FAQs

You can apply for ABHFL home loans via various options:

• Download the application form from our website – ABHFL Home Loan Application Form — and submit the duly filled form to your nearest branch

• Write to us at care.housingfinance@adityabirlacapital.com

• Call us on 1800 270 7000

• Visit any of our branches spread over various locations. Click on Locate Us to find your nearest branch

Your Home Loan eligibility is decided based on your repayment capacity and up to 90% of the property value. Your repayment capacity depends on the following factors:

• The income of all applicants

• Age of the primary applicant

• Other income or existing EMIs

• Stability and continuity of the primary applicant's occupation

Yes, you can avail of a loan for any of the following purposes:

• Purchase of a home

• Construction of a home

• Home repairs

• Home improvements

• Home extension

• Plot purchase + home construction

You will need to submit the following self-attested documents:

ABHFL may request additional documents for processing your loan.

When there is an unexpected increase in interest rates, we first attempt to make things easier on you by increasing the loan tenure within permissible limits. If this doesn’t resolve the issue covering interests under current EMI, we will need to increase the EMI. If you wish to make any changes in the impact given by ABHFL , you may call us call us on 1800 270 7000 or email us at care.housingfinance@adityabirlacapital.com. On receipt of your request, changes will be made to Policy T&C and a revised repayment schedule will be shared.

Please note that if there is a change in ARR, we update the revised ARR on our website along with an illustrative impact of the change. Further, a communication will be sent on your registered mobile number and email ID.

The ABHFL Rate of Interest (“ROI”) shall be determined based on the cost of borrowed funds, tenor of loan, liquidity conditions prevailing in the market, cost of operations, credit risk arising from the borrower or pool of borrowers and the minimum margin. Please refer the Policy for determination of Interest Rates, Processing and Other charges placed on our website for further details. The Rate of Interest for your loan is linked to the ABHFL Reference Rate and the same may be revised from time to time.

The impact of change in ROI shall be given on Loan Tenure or EMI or both as the case may be, depending upon customers’ repayment capacity. Any change in ROI will be intimated to the customers. Please connect with us on call at 1800 270 7000 or email us at care.housingfinance@adityabirlacapital.com in case you wish to change the options offered.

The following are the various impacts that can take place on your loan depending on multiple parameters:

Revision in Tenure with EMI Constant

Revision in Tenure & EMI

Revision in EMI

Illustration:

Scenario: Customer is a Salaried individual with a Home Loan from ABHFL with the following terms:

Loan Amount: Rs. 30,00,000

Loan Tenure: 240 months (20 years)

ROI: 9.00%

EMI: Rs. 26,992

The calculated EMI is Rs. 26,992 as per the above parameters.

Scenario: Loan has been paid for 10 months and there is still another 230 months to repay the same. After 10 months, the loan details are:

Loan Outstanding Amount: Rs. 29,53,536

Balance Loan Tenure: 230 months

Scenario: Reference Rate increases by 0.25% due to which ROI has also changed. Revised ROI will be: 9.00% + 0.25% = 9.25%

Considering the Loan Outstanding Amount, Remainder Loan Tenure & Revised ROI, the Revised EMI = Rs. 27,463

Increase in EMI = Rs. 27,463 (Revised EMI) – Rs. 26,992 (Original EMI) = Rs. 471.

Impact of Rate increase by 0.25% = Rs. 471 (Difference in EMI) x 230 months (Remainder Loan Tenure) = Rs. 1,08,349

Ideally, increase in tenure keeping EMI constant would be looked at (provided there is no tenure breach). In such a scenario, tenure would be increased by 12 additional months and the additional outflow is Rs.3,23,901 (12 x 26,992).