Aditya Birla Housing Finance Mortgage Loan Interest rates in Agra
| others | salaried | self employed | |
|---|---|---|---|
| Commercial Properties | 11.50% | 11.50% | 11.50% |
| Industrial Properties | 11.50% | 11.50% | 11.50% |
| Residential Properties | 11.50% | 11.50% | 11.50% |
Loan To Value (LTV) For Aditya Birla Housing Finance Mortgage Loan in Agra
| others | salaried | self employed | |
|---|---|---|---|
| Commercial Properties | 55.00% | 55.00% | 55.00% |
| Industrial Properties | 50.00% | 50.00% | 50.00% |
| Residential Properties | 60.00% | 65.00% | 60.00% |
Features of Aditya Birla Housing Finance Mortgage Loan Agra
| Type | Features |
|---|---|
| Processing Fee | 2.0% |
| Pre Closure Charges | 4.0% |
| Part Payment Charges | Allowed |
| Min Tenure | 5 Years |
| Max Tenure | 15 Years |
| Min Age | 21 Years |
| Max Age | 60 Years |
| Min Loan Amount | Rs.15,00,000/- |
| Max Loan Amount | Rs.30,00,00,000/- |
Aditya Birla Housing Finance Mortgage Loan Agra Charges
| Type | Charges |
|---|---|
| Penal Interest | 24% Per Annum |
| Duplicate Statement Charges | Rs.200/- |
| Bounce Cheque Charges | Rs.750/- |
| Switch Variable To Fixed | 2% of the loan outstanding |
| Switch Fixed To Variable | 2% of the loan outstanding |
| Photocopy Documents | Rs.200/- per instance |
| C I B I L Report Issuance Charges | Rs.50/- per instance for Consumer and Rs.500/- for Commercial CIBIL |
| Charge For Exchanging E C S Mandate | Rs.750/- per instance |
| Loan Re Schedulement Charges | 0.50% of the loan outstanding |
| N O C Issuance Charges | Rs.500/- |
| C E R S A I Charges | "Rs 250/- For Loans up to 5 Lakhs, Rs 500/- For Loans above 5 Lakhs " |
Documentation For Mortgage Loan
For Salaried Persons
- Filled Application form
- Identity Proof (PAN CARD)
- Address Proof
- Latest 3 months Payslips
- Job Continuity Proof
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
For Self Employed/Professionals
- Filled Application form
- Identity Proof
- Address Proof
- Last 2 years Income Tax Returns
- Professional/Self employed existence proof for more than 3 years
- 2 Passport Size colour Photographs
- Co-Applicant identity proof, Address Proof
- Co-Applicant relationship Proof and Photograph
- 6 months Bank Statements
- 3 Post Dated Cheques/ECS Mandate
- Property Related documents
Identity Proof For Mortgage Loan
- Passport
- Driving License
- PAN card
- Photo credit card (with embossed Signature and last two months statement)
- Banker's sign verification
Age Proof For Mortgage Loan
- PAN Card
- Passport
- License
- School leaving certificate
- Voter card
- Birth Certificate
- LIC policy (only for age Proof)
Address Proof For Mortgage Loan
- Passport
- Telephone bill (BSNL/MTNL)
- Electricity bill
- Title deed of property
- Rental agreement
- Driving license
- Election ID card
- Photo-credit card (with last two month statements)
Income Proof For Mortgage Loan
- Latest salary slip
- Current dated salary Certificate with latest form 16.
- Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
Job Continuity Proof
- Form 16
- Relieving letter
- Appointment Letter (for last two months)
- Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
Aditya Birla Housing Finance Mortgage Loan FAQ's
About Aditya Birla Housing Finance
Aditya Birla Housing Finance Highlights
About Other Banks
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Things Keep In Mind While Avail a Mortgage Loan
A mortgage is actually made up of several parts – the collateral you used to secure the loan, your principal and interest payments and insurance.
Since most mortgages last 10 to 15 years of monthly payments, you should understand the how exactly it will works for you.
Type of Collateral You Are Offering
Principal And Interest
The principal is simply the sum of money you borrowed on mortgage.
Interest is what the lender charges you to use the money you borrowed, usually expressed as a percentage called the interest rate.
Principal and interest comprise your monthly payments in a process called amortization, which reduces your debt over a fixed period of time. With amortization, your monthly payments largely go toward paying off the interest in the early years, and gradually reduce the principal later on.
Factors That Affect your Loan Interest Rates
Expert Advice
Best Practices for Mortgage Loan
Things not to do for Mortgage Loan
Mortgage Loans Vs Lease Rental Discounting
| Lease Rental Discounting | Mortgage Loan |
|---|---|
| Lease Rental Discounting (LRD) will be based on the actual rental you are receiving on the property. | Mortgage loans will be provided based on already owned property. |
| There is no restriction on LRD loan usage. It can be used for any purpose. | There is no restriction on mortgage loan usage. It can be used for any purpose. |
| Lease Rental Discounting (LRD) will be provided for max of 10 years, However it depends on the rental agreement Tenure. | Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India. |
| Interest rate will be very from 11.00% to max of 15.00% based on the bank to bank. Generally Lease Rental Discounting (LRD) will be fixed interest loans. | Interest rate will be very from 10.5 % to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans. |
| The money received from the LRD will be used for any purpose. There is no end use restriction on the amount. | If the money received from a mortgage loan is used for business purposes, the interest can be claimed as an expense on the balance sheet of the business. |
| Loan can be availed up to max of Rs. 20.0 Cr under Lease Rental Discounting (LRD). | Mortgage Loans can be avail up to Rs. 30.0 Cr based on the type of property and its usage and value of property and eligibility of applicants as per banks norms. |
| There will be pre payment changes will be applicable for Lease Rental Discounting (LRD). This will be vary from 1% to 4% as per bank internal guidelines. | There will be pre payment changes will be applicable for mortgage loans. This will be vary from 1% to 3% as per bank internal guidelines. |
| Part/Pre Payments will be allowed based on the internal policies of the banks for Lease Rental Discounting (LRD). | Part/Prepayment will be allowed as per bank internal policies for Mortgage loans. |
| Lease Rental Discounting (LRD) eligibility depends on the type of tenant and credibility of tenant. | Mortgage loans also avail with the joint eligibility as company and director or blood relatives. |
| Banks can consider 90% of the Lease Rental value as repayment for loan under the Lease Rental Discounting (LRD) . | In Mortgage Loan max of 65% property value can avail as a Loan based on the type of property. |
| You can avail a top loan facility on your Lease Rental Discounting (LRD). | Top up facility will be varying from bank to bank internal guidelines. |
About Agra
Agra is a city on the banks of the river Yamuna in the northern state of Uttar Pradesh, India.The Hindu epic Mahabharata refers to it as ‘Agraban’, part of Brij Bhoomi, the homeland of Lord Krishna. , Agra is best known for the Taj Mahal, one of the Seven Wonders of the modern World.
Emperor Shah Jahan built this exquisite white marble mausoleum for his favourite queen Mumtaz Mahal.The monument was commissioned in 1631 and took 22 years, and 20,000 artisans to complete. An entire township now known as Taj Ganj came up around the site. Here, craftsmen live and sell their wares of marble and stone inlay and replicas of the Taj. After the reign of the last great Mughal, Aurangzeb, Agra fell into the hands of the Jats and then the Marathas. In 1803, the British under General Lake captured the city. Once again, it secured its position of eminence as the capital of the north-western provinces.
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Places To Be Visited In Agra
Chini Ka Roza
The tomb of Afzal Khan, the persian poet and minister at Shah Jehan's court gets its name from the brightly coloured glazed tiles that decorate it . Lies just 1km beyond itmad -ud -daula.
Sikandara
A suburb of Agra, only 13 km. From the Agra Fort. The last resting place of the Mughal Emperor Akbar. Akbar was the greatest of the Mughal emperors and one of the most secular minded royalties of his time. He was the heir to a long tradition of oriental refinement, a great patron of the arts, literature, philosophy and science. A visit to Akbar's monument opens before one, the completeness of Akbar's personality as completely as the Taj Mahal does of Mumtaz Mahal's.
Taj Mahal
Agra is famous as being home to one of the seven wonders of the world-the Taj Mahal. The architectural splendour of the mausoleums, the fort and the palaces is a vivid remainder of the mausoleums, the fort and the palaces is a vivid reminder of the capital in the 16th and early 17th centuries.
Agra Fort
Built by the great Emperor Akbar in 1565 A.D. the fort is a masterpiece of design and construction. Within the fort are a number of exquisite building, including the Moti Masjid, Diwane-I-Aam, Diwani-I-Khas and musanman Burj, where the Emperor Shah Jahan died in imprisonment beside Jahangirs place, Khaas Mahal and the Sheesh Mahal.
Itmad - Ud Daula
To the north of the fort and across the river Yamuna are several fine examples of Mughal architecture. The Itmad -Ud -Daula as a by the Empress Noor Jehan as a memorial to her father Mirza Ghiyas Beg , is beautifully ornamented with pietra dura inlay and lattice work marble screens.
Fatehpur Sikri
Imposing gateways and light- hearted palaces were built in red sandstone within this fortified city only to be abandoned a few years later. Among its many architectural game are the places for his queens - Jodha Bai, Mariyam and his Turkish sultana, built in varying styles, each perfect in itself.The Diwan-e-Khas entirely unique in its concept is a tall vaulted room with an intricately carved central pillar and capital supporting a platform that once held the emperor's throne. Narrow galleries link this to the corners of the room where it is believed his ministers sat the airy panch mahal a 5 storied structure rising in pyramidal fashion was probably used by the ladies of the court. Set like a jewel in a courtyard of pink sandstone is the finest building here, the marble tomb of Salim Chisti enclosed by finely carved, lacy marble screens. The Buland Darwaza, an imposing gateway 54 m high was built to commemorate Akbar's Aligarh the famous university town is a center of Islamic studies. The city is also noted for its handicrafts and metal ware.