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Aavas Finance Home Loan

Aavas Financiers offer home loans @ 8.50% p.a. onwards for a loan amount starting from Rs 1 lakh and for tenures of up to 30 years. It also provides home loans for purchasing properties from different authorities such as Development Authority, Gram Panchayat, Municipal Corporation/Nagar Palika, RERA approved flats, Freehold, etc. Read on to know more about Aavas Housing Finance Home Loans.
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Lowest interest rates starting from 7.1%

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15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Competitive Interest Rates

Starting 7.40% p.a.

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000

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Aavas Home Loan Highlights

Interest Rates 8.50% p.a. onwards
Loan Amount Starting at Rs 1 lakh
Tenure Up to 30 years
Processing Fees Up to 2% + GST

Aavas Home Loan Interest Rate

The home loan interest rates at Aavas financiers start at 8.50% p.a. onwards. The final rate of interest set for the applicant will depend on the applicant’s age, monthly income, employer’s profile, job profile, loan repayment history, etc.

Compare Home Loan Interest Rates for Top Banks & HFCs

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Name of Lender Loans of Up to Rs. 30 Lakh
Bank of India 7.35% p.a. onwards Check Eligibility
State Bank of India 7.50% p.a. onwards Check Eligibility
Punjab National Bank 7.50% p.a. onwards Check Eligibility
Canara Bank 7.40% p.a. onwards Check Eligibility
HDFC Bank 7.90% p.a. onwards Check Eligibility
Bajaj Housing Finance 7.45% p.a. onwards Check Eligibility
ICICI Bank 8.75% p.a. onwards Check Eligibility
Axis Bank 8.30% p.a. onwards Check Eligibility
Federal Bank 8.75% p.a. onwards Check Eligibility
Kotak Mahindra Bank 7.99% p.a. onwards Check Eligibility
IDFC FIRST Bank 8.85% p.a. onwards Check Eligibility
IDBI Bank 7.55% p.a. onwards Check Eligibility
RBL Bank 8.20% p.a. onwards Check Eligibility
Tata Capital Housing Finance 7.75% p.a. onwards Check Eligibility
PNB Housing Finance 8.25% p.a. onwards Check Eligibility
Sammaan Capital
(Formerly known as Indiabulls Housing Finance)		 8.75% p.a. onwards Check Eligibility
India Shelter Home Loan 10.50% p.a. onwards Check Eligibility
L&T Finance Limited 8.70% p.a. onwards Check Eligibility
Godrej Housing Finance 7.75% p.a. onwards Check Eligibility
Home First Finance 8.00% p.a. onwards Check Eligibility
Easy Home Finance 11% p.a. onwards Check Eligibility
Piramal Capital Housing Finance 9.49% p.a. onwards Check Eligibility
Shubham Housing Finance 10.45% p.a. onwards Check Eligibility
Punjab & Sind Bank 7.55% p.a. onwards Check Eligibility
Jio Housing Finance 8.20% p.a. onwards Check Eligibility
HDFC Sales Pvt Ltd 7.90% p.a. onwards Check Eligibility

Aavas Finance Home Loan Fees and Charges

Description Charges
Upfront Charges (Before/During Disbursement)
Processing Charges Up to 2% + GST
Administrative Fees Up to 2% + GST
Nonpostal stamp/stamp duty As per the state law
Non-encumbrance certificate/verification report Up to Rs 5,000 + GST
RCU Charges Up to Rs 1,000 + GST
Valuation/Technical Fee Rs 2,500 + GST (for each report)
Technical visit charges for tranche disbursement Rs 200 + GST
CERSAI Charges Rs 100 + GST (loans>5 lakh)

Rs 50 + GST (loans<5 lakh)
Completion certificate Rs 500 + GST
Post Disbursement Documentation Charges 0.20% of loan amount + GST
Customer Service Charges
CERSAI Rs 100 + GST (loans>5 lakh)

Rs 50 + GST (loans<5 lakh)
Part Pre-payment/Foreclosure Charges In case of Borrower's in Individual Capacity, Loan on the Floating rate of Interest/through own sources  (any source other than borrowing from a Bank/HFC/NBFC or Financial Institution): No prepayment Charges.

In case Non-Individual Borrower and/or Co-Borrower or Individual Borrower for a Business loan with or without co-borrower or borrowing other than own sources, in case of Fixed Rate of Interest, the charges are as follows:

  • 5%+ GST
  • 3% + GST
  • The customer will be required to submit such documents that the company may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan

For Part-payment under category B, following conditions also applicable apart from the above charges:

Part-payment is allowed after the completion of 6 months from the date of the first disbursement.

Not more than 1 pre-payment is allowed in a quarter
ACH/ECS/Cheque Bounce Charges Rs 500 + GST
Penal Interest 36% per annum
Duplicate No dues certificate Rs 500 + GST
Copy of property papers Rs 500 + GST
Charges for missed due date Rs 200 + GST
Document retrieval charges Rs 500 – GST/other statutory charges
Cancellation Charges/Disbursement Cancellation If requested within 7 days of disbursement- Rs 1,000 + GST

If requested after 7 days of disbursement- Rs 1,000 + GST and PEMI till the cancellation request
The duplicate annual account statement, provisional certificate Rs 500  + GST
Loan pre-payment/closure statement/SOA/repayment schedule charges Rs 500 + GST
Personal visit to customer’s place for dues collection Up to Rs 250 + GST
Disbursement cheque cancellation and re-issuance Rs 1,000 + GST and PEMI
Switch/Conversion/Change in Rate of Interest Up to 2% + GST
Cheque/ACH Swapping Charges
PDC to PDC Rs 1,000 + GST
PDC to ACH NIL
ACH to ACH Rs 1,000 + GST
ACH to PDC Rs 1,000 + GST
Complaint Handling Charges NIL
Foreclosure Charges
Cash Collection Charges Rs 5 per Rs 1,000 for cash collection + GST
CERSAI NIL
Document Custodian Fees Rs 500 + GST

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Types of Aavas Home Loan

Plot Purchase and House Construction Loan

  • Purpose: To finance the purchase of plot and residential house construction on the same plot
  • Tenure:
    • For government/PSU/Private sector salaried- Up to 30 years
    • For other salaried- Up to 25 years
    • For self-employed- Up to 20 years

Home Improvement Loan

  • Purpose: For home renovation and giving it a new look, such as adding a new room, adding a new balcony, or other improvements in the existing home
  • Tenure:
    • For self-employed applicants- Up to 20 years
    • For government/PSU/Private sector salaried borrowers- Up to 30 years
    • For other salaried borrowers- Up to 25 years

    Home Loan Balance Transfer

    • Purpose: Transfer of existing home loan from some other bank/HFC to Aavas Home Finance to avail the lower interest rate benefits
    • Tenure:
      • For other salaried- Up to 25 years
      • For government/PSU/Private sector salaried- Up to 30 years
      • For self-employed- Up to 20 years

Eligibility Criteria for Aavas Financiers Home Loan

  • The applicants should be salaried (government/PSUs/private sector) or self-employed
  • Minimum work experience should be at least 1 year or more

Documents Required for Aavas Home Loan

Identity Proof (Salaried/Self-employed)

  • Voter ID
  • Passport
  • Driving License
  • Aadhar card
  • PAN card

Address Proof (Salaried/Self-employed)

  • Voter ID
  • Driving License
  • Passport
  • PAN card
  • Aadhar card

Income Proof

Salaried:

  • Salary Slips
  • Bank statements
  • Form-16
  • Driving License
  • In case of applicants drawing salary in cash, a salary certificate should be presented

Self-employed:

  • Financial Statements for last 3 years/ITR
  • Informal Income Documents

Other Documents

Salaried:

  • Completely filled application form with photograph
  • Bank statement for last 6 months
  • Processing fee cheque

Self-employed:

  • Duly filled application form
  • Proof of business existence
  • Processing fee cheque
  • Bank statement for last 6 months

Property Documents (Salaried/Self-employed)

  • Payment receipt made to the builder
  • Seller’s agreement/allotment letter copy

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FAQs

Who can be the co-applicant to Aavas Finance home loan?Your spouse and immediate family members (blood relatives) can be the co-applicants to your home loan. 

All the co-owners of the property need to be the co-applicants.

What are the different payment modes available for home loan applicants to pay the dues?

The home loan EMI of Aavas Housing home loans can be paid through ECS/ACH/Electronic transfer/Fund transfer/Net banking/RTGS/NEFT/RuPay Debit card/Debit card/UPI/UPI QR code (BHIM UPI QR code).

Can the Aavas home loan applicants switch/convert to lower interest rates as and when required?

Yes, the home loan borrowers can convert their interest rates from floating rates to fixed rates and vice versa. They can also switch from higher interest rates to lower interest rates (fixed to fixed/floating to floating) as and when required. However, Aavas Housing Finance charges 2% on outstanding principal from home loan borrowers for switch/conversion of interest rates.

What is the minimum credit score required to avail home loans from Aavas Housing Finance?

Aavas Housing Finance has not specified the cut-off credit score for home loan applicants. However, the applicants with credit scores of 750 and above usually have higher chances of availing home loans at lower interest rates.

Can I foreclose my home loan availed from Aavas Housing Finance?

Yes, you can foreclose your home loan availed from Aavas Housing Finance. The HFC does not charge any prepayment charges for home loans offered at floating rates. In case of fixed rate home loans, no foreclosure fee is charged for home loans repaid through own sources. On the contrary, the applicants repaying their home loans through other sources are charged up to 5% of loan amount (in case loan is closed within 12 months of first disbursement) and 3% (in case loan is closed after 12 months of first disbursement).

What is the time limit for starting home construction on the land purchased through ‘plot purchase and construction loan’?

There is no lower time limit for keeping the plot of land before construction. However, the construction should be completed within 3 years of purchasing land and getting the construction loan approved. You have to provide a written undertaking to Aavas Housing Finance for the same.

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What our customers say

Time saving process

Office ke chalte jyada samay nahi nikal pata tha. Paisabazaar ke online process ki wajah se na hi mene banks ke rates compare karliye ghar bathe balki mera loan application aur disbursal bhi ghar bathe hi ho gaya...bank jana hi nahi pada...

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Pradeep SinghJan 7, 2026

Kam rates pe loan mila

Paisabazaar se mujhe bahut kam rate pe loan mil gaya...isse mere budget pe jada asar nahi pada aur jald hi mera apna ghar ho jayega..

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Nidhi SharmaJan 6, 2026

eligibility check ho jati hai free

me home loan lene ka soch raha tha uske liye mene pehle paisabazaar app se free me apni eligibility check ki..usse mujhe pata chala muje kya cheeze improve karni hai aur fir mera loan jaldi approve ho gaya.

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Shikhar SahuJan 5, 2026

Home loan mila yaahaan par

Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Chandan SinghDec 1, 2025

Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021
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