Aadhar Housing Finance Interest Rate

With the primary goal of enabling every person in India to own their dream home, Aadhar Bank offers easily affordable home loans through absolutely hassle-free processes. The application procedure is seamless, and you will also receive complete assistance in the process to ensure that your home loan amount is approved and disbursed. Aadhar Housing Finance's interest rate is competitive as well, starting at 9.50% per annum, and the other charges are also affordable easily. 

 

Aadhar Housing Finance EMI Calculator

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Aadhar Housing Finance Key Highlights

Amount of Loan Up to Rs. 1 crore
Rate of Interest 9.50% p.a. onwards
Processing Fees

Up to INR 5100 or 1.5% whichever is higher

Max Tenure for Loan Repayment Up to 30 years

Aadhar Housing Finance Interest Rates in 2024

Aadhar Bank offers home loans to customers at easily affordable and competitive interest rates. The bank strives to provide easy and comfortable housing finance options to every citizen in the country. The Aadhar Bank home loan interest rate in 2024 currently starts at 9.50% per annum. The table below highlights the interest rates for different categories of home loan applicants

Loan Category Rate of Interest on Home Loan
Salaried 11.75% - 16.50%  
Self-Employed 12.75% - 17% 
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Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants

Retail Prime Lending Rate: 17.40%

Loan Category Rate of Interest on Home Loan
All Loans 11.75% p.a. onwards 

Aadhar Housing Finance Balance Transfer and Top-Up Home Loan Interest Rates

Loan Slab Rate of Interest on Home Loan
All Loans 11.75% - 17% p.a. 

Interest rates were last updated on 6th May 2024

Aadhar Housing Finance Interest Rates for All Schemes in India

For the convenience of its customers, Aadhar Bank provides a variety of home loan plans that are both affordable and offer the maximum comfort to the loan applicant. These schemes are designed with the varied needs of the customers kept in mind and are also offered at competitive rates of interest. The table below lists the top schemes at Aadhar Bank and their corresponding rates of interest for your reference

Aadhar Housing Finance Schemes Rates of Interest
Home Loan for Salaried Employees
  • 11.75% - 16.50% p.a.
 
Home Loan for Self-Employed
  • 12.75% - 17% p.a.
 
Home Improvement Loan
  • 11.75% p.a. onwards
 
Home Extension Loan
  • 11.75% p.a. onwards
 
Home Construction Loan
  • 11.75% p.a. onwards
 

Aadhar Housing Finance Interest Rates for Balance Transfer, Top Up and Overdraft

Aadhar Bank offers its home loan applicants 3 kinds of facilities for their convenience. Each of these is detailed in the below sections

Aadhar Housing Finance Balance Transfer

This is one of the most comfortable options available at Aadhar Bank. Customers of other banks can choose to transfer their existing home loan balance amounts from their respective bank to Aadhar Bank and, in turn, enjoy lower rates of interest, lower EMI options, better customer service, and a host of other facilities. Aadhar Bank home loan balance transfer starts at an interest rate of 11.75% per annum. 

Aadhar Housing Finance Top-Up Feature

The top-up facility is offered to existing home loan customers at Aadhar Bank to cover additional expenses over and above the existing home loan amount. The amount can be topped up, and the interest rate ranges between 11.75% and 17% per annum.

Aadhar Housing Finance Overdraft Facility

As the name suggests, the overdraft feature enables Aadhar Bank customers to avail of some extra funds and manage their expenses better. Customers can deposit surplus funds into their overdraft account and withdraw from it as and when the need arises.

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Compare Aadhar Housing Finance Interest Rate with Top Banks

Before applying for a home loan at Aadhar Housing Finance, it is recommended that you compare the bank’s rate of interest on home loans with that offered by other leading banks and NBFCs in India. The table below provides a list of the home loan interest rates and processing fees offered by Aadhar and other top banks/NBFCs in the country

Bank/NBFC Rate of Interest on Home Loan Processing Fee
ICICI Bank 9.25% p.a. onwards 0.50% of loan amount + applicable taxes
HDFC Bank 8.50% p.a. onwards Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + applicable taxes
Axis Bank 8.70% p.a. onwards 1% of outstanding principal amount (minimum Rs. 10,000 + GST applicable)
Kotak Mahindra Bank 8.70% p.a. onwards 0.5% - 1.0% of loan amount + applicable taxes
IDFC Bank 8.75% p.a. onwards Up to 3% of the loan amount

Aadhar Housing Finance Balance Transfer Interest Rates

Aadhar Bank enables customers of other banks to lower the financial burden on their shoulders by transferring the outstanding dues on their home loan amounts at other banks to Aadhar Bank. This facility is offered at competitive (relatively lower) interest rates by Aadhar Housing Finance.  

Aadhar Bank Home Loan balance transfer rates of interest start at 11.75% per annum and may go up to 16.50% per annum for salaried loan applicants. For self-employed customers, the bank charges interest rates between 12.75% and 17% per annum. Given below is a simple process to apply for a home loan balance transfer at Aadhar Bank:

  1. Visit Repay Right on the BASIC Home Loan portal.
  2. You would be required to fill out a form on this page with details on the current outstanding loan amount, existing EMI payable, existing loan repayment tenure, the existing interest rate per annum, and the new interest rate per annum. 
  3. After entering the key details, hit Next to submit the form.
  4. You will be redirected to the next page, where you can view your total savings on your home loan when you transfer your outstanding balance to Aadhar Bank.
  5. For more help on this, you may also choose to connect with one of our team members at BASIC Home Loans for guidance on the process. 

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How to Calculate Aadhar Housing Finance Interest Rates?

The simplest way to calculate the interest rate payable on a home loan from Aadhar Bank is to use the online tool that is easily available on the BASIC Home Loan website - EMI. The EMI calculator allows you to determine the exact interest rate you would be required to pay to Aadhar Bank for 10, 20, or 30 years (depending on the loan tenure chosen) up to a total approved amount of Rs. 1 crore. The table below shares the complete details

Aadhar Home Loan EMI Calculation 2024

Loan Amount Rate of Interest EMI for 10-Year Loan Tenure EMI for 20-Year Loan Tenure EMI for 30-Year Loan Tenure
Rs. 10 lakh 11.75% p.a. Rs. 14,203 Rs. 10,837 Rs. 10,094
Rs. 20 lakh 11.75% p.a. Rs. 28,406 Rs. 21,674 Rs. 20,188
Rs. 30 lakh 11.75% p.a. Rs. 42,609 Rs. 32,511 Rs. 30,282
Rs. 40 lakh 11.75% p.a. Rs. 56,812 Rs. 43,348 Rs. 40,376
Rs. 50 lakh 11.75% p.a. Rs. 71,015 Rs. 54,185 Rs. 50,470
Rs. 60 lakh 11.75% p.a. Rs. 85,218 Rs. 65,022 Rs. 60,565
Rs. 70 lakh 11.75% p.a. Rs. 99,421 Rs. 75,859 Rs. 70,659
Rs. 80 lakh 11.75% p.a. Rs. 1,13,624 Rs. 86,697 Rs. 80,753
Rs. 90 lakh 11.75% p.a. Rs. 1,27,827 Rs. 97,534 Rs. 90,847
Rs. 1 crore 11.75% p.a. Rs. 1,42,029 Rs. 1,08,371 Rs. 1,00,941
Disclaimer:

The figures in the table above are based on an 11.75% p.a. interest rate offered by Aadhar Bank. They may vary, however, based on the different interest rates offered by other banks, your monthly income, and other factors.

FAQ's

Aadhar Housing Finance generally considers a CIBIL score of 750 very good for applying for a home loan.

Aadhar Housing Finance allows its home loan applicants to apply for home loans at both fixed and floating rates of interest.

Aadhar Housing Finance determines the final interest rate payable on its home loans based on the applicant's annual income level. The rate may vary depending on the borrower's loan repayment capacity.

This may depend on the sole discretion of the bank. However, Aadhar Housing provides the option of home loan balance transfer, enabling customers of other banks to transfer their outstanding home loan amounts to Aadhar at lower interest rates.

Home loan amounts at Aadhar Housing are granted to applicants for up to Rs. 1 crore. Additionally, the loan amount should not exceed 80% of the cost of the property. 

The easiest and safest way to compute your EMI amount for the home loan availed at Aadhar Housing is to use the online EMI calculator, a simple tool readily available at https://www.basichomeloan.com/emi. 

To know more about the home loan interest rates, processing fees, and any other charges on availing home loans with Aadhar Housing Finance, you may speak to one of the team representatives at BASIC or visit https://www.basichomeloan.com/.