Aadhar Finance

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 11% p.a. to 14.5% p.a.

Eligibility Criteria

  • Minimum 18 years of age and maximum 60 year
  • Loan period from 3 years to 20 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 1.5% of loan amount
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Aadhar Finance

Aadhar Housing Finance Ltd, is a housing finance firm , it is a financial organization which was set up to provide housing finance mainly to the middle and low income groups of society. Home loan is now for everyone. Aadhar housing Finance Ltd, dedicatedly provides housing finance to the lower and middle income segment.

Your Eligibility depends on following


You should be minimum 18 years old

You should be maximum 60 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Make your spouse as co applicant , her/his income will also be added in eligibility
Choose longer tenure of loan period maximum up to 20 years
Add more than one co applicant if required to enhance your eligibility
Close short term loans, this will also increase your eligibility

Rate of Interest and Other Charges for Home Loan are following

Home loan Rate of Interest:

Sno.

Loan Type

Rate Of Interest

1

Aadhar Finance

11%-14.5% p.a. (Floating)

Existing Loan take over or New Loan

Why you should choose Aadhar Finance:

  • Low and affordable rates of interest
  • Customers can pay out their loan as per their convenience with no prepayment fees or charges
  • Top up facility is available under this scheme, wherein customers can top up their loan to more than 30% of their existing loan
  • Transfer of outstanding balance is quick, simple and hassle-free
  • To avail of this scheme customers are required to have a good loan repayment record with no missed payments for the previous 18 months on their existing loan

Features of Loan

 Features of this home loan:

  • One of the distinguishing features of this loan is that it involves minimal paperwork.
  • Quick loan processing means that you get the money just as you need it.
  • Maximum tenure allowed for this loan is 20 years and shall not extend beyond the applicant’s retirement age or 65 years, whichever occurs earlier.
  • You can apply for this loan as an individual or jointly with a co-applicant.

Documents Required for applying  Home Loan  with Aadhar Finance

  • Signed application form with photograph
  • Pan Card for all applicant and co applicants
  • ID proof and residence proof for all applicant and co applicant
  • ITRs with computation for latest 3 years
  • Copies of Sanction letter/ Statement of account of all existing loans
  • Other Documents required for Salaried person
    1. Salary Slip for last 6 months
    2. Bank Statement for last 6 Months
    3. Form 16 for last 2 years
    4. Relationship proof with co applicant
  • Other Documents required for Self Employed – Proprietorship
    1. Business profile
    2. CA certified profit and loss account along with balance sheet for last 3 years
    3. Business registration certificate
    4. Office address proof
    5. Bank Statement for last 12 months
    6. Relationship proof with co applicant
  • Other Documents required for Self Employed – Partnership Firm
    1. Business profile
    2. CA certified profit and loss account along with balance sheet for last 3 years
    3. Partnership deed
    4. Office address proof
    5. Business registration certificate
    6. Bank Statement for last 12 months
  • Other Documents required for Company
    1. Business profile
    2. CA certified profit and loss account along with balance sheet for last 3 years
    3. MOA/AOA/COI
    4. Office address proof
    5. Business registration certificate
    6. Bank Statement for last 12 months
  • Additional Documents required for Balance Transfer case
    1. Statement of account of existing loan
    2. List of Documents given to existing bank
    3. Foreclosure letter
  • Property papers
    1. Complete chain of property papers along with sanctioned plan