ART Housing Finance Home Loans

Registered with the National Housing Bank or NHB, ART Housing Finance India Limited is an emerging NBFC in India helping thousands of people buy their dream homes. The interest rate for an ART home loan varies as per the profile of the borrower, who can be a salaried or a self-employed person from a formal or informal income segment. ART Housing Finance promotes a technology-enabled paperless application procedure for home loans, and the entire procedure is 100% transparent. ART Housing Finance Ltd. offers a wide range of housing loan schemes such as home purchase, home extension, home construction, home improvement, refinance, balance transfer and top-up loans. Borrowers can get an ART home loan with a maximum loan repayment tenure of up to 30 years for a minimum loan amount starting at Rs. 3 lakhs up to Rs. 50 lakhs. 

ART Housing Finance Home Loan EMI Calculator

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1 Lac10 cr
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Break up of Total Payment

Your monthly EMI is

Total Amount Payable

  • Principal Amount

  • Total Interest

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ART Housing Finance Ltd Key Highlights

Get the lowest interest rates with ART Housing Finance

Loan Amount Up to 50 lakhs
Rate of Interest Varies as per the profile of the borrower
RPLR 19.25%
Processing Fee

Varies as per the policy

Maximum Tenure for Repayment 30 years
Penal Rate of Interest
Rate Packages Floater/ Fixed
Charges for Prepayment/Foreclosure N/A

ART Housing Finance Interest Rates in 2024

ART Housing Finance Ltd. takes pride in offering easy and affordable home loans to borrowers across the country. These quick and tailor-made housing loan schemes are offered at an interest rate that varies as per the borrower's profile, for which you are advised to contact the officials of the NBFC.

Loan Slab Interest Rate for Home Loan
Floater/ Fixed Plans As per the borrower’s profile 
Floater/ Fixed Plans As per the borrower’s profile 
Floater/ Fixed Plans As per the borrower’s profile 
Floater/ Fixed Plans As per the borrower’s profile 

Interest rates were last updated on 18th October 2023

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ART Home Loan Eligibility Criteria

ART Housing Finance Ltd. offers quick and hassle-free home loans to both formal and informal income segments based on some eligibility criteria. These are general parameters such as age, nationality, repaying capacity, employment status, etc. 

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 23 - 65 23 - 65
Nationality Indian Resident Indian Resident
Minimum Income Earned Can be as low as Rs. 5000 per month Can be as low as Rs. 5000 per month

ART Housing Loan Processing Fee and Charges

ART Housing  Finance Ltd. facilitates easy home loan processing for aspiring homeowners at a nominal processing fee that varies as per the policy. Besides, the NBFC also levies some other fees for various procedures to get a home loan scheme.

Processing Fee

Varies as per the policy

Cheque Bounce Charges

Rs. 500 + taxes
Cheque Swap Charges

Rs. 250 + taxes

Duplicate Statement/ Certificate

Rs. 250 + taxes

Legal Charges

Rs. 2,500 + taxes prior to disbursement (Not applicable on top-ups and approved projects)

Pay Order/ Demand Draft Charges

Rs. 150 per lakh/ actual bank charges (whichever is higher)

CERSAI Charges
  • Loans Up to Rs. 5 lakh: Rs. 50 + taxes
  • Loans > Rs. 5 lakh: Rs. 100 + taxes
Prepayment Charges

Nil

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ART Home Finance Schemes and Top Plans

ART Housing Finance offers a plethora of home loan schemes to salaried and self-employed borrowers who dream of owning a home. Here is a list of popular housing loan schemes offered by ART:

1. Home Purchase Loans

  • Ideal housing loan scheme to purchase a ready-to-move-in or under-construction residential property
  • Attractive interest rates
  • Maximum loan repayment tenure of up to 30 years

2. Home Construction Loans

  • Best home loan scheme for the construction of a residential property
  • Minimum loan amount starting Rs. 3 lakhs up to Rs. 50 lakhs
  • Maximum loan repayment tenure of up to 30 years

3. Home Extension Loans

  • Suitable housing loan for those intending to extend an existing home by adding a floor, room, or balcony
  • Flexible repayment options
  • Attractive interest rates

4. Home Improvement Loans

  • Best home loan scheme for renovating an existing home internally or externally by painting, flooring, electrical work, plumbing, etc.
  • Maximum loan repayment tenure of up to 30 years
  • Maximum loan amount up

5. Refinance Home Loans

  • Offers flexible reimbursement of expenditure done on purchasing, extending or constructing a home
  • Flexible repayment methods

6. Balance Transfer Home Loans

  • Quick transfer of an existing home loan to ART Housing Finance Ltd. 
  • Lower interest rates

7. Balance Transfer + Top-Up Loans

  • Easy transfer of an existing home loan to ART Housing Finance Ltd. 
  • Flexible top-ups available

Note: All of the above home loan plans are made available to applicants solely at the discretion of ART Housing Finance, taking into consideration the earning and repayment capacity of the applicant.

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Documents Required For ART Home Loan

It is quite easy to apply for an ART Home Loan, and one crucial step in this procedure is to submit some KYC documents. Listed below are the ART Housing Finance required documents for salaried and self-employed applicants:

Documents Required for Salaried Applicants

Proof of Income
  • Appointment Letter
  • Salary slips for the last 3 months
  • Certified Letter from the employer
  • Latest  ITR/ Form 16
Other Required Documents
  • Duly filled and signed application form with a passport-size photograph
  • A processing fee cheque in favor of ART Housing Finance Ltd. 
  • Bank Statements for the last 6 months

Documents Required for Self-Employed Applicants

Proof of Income
  • Business License
  • Business Address Proof
  • GST Registration Certificate
  • Service Tax Registration Certificate 
  • VAT Registration Certificate
  • ITR for the last 2 years
  • PartnershipPartnership Deed, if the business is in partnership
  • Certificate of Practice (Doctors, Lawyers, etc.)
  • Photocopy of Registration of Shop or Business Establishment under Shops and Establishment Act
Other Required Documents
  • Duly filled and signed application form with a passport-size photograph
  • A processing fee cheque in favor of ART Housing Finance Ltd. 
  • Bank Statements for the last 6 months 

Common Documents Required from Both Salaried and Self-Employed Applicants

Type of Document Documents Required
Identity & Address Proof

Voter ID, Driving License, Aadhaar Card, Copy of Passport, PAN Card

Documents Related to Property
  • Sale Deed, Allotment Letter
  • Certificate of Occupancy
  • Payment receipts for payments made to the builder
  • Permission to construct
  • Copy of approved plan
  • Registered Development Agreement of the builder
  • NOC (No Object Certificate from the builder or the housing society)
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How to Apply for an ART Finance Home Loan?

The procedure for an ART home loan apply online is pretty simple and is open for both salaried and self-employed applicants, who meet the eligibility criteria laid down by the NBFC.

  • Proceed to the APPLY NOW section on the website - BASIC Home Loan 
  • Fill in the form by entering your Name and contact details and submit the form
  • The team from BASIC Home Loan will reach out to you to initiate a hassle-free Home Loan application process

Find ART Housing Finance Offices Near You

If you are planning to visit one of the offices of ART Finance Home Loan near you to understand the ART Finance Home Loan Offer in detail and apply for the Home Loan, you can simply fill in the Free Consultation form, and the team of BASIC Home Loan will reach out to you for needful assistance in the process.

Disclaimer:

Interest rates and fees on home loans vary based on eligibility and lender criteria. All applicable fees and charges are subject to relevant taxes and can change at the lender’s discretion. For the most current information on home loan interest rates, processing fees, other applicable charges, and updates on eligibility criteria and loan offers, please visit the official website of the bank.

FAQs

The ART Home Loan interest rate varies as per the borrower’s profile, so you are advised to contact the NBFC officials to learn about the same. 

Visit the nearest branch of ART Housing Finance or apply online by visiting its official website. Alternatively, you may contact the BASICHomeloan team to assist you in applying for an ART home loan.

ART Housing Finance Ltd. offers a variety of home loan schemes to borrowers, such as

  • Home Purchase Loans
  • Home Construction Loans
  • Home Extension Loans
  • Home Improvement Loans
  • Home Refinance Loans
  • Balance Transfer Loans
  • Balance Transfer + Top-Up Loans

The maximum home loan amount offered by ART Housing Finance Ltd. is up to Rs. 50 lakhs. 

ART home loan processing fee varies as per the policy bought by the borrower, so you may contact the NBFC to learn more about the same. 

Yes, a borrower can fetch tax benefits on the interest paid for ART home loans under Section 24 (B) of the Income Tax Act. 

ART Housing Finance Ltd. doesn’t charge any foreclosure or prepayment fee for home loans, wherever applicable. 

Yes, you can easily transfer your existing home loan to ART Housing Finance through the Balance Transfer Home Loan scheme.