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Aditya Birla Housing Finance Mortgage Loan in Delhi

Interest Rate starts from 11.50%

Aditya Birla Housing Finance Mortgage Loan Interest rates in Delhi

Please Find the Detailed Aditya Birla Housing Finance Mortgage Loan Interest Rates

otherssalariedself employed
Commercial Properties11.50%11.50%11.50%
Industrial Properties11.50%11.50%11.50%
Residential Properties11.50%11.50%11.50%

Loan To Value (LTV) For Aditya Birla Housing Finance Mortgage Loan in Delhi

Please Find the Detailed Margin Money Details For Aditya Birla Housing Finance Mortgage Loan
otherssalariedself employed
Commercial Properties55.00%55.00%55.00%
Industrial Properties50.00%50.00%50.00%
Residential Properties60.00%65.00%60.00%

Features of Aditya Birla Housing Finance Mortgage Loan Delhi

Type Features
Processing Fee2.0%
Pre Closure Charges4.0%
Part Payment ChargesAllowed
Min Tenure5 Years
Max Tenure15 Years
Min Age21 Years
Max Age60 Years
Min Loan AmountRs.15,00,000/-
Max Loan AmountRs.30,00,00,000/-

Aditya Birla Housing Finance Mortgage Loan Delhi Charges

Type Charges
Penal Interest24% Per Annum
Duplicate Statement ChargesRs.200/-
Bounce Cheque ChargesRs.750/-
Switch Variable To Fixed2% of the loan outstanding
Switch Fixed To Variable2% of the loan outstanding
Photocopy DocumentsRs.200/- per instance
C I B I L Report Issuance ChargesRs.50/- per instance for Consumer and Rs.500/- for Commercial CIBIL
Charge For Exchanging E C S MandateRs.750/- per instance
Loan Re Schedulement Charges0.50% of the loan outstanding
N O C Issuance ChargesRs.500/-
C E R S A I Charges"Rs 250/- For Loans up to 5 Lakhs, Rs 500/- For Loans above 5 Lakhs "

Documentation For Mortgage Loan

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents
  • Filled Application form
  • Identity Proof
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents
  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification 
  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)
  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID card
  • Photo-credit card (with last two month statements) 
  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Aditya Birla Housing Finance Mortgage Loan FAQ's

About Aditya Birla Housing Finance

Aditya Birla Housing Finance Limited (ABHFL) is registered with the National Housing Bank as a housing finance company under the National Housing Bank Act, 1987. The company offers a complete range of housing finance solutions such as home loans, home improvement and home construction loans, balance transfer and top-up loans, loans against property and construction finance. Through our lending solutions, we enable our customers to own their dream home.

Aditya Birla Housing Finance Highlights

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Mortgage Loan Can Be Used For Many Purposes Like Below

For Business Expansion

Accelerate the Business Growth

For Acquiring New Technology

For Construct a New Block

for setting up a new Factory

Setting up a new branch

To Pay off the other Loans

To Procure the More Stock

Things Keep In Mind While Avail a Mortgage Loan

A mortgage is actually made up of several parts – the collateral you used to secure the loan, your principal and interest payments and insurance.

Since most mortgages last 10 to 15 years of monthly payments, you should understand the how exactly it will works for you.

Type of Collateral You Are Offering

1) Residential Properties:
Properties are used for the residence purpose usually called as residential properties. Independent houses, flats, villas are commonly considered as residential properties. Financial institutions like these properties and offer more LTV (loan to value) offer to the borrower. Since at the time of loan default, residential properties are easy to liquidate in the market and recover the loan amount.
2) Commercial Properties
Properties using for commercial purpose called as commercial properties. Shopping malls, Market area properties and other properties which is located in commercial area is considered as commercial properties. After residential properties, banks will give preference to the commercial properties for loansanction to a borrower. Compare to residential properties, commercial properties are little difficult to liquidate in the market. Hence the LTV of the commercial properties are will in the range of 50%-60% of the property value.
3) Industrial Properties
Properties are located in the govt declared industrial area like SEZ, Industrial zone etc., and a property is having huge infrastructure setup like machinery, which can be used for the business trading, manufacturing or storage of goods considered as industrial properties. Industrial properties liquidity in the market is low, hence the banks provide LTV to these properties are 40%-50% based on the property amenities.

Principal And Interest

The principal is simply the sum of money you borrowed on mortgage.

Interest is what the lender charges you to use the money you borrowed, usually expressed as a percentage called the interest rate.

Principal and interest comprise your monthly payments in a process called amortization, which reduces your debt over a fixed period of time. With amortization, your monthly payments largely go toward paying off the interest in the early years, and gradually reduce the principal later on.

Factors That Affect your Loan Interest Rates

1) Type of Property offered as Mortgage:

Your property will decide the interest rate on your loan. A residential property will attract lesser rate of Interest compare to the Commercial and Industrial properties. Industrial properties will have comparatively higher rate of interest. This is due to the liquidity of the property, when default occurs.

2) Property Legal and Technical Clearance:

Banks will not finance all properties. Banks look into various aspects like locality, usage etc. Property must satisfied by the lender internal policies criteria. For example, sometimes commercial properties built by the borrower basis on the residential approvals from the govt authorities, however actual usage is for commercial purpose. This is a deviation from the lender perspective. These factors will have impact on your loan approvals.

3) Bank-Customer relationship:

If you approach the bank where you already have a bank account and you are a valued customer then banks may give you certain leeway. This mean you can negotiate with the bank for a cheaper interest rate. Most banks agree to give a concession of 0.5-1% on the interest rate.

4) Credit/CIBIL History:

If you have good credit/CIBIL record then banks will definitely award you with a better rate of interest. This means that if you have taken a loan previously and managed to pay it off without defaulting then you will have a high credit/CIBIL score. Apart from the loan the banks also take into account payment of your credit card bill record.

Expert Advice

Best Practices for Mortgage Loan

Try to get a mortgage first, if there are going to be multiple financial obligations popping up in the near future. If you are going to be applying for new credit cards, the inquiry alone can affect your credit score. This will affect your loan processing.
Search in the Market:Before applying the mortgage loan, search for the best lender as per your requirement such as low interest rate, maximum loan tenure and higher LTV etc., this can help you to avoid crucial time and money for the mortgage loan processing.
Get Clarified:Get Clarified on the all the mortgage terms and conditions before put up the application, few of the lender will provide additional option like “Nil Charges” for Pre/Part payments and few Lenders provide the top up on your existing loan based on the good loan track. Get this information clarified from your lender.
Make Timely Payments: Make timely payment on all current debt obligations, including any current mortgage, car, credit card and other bills on time, particularly around the months leading up to the time you get ready to apply for a mortgage. This will ensure that your credit score is at the best mark, scoring you an ideal loan!

Tell the Truth: It may seem unnecessary to be reminded of this, but be as thorough as possible on the loan application. An in-depth analysis of your history will take place during the loan process. Failing to report a debt or misrepresenting your income will raise red flags.
Maintain Your Credit Score: Make on-time payments and make sure your credit score is above average. For mortgage loan the optimum credit score is 720. If you doubt on your credit score, get it online and get rectified before applying for Mortgage Loan.
Be Prepare with the Property Documents: Make sure all the original documents and related link documents of the property to be available to you, this can help the loan processing faster. If anything is missing try to arrange the same before applying the loan. Since Mortgage loan process will happen only after the initial fee prescribed.

Continue to make your mortgage or rent payments on time.

Things not to do for Mortgage Loan

Don’t accept any mortgage documents until you are given a breakdown on costs associated with your mortgage and understand the terms of your loan.
Don’t assume that all mortgage products are the same.
Don’t borrow more than you can afford even if you qualify for more.
Don’t- Close or open any asset accounts or transfer funds between accounts without receiving the correct documentation required for your loan.
Don’t - Change your legal name if you are a self employed.
Don’t - Alter any documents in any way.
Don’t change the bank accounts or banks unless advised

Mortgage Loans Vs Lease Rental Discounting

Lease Rental Discounting Mortgage Loan
Lease Rental Discounting (LRD) will be based on the actual rental you are receiving on the property. Mortgage loans will be provided based on already owned property.
There is no restriction on LRD loan usage. It can be used for any purpose. There is no restriction on mortgage loan usage. It can be used for any purpose.
Lease Rental Discounting (LRD) will be provided for max of 10 years, However it depends on the rental agreement Tenure. Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India.
Interest rate will be very from 11.00% to max of 15.00% based on the bank to bank. Generally Lease Rental Discounting (LRD) will be fixed interest loans. Interest rate will be very from 10.5 % to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans.
The money received from the LRD will be used for any purpose. There is no end use restriction on the amount. If the money received from a mortgage loan is used for business purposes, the interest can be claimed as an expense on the balance sheet of the business.
Loan can be availed up to max of Rs. 20.0 Cr under Lease Rental Discounting (LRD). Mortgage Loans can be avail up to Rs. 30.0 Cr based on the type of property and its usage and value of property and eligibility of applicants as per banks norms.
There will be pre payment changes will be applicable for Lease Rental Discounting (LRD). This will be vary from 1% to 4% as per bank internal guidelines. There will be pre payment changes will be applicable for mortgage loans. This will be vary from 1% to 3% as per bank internal guidelines.
Part/Pre Payments will be allowed based on the internal policies of the banks for Lease Rental Discounting (LRD). Part/Prepayment will be allowed as per bank internal policies for Mortgage loans.
Lease Rental Discounting (LRD) eligibility depends on the type of tenant and credibility of tenant. Mortgage loans also avail with the joint eligibility as company and director or blood relatives.
Banks can consider 90% of the Lease Rental value as repayment for loan under the Lease Rental Discounting (LRD) . In Mortgage Loan max of 65% property value can avail as a Loan based on the type of property.
You can avail a top loan facility on your Lease Rental Discounting (LRD). Top up facility will be varying from bank to bank internal guidelines.

About Delhi

Delhi or Dilli is a capital city of the Republic India, Delhi is the center of Government's legislature and judiciary systems. It was 1992 when Delhi has been declared as a state under the national capital territory Act. However, the city has become the capital of Independent India in 1950. Set on the both sides of River Yamuna, Delhi is one of the fastest growing cities in India, and it is second most population city.

The history of the city is as old as the epic Mahabharata. The town was known as Indraprastha, where Pandavas used to live.

From Hindu Kings to Muslim Sultans, the reins of the city kept shifting from one ruler to another. The soils of the city smell of blood, sacrifices and love for the nation. The old 'Havelis' and edifices from the past stand silent but their silence also speaks volumes for their owners and people who lived here centuries back.

Other Cities Loan Offers

Places To Be Visited In Delhi

Bahai (Lotus) Temple

    The ever-popular lotus-shaped Bahai Temple in Delhi is the last of the seven major Bahai temples around the world. A mesmerizing structure made of pure white marble, standing against a lush green landscape, the lotus depicts a symbol common to all religions.Hence the doors of the temple remain wide open for adherents of any faith to pray and meditate.

Red Fort

    Red Fort or Lal Kila was converted to barracks for the British colonial army. The iconic landmark recognized by its red sandstone architecture has a rich set of stories dating back to India's pre-independence era. This massive time-tested fortress today is the backdrop for large scale national events such as the Republic Day and Independence Day.

India Gate

    Rising 42 mts high in one end of Rajpat stands the India Gate and a symbol of pride and bravery. This outstanding stone archway instantly ignites a feeling of patriotism. Also known by the name of All India War Memorial, this prestigious monument is a mark of respect to all those unknown soldiers who have sacrificed their lives protecting an entire nation.

Jantar Mantar

    Among most popular places to visit in Delhi is the Jantar Mantar, an ancient observatory built by Maharaja Jaisingh of Udaipur in 1794 on the main Parliament Street at Connaught Place.

Qutub Minar

    Qutub Minar is the 2nd tallest minar in India. It has been declared as a UNESCO Heritage Site. At the foot of the tower stands a mosque which is the first mosque built in India. It has a 7 m iron pillar in the courtyard with a fascinating saying attached to it.

Akshardham Temple

    Heralded by the Guinness World Record as the World’s Largest Comprehensive Hindu Temple, Swaminarayan Akshardham in New Delhi is an epitome of Indian culture..Various exhibitions on display take visitors through multiple journeys such as the Hall of Values, giant screen film on Discover India, and Cultural Boat Ride. Other attractions include the Circle of Life Musical Fountain (after sunset), Gardens of India, and Lotus Garden.

Total Number Of Branches In Delhi (2781)

STATE BANK OF INDIA (309 Branches)PUNJAB NATIONAL BANK (260 Branches)HDFC BANK (147 Branches)YES BANK (145 Branches)BANK OF BARODA (131 Branches)SYNDICATE BANK (122 Branches)PUNJAB & SIND BANK (115 Branches)ALLAHABAD BANK (105 Branches)BANK OF INDIA (103 Branches)ICICI BANK LTD (97 Branches)UNION BANK OF INDIA (94 Branches)AXIS BANK (90 Branches)CANARA BANK (77 Branches)VIJAYA BANK (72 Branches)ANDHRA BANK (68 Branches)KOTAK MAHINDRA BANK LTD (62 Branches)UCO BANK (60 Branches)STATE BANK OF PATIALA (55 Branches)ORIENTAL BANK OF COMMERCE (54 Branches)THE DELHI STATE CO-OP BANK LTD (50 Branches)CORPORATION BANK (48 Branches)UNITED BANK OF INDIA (36 Branches)CENTRAL BANK OF INDIA (33 Branches)IDBI BANK (33 Branches)INDUSIND BANK (33 Branches)INDIAN BANK (30 Branches)JAMMU & KASHMIR BANK LTD (29 Branches)STATE BANK OF HYDERABAD (28 Branches)FEDERAL BANK (26 Branches)INDIAN OVERSEAS BANK (26 Branches)SOUTH INDIAN BANK (25 Branches)DENA BANK (24 Branches)STATE BANK OF TRAVANCORE (19 Branches)STATE BANK OF MYSORE (18 Branches)THE NAINITAL BANK LTD (13 Branches)STATE BANK OF BIKANER & JAIPUR (12 Branches)BANK OF MAHARASHTRA (12 Branches)STATE BANK OF INDIA (11 Branches)THE KANGRA CO-OP BANK LTD (9 Branches)ING VYSYA BANK (9 Branches)KARUR VYSYA BANK (8 Branches)STATE BANK OF INDIA (8 Branches)RBL Bank Limited (7 Branches)KARNATAKA BANK LTD (7 Branches)CITY UNION BANK LTD (6 Branches)BHARATIYA MAHILA BANK LTD (5 Branches)DHANALAXMI BANK (5 Branches)LAKSHMI VILAS BANK (5 Branches)DCB BANK LTD (4 Branches)CITI BANK (4 Branches)STATE BANK OF INDIA (4 Branches)THE ROYAL BANK OF SCOTLAND N V (4 Branches)THE SHAMRAO VITHAL CO-OP BANK (3 Branches)BANDHAN BANK LTD (3 Branches)TAMILNAD MERCANTILE BANK LTD (3 Branches)PUNJAB & MAHARSHTRA CO-OP BANK (3 Branches)BANDHAN BANK LTD (2 Branches)SARASWAT CO-OP BANK LTD (2 Branches)STATE BANK OF INDIA (2 Branches)STATE BANK OF INDIA (1 Branches)STATE BANK OF INDIA (1 Branches)ING VYSYA BANK (1 Branches)ING VYSYA BANK (1 Branches)SOCIETE GENERALE (1 Branches)BANK OF TOKYO MITSUBISHI LTD (1 Branches)
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