Beware of fraud! It has come to our notice that some unscrupulous people, who are neither affiliated with Aditya Birla Capital Ltd nor Aditya Birla Housing Finance Limited are cheating people of their money by promising loans at an unrealistic interest rate via fake marketing banners/ websites, etc. by misusing our name, brand and/or logo and employee information. Please verify the loan offer by calling us on 1800 270 7000 or writing to us on care.finance@adityabirlacapital.com To know more, click here https://bit.ly/2ZqB4Yx

Aditya Birla Housing Finance Limited

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Home Improvement Loan

Home Renovation 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.

Interest Rates

ABHFL offers low home loan interest rates starting from 6.70*% p.a. This rate of interest is applicable to Home Loans, Balance Transfer Loans, House Renovation and Home Extensions Loans.

ABHFL offers an adjustable-rate loan also known as a floating rate loan as well as a trufixed loan in which the interest rate on the home loan remains fixed for a specific tenure (say first two years of the entire loan tenure) after which it converts into an adjustable-rate loan.

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Features & Benefits of Home Improvement Loan

Your home is where you build memories with your loved ones. It's your own little piece of heaven. ABFHL presents home loans, especially designed just for you.

Attractive interest rates
Loan tenure up to 10 years*
Quick & transparent processing
Nil pre-payment 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 Renovation Loan Eligibility

Minimum age of applicant - 21 yrs
Maximum age of applicant at loan maturity - 60 years for salaried, 70 years for self employed

Loan to property value -

Upto 30 Lakhs	30 Lakhs to 75 Lakhs	More than 75 Lakhs
90 %	80 %	75 %

Fees & Other Charges

Transaction	Charges
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: Any part pre-payments made in the last 12 months prior to closure will be counted towards the pre-closure charges (applicable for non individuals/ individuals with other than floating rate)	Floating rate loans given to individuals, where all applicants and co-applicants are individuals: Nil Home Loans (other than floating rate Home Loans to individuals): 2% of principal outstanding Loan against Property & Lease Rental Discounting: 4% of principal outstanding Loan against Property or Lease Rental discounting (other than floating rate loans to individuals): 4% of principal outstanding
Other Charges: Default Penal Interest Rate / Non Conformance with any covenants / stipulated conditions	24% p.a. i.e. 2% per month
NACH failure charges	₹750/- per instance
Accrued Interest	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
Pre-closure quote	₹1,000/- per instance
Request for Copies of any collateral held with ABHFL	₹750/- per instance
Duplicate Statement/ Repayment Schedule / any other document held with ABHFL request	₹200/- per instance
Cheque Return Charges/ECS failure charges	₹750/- per instance
CIBIL report retrieval fee	₹50/- per instance for Consumer and ₹500/- for Commercial CIBIL
Loan Re-schedulement (at discretion of ABHFL) charges	0.50%
NOC issuance charges	₹500
Cancellation Charges if any	4.00% of loan amount disbursed
Swap Charges (Fixed or semi-fixed rate to floating and vice-versa at discretion of ABHFL)	2% of the loan outstanding
Stamp Duty Legal and other statutory charges Insurance Premium Creation charge with ROC	As per actual, where applicable
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)

Home Improvement Loan Documents

Purpose	Salaried	Self Employed / Professional / Partnership / Company
Proof of Identity and Address	Passport or Voter's ID card or Driving License or Job Card issued by NREGA or Adhaar Card or Registration certificate or PAN card (PAN Card only as identity proof) or any other document as acceptable to ABHFL
Proof of Income	Latest 3 months salary slip showing all deductions & Form 16	IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years
Bank statement where salary or income is credited	Latest 6 months	Latest 6 months
Proof Other Income	Rental receipts or documents showing receipt of income
Property Documents	Copy of Title documents and approved sanction plan