Aditya Birla Finance Loan Against Property - Fees and Charges

Transaction

Charges

Loan Processing /Administration Fee

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

Pre-payment Charges:
Pre-closure is allowed after 12 months from loan disbursement date for Long Term Loans
Any part pre-payments made in the last 12 months prior to closure will be counted towards the pre-closure charges

 

  • Floating rate loans given to individuals, where all applicants and co-applicants are individuals: Nil
  • Home Loans (other than floating rate Home Loans to individuals): 2% of principal outstanding
  • Loan against Property & Lease Rental Discounting: 4% of principal outstanding

Other Charges:
Default Penal Interest Rate / Non Conformance with
any covenants / stipulated conditions

24% p.a. i.e. 2% per month

ECS failure charges

 750/- per instance

Accrued Interest

As applicable based on actual delayed status or as communicated by the lender from time to time

CERSAI charges

When facility amount is equal to  5 lacs or lesser –  250+ST per property

When facility amount is greater than  5 lacs – 
 500+ST per property

Pre-closure quote

 1,000/- per instance

Request for Copies of any collateral held with ABHFL

 750/- per instance

Duplicate Statement/ Repayment Schedule / any other document held with ABHFL request

 200/- per instance

Charge For Exchanging ECS mandate

 750/- per instance

CIBIL report retrieval fee

 50/- per instance for Consumer and  500/- for Commercial CIBIL

Loan Re-schedulement (at discretion of ABHFL) charges

0.50% of the loan outstanding + Service Tax

NOC issuance charges

 500 + Service Tax

Swap Charges (Fixed or semi-fixed rate to floating and vice-versa at discretion of ABHFL)

2% of the loan outstanding

  • Stamp duty
  • Legal and other statutory charges
  • Insurance premium
  • Creation charge with ROC

As per actual, where applicable

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.

Loan Types

Loan Against Property

A sudden requirement of funds is an unavoidable circumstance of business or personal life. Whether a personal necessity (hospitalization, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.
In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinizing the validity of the said property and its current market value.

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Personal Loan

Personal loans are taken primarily for fulfilling your personal aspirations such as vacation, a perfect wedding, home renovation or a much desired gadget. In addition to being relatively easy to apply for, personal loans are unsecured loans which means that you don't need any collateral to take this loan. They are one of the simplest form of loans with customer-friendly repayment terms.

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Home 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. You often renovate your home to suit your changing needs. This loan can be used to carry out repairs / improvements within your existing owned residential properties.

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Business Loan

Running a business is not easy. You have to constantly think of ways and means to keep it going and growing. As a part of the growth plan, you require financing for expanding operations or to buy new equipment or inventory or simply increase the working capital. To help you with your financing needs we offer Business Loans that will help your business grow.

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About LoanMoney

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LoanMoney deals in ..
# Home loans - Residential/ Commercial/ Industrial - Purchase /Reconstruction / Plots
# Loan Against Property - Residential / Commercial / Industrial
# Business Loans - Unsecured Overdraft / Term Loan / Against Credit Card Swipe
# Personal Loan - Against Salary /Professional Receipts Doctor/ CA/Engg
# Working Capital for SME - Overdraft/ Cash Credit / Term Loan /Export Funding/ Non Funded
# Machinery / Equipment Loans - Medical/ Construction/ Vehicles
# Educational/ Hospital Institutions Loans to Trust/ Society

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