To help individuals realize their dream of having a house of their own, Aptus Value Housing Finance India Ltd. offers a multitude of options. Registered and certified under the National Housing Bank, this is a housing finance company which operates with the primary objective of catering to the needs of a self-employed segment of customers who belong to the middle-income group, residing mainly in semi-urban and rural areas. Aptus housing finance holds a trusted presence in 4 states across India and operates with the help of 55 branches.
Features of Aptus Value Housing Finance Home Loan:
- Purpose of Loan – Aptus Housing finance offers long term home loans to customers which can be availed for purposes like purchasing a new house/flat from a builder, purchase of an existing flat or house, construction of a new flat or house on pre-owned land or for the renovation or extension of a house.
- Term of Loan – Applicants can avail this home loan for a maximum tenure of 15 years.
- Loan Prepayment Charges – Customers who wish to pre-close their home loan before the expiry of its term are not required to pay any pre-payment or foreclosure charges to the company.
- Amount of Loan Available – In order to facilitate customers to purchase /construct new house or renovate an existing house, Aptus provides home loans for a minimum amount of Rs 3 lakhs. Since the primary focus is on providing home loans to customers looking to purchase/construct a house ranging from Rs 6 lakh to Rs 30 lakh in value, the maximum range of home finance provided goes up to Rs 25 lakhs.
- Loan Margin – These home loans can be availed for a value that must not exceed 85% of the market value of the property to be purchased.
Aptus Value Housing Finance Home Loan Interest Rate:
For it home loan customers, Aptus has adopted a transparent process to fix the rate of interest. Customers choose between a fixed and floating option for the interest rate that is chargeable on their home loan, which is based on the Aptus Base Rate. When it comes to interest rate, two points must be noted:
- Keeping in account the fluctuations in interest rate, the fixed rate of interest will be higher by 0.5% to 1%.
- According to the NHB rules, the interest rate chargeable to Rural Housing Fund (RHF) customers, would be calculated by taking into account the benefit gained from NHB borrowing. As a result, the reduction in the interest rate would be provided to the customers.