Skip to content
Home » Aadhar Home Loan Highlights 2024: How and Where to Apply

Aadhar Home Loan Highlights 2024: How and Where to Apply

Most individuals want to own a house. They work tirelessly and devotedly for years to accumulate the funds required for investing in a home. But despite one’s income level, this may not always be achievable. This is when a home loan comes into the picture. A house loan may help you construct your ideal home while also providing monetary backing.

There are lots of ways to receive a home loan. However, Aadhar Home Loans may be an excellent choice because they provide loans even if you only earn Rs. 10,000 every month. Aadhar Housing Finance Ltd. provides inexpensive home loans to individuals so that they can build their own homes.

Aadhar Housing Finance ranks as one of the top financing sources for housing needs. This firm’s home loans assist people of different income brackets in buying or constructing their own homes. Started in 2010, the firm operates throughout the entire nation. Aadhar Housing Finance offers a variety of home loan options to fulfil the diverse needs of its customers.

Positive Aspects and Advantages of the Aadhar Housing Loan

The main features and positive aspects of Aadhar housing loans are listed below.

  • The loan might be requested either singly or jointly.
  • One can get upto 70 Lakhs as a home loan from Aadhar Housing Finance Limited.
  • The Pradhan Mantri Awas Yojna provides applicants with house loan subsidies.
  • Applicants are allowed to select credit terms of up to 25 years.
  • These financial products are available to people in the private sector, third—and fourth-grade government personnel, teachers, and police officers, among others.
  • Self-employed individuals can take out this loan.
  • Individuals with Low CIBIL Scores, minimum 600+, can get this loan. People with minus 1 CIBIL Can also apply for it.
  • You can take out a loan without income proof if you apply through Refer Loan.

Key Highlights of Aadhar Housing Loan 2024

Loan AmountRs. 5.00-70.00 Lakhs
ROI10.50% Onwards
Loan TenureUpto 25 Years
Login FeeRs.4130.00+
Processing FeeUpto 1.50% + GST
Part PaymentAllowed
Accepted Collateral
  • Khasra-Khatauni Property
  • Lal Dora Property
  • Un-approved Property
  • Gram Panchayat Property
  • Legal & technical not clear
  • Bachha Flat,Basement with 1st Floor
  • Subdivided Property
  • Without MAP Property
  • Subject to Sale Deed
  • Regularized Colony
  • Approved Property
  • Plot
  • Stone Slab Property
  • Ground+5th Floor
  • Dual /Multiple floors upto UGF
  • 4th floors without Map
  • GPA Properties
Applicant AgeSalaried – 21 -60 Years

Self-Employed – 23-65 Years

Additional Benefit1. Funding for Home Renovation

2. Funding on Ground+5th Floor too without MAP.

3.Home Loan + self construction

4. Plot Purchase & Construction

Who Can Apply for an Aadhar Home Loan?

The requirements and eligibility conditions for Aadhar Housing loans are as follows:

  • Both salaried and self-employed individuals are eligible for this loan.
  • Employees who are salaried need to be at least 60 years old or younger at the completion of their loan repayment tenure.
  • Self-employed candidates are required to be 65 years of age or younger at the completion of their loan payback tenure.

Required Documents to Apply For Aadhar Housing Loan

DocumentSalaried IndividualsSelf-Employed Individuals
KYC of Applicant & Co-ApplicantRequiredRequired
Last 3 Month Salary Slip of ApplicantRequiredNot applicable
Last 12 month’s Bank Statement of the ApplicantRequiredRequired
Last 12 month’s Bank Statement of the Co-ApplicantRequiredRequired
Last 3-year ITR with computation of income of ApplicantRequiredRequired
Last 3-year ITR with computation of income of Co-ApplicantRequiredRequired
Last 2 Year Form 16 of ApplicantRequiredNot applicable
26AS of the last 2 years of ApplicantRequiredRequired
26AS of last 2 years of Co-ApplicantRequiredRequired
Appointment letter of Applicant (if available)RequiredNot applicable
Agreement to Sale (if purchase case)RequiredRequired
Property Paper with complete chain of last 13 yearsRequiredRequired
Approved MAP of Property (if available)RequiredRequired
LOD (List of Documents), Foreclosure Statement & SOA (Statement of Account) if BT CaseRequiredRequired
Sanction letter of all running loanRequiredRequired
Latest utility Bill (owned residence) or rent agreement (if rented)RequiredRequired
Copy of GST registrationNot applicableRequired
Copy of MSME registrationNot applicableRequired
Copy of Last 12 month’s GST returnNot applicableRequired
Last 3-year audited balance sheet of ApplicantNot applicableRequired
Last 3-year Tax audit report of ApplicantNot applicableRequired
Latest utility Bill of Office (if owned) or rent agreement (if rented)Not applicableRequired
Last 3 year Debtors & Creditors on letterheadNot applicableRequired
List of Directors & Shareholders (if Company) or List of Partners (if Partnership firm/LLP)Not applicableRequired
2 Reference with contact detailsRequiredRequired

For What Purposes Can One Make Use of an Aadhar Home Loan?

Loan TypePurposeLoan AmountTenure
Home Loan for SalariedFor salaried individualsUp to Rs 1 croreUp to 30 years (bank account) / Up to 20 years (cash)
Home Loan for Self-employedFor self-employed individualsUp to Rs 1 croreUp to 20 years (age < 70 at maturity)
Home Improvement LoanFor home renovation activitiesUp to Rs 1 croreUp to 30 years (bank account) / Up to 20 years (cash)
Loan for Construction/Plot PurchasePurchase non-agricultural landUp to Rs 1 croreUp to 20 years (plot only) / Up to 30 years (plot + construction)
Home Extension LoanFor home extension needsUp to Rs 1 croreUp to 30 years (Salary in Bank Account) / Up to 20 years (Cash Salary)

How to Apply for an Aadhar Home Loan

If you’re looking for a home loan, follow the instructions below:

  • Open
  • Navigate to the “loan” option.
  • Select Aadhar Home Loan
  • If you’re an existing client, complete the form. New people must first register before submitting their application form.
  • Enter all of the information along with the mobile phone or email for OTP authentication.
  • Bring in your earnings and KYC information.
  • Choose your loan size.
  • Attach all relevant papers.
  • Send your application form.
  • Await for a reply from Refer Loan.

Bottom Line

Whenever applying for a loan, be sure the EMI is within your financial capabilities. The ideal scenario is that EMIs shouldn’t cost you more than 40% of your gross monthly earnings. A higher EMI can dramatically increase your responsibilities and raise the possibility of defaulting.

Leave a Reply

Your email address will not be published. Required fields are marked *