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Aadhar Home Loan Case Study

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1. Home Loan ( for salaried)
• Salaried customers are mainly Govt. grade III and grade IV employees, Private company employees, Police and Defense forces, Railway employees, Teachers etc.
• Salary eligibility for applying for loan is as low as Rs.5000 per month.
• At Aadhar we can avail home loan upto Rs. 20, 00,000 but not exceeding 80% of the cost of property.
• Factors responsible for deciding loan amount is determined after assessing the individual and his repayment capacity based on various parameters. Factor are as follows :
1. Age
2. Educational background
3. Stability and continuity of income
4. Number of dependence in family
5. Co – applicants income
6. Assets
7. Liabilities
8. Saving habits and others
• Maximum loan tenure is 20 …show more content…

Saving habits and others
• Maximum loan tenure is 20 years (T&C Apply). However tenure does not extend beyond retirement age or 60 years (or 65 years in case of self-employed individuals) whichever is earlier.
• EMI depends upon -
a. Quantum of loan
b. Interest rates applicable
c. Tenure of loan
• Aadhar Home Loans can either be applied individually or jointly. The Co-Applicant may or may not be a Co-owner of the property. However all the Co-owners of the property must be a Co-Applicant. Co-Applicants should be immediate family members like Spouse, Parents or Children.
4. Home improvement loan
• At Aadhar we can avail home loan up to Rs. 20, 00,000 but not exceeding 80% of the cost in case of existing customer of Aadhar Housing. Whereas 50% of the cost in case of new customer of Aadhar housing.
• Actual loan amount is determined after assessing the individuals requirement and the valuation of property by Aadhar Housing Finance Ltd.
• Home improvement loan can be applied for various purposes. Purposes are listed below as following –
1. Flooring or roofing
2. Plumbing
3. Plastering
4. Electrical work
5. Painting
6. Grills and sliding door and windows.
7. Parapet wall and boundary wall, underground or overhead water

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