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Aditya Birla Housing Finance Limited

ABC Solutions

Home Construction Loan

Let’s build your dream home, from foundation to finish.

Apply Now

Home Loan EMI Calculator

ROI ranges from 8.6 to 20

Your EMI is

  • ₹
  • /Month

Check out the loan amount you are eligible for

Calculate Eligibility

About Home Construction Loan

This is a loan meant for those who want to construct their residential property on a land they own. The loan amount can be funded either directly to the architect/engineer or to you.​​

Features & Benefits

  • Attractive interest rates

  • Quick & transparent processing

  • Loan tenure up to 20 years*

  • No prepayment charges for floating rate home loans given to individuals

  • Attractive balance transfer option available

  • ​​Door step services

  • Attractive interest rates

  • Quick & transparent processing

  • Loan tenure up to 20 years*

  • No prepayment charges for floating rate home loans given to individuals

  • Attractive balance transfer option available

  • ​​Door step services

* Disclaimer - All loans will be at the sole discretion of ABHFL

Home Improvement Loan Eligibility

Minimum age of applicant

21 yrs

Maximum age of applicant at loan maturity

Salaried - 60 years, Self employed - 70 years

  • Upto 30 Lakhs

    90%

  • Above 30 lakhs & upto 75 lakhs

    80%

  • More than 75 Lakhs

    75%

Home Construction Loan Fees and Other Charges

Transactions & Charges

  • Home Loans : Up-to 1% of the loan amount
  • Other Loans : Up-to 2% of the loan amount

1. Floating rate term loan sanctioned to individual borrowers, with or without co-obligant(s):

  • Other than business purpose - NIL

  • Business Purpose - 4 % of principal outstanding andlock-in charges as applicable.

2. Floating rate term loan sanctioned to non-individualborrowers: 4% of principal outstanding paid and lock-in charges if any.

3. Fixed interest rate housing loan given to individual:

  • Pre-closed from own sources - Nil

  • Other sources - 2% of principal outstanding and lock-in charges if any.

4. Fixed interest rate non-housing loans (LAP/LRD/CP/GPL/Top-up) given to Individual/NonIndividual borrowers (closed from own/other source): 4% of principal outstanding paid and lock-in charges if any.

Explanation:

In case of Semi-Fixed Loans (fixed for initial period and then floating), the Foreclosure/ Part payment norms will be applicable as per the status (fixed/floating) of the loans as on that particular day.

“Own sources” means any source other than by borrowing from a bank/ HFC/ NBFC and/or a financial institution.

“Fixed rate loan” means a loan is one where the Rate of Interest rate is fixed either for a particular period or for entire duration of the loan.

“Business purpose loan” shall mean:

  • Loan against any property/ Top up loans availed forBusiness use such as working capital, business debt consolidation, repayment of business loans, expansion of business, acquisition of business asset,

  • Loan for purchase/ renovation/ construction/extension of Non-residential property,

  • Lease Rental Discounting

Penal Charges / Non Conformance with any covenants / stipulated conditions
24% p.a. i.e. 2% per month
₹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)

When facility amount is equal to ₹5 lacs or lesser – ₹50 per property

When facility amount is greater than ₹5 lacs – ₹100 per property

₹1,000/- per instance
₹750/- per instance
₹200/- per instance
₹750/- per instance
₹50/- per instance for Consumer and ₹500/- for Commercial CIBIL
0.50%
₹500
4.00% of loan amount disbursed
2% of the loan outstanding
As per actual, where applicable
Disclaimer:Above charges constitute the rack rate for all customers. Actual charges for any customer, if different, will be as communicated at the time of loan sanction and disbursal and would be subject to changes from time to time.​​ Fees and Other charges (applicable GST @ 18% will be levied on these charges).

Documentation

  • 1. Proof of Identity and Address
    Salaried / Self Employed / Professional / Partnership / Company
    Click here to view the list of documents required.

     

    2. Proof of Income
    Salaried
    Latest 3 months salary slip showing all deductions & Form 16
    Self Employed or Professional
    IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years
    3. Bank statement where salary or income is credited
    Salaried
    Latest 6 months
    Self Employed or Professional
    Latest 6 months
    4. Proof Other Income
    Salaried / Self Employed / Professional / Partnership / Company
    Rental receipts or documents showing receipt of income
    5. Property Documents
    Salaried / Self Employed / Professional / Partnership / Company
    Copy of Title documents and approved sanction plan ​​​​​

What do we offer?

ABFL offers comprehensive solutions for all your business requirements. Our Corporate Finance help business owners scale up operations or acquire new processes for optimal functioning and profitability. In addition, our Corporate Finance facility is an excellent solution applicable to both short-term (managing assets and existing liabilities) and long-term (capital purchases and future investments) financial issues.

  • Home Loan

Your home is where you build memories with your loved ones. It’s your own little piece of heaven. ABHFL presents a home loan, especially designed just for you.

  • Home Extension Loan

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements.​​

  • Home Improvement Loan

A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With ABHFL Home Renovation Loans you can upgrade your existing home to a contemporary design and a more comfortable living space.​​

  • Loan Against Property

This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.

Your home is where you build memories with your loved ones. It’s your own little piece of heaven. ABHFL presents a home loan, especially designed just for you.

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements.​​

A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With ABHFL Home Renovation Loans you can upgrade your existing home to a contemporary design and a more comfortable living space.​​

This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.