© 2017, Aditya Birla Capital Inc.
All Right Reserved.
Aditya Birla Housing Finance Limited
The real estate industry requires a constant stream of funds for various construction-related tasks. From the under-construction stage to the handover stage, developers must have funds available to ensure the timely delivery of housing or commercial units. Stalling a project mid-way owing to paucity of funds is a common problem faced by many housing and commercial development projects in India. Real estate developers can overcome this hurdle by availing construction loans.
Aditya Birla Housing Finance offers real estate developers the option of acquiring requisite funds for their proposed or ongoing residential construction projects against the project sales receivables. The project finance is given subject to the construction plan timelines and the verified credentials of the developer. The loan for the real estate can be extended for tenure of up to 60 months.
Loan Processing /Administration Fee
Home Loans : Up-to 1% of the loan amount
Other Loans : Up-to 2% of the loan amount
Part Payment/Pre-Closure Charges:
(applicable for non-individuals/ individuals with other than floating rate)
Default Penal Interest Rate / Non Conformance with
any covenants / stipulated conditions
24% p.a. i.e. 2% per month
Cheque Return Charges/NACH failure charges
Rs.750/- per instance
As applicable based on actual delayed status or as communicated by the lender from time to time
CERSAI charges (You may visit the website of CERSAI for all such charges at www.cersai.org.in)
Rs.1,000/- per instance
Request for Copies of any collateral held with ABHFL
Duplicate Statement/ Repayment Schedule / any other document held with ABHFL request
Rs.200/- per instance
Charge For Exchanging ECS mandate
CIBIL report retrieval fee
Rs.50/- per instance for Consumer and Rs.500/- for Commercial CIBIL
Loan Re-schedulement (at discretion of ABHFL) charges
NOC issuance charges
Revision of Fixed rate to floating and vice-versa/ revision in loan interest rate/ tenure at discretion of ABHFL
2% of the loan outstanding
As per actual, where applicable
© 2017, Aditya Birla Capital Ltd. All Rights Reserved.
Call us directly:
1800 270 7000