Is Aspire home finance rate of interest suitable for the house purchase? Aspire Home Finance Limited (AHFL) is a housing company that offers home loans to the customers so that they can buy their own house or property. You can get home loans for any purpose like for home purchase, home construction, home renovation and extension. Aspire home finance rate of interest is attractive and both salaried and self-employed can apply for a home loan. If you meet the home loan eligibility then you can easily borrow a desired loan amount for your home finance, and can repay the loan amount in 20 to 25 years. Read this article to know about the Aspire home finance rate of interest and the types of loan schemes offered by the AHFL. Is Aspire home loan interest rate differ for salaried and self-employed applicant? The home loan interest rate of AHFL is based on Retail Prime Lending Rate (RPLR), it is the price on which the housing finance companies provide loans to the customers. Aspire Home Finance Limited RPLR is 18.20% and Aspire home finance rate of interest is starting from 12%. The interest rate for salaried and self-employed applicant is different as the RPLR minus spread for salaried is 6.20% to 3.20% whereas 5.705 to 3.20% for self-employed. The Aspire home finance rate of interest can be maximum up to 15.00% if you are less eligible for the loan amount. You can also use the home loan calculator to estimate approx. EMI and total payable interest rate for your home loan. What is the loan eligibility criteria for AHFL home loan? When you are applying for a home loan from AHFL then you should make sure that you are eligible for the home loan. To avail home loan from AHFL your minimum age must be 21 years during the loan sanction, and 60 to 70 years during the loan maturity period. Individuals whether salaried, self-employed or non-professionals with a regular flow of income can borrow a loan amount of INR 2 lakh to 25 lakh from AHFL. You can get a negotiable Aspire home finance rate of interest if you have a healthy CIBIL Score and good repayment track record. Types of AHFL home loan schemes and their features You can choose a suitable home loan scheme from AHFL according to your requirement as it provides loan for house construction, purchase, renovation, extension, etc. AHFL finance 85% of the construction cost of your house construction, renovation and extension. You can also take home loan under Pradhan Mantri Awas Yojana (PMAY) for better Aspire home finance rate of interest on your loan amount, and subsidy benefit. So you can apply for the AHFL home loans for the purchase of your new house or property as its interest rates are affordable, and you just need to pay a one-time processing fee for your
home loan which is 3% of your loan amount. You can also reduce your EMIs or loan tenure by prepaying the home loan at zero prepayment and foreclosure charges. Now finance easily without any trouble with Aspire Home Finance Limited home loans.