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Home Construction Loan

Building your legacy begins with a solid foundation. We’ll help you turn the blueprint into a home.

Attractive interest rates
Loan tenure of up to 20 years
Zero floating-rate prepayments

Step 1

Step 2

Step 3

Finish

165+

YEARS OF EXCELLENCE

130+

BRANCHES ACROSS INDIA

₹35,400+ Cr.

LOANS DISBURSED

₹16,538 Cr.

AUM AS OF DEC, 2023

Reasons to Get Your Home Construction Loan

Flexible Fund Disbursement

Get the flexibility to fund the amount directly to the architect or engineer.

Attractive Interest Rates:

Secure competitive rates on your home construction loans, to lower your monthly payments.

Convenient Doorstep Services

Enjoy a stress-free experience with a simplified documentation process that streamlines applying for a loan.

Nationwide access

No geographical restrictions! Purchase land anywhere in India and build your dream house with presence across 130+ branches

Easy Repayment Options

Select between EMIs or structured repayments, depending on what works better for your needs and budget.

Balance Transfer Options

Seamlessly transfer your existing home loan to ABHFL for lower interest rates and a more convenient repayment period.

Who Can Apply For Home Construction Loan?

You can apply for a home construction loan if you come under one of these categories.

Salaried

Self Employed Professional

Self Employed Non-Professional

Get Your Loan In 5 Easy Steps

STEP

Check your eligibility for the Home Construction Loan

STEP

Calculate your need and the EMI you can afford conveniently

STEP

Gather the required documents

STEP

Read the loan terms and conditions

STEP

Apply for the Home Construction Loan

STEP

04

Read the loan terms and conditions

STEP

05

Apply for the Home Construction Loan

Interest Rates
Available

Find out the interest rates applicable to you.

For Salaried/SEP

Loan Type	Interest
Floating/Fixed	8.60% to 15.50%

For Self Employed Non Professional

Loan Type	Interest
Floating/Fixed	8.75% to 16.00%

Home Construction Loan Eligibility

Are you eligible for a home construction loan? Check whether you meet the criteria.

Eligibility criteria

NationalityIndian citizen
Minimum age for applying21 years
Maximum age at loan maturity60 years for Salaried & 70 years for Self-employed
Good credit historyA CIBIL Score of 650 or higher is ideal
EmploymentSalaried or self-employed

Note - This is an indicative list that may change based on your actual loan application.

Upto 30 Lakhs

30 Lakhs to 75 Lakhs

More than 75 Lakhs

90%

80%

75%

Disclaimer - All loans will be at the sole discretion of ABHFL.

Fees & Charges

TRANSACTIONS	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:	• 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
Other Charges: Default Penal Interest Rate / Non Conformance With Any Covenants / Stipulated Conditions	24% p.a. i.e. 2% per month

TRANSACTIONS	CHARGES
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	when the facility amount is equal to ₹5 lakh or lesser – ₹50 per property When the facility amount is greater than ₹5 Lakh – ₹100 per property
Pre-closure Quotes	₹1,000/- per instance
Request for Any Copies of Any Collateral	₹750/- per instance
Duplicate Statement/Repayment Schedule	₹200/- per instance

TRANSACTIONS	CHARGES
Stamp Duty, Legal and other Statutory Charges, Insurance Premium, Creation Charges with ROC	As per actual, where applicable

TRANSACTIONS	CHARGES
Cheque Return Charges	₹750/- per instance
CIBIL Report Retrieval Fee	₹50/- per instance for Consumer and ₹500/- for Commercial CIBIL
Loan Re-Schedulement (at the discretion of ABHFL) Charges	0.50%
NOC Issuance Charges	₹500/-
Cancellation Charges (if any)	4.00% of the loan amount disbursed
Swap Charges (Fixed or semi-fixed rate to floating and vice-versa)	2% of the loan outstanding
Fees and Other Charges	Applicable GST @ 18% will be levied

Disclaimer: The 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 will be subject to changes from time to time.

Documents Needed

Proof of Identity and Address

Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)

Proof of Income

Salary slip for the last 3 months showing all deductions and Form 16

Bank statement where income is credited

Last 6 months

Proof of other income

Rental receipts or documents showing receipt of income

Property documents

Copy of title documents and approved sanction plan

Proof of Identity and Address

Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)

Proof of Income

IT Returns or financial documents for the last 2 years and computation of income certified by a CA for the last 2 years

Bank statement where income is credited

Latest 6 months

Proof of Other Income:

Rental receipts or documents showing receipt of income

Property Documents:

Copy of Title documents and approved sanction plan

Customer Satisfaction Stories

Don’t just take our word for it. Hear from our customers about their successful financial journey with us

Mr. Mohammad Moosa Azmi

Aditya Birla Housing Finance Customer

Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.

Mr. B. Narsimulu

Aditya Birla Housing Finance Customer

Hyderabad, India

Mr. Kiran Narhari Deshmukh

Aditya Birla Housing Finance Customer

I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.

Mr. Vikram Balu Gavali

Aditya Birla Housing Finance Customer

Belapur, India

Different financial needs, different loans,
one app - ABCD

Looking for a home loan? Apply online with the ABCD app and get a quick loan. Move into your dream home with a hassle-free loan process.

Seamless digital application
Check your EMIs to assess the affordability
Different loan options for different needs

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Tax Planning

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Tax-saving options, one click
Save tax under different sections

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Fixed Deposit

Guaranteed returns with Fixed Deposit

Flexible deposit tenures
₹5 lakh deposits insured by DICGC

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FAQs on Home Construction Loan

A home construction loan is specifically designed for individuals seeking to build their residential property on their owned land. It provides the unique advantage of disbursing the loan amount directly to either the architect/engineer or to the borrower, offering flexibility in financing for a seamless home construction experience.

A home construction loan covers the expenses related to building the property itself and does not include the cost of purchasing the land. The disbursal of the total loan amount occurs in stages, aligning with the various construction phases of the property.

Attractive Interest Rates: ABHFL provides attractive interest rates for home construction loans, ensuring that financing your home-building project is cost-effective. These competitive rates result in more budget-friendly monthly payments, facilitating easier financial management throughout the construction of your residential space.

Loan Tenure up to 20 Years*: ABHFL gives you flexibility with loan terms up to 30 years*, making it easier to spread out your repayments. This helps ease the monthly burden, making your home construction plans more achievable.

Quick & Transparent Processing: ABHFL is committed to providing a quick and transparent loan approval process for your home construction loan application. You'll get regular updates, stay in the loop, and quickly secure the funds to kickstart your project

No Prepayment Charges for Floating-Rate Home Loans Given to Individuals: ABHFL offers you the flexibility to make extra payments on your home construction loan with no prepayment charges. This means you can pay off your loan faster and save on interest costs if your financial situation improves.

Attractive Balance Transfer Option Available: If you have an existing home construction loan with another lender, consider transferring your balance to ABHFL and take advantage of the competitive interest rates. The balance transfer process is simple and hassle-free, allowing you to consolidate your loans and potentially save significant amounts of money over the loan term.

Doorstep Services: Recognizing the importance of your time and convenience, ABHFL offers personalised doorstep services to streamline the loan application process. Our dedicated team is committed to guiding you through every step, ensuring a seamless and stress-free experience right from the comfort of your home.

To apply for an ABHFL home construction loan, you can follow these steps:

Step 1: Visit the ABHFL website and download the home construction loan application form.

Step 2: Fill in the application form completely and accurately.

Step 3: Attach the required documents, such as your KYC documents, income proof, property documents, and NOC from your existing lender (if applicable).

Step 4: Submit the duly filled-out form and required documents to your nearest ABHFL branch.

Step 5: An ABHFL representative will review your application and contact you to discuss your loan requirements.

Step 6: Once your loan is approved, you will need to sign the loan agreement and complete the necessary paperwork.

You can also apply for an ABHFL home construction loan online or by calling the ABHFL customer care number (1800 270 7000). For any assistance, you can also write to us at care.housingfinance@adityabirlacapital.com

The home construction loan amount can extend up to 100% of the construction value, subject to considerations such as age, annual income, and other relevant factors.