Is Aadhar Finance Mortgage Loan Makes Your Home Finance Easier? A known housing finance company in India, the Aadhar Housing Finance Limited provides mortgage home loans to the customers. By taking this loan you can finance your house or property easily at an affordable rate of interest against your existing property. Both salaried and self-employed can avail the Aadhar finance mortgage loan if they meet the loan eligibility. You can repay the loan amount in equated monthly loan installments (EMIs) up to 15 years. To know more about the mortgage home loan read the given article. On what eligibility criteria you will get Aadhar finance mortgage loan? Aadhar Housing Finance limited provide the mortgage loan to the customers whose age is between 21 to 60 years with a stable income. If you are not eligible for the loan then you can add a co-applicant to increase your loan eligibility. You can also use the Aadhar home loan eligibility calculator to determine the amount you can borrow from the finance company. Salaried individuals can borrow a loan amount up to INR 10 lakh whereas the self-employed can borrow up to INR 1 crore. The interest rate on your Aadhar finance mortgage loan is starting from 11.00% and you must pay the interest rate with your monthly EMIs. Estimate your loan EMIs using the Aadhar finance mortgage loan calculator You can easily pay the EMIs by choosing a suitable tenure and you can only choose a suitable tenure when you have an approx. idea of your loan EMIs. And, you can calculate the EMI of your Aahaar mortgage loan using the loan calculator. Visit the Aadhar Finance housing website and click on the “EMI Calculator” option then enter your desired loan amount, interest rate and tenure then it will generate the EMI instantly. The home loan calculator works on the formula [P x R x (1+R)^N]/[(1+R)^N-1] and by taking into account of the loan details it estimates an approx EMI. Suppose, if you have borrowed a loan amount of INR 6 lakh for property purchase at an interest rate of 12.13% on 8 years tenure then your total EMI would be INR according to Aadhar finance mortgage loan calculator. Why should you opt for the aadhar Mortgage loan? People take mortgage loans because it makes easier for them to purchase the property at the time of money lacking. There is a high risk for the lender and borrower both that’s why the interest rates are decided on the basis of individual credit score, job stability and flow of income. Because, if your credit score is low then you don’t get approval for the loan or might get a high-interest rate on your borrowed amount. The financial institution can sell the mortgaged property if you are unable to pay the home loan EMIs.
You can apply for the Aadhar finance mortgage loan easily by visiting its official website, on the home page you will see the option of “I Want to Apply” click on it and choose “loan against property”. After that, you’ll be directed to the application form in which you have to enter your details like name, address, residential state, desired loan amount, etc. then click on the “submit” button after accepting the terms and conditions.