AHFCL offers loans for renovation of an existing space for a more comfortable environment and a better quality of living. This loan facilitates internal and external repairs and other structural improvements in existing home. Towards this end, the AHFCL Home Improvement Loans would typically cover the following improvements: Tiling, Flooring, Roofing, Painting, Electrical work, Plumbing work, Furniture work, Waterproofing, and Grill work for windows.

Loan Amount

We offer loans covering the total cost towards home extension with the cost estimates approved by a certified engineer / architect and verified by an AHFCL valuer with a cap of 80% of the market value of the property

Loan Tenure

Minimum of 5 years to a maximum of 25 years for salaried customers and 20 years for self-employed customers. Loan tenure should not go beyond the age of retirement or on reaching sixty years of age in case of Salaried and Seventy in case of self-employed customers

Interest Rate

AHFCL RPLR: 18.20%
Customer Type Interest Rate RPLR minus Spread
Salaried 12.00% to 15.00% 6.20 % to 3.20 %
Self Employed 12.50 % to 15.00% 5.70 % to 3.20%
Self Employed / Non Professional 12.50% to 16.00% 5.70 % to 2.20 %

Processing Fees

Sr. No. Fees / Charges Type Description
1. Non-refundable Processing fees: Rs. 5,700 /- (Rupees Five Thousand Seven Hundred only) The processing fee is a onetime non-refundable fee, and is collected by AHFCL for the purpose of appraising the application for the Loan and the same are independent of the outcome/result of such appraisal. Please note that the processing fees is payable at the time of submitting Application Form, duly filled in by way of cheque/Demand Draft favouring AHFCL and /or such other mode as may be acceptable to the Company.
2. Total Processing Fees (Inclusive of the non – refundable amount) 1-2% of the sanction amount plus applicable taxes and/ or other statutory levies