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Aditya Birla Housing Finance Limited

ABC Solutions

Prime LAP

Flexible financing designed to help you achieve your financial goals while retaining ownership of your property.

Apply Now

Home Loan EMI Calculator

ROI ranges from 8.5 to 20

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About ABHFL Prime Loan Against Property

ABHFL Prime Loan Against Property (LAP) helps you get funds while keeping your property. Whether you need money for your child’s education, a wedding, a foreign trip, or retirement planning, this loan offers a simple and flexible solution. With easy processing, competitive interest rates, and flexible repayment, you can meet your financial needs without selling your property.

Used for:

  • Providing quick funds forPaying for education, weddings, or travel
  • Expanding your business or managing expenses
  • Renovating your home or commercial property
  • Transferring your existing LAP from another lender


Why Choose ABHFL Prime Loan Against Property?

Key Benefits:

  • Digital Onboarding & Quick Sanction – Apply online with minimal paperwork and get fast approval.

  • Attractive Interest Rates – Enjoy competitive rates that make repayment more manageable.

  • Wide Loan Amount Range – Avail a loan amount based on your property’s value and financial needs.

  • Flexible Repayment Period – Choose a repayment tenure that suits you, with options up to 20 years.

  • Dedicated Relationship Manager – Get doorstep service and expert guidance throughout the loan process.


Additional Advantages:

  • Balance Transfer Facility – Transfer an existing LAP from another lender to enjoy better interest rates and terms.

  • Multiple End-Uses – Use the loan for education, business expansion, home renovation, or medical emergencies.

  • No Need to Sell Your Property – Get access to funds while continuing to own and use your property.

  • Customized Loan Solutions – Loan options tailored to suit salaried individuals, self-employed professionals, NRIs, and PIOs.

Loan Against Property: Eligibility Criteria

To qualify for Loan Against Property (LAP), applicants must meet the following criteria:


For Salaried Individuals (Residents, NRIs & PIOs):
  • Minimum Monthly Income – INR 25,000
  • Work Experience Requirement – At least 3 years in employment
  • CIBIL Score – 700 & above (NTC cases also considered)

For Self-Employed Professionals & Business Owners:
  • Minimum Annual Income – INR 3 lakh per annum
  • Business Vintage – Minimum 3 years of stable business operations
  • CIBIL Score – 700 & above (NTC cases also considered)

Note: Loan eligibility is subject to property valuation and submitted documentation.


Step-by-Step Guide: How to Apply for a Loan Against Property?

Applying for a Loan Against Property (LAP) with ABHFL is a simple and hassle-free process. Follow these steps to get started:


Step 1: Check Your Eligibility


  • Ensure you meet the income, employment/business vintage, and CIBIL score criteria.
  • Use our Loan Eligibility Calculator to determine the loan amount you qualify for.

Step 2: Gather Required Documents


  • Identity & Address Proof – Aadhaar, PAN, Passport, or Voter ID
  • Income Proof – Salary slips (last 3 months) or ITR (last 2 years for self-employed)
  • Bank Statements – Last 6 months’ salary or business transaction history
  • Property Papers – Ownership documents and approved sanction plan

Step 3: Submit Your Application


  • Apply online through the ABHFL portal or visit a branch.
  • A Relationship Manager will assist you with the documentation and verification process.

Step 4: Property Evaluation & Loan Processing


  • ABHFL verifies your property details, legal status, and market value.
  • Your loan application is reviewed based on eligibility and submitted documents.

Step 5: Loan Approval & Disbursement


  • Once approved, the loan amount is disbursed directly to your bank account.
  • You can start repaying through flexible EMI options based on your tenure preference.

Documents Required for Loan Against Property

To ensure a smooth loan application process, applicants must submit the following documents:


1. Identity & Address Proof
  • KYC Documents – Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License
  • Address Proof – Latest utility bill (electricity, water, or gas) (not older than 3 months)

2. Income Proof

For Salaried Individuals:


  • Latest 3 months' salary slips
  • 6 months’ bank statements (salary credited account)
  • Form 16 or ITR for the last 2 years

For Self-Employed Professionals & Business Owners:

  • Income Tax Returns (ITRs) & financial statements for the last 2 years
  • 6 months’ bank statements (business and personal)

3. Business & Employment Proof

For Salaried Individuals:

  • Employment letter or employer confirmation (if required)

    • For Self-Employed & Business Owners:

  • Business registration certificate
  • GST returns or profit & loss statements

4. Property Documents

    Copy of Property Papers – Title deed, Sale deed, or any other ownership documents/li>

    Approved Sanction Plan – Required for property evaluation/li>


Home Loan FAQs

A home loan is a type of a secured loan that is availed by a user from financial institutions to purchase a house. A house loan is repaid by paying regular equated monthly installments (EMI) which includes of a part of the principal taken as a loan and the interest accrued.
You can apply for our housing loans through various options:

  • Download the home loan application form from our website
  • Submit the duly filled form to your nearest branch
  • Pay home loan processing fee
  • Get home loan approval
Aditya Birla Housing Finance provides home loans starting at an interest of 8% p.a. It offers home loan tenure as long as 30 years and maximum loan can be up to 90% of property's cost.
There is no minimum amount of housing loan. The minimum amount is subject to changes as per internal policies and guidelines of ABHFL.
As per sections 80C, 24(b) and 80EEA of the Income Tax Act, you are eligible to receive tax benefits on repayment of home loan principal and interest of your home Loan. Please consult your tax advisor for details.
Given below are some of the crucial factors that determine your home loan eligibility:

  • Income of all applicants.
  • Age of the primary applicant
  • Other income, existing EMIs
  • Stability and continuity of the primary applicant's occupation
  • Repayment Capacity
  • Credit Score
Yes, based on your income eligibility, we can offer you PNI (Property Not Identified) Sanction Letter for your home loan. You can identify the property you need to buy based on this document. The final sanction of your home loan will be based on the assessment of the identified property. However, if the property is under construction, kindly speak to your assigned sales manager for acceptability.
ABHFL’s home loan application procedure is simple. Given below is a guide to home loan application process-

  • Step 1: Home Loan Application
  • Step 2: Loan Document Submission
  • Step 3: Legal & Technical Verification
  • Step 4: Home Loan Approval
  • Step 5: Home Loan Sanction
  • Step 6: Home Loan Disbursement
The following types of home loans are provided in India by Housing Finance Institutions:

1. Home Construction Loan
2. Home Loan for Plot Purchase and Construction
3. Home Extension Loan
4. Home Renovation Loan
5. Construction Finance
6. Loan Against Property
ABHFL offers home loan tenure as long as 30 years and maximum loan can be up to 90% of property's cost.
Housing loans are processed within 15 working days of completing the documentation as required by ABHFL.
All the co-owners of the residential property can be co-applicants to the housing loan.
You may prepay your housing loan before your home loan tenure is completed. Please note that there may be some prepayment charges on home.
No. You don’t require a guarantor for your housing loan. You will need a home loan guarantor in specific situations given below:

  • If the primary applicant has a weak financial position
  • If the applicant wants to borrow a housing loan which is more than his eligibility
  • If the applicant is earning less than the required minimum income
A home loan provisional certificate is your home loan account given by your lender. Home loan provisional statement is a summary of the principal amount and interest repaid by you towards your house loan for the given financial year.
Taking Home loan insurance is not compulsory. It is however suggested that you may take insurance to protect yourself against any unexpected circumstances.

Fees and Other Charges

Transactions & Charges

0.25% onwards of the loan amount plus applicable GST, may vary depending upon the risk profile of the customer.

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
0.25% + GST on principal outstanding, capped at 7500 /- per instance
Rs 500/- per instance
2% of principal outstanding plus applicable GST
As per actual, where applicable
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.