Aditya Birla Finance

Overview

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Aditya Birla Finance Limited (ABFL) is one of India's most reputed non-banking financial companies (NBFC). Incorporated in 1991, the company was certified as ISO 9001:2008 across all its core functional processes in March 2013 by BSI, a leading global independent business services organization. We offer customized solutions in areas of Capital Market, Corporate Finance, Commercial Real Estate & Mortgages and Infrastructure Project & Structured Finance.

Loan Against Property

The type of loan which can be availed by a commercial entity or an individual when they keep their residential or commercial property as collateral to a bank is called as Loan against property. This is the secured loan and is one of the easiest loans to get. It involves minimum documentation

 

Features and Benefits

Rates of interest are very attractive Processing is very fast There are no pre-payment charges up to a maximum of 25 percent of the outstanding loan once in a financial year. Commercial and residential property are kept as collateral Upto 60 percent of your commercial property and 70 percent of your residential property can be taken as loans. Minimum period is 15 years One can use the funds for business or personal needs
 

Eligibility Criteria

The minimum loan amount is 15 Lakhs for locations other than Mumbai and Delhi and 25 lakhs for Delhi and Mumbai The cash flow of customer HNIs (salaried, self-employed)/ Private Ltd. Cos. / closely held or unlisted companies / sole proprietorship concerns/ partnerships
 

Document Required

For Salaried Individual

Latest 3 months' salary slip Form 16 Identity Proof and Address Proof Receipt of income Property documents Bank statements where income is credited for last 6 months

Self Employed/ Company/ Professional/ Partnership

Address proof and ID proof IT returns or other documents for the last 2 years Calculation of income certified by a CA Copy of property documents Bank statements where income is credited for 6 months

Disclaimer: Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated. Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates

Home Loan

Aditya Birla Finance Limited (ABFL) is one of India's most reputed non-banking financial companies (NBFC). Incorporated in 1991, the company was certified as ISO 9001:2008 across all its core functional processes in March 2013 by BSI, a leading global independent business services organization. We offer customized solutions in areas of Capital Market, Corporate Finance, Commercial Real Estate & Mortgages and Infrastructure Project & Structured Finance.

We offer two variants of Loan against Property

Loan Against Residential Property/ Plot Loan against Commercial Property/ Plot

 

Features and Benefits

Attractive interest rates. Fast and transparent processing Loan tenure up to 20 years Door service The pre-payment charges for floating rate home loans provided to individuals are NIL You can choose between simple EMIs or structured repayments Lucrative option of balance transfer is also available
 

Eligibility Criteria

The minimum age of the applicant is 21 years The maximum age at loan maturity is 60 years The minimum loan amount is 15 Lakhs for locations other than Mumbai and Delhi and 25 lakhs for Delhi and Mumbai.
 

Document Required

For Salaried Individual

Latest 3 months' salary slip that shows all deductions and also Form 16 Address Proof and Identity Proof Rental receipt or document that shows receipt of income Copy of property documents Bank statements where income is credited for last 6 months

Self Employed/ Company/ Professional/ Partnership

ID proof and address proof IT returns or other documents for the last 2 years Calculation of income for the last 2 years certified by a CA Copy of property documents Bank statements where income is credited for 6 months