Know the Nitty & Gritty of Aadhar Finance Loan

Being a leading and reputed name in the industry, there is no denying the fact that Aadhar Housing Finance is no doubt an ideal lender that can fulfill all your needs. And, keeping this thing into account, we are here. Yes, today, in this article, we are going to talk about a home loan being offered by this lender. So, let’s not waste any time further and come to the point straight by letting you know more about this credit facility being offered by Adhar Finance home loan in the article below.

Home Loan Interest Rate

Currently, this lender is offering the loan to the applicants at an interest rate of 11%-14.50% per annum. With this range, it is easy for an applicant to enjoy a hassle-free journey as these rates come with pocket-friendly EMIs as well as Interest Outgo. Not only this, also the processing fee of the loan comes out to be 1.50% of the loan amount along with a maximum tenure of 20 years.

Now that you are aware of the home loan interest rates, it is important that you should also be aware of the details that you need to fill in the loan application form. Yes, there are certain details you need to fill correctly in the form so as to get the Aadhar Finance loan easily. Take a look at the details below:

Name, Mother’s Name, Father’s’/Spouse Name, Current Residential Address, Mobile Number, Email-ID, Permanent Residential Address, Date of Birth, Marital Status, Qualification, Driving License, PAN, etc.

Apart from these details, you also need to ensure that you have a correct and long list of documents with you so that you can easily avail the loan.

Salaried: Photo ID Proof, Address Proof, Income Proof (last 3- month salary slips, bank statement/passbook for the past 6 months), Company Profile

Self-employed: Photo ID Proof, Address Proof, Income Proof (ITR for last 3 years, last 1- year bank statement, tax deduction certificate, partnership deed copy, tax paid/self- assessment tax challan)

Who is Eligible?

Both salaried and self-employed individuals are eligible to avail the loan. Take a look at the home loan eligibility norms below.

Salaried: Maximum loan eligibility up to 80%, maximum loan tenure of up to 20 years, 1.50% of the loan amount(processing fee), mode of application-individual or joint home loan, both public and private sector employees are eligible for this credit facility.

Self-employed: Maximum loan eligibility up to 80%, maximum loan tenure of up to 20 years, 1.50% of the loan amount(processing fee), you can either be an independent home loan applicant or bring your spouse or any other family member under the list.