FAQ's

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 (having complete Date of Birth)
• School Leaving Certificate 10th/12th

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 (Land Line/post-paid Mobile)
• Copy Of Leave & License Agreement - Registered Or Notarised (In Case Of Rented Premises)
• Ration Card
• Water Bill
• Bank Pass Book With First Page Having Full Address That Matches The Applicant Address On The Application Form
• Property Tax Receipt

5) ID PROOF (any one of the below)

• Pan Card
• Valid Passport
• Voter ID Card
• Bank Pass Book with Bank Stamp on Photo
• Driving Licence
• Employee ID Card Issued by Govt. PSU, Defence Establishment
• Valid Photo Credit or Debit Card (With Signature Printed)

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 Month Bank Statement

8) SELF EMPLOYED (PROFESSIONAL / NON PROFESSIONAL)

9) Month Bank Statement (Current/Saving)

• Latest 3 Years ITR with Computation (Profit & Loss A/c /Balance Sheet)
• BUSINESS OWNERSHIP PROOF (any one of the Below)
• Shop & Establishment Licence/ Gumasta
• Any Municipal License in the name of Owner
• Current Account in the name of Firm
• GST/Old Service Tax Registration Certificate
• Any registration with Local Market / Vyapar Associate
• Foods Licence

9) PROCESSING FEE CHEQUE IN THE NAME OF “AADHAR HOUSING FINANCE LTD.

10) LOAN STATEMENT OF EXISTING LOAN (IF ANY)

PROPERTY DOCUMENT (IF PROPERTY HAS BEEN FINALISED)

11) COPY OF CHAIN TITLE DEEDS

12) COPY OF MAP / PERMISSION

13) COPY OF KHASRA RECORD

14) ESTIMATE OF CONSTRUCTION IN CASE OF CONSTRUCTION/ EXTENSION/ IMPROVEMENT CASE

Note: The above list is indicative in nature. During loan processing, additional documents may be needed.

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 Home Loans, 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 purchase

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.

If you want to purchase a property, you must see the approved layout plan, approved building plan, ownership documents, carryout search, etc. Consult an advocate before you purchase a property so that he can advise you.

The stamps are required to be purchased in the name of any one of the executors to the Instrument.

Market value means the price at which a property could be bought in the open market on the date of execution of such instrument. The Stamp Duty is payable on the agreement value of the property or the market value which ever is higher.

The instruments that attract Stamp Duty on market value of the property are:

• Agreement to Sell
• Conveyance Deed
• Exchange of property
• Gift Deed
• Partition Deed
• Power of Attorney settlement and Deed
• Transfer of lease

The Sub-Registrar of the area, in whose jurisdiction the property is located, is the appropriate authority for knowing the market value of the property.

Regarding authenticity of documents, again, you have to take the help of an advocate.

Gift of an immovable property is considered as a 'transfer' under the provisions of the TOP Act and you have to have the transaction registered through a Gift Deed and pay stamp duty as per provisions of the relevant State's Stamp Act depending in which state the property is situated.