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Aditya Birla Housing Finance Limited

ABC Solutions

Micro LAP

Introducing Micro-LAP Seize New Opportunities with Quick and Easy Financing!

Home Loan EMI Calculator

ROI ranges from 8.5 to 20

Your EMI is

  • ₹
  • /Month

Check out the loan amount you are eligible for

Calculate Eligibility

Apply For Microfinance Business & Personal Loan

No matter if you're an owner of a Kirana shop, Tea Stall, Food Joint, or an entrepreneur. Your property holds the potential to unlock financial opportunities. With our Micro Loan Against Property, you can access the funds you need to fuel your ambitions. Take the leap toward your dreams and apply now! Loans up to Rs.75 Lacs without ITR proof

Key Benefits of Micro LAP

  • Icon

    No ITR Proof required

  • Icon

    Loan up to Rs. 75 Lacs

  • Loan Tenure-Up to 240 months Icon

    Repayment comfortably over 180 months

  • Simple Documentation Icon

    Simple Documentation

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    Loan upto 70% of the property market value

  • Icon

    No ITR Proof required

  • Icon

    Loan up to Rs. 75 Lacs

  • Loan Tenure-Up to 240 months Icon

    Repayment comfortably over 180 months

  • Simple Documentation Icon

    Simple Documentation

  • Icon

    Loan upto 70% of the property market value

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

Financing the needs of

  • Small Kirana shop owners
  • Tea/Food shop owners
  • Barbershop/Salon owners
  • Scrap dealers
  • Garage owners
  • Laundry owners
  • Caterers
  • Commission agents
  • Tailors
  • Auto/Taxi drivers(Self-owned vehicle)

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 ​​​​​

Video

ABFL helped me grow my business
I could fulfill orders to a new client because of the loan I took. Now that client is one of my biggest sources of revenue
Sumit Pande, Indore
ABFL helped me grow my business
I could fulfill orders to a new client because of the loan I took. Now that client is one of my biggest sources of revenue
Sumit Pande, Indore
Learn more about SME Loans
video-img-our-customer
ABFL helped me grow my business
I could fulfill orders to a new client because of the loan I took. Now that client is one of my biggest sources of revenue
Sumit Pande, Indore
Learn more about SME Loans

Home 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
Wherever applicable GST @ prescribed rates 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.​​

What do we offer?

  • Home Loan

Your home is where you build memories with your loved ones. It’s your own little piece of heaven. ABHFL presents a home loan, especially designed just for you.

  • Home Construction Loan

A plot plus 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.​​

  • Home Extension Loan

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements.​​

  • Home Improvement Loan

A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With ABHFL Home Renovation Loans you can upgrade your existing home to a contemporary design and a more comfortable living space.​​

  • Loan Against Property

This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.

  • Step-Up Home Loan

For Young & Budding Professionals, Pay lower EMI Initially and EMI to increase with expected growth in salary for balance tenure.

  • Step-Down Home Loan

Salaried customer having pension income post retirement or joint home loan with one of the coborrower retiring in short time, Pay higher EMI up to retirement and Lower EMI subsequently till balance tenure of the loan.

  • Extended tenure Home Loan

For Senior salaried professionals working in top corporates nearing retirement, Flexibility of Longer repayment periods with reduced EMI.

Your home is where you build memories with your loved ones. It’s your own little piece of heaven. ABHFL presents a home loan, especially designed just for you.

A plot plus 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.​​

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements.​​

A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With ABHFL Home Renovation Loans you can upgrade your existing home to a contemporary design and a more comfortable living space.​​

This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.

For Young & Budding Professionals, Pay lower EMI Initially and EMI to increase with expected growth in salary for balance tenure.

Salaried customer having pension income post retirement or joint home loan with one of the coborrower retiring in short time, Pay higher EMI up to retirement and Lower EMI subsequently till balance tenure of the loan.

For Senior salaried professionals working in top corporates nearing retirement, Flexibility of Longer repayment periods with reduced EMI.