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Aditya Birla Housing Finance Limited

ABC Solutions

Plot and Home Construction Loan

Let’s build your dream home, from foundation to finish.

Apply Now

Home Loan EMI Calculator

ROI ranges from 8.6 to 20

Your EMI is

  • ₹
  • /Month

Check out the loan amount you are eligible for

Calculate Eligibility

About Plot and Home Construction Loan

A plot plus home construction loan is primarily meant for those who want to purchase a plot and build a house on that piece of land within the next few years. This kind of loan is disbursed in various installments.​​

Features & Benefits

  • Attractive interest rates

  • Quick & transparent processing

  • Loan tenure up to 20 years*

  • Nil prepayment charges for floating rate home loans given to individuals

  • Attractive balance transfer option available

  • ​​Door step services

  • Tax Benefits under Section 24(b) & Section 80 (CCE)

  • Attractive interest rates

  • Quick & transparent processing

  • Loan tenure up to 20 years*

  • Nil prepayment charges for floating rate home loans given to individuals

  • Attractive balance transfer option available

  • ​​Door step services

  • Tax Benefits under Section 24(b) & Section 80 (CCE)

* Disclaimer - All loans will be at the sole discretion of ABHFL

Home Improvement Loan Eligibility

Minimum age of applicant

21 yrs

Maximum age of applicant at loan maturity

Salaried - 60 years, Self employed - 70 years

  • Upto 30 Lakhs

    90%

  • Above 30 lakhs & upto 75 lakhs

    80%

  • More than 75 Lakhs

    75%

Plot and Home Construction Loan Fees and Other Charges

Transactions & Charges

  • Home Loans : Up-to 1% of the loan amount
  • Other Loans : Up-to 2% of the loan amount

1. Floating rate term loans sanctioned to individual borrowers, with or without co-borrowers(s):

  • Other than business purpose – NIL

  • Business Purpose – 4 % of principal outstanding.

2. Floating rate term loan sanctioned to non-individual borrowers: 4% of principal outstanding paid.

3. Fixed interest rate housing loan given to individual:

  • Closure from own sources – NIL

  • Closure from other sources – 2% of principal outstanding

4. Fixed interest rate non-housing loans (LAP/LRD/CP/GPL/Top-up) given to Individual/Non-Individual borrowers (closed from own/other source): 4% of principal outstanding paid

Explanation:

In case of Semi-Fixed Loans (fixed for initial period and then floating), the Foreclosure/ Part payment norms will be applicable as per the status (fixed/floating) of the loans as on that particular day.

“Own sources” means any source other than by borrowing from a bank/ HFC/ NBFC and/or a financial institution.

“Fixed rate loan” means a loan where the Rate of Interest is fixed either for a particular period or for entire duration of the loan.

“Business purpose loan” shall mean:

  • Loan against any property/ Top up loans availed for Business use such as working capital, business debt consolidation, repayment of business loans, expansion of business, acquisition of business asset.

  • Loan for purchase/ renovation/ construction/ extension of Non-residential property.

  • Lease Rental Discounting.

Penal Charges:
Late Payment Penalty 12% p.a. above current applicable interest rate
(aggregate not exceeding 24% p.a. plus GST as per applicable laws)
Non- submission of Critical Post Disbursement Documents like Title document / Security perfection documents / Mortgage Deed / charge creation with MCA (wherever applicable) or non-adherence to any terms and conditions, representations and covenants as defined in the loan agreement / sanction letter within the targeted date of submission. Rs. 3000/- per month
Cheque bouncing charges/NACH failure charges/Bounce charges Rs 750/- per instance
Non-submission of revised NACH / ECS Debit Mandate registration wherever existing mandate is invalid / inactive / bank account closed or frozen / other technical issue for a period of 30 days Rs. 1000/- per month in case of secured loans
Rs 750/- per instance per loan account
As applicable based on actual delayed status or as communicated by the lender from time to time
CERSAI charges (You may visit the website of CERSAI for all such charges at www.cersai.org.in)
When facility amount is equal to ₹.5 lacs or lesser – ₹.50 per property

When facility amount is greater than ₹5 lacs – ₹100 per property
₹1,000/- per instance
₹750/- per instance
₹200/- per instance
₹750/- per instance
₹50/- per instance for Consumer and ₹500/- for Commercial CIBIL
0.5% of principal outstanding plus applicable GST
Rs 1000/- plus GST per loan account on every rate revision
Rs 500/- per instance
2% of principal outstanding plus applicable GST
As per actual, where applicable
Fees and Other charges (applicable GST @ 18% will be levied on these charges)
Disclaimer:Above charges constitute the rack rate for all customers. Actual charges for any customer, if different, will be as communicated at the time of loan sanction and disbursal and would be subject to changes from time to time.​​

Documentation

  • 1. Proof of Identity and Address
    Salaried / Self Employed / Professional / Partnership / Company
    Click here to view the list of documents required.

     

    2. Proof of Income
    Salaried
    Latest 3 months salary slip showing all deductions & Form 16
    Self Employed or Professional
    IT Returns or financial documents for last 2 years and computation of income certified by a CA for last 2 years
    3. Bank statement where salary or income is credited
    Salaried
    Latest 6 months
    Self Employed or Professional
    Latest 6 months
    4. Proof of Other Income
    Salaried / Self Employed / Professional / Partnership / Company
    Rental receipts or documents showing receipt of income
    5. Property Documents
    Salaried / Self Employed / Professional / Partnership / Company
    Copy of Title documents and approved sanction plan ​​​​​

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