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%.

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Written By
Kirti Bansal
Kirti Bansal
Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.
Reviewed By
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

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

Loan Offers By Aadhar Housing Finance's

Bank Wise Home Loan Interest Rate

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