Aditya Birla Home Loan Interest Rate

With over 121 branches across the country, Aditya Birla Housing Finance Limited, or ABHFL, has emerged as a fast-growing non-banking financial company or NBFC. Aditya Birla home loan interest rate starts at 8.85% per annum. ABHFL charges up to 1% of the loan amount plus GST as the processing fee for each home loan application. The maximum loan amount offered by Aditya Birla Housing Finance is up to 90% of the property value for a maximum tenure of up to 30 years. Aditya Birla home loan rate is cheaper for floater rate basis as compared to fixed rate basis. 

 

Aditya Birla Housing EMI Calculator

Avoid confusion get it right with BASIC

1 Lac10 cr
0%20%
130

Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest

Appy for Aditya Birla Housing loans at low interest rate
Apply Now

Aditya Birla Home Loan Key Highlights

Amount of Loan Up to 90% of the property value
Rate of Interest 8.85% p.a. onwards
Processing Fees

Up to 1% of the loan amount +GST

Max Tenure for Loan Repayment 30 years

Aditya Birla Home Loan Interest Rates in 2024

The lowest Aditya Birla home loan interest rate starts at 8.85% per annum, and the highest home loan interest rate is 14.75% p.a. The tables given below highlight the Aditya Birla home loan interest rate 2023 for different categories of loan applicants.

Loan Category Rate of Interest on Home Loan
Salaried 8.85% - 14.00% p.a. 
Self-Employed 9.10% - 14.75% p.a. 
Appy for Aditya Birla Housing loans at low interest rate
Apply Now

Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants

ABHFL Reference Rate (ARR) ranges between 13.30% - 18.90%

Loan Category Rate of Interest on Home Loan (p.a.)
All Loan 8.85% - 14.75% p.a. 

Aditya Birla Plot and Construction Home Loan Interest Rates

Loan Category Rate of Interest on Home Loan (p.a.)
All Loan 8.85% - 14.75% p.a. 

Top-Up Loans Interest Rates

Loan Category Rate of Interest on Home Loan (p.a.)
Top-Up for Existing Bank Customers 8.85% p.a. onwards  

Interest rates were last updated on 27th November 2023

Aditya Birla Home Loan Interest Rates for All Schemes in India

Aditya Birla Housing Finance Ltd. offers a plethora of home loan schemes to eligible applicants. They can apply for affordable home loans to buy a home or plot, construct a house, renovate or extend a home, and even for a balance transfer. The table below will give you a clear idea of the home plan schemes offered by the bank and the standard rate of interest offered on each.

Aditya Birla Home Loan Schemes Rates of Interest for Each Plan
Aditya Birla Home Loan
  • 8.85% - 14.75% p.a.
 
Aditya Birla Home Extension Loan
  • 8.85% - 14.75% p.a.
 
Aditya Birla Home Improvement Loan
  • 8.85% - 14.75% p.a.
 
Aditya Birla Plot and Construction Loan

8.85% - 14.75% p.a.

 
Aditya Birla Plot and Construction Loan

8.85% - 14.75% p.a.

 
Aditya Birla Home Construction Loan
  • 8.85% - 14.75% p.a.
 

Aditya Birla Home Loan Interest Rates for Balance Transfer, Top Up and Overdraft

Aditya Birla  offers three types of home loan facilities to its customers who already have a home loan  with the bank, and these are listed below:

Aditya Birla Home Loan Balance Transfer

ABHFL doesn't want existing home loan borrowers to repent getting a home loan at a higher rate of interest from other banks or NBFCs, so it allows them to easily transfer their existing home loan to Aditya Birla at a lower interest rate through its Balance Transfer Home Loan Scheme. The Aditya Birla balance transfer home loan interest rate starts at 8.85% per annum. 

Aditya Birla Home Loan Top-Up

Get extra flexibility and financial help with Aditya Birla Top-Up Home Loans. It is a convenient home loan scheme that allows existing home loan customers to avail additional funds through top-up home loan schemes. The Aditya Birla home loan top-up interest rate starts at 8.85% per annum.

Aditya Birla Home Loan Overdraft Option

The Aditya Birla home loan overdraft facility on home loans is an interesting way through which the bank allows its customers to avail additional funds as per their requirements. The main benefit of the ABHFL OD facility is that it saves them from reapplying for a new loan amount. The Aditya Birla home loan overdraft interest rate starts at 8.85% per annum.

Appy for Aditya Birla Housing loans at low interest rate
Apply Now

Recent Post

post1
post1
post1
post1
post1
reach

Get a Free Consultation from BASIC Home Loan

reach

Tell us about your requirements

Compare Aditya Birla Home Loan Interest Rate with Top Banks

A little comparison of Aditya Birla home loan interest rate with other competitor banks and NBFCs will make you more confident about your decision. So, here is a table that highlights the interest rates and processing fees of other established financial organizations in India providing home loans:

Bank/NBFC Rate of Interest on Home Loan Processing Fee
Bank of India Home Loan 8.30% p.a. onwards Nil (until 31 Dec 2023)
HDFC Home Loan 8.50% p.a. onwards Up to 0.50% of the loan amount / Rs. 3,000 (whichever is higher) + applicable taxes
Kotak Mahindra Bank 8.70% p.a. onwards Up to 1% of loan + tax
Axis Bank Starts at 8.75% p.a. Up to 1% of loan + GST (min. Rs. 10,000)
ICICI Bank Starts at 9.00% p.a. 0.50% of loan amount + tax

Aditya Birla Home Loan Balance Transfer Interest Rates

Aditya Birla knows the secret of shedding extra financial burden from its customers. For this, ABHFL allows them to transfer their outstanding balance on loan repayment from some other bank to Aditya Birla’s lower rate of interest home loan schemes. 

Aditya Birla home loan balance transfer interest rates range between 8.85% and 14.75% per annum. Both salaried and self-employed can avail of this flexible facility from ABHFL. Shared below is the easiest way to apply for an Aditya Birla  balance transfer home loan:

  1. Go to the Repay Right section on the BASIC Home Loan website - Repay Right
  2. Enter the required information in the provided form and fill in the key details on the current outstanding loan amount, existing rate of interest per annum, new rate of interest per annum, existing loan repayment tenure, and existing EMI paid on the loan amount. 
  3. Click on Next once you have entered the required details on the form.
  4. You can see your total savings with the Aditya Birla  Home Loan Balance Transfer option on the next page.
  5. Alternatively, you can get in touch with one of the team representatives of BASIC Home Loan, who can help maximize your savings with Aditya Birla  Balance Transfer on home loans. 

reach reach reach reach
reach

Get Home Loan Starting at 8.5% Interest Rate from BASIC Home Loan

How to Calculate Aditya Birla Home Loan Interest Rates?

The best way of determining the interest rate payable on an Aditya Birla home loan plan is by using the online home loan interest rate calculator available at EMI. Use this easy-to-use online EMI calculator to plan your monthly finances better without any confusion. The table below provides a detailed estimate of the EMI payable and the interest rate on Aditya Birla  home loans:

Aditya Birla Home Loan EMI Calculator 2023

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 8.85% p.a. Rs. 12,587 Rs. 8,901 Rs. 7,939
Rs. 20 lakh 8.85% p.a. Rs. 25,173 Rs. 17,802 Rs. 15,877
Rs. 30 lakh 8.85% p.a. Rs. 37,760 Rs. 26,703 Rs. 37,760
Rs. 40 lakh 8.85% p.a. Rs. 50,346 Rs. 35,604 Rs. 3,754
Rs. 50 lakh 8.85% p.a. Rs. 62,933 Rs. 44,505 Rs. 39,693
Rs. 60 lakh 8.85% p.a. Rs. 75,519 Rs. 53,406 Rs. 47,631
Rs. 70 lakh 8.85% p.a. Rs. 88,106 Rs. 62,307 Rs. 55,570
Rs. 80 lakh 8.85% p.a. Rs. 1,00,692 Rs. 71,208 Rs. 63,508
Rs. 90 lakh 8.85% p.a. Rs. 1,13,279 Rs. 80,109 Rs. 71,447
Rs. 1 crore 8.85% p.a. Rs. 1,25,865 Rs. 89,010 Rs. 79,385
Disclaimer:

The figures in the table above are based on an 8.85% p.a. interest rate offered by Aditya Birla. They may vary, however, based on the different interest rates offered by other banks, your monthly income, and other factors.

FAQ's

Aditya Birla home loan interest rate 2023 starts at 8.85% per annum. However, this is subject to change at the discretion of the NBFC, so you are advised to verify the same from the official sources. 

Aditya Birla Housing Finance Ltd. offers home loans on a fixed and floating rate basis. However, you are advised to opt for a floater rate basis, which comes with a more affordable interest rate. 

The lock period for an Aditya Birla home loan is 24 months from the final disbursement date. 

Aditya Birla Housing Finance Ltd. offers up to 90% of the property cost as the maximum loan amount to eligible borrowers. 

To apply for an Aditya Birla home loan, an applicant must have a good CIBIL score of 650 - 750. 

Aditya Birla Housing Finance Ltd. takes into account some common factors for home loan eligibility, such as age, nationality, employment status, minimum income, and CIBIL score. 

Aditya Birla home loan borrowers can repay their loan amount through the National Automated Clearing House (NACH).

There is no minimum limit to apply for an Aditya Birla home loan. Remember that the minimum amount is subject to change based on the guidelines followed by ABHFL.