Aditya Birla Housing Finance Limited

  Introduction: Homeownership Made Easier Together Buying a home is one of the biggest financial decisions of your life—and when done together, it can become easier, more affordable, and smarter. A joint housing loan allows two or more individuals, typically spouses or family members, to co-apply for a home loan. This increases the loan eligibility, offers dual tax benefits, and simplifies the financial burden by sharing EMIs. Aditya Birla Housing Finance Limited (ABHFL) offers flexible joint loan options tailored for salaried and self-employed individuals. This guide explains how a joint loan works, who can apply, and how it pairs with other home financing solutions like a loan for house purchase , a microfinance personal loan , and a lease rental discounting loan . What is a Joint Housing Loan? A joint housing loan is a home loan taken jointly by two or more applicants. In most cases, both applicants are co-owners of the property and co-borrowers of the loan. Their combined in...

What is a Senior Citizen Loan Against Property? A Senior Citizen Loan Against Property is a secured loan where individuals aged 60+ can mortgage their owned property—residential, commercial, or even a vacant plot—to raise funds. This financial solution allows retired or semi-retired individuals to unlock the value of their real estate without selling it. Unlike unsecured loans or reverse mortgages, this option gives full control and keeps ownership intact during repayment. Why is it Ideal for Retired Individuals? Senior citizens often have limited active income but may own high-value assets like homes or land. A loan against property provides: Access to lump-sum funds without liquidating assets Freedom to use funds for any legal purpose—healthcare, travel, home repairs, or gifting Retention of ownership while making regular repayments Long repayment periods with lower EMIs, especially for pensioners or NRI seniors NBFCs like Aditya Birla Housing Finance offer specia...

As families grow and lifestyles evolve, the need for more space at home becomes inevitable. But shifting to a new house isn’t always the best or most affordable option. That’s where a home extension loan comes into play — offering a smart way to expand your existing home without disrupting your life. If you're planning to add another room, build a new floor, or extend your kitchen or balcony, this loan is designed to support that vision. Let’s explore how it works, who it's for, and how it compares to other housing finance options like a construction loan for home or commercial construction loan . What is a Home Extension Loan? A home extension loan is a type of housing finance offered to homeowners who want to increase the built-up area of their existing residential property. It is different from a home improvement loan , which is meant for repairs or upgrades. Extension loans are used when you're adding new physical structures — like an extra bedroom, a study, or ev...

Your home isn’t just a place to live — it’s your personal space, your comfort zone, and your long-term investment. Over time, every home needs upgrades — from structural repairs to modern makeovers. That’s where home improvement loans come in. But before applying, it’s crucial to understand one key factor — home improvement loan interest rates . The rate you get directly affects your EMI and total repayment. So let’s break it down. What is a Home Improvement Loan? A home improvement loan is a type of housing finance designed for renovation, refurbishment, or repair of an existing home. Whether it’s plumbing upgrades, flooring changes, kitchen remodeling, or adding modern interiors, this loan gives you the freedom to refresh your space. It’s different from a home extension loan , which is taken for increasing the size or built-up area of the home. A home improvement loan is focused purely on enhancing the aesthetics or functionality of what’s already built. Current Home Improvement L...