FAQs
Find answers to our most frequently asked questions.
For home loan approval, you will need to submit the following documents for all applicants and co-applicants. 1) Latest colour passport size photograph of applicant and co-applicant. 2) Date of Birth (any one of the below) - PAN card - Valid passport - Voter ID card (with complete date of birth) - School leaving certificate 3) Aadhaar card 4) Address Proof (any one of the below) - Valid passport - Voter ID card - Latest electricity bill - Driving licence - Gas connection bill showing full address - Latest telephone bill - Registered/notarised lease agreement (if rented) - Ration card - Water bill - Bank passbook first page with full address - Property tax receipt 5) ID Proof (any one of the below) - PAN card - Valid passport - Voter ID card - Latest passport size photo with bank stamp/initials - Driving licence - Employee ID card (Govt/PSU/Defence) - Valid photo credit/debit card with signature 6) Signature Verification (any one of the below) - PAN card - Valid passport - Signature verification from bank - Driving licence with photograph and signature Income Proof 7) Salaried - Latest 3 months salary slips/latest salary certificate - Latest Form 16 - Latest 6 months bank statement 8) Self Employed - 9 months bank statement (current/savings) - Latest 3 years ITR with computation/profit and loss/balance sheet - Business ownership proof 9) Processing fee cheque in the name of Aadhar Housing Finance Ltd. 10) Loan statement of existing loan (if any). 11) Property documents, if property is finalised (chain title deeds/map permission/khasra record). 12) Estimate of construction (for construction/extension/improvement). Note: The above list is indicative in nature. During loan processing, additional documents may be required.
EMI means Equated Monthly Installment. It is the amount payable to Aadhar Housing Finance Limited every month, till the loan is paid back in full. Every EMI contains both Principal and Interest amount. With Every EMI Paid, the Home loan amount gets reduced. The amount of the EMI depends on the quantum of loan, interest rate applicable and the term of the loan.
EMI Formula: l x r [(1+r)n /(1+r)n-1 ] x 1/12 l = loan amount r = rate of interest n = term of the loan
Maximum amount that one can borrow depends on factors such as: - The purpose of the loan. - Whether it is for purchase of property or improvement or renovation. - Or purchase of land for development etc. - In Aadhar Housing Finance, the maximum Home Loan amount is Rs. 25,00,000 or 80% of the cost of property.
We offer a variety of Home loans for various purposes. Home Construction Loans : For the construction of your own home. Home Improvement Loans : To carry out repair works/renovations in a home that you have already purchased. Home Extension Loans : To extend your existing home. Plot Loans : To purchase plots of land for home construction/INVESTMENT. Balance Transfer Loans : To transfer your existing home loan from another Bank/HFC to Aadhar Housing Finance for better interest rates or extra top-up loan. LAP : Loan against property already owned by the applicant.
Repayment period ranges from 5 to 30 years.
Carpet Area: This is the actual usable area of the apartment/building, which does not include the area of the walls. Built up Area: This includes the area of the walls also. Super Built up Area: This includes the built up area, along with the area under common spaces such as the lobby, lifts, stairs, etc. This term is only applicable to multi-dwelling units.
When you are BUYING A PROPERTY from a builder in a building under construction, you have to check the following: ✓ Approved plan of the building along with the number of floors. ✓ Ensure that the floor that you are buying is approved. ✓ Check if the land on which the builder is building is his or he has authority under an agreement with a landlord. If so, check the title of the land ownership with the help of an advocate. ✓ Check the building by-laws as APPLICABLE in that area and ensure that the builder is building without any violation of front setback, side setbacks, height, etc. ✓ Check specifications given in the agreement to sell of the sale brochure. Is he providing the same actually on the ground or not? ✓ Check the reputation of the builder. ✓ Ensure that urban land ceiling NOC (if APPLICABLE) has been obtained or not. ✓ Permissions from water and electricity authorities also have to be obtained. ✓ Permissions from lift authorities and other Goverment agencies as APPLICABLE.