Why Aadhar Housing Home Loan Interest Rate Will Be The Best One For You?

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In India, owning a home is still a distant dream for many people. You must be thinking why? Well, because of the massive prices of the houses which not many people can afford at one go. To make people achieve their dream, various banks and financial companies offer the home loan facility to different kinds of individuals. Aadhar Housing Finance Ltd. is one of the largest housing finance companies that has been providing different kinds of home loan facilities to the customers since 2010 and still going strong.

Before opting for any kind of home loan facility, any individual must check the interest rate carefully because of the impact it can have on the monthly installments when you will repay your loan amount. Aadhar Housing home loan interest rate is one of the best in the market when it comes to the affordability factor. If you’re planning to buy your dream home and looking for a suitable loan facility, then Aadhar Housing home loan will be perfect for you. In this article, we will be telling you everything about the Aadhar housing home loan interest rate, its features, application process, eligibility criteria, and many other things. So, keep reading to know more about it.

What are some prominent highlights of Aadhar Housing Home Loan

Loan Amount: It doesn’t matter if you’re a self-employed person or a salaried employee, Aadhar Housing home loan can be availed by both in a hassle-free manner. The housing finance company takes care of all the problems individuals face while opting for the loan. The maximum loan amount can be as much as INR 1,00,00,000 which also depends on a variety of factors like the applicant's age, assets, liabilities, job stability, educational background, repayment capability, etc. Remember that you can not get the loan amount of more than 80% of the property cost.

Aadhar Housing Home Loan Interest Rate: The most important factor while taking for a home loan is the interest rate because the higher the interest rate, higher will be the EMI amount and vice-versa. Aadhar housing home loan interest rate ranges from 11% to 14.50% per annum. The most important factor while deciding your interest rate will be your CIBIL score. If you do have a good CIBIL score, you will be eligible to get a lower Aadhar Housing rate of interest on your home loan facility.

Tenure period: Both salaried and self-employed individuals can opt for the loan amount for a maximum of 30 years. But it can not be more than the applicant’s retirement age or 60 years whichever is earlier. You must choose the tenure carefully because you will have to pay more interest amount on having a longer tenure.

Co-applicant Facility: You can apply for the loan with having your immediate family members as co-applicants. It’s important to have the co-owner of the property as co-applicants.

Repayment Facility:  You can easily repay the home loan amount with an easy EMI facility. You can also check the EMI amount with the help of the Aadhar Housing home loan EMI calculator by filling out a few basic details.

Eligibility Criteria for getting an Aadhar Housing Home Loan:

You can check your eligibility with the help of the eligibility calculator given on the official website of Aadhar Housing. You will just have to fill a few basic details into it, and it will give you the loan amount that you’re eligible for. Below are the needed details.
  • Loan Tenure which can be a maximum 30 years
  • Aadhar Housing Home Loan interest rate
  • Net Monthly Income of Applicant
  • Current obligations of the Applicant
  • Net Monthly Income of Co-Applicant
  • Current Obligations of Co-applicant
As soon as you fill all these details into it, you will get the exact eligible loan amount within few seconds. 
Location: India

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