% of the plot’s purchase price.
The loan provides a flexible repayment period extending up to 20 years.
The documentation requirements are minimal, and the approval process is quick, allowing for faster disbursement of funds.
The loan comes with competitive interest rates starting from 11.75% per annum.

Things to Remember While Applying

Before applying for an Aadhar Housing Finance Plot Loan, the applicant must note the following pointers.

A good credit score is crucial for loan approval.
Prepare all necessary documents before applying.
Evaluate your financial situation to ensure you can comfortably manage the loan repayments.
While Aadhar Housing Finance offers up to 60% of the plot’s cost, borrowing only the amount needed is essential.
Understand that the Plot and Construction Will Be Held as Collateral