Aspire Home Finance is a housing finance company that offers home loan products at an interest rate of 12% onwards. Aspire Housing Loan can be used for various proposes, such as home (purchase/resale), plot purchase and construction, home improvement, or home extension. The company also provides residential retail services, including property search, property market research and finance assistance. Aspire Housing Finance is a single-stop-shop for all property related requirements.
Aspire Home Finance Interest Rate 2020
|Interest Rate||12% onwards|
|Age Criteria – Maximum||Salaried 60 years & 70 Years for Self-employed|
|Loan Amount||Max. up to Rs. 25 lakh|
|Loan Tenure – Salaried||25 years|
|Loan Tenure – Self-employed||20 years|
|Processing Fee & Charges||Up to 3% of the loan amount + taxes + Rs. 5900 (Non Refundable)|
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the company and RBI. GST and service tax shall be levied extra on the mentioned charges.
You can avail Home Loan to acquire a ready /under construction residential property / construction of a residential property on own land. Aspire Home Finance Corporation Limited (AHFCL) is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL). AHFCL also provides loans to refinance home loan availed by the customer from other Banks / Housing Finance Companies (HFCs).
Aspire Housing Loan Interest Rate 2020
|Salaried||12.00% to 16.00%|
|Self Employed||12.50% to 16.00%|
|Self Employed / Non Professional||12.50% to 16.00%|
The company’s range of services include property search (purchase / resale / rent / sale / lease), market intelligence, finance assistance. Its commercial services include property market research, project planning and execution; deal negotiations, legal advisory, tenant sourcing, end-to-end corporate advisory for space requirements. Its consultancy services include due diligence on real estate transactions, strategic advisory for real estate portfolio and valuation services.
The company operates via its network of branches across various states that include Gujarat, Rajasthan, Madhya Pradesh, Karnataka, Tamil Nadu, Maharashtra, Andhra Pradesh, Telangana and Chhattisgarh.
Aspire Home Loans under Pradhan Mantri Awas Yojana (PMAY)
Applicants can avail subsidy benefits under PMAY Save up to Rs. 2.67 lakhs (approx.)
- PMAY scheme is applicable for new / resale purchase of home, construction loan for Economic Weaker Section (EWS) /Lower Income Group (LIG) / Medium Income Group (MIG)
- Economic Weaker Section (EWS) /Lower Income Group (LIG) can avail this scheme for the extension / improvement of their existing property
- Longer tenure for subsidy benefit calculations which can go up to 20 years
- Annual income of a family should be up to Rs. 18 lakh
- For family, it must be first house ownership
- Female property ownership mandatory for EWS / LIG
- Total loan amount and tenure can be higher
|Salaried Individuals||Self-employed Individuals|
|Latest salary slip or salary certificate||Last 2 years’ Income Tax returns duly certified by CA|
|Form 16 / PF statement / Appointment letter||Last 2 Years Balance Sheet and Profit and Loss A/C with Annexures and Schedules|
|Passport size Photograph||Passport size Photograph|
|Identification Proof||Identification Proof|
|Age Proof||Age Proof|
|Bank statement / Pass book copy for last 3-6 months||Bank statement / Pass book copy for last 3-6 months|
Home Loan EMI Calculator
Customers are provided access of an online tool called as Home Loan EMI Calculator offered by various financial institutions, as well as by paisabazaar.com. From this calculator applicants can check the EMI that they need to pay in order to repay their home loan. Applicants are just required to fill in the basic loan related details, such as interest rate, desired loan amount and loan tenure as per their preference. Every EMI calculator’s calculator may not be exact but provides an idea of the loan repayment amount in form of Equated Monthly Instalment.
Apply for Home Loan with Paisabazaar.com
Applying for a home loan online is the most suitable way to get the amount disbursed in your account and to make it simpler you can visit paisabazaar.com and fill in the loan application online for Housing loan. Interested customers just need to fulfil few loan related details and get the loan sanctioned under their own name. At paisabazaar.com you have the option of checking and comparing loan deals offered by various financial institutions and you can pick the best deal as per your requirements at lowest rate of interest.