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Aadhar Housing Finance Home Loan Interest Rates 2021

Aadhar Housing Finance Housing Loan Interest Rate -Today

Last Updated 17th Jul 2020

Current Aadhar Housing Finance Home Loan interest rates Jul 2021 starts at 11.75% p.a. for a maximum tenure of 30 years. The processing fee on its housing loans is Minimum ₹ 3,500 .

Loan AmountHome Loan Rate
Upto ₹ 25 Lakh11.75%
₹ 25 Lakh - ₹ 50 Lakh11.75%
₹ 50 Lakh - ₹ 75 Lakh11.75%
Above ₹ 75 Lakh11.75%
Apply for Home Loan @ 6.65%* Get upto ₹ 1,000* Cashback

Current Aadhar Housing Finance Home Loan Rate

Today Aadhar Housing Finance home loan interest rates are in the range of 11.75% to 16.50%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 11.75%.

Below-mentioned are Aadhar Housing Finance home loan rates for multiple housing schemes.

Aadhar Housing Finance Home Loan Scheme Interest Rates
Home Loan11.75% - 16.50%

Aadhar Housing Finance Home Loan Interest Rates for Salaried and Self Employed

The home loan interest rates in Aadhar Housing Finance for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 25 Lakh 12.75%
₹ 25 Lakh - ₹ 50 Lakh 12.75%
₹ 50 Lakh - 75 Lakh 12.75%
Above ₹ 75 Lakh 12.75%

Aadhar Housing Finance Home Loan Processing Fee and Other Charges

Aadhar Housing Finance charges a minimum processing of ₹ 3,500 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees minimum processing fee of ₹ 3,500
Foreclosure Charges Nil for floating rate home loans

Aadhar Housing Finance Home Loan Balance Transfer Interest Rates

Aadhar Housing Finance home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Aadhar Housing Finance at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Aadhar Housing Finance offers the lowest home loan balance transfer rate of 11.75%.

Illustration on Home Loan Interest Rate Aadhar Housing Finance
Maximum Annual Percentage Rate (APR) 11.75% to 16.5%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 1 Years to 30 Years
  • Aadhar Housing Finance Home Loan Interest Rate: 11.75% to 16.50%
  • Processing Fee payable to: NIL
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 1,009 for 30 Years ₹ 1,00,000 loan at 11.75% (lowest rate, longest time period) to ₹ 9,097 for 1 Years ₹ 1,00,000 loan at 16.50% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 11.75% to 16.5%
  • Total cost payable over loan tenure: ₹ 1,06,478 for 1 Years loan to ₹ 3,63,388 for 30 Years loan

FAQs

What is Aadhar Housing Finance Home Loan Interest Rate?

Aadhar Housing Finance Home Loan interest rate ranges between 11.75% to 16.50%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

Has Aadhar Housing Finance reduced home loan rates?

As per the current rates, Aadhar Housing Finance has hiked its home loan rates by 0.75% from 11.00% to 11.75%. The new rates are effective from 01 Apr, 2021.

Why should I opt for balance transfer to Aadhar Housing Finance?

Aadhar Housing Finance offers lowest Home Loan EMI of ₹ 1,009 per lakh availed at the lowest interest rate 11.75% for a maximum tenure of 30 years. you are paying an EMI more than ₹ 1,009 per lakh, you should consider the option for a loan transfer to Aadhar Housing Finance from your existing bank.

  • Floating rate on Aadhar Housing Finance housing loan is linked to its PLR Rate, which is currently at 16.20%. When Bank offers a Home Loan at %, it applies a discount of 16.2% to its PLR Rate to arrive at this Home Loan rate.
  • When RBI increases rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

What is the current Aadhar Housing Finance Home Loan rate?

The current Aadhar Housing Finance Home Loan rate starts from 11.75% with a processing fee of Minimum ₹ 3,500.Aadhar Housing Finance housing loan rate varies across the applicant’s eligibility and the scheme they opt for. Aadhar Housing Finance offers different home loan rates for different home loan products.

Can Aadhar Housing Finance housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with Aadhar Housing Finance to lower the home loan rates.

What are the interest rates of home improvement loans in Aadhar Housing Finance?

You can avail of Aadhar Housing Finance home loans for home improvement at regular home loan rates starting at 6.65%.

Can Aadhar Housing Finance revise the home loan interest rates for their existing customers?

Aadhar Housing Finance home loan rates change for the existing customers if they have availed home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does Aadhar Housing Finance offer a concessional home loan interest rate for women?

Yes, Aadhar Housing Finance offers special home loan interest rates for women. As against Aadhar Housing Finance home loan rates for male which is 11.75%, the home loan interest rate for women starts at %.

What is the Aadhar Housing Finance home loan rate of ₹ 25 Lakh for 15 years?

Aadhar Housing Finance home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, Aadhar Housing Finance provides home loan interest rate starting at 6.65%.

At what interest rate does an Aadhar Housing Finance employee get a home loan?

Aadhar Housing Finance offers concessional home loan rates of about 1% than the current home loan rates to Aadhar Housing Finance employees.

Is Aadhar Housing Finance home loan a floating rate loan or fixed-rate loan?

Aadhar Housing Finance home loan is offered at both fixed and floating rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.


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