On what criteria your Aadhar housing interest rate is determined? You can buy your desired property (Land) or a house using the home loan services of Aadhar Housing Finance Limited. It is a well-known housing finance firm that provides home loans to the customers at an affordable rate of interest. You can borrow a loan amount up to INR 1 crore and above, but it finances only 80% of your property. The Aadhar home loan interest rate ranges from 11.00% to 14.50% per annum. You can use the EMI calculator to estimate the total payable Aadhar housing interest rate and your loan EMIs. To know more about the Aadhar home loan and the interest rate read the given article. What are the features of Aadhar home loans? Aadhar Housing Finance Limited offers home loans to both self-employed and salaried individuals. You just need to fit in the loan eligibility criteria to apply for a home loan. The basic criteria for the home loan is, your minimum age should be 21 years during the loan sanction and you can also make use of the Aadhar home loan eligibility calculator to know how much you can borrow. Your maximum age during the loan maturity period must be 60 years if you are a salaried individual otherwise, the maximum age is 65 years for self-employed applicants. You can repay the loan amount easily in equated monthly installments through ECS, NACH or post-dated cheques. You can choose a flexible Aadhar home loan interest rate for easy prepayment of your loan amount. It also charges a processing fee from the customer for the which is non-refundable and 1.5% of your loan amount. Factors by which your Aadhar housing interest rate are determined The housing finance firm Aadhar decides your home loan interest rate on the following factors: Credit Score: A healthy credit score can help you get a suitable interest rate on your home loan. Because, Aadhar use your credit score to know how reliable you are in paying your loan EMIs. The credit score is calculated on the information of your credit history that includes your loan, credit card, and payment history. Location of the Property: Your Aadhar home loan interest rate also depends on the state you are living. Because if you are buying a property in a good locality then your property value increases and provide you the benefit of lower interest rate on your home loan. Down payment of the property: If you have already paid the down payment of your house or land then you have higher chances of getting a lower Aadhar housing interest rate, due to
low-risk. The larger the down payment the lower the risk and the financial institution also consider approving your home loan application. Submit the required documents get Aadhar home loan To get a home loan from Aadhar Finance housing Limited you need to submit the income documents such as the current 3-month salary slip if you are salaried otherwise, income tax return (ITR) report of the last financial year. Other important documents are also needed for the home loan such as address proof and KYC details of the applicant. You can apply for the Aadhar home loan by visiting the official website or can find your nearest branch using the branch locator.