Aspire Home Finance

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

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    About Aspire Home Finance

    Aspire Home Finance Corporation Limited, a Motilal Oswal Group company which aims to provide a seamless customer experience for financing the purchase of your dream home. Home Loans are available in different categories such as a ready/under construction, residential property/construction of a residential property on own land. A refinance facility is also on offer by AHFCL to those customers who have obtained the loan from other banks/HFCs.

    Aspire Home Loan Rate of Interest

    The rate of interest as per the profession is mentioned in the table below:

    Customer TypeInterest Rate
    RPLR minus Spread
    Salaried12.00% 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 15.00%

    5.70% to 3.20%

    AHFCL RPLR: 18.20%

    Aspire Home Loan EMI Calculator

    Aspire Home Loan EMI Calculator is easy to use. Just fill the details such as loan amount, the number of months and interest rate applicable on your loan. You may get calculated EMI value as a result which is required to be payable for your home loans availed from Aspire.

    For example,

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 15,00,00012.50%1₹ 1,33,624₹ 1,03,492₹ 16,03,492
    ₹ 15,00,00012.50%2₹ 70,961₹ 2,03,063₹ 17,03,063
    ₹ 15,00,00012.50%3₹ 50,180₹ 3,06,496₹ 18,06,496
    ₹ 15,00,00012.50%4₹ 39,870₹ 4,13,760₹ 19,13,760
    ₹ 15,00,00012.50%5₹ 33,747₹ 5,24,814₹ 20,24,814
    ₹ 15,00,00012.50%6₹ 29,717₹ 6,39,607₹ 21,39,607
    ₹ 15,00,00012.50%7₹ 26,882₹ 7,58,076₹ 22,58,076
    ₹ 15,00,00012.50%8₹ 24,793₹ 8,80,148₹ 23,80,148
    ₹ 15,00,00012.50%9₹ 23,201₹ 10,05,743₹ 25,05,743
    ₹ 15,00,00012.50%10₹ 21,956₹ 11,34,771₹ 26,34,771
    ₹ 15,00,00012.50%11₹ 20,963₹ 12,67,135₹ 27,67,135
    ₹ 15,00,00012.50%12₹ 20,158₹ 14,02,732₹ 29,02,732
    ₹ 15,00,00012.50%13₹ 19,496₹ 15,41,453₹ 30,41,453
    ₹ 15,00,00012.50%14₹ 18,948₹ 16,83,184₹ 31,83,184
    ₹ 15,00,00012.50%15₹ 18,488₹ 18,27,810₹ 33,27,810

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 36,392₹ 1,85,462₹ 14,63,607
    2₹ 41,211₹ 1,80,643₹ 14,22,396
    3₹ 46,668₹ 1,75,186₹ 13,75,728
    4₹ 52,847₹ 1,69,006₹ 13,22,881
    5₹ 59,845₹ 1,62,008₹ 12,63,035
    6₹ 67,770₹ 1,54,084₹ 11,95,265
    7₹ 76,743₹ 1,45,110₹ 11,18,521
    8₹ 86,905₹ 1,34,948₹ 10,31,615
    9₹ 98,413₹ 1,23,440₹ 9,33,202
    10₹ 1,11,445₹ 1,10,409₹ 8,21,756
    11₹ 1,26,202₹ 95,652₹ 6,95,554
    12₹ 1,42,913₹ 78,940₹ 5,52,640
    13₹ 1,61,837₹ 60,016₹ 3,90,802
    14₹ 1,83,267₹ 38,586₹ 2,07,535
    15₹ 2,07,725₹ 14,319₹ 0

    Documentation Required

    Below are all the documents that you must have if you want to apply for home loans at Aspire Home Finance:

    1. Application form duly signed by the applicant along with the photograph

    2. ID proof & Resident Proof

    3. Processing fee cheque

    4. Last 6 months bank statement

    5. Documentation for salaried applicants:

    • Last 3-months salary slips
    • Form 16 along with recent salary certificate

    6. Documentation for self-employed applicants

    •       Last 2 years Income tax returns
    •       Last 2 years computation of income

    Aspire Home Loan Eligibility Criteria

    • The disbursal of home loan is applicable to different customer types such as salaried, self-employed and non-professional.
    • The minimum loan amount is Rs. 2 Lakhs and the maximum loan amount is Rs. 25 lakhs
    • The minimum tenure for a home loan is 5 years; maximum tenure is 25 years only for Salaried Customers and 20 years for self-employed customers.
    • Loan tenure should not extend the age of retirement or on reaching sixty years of age in case of Salaried and Seventy in case of self-employed customers

    Features and Benefits of Aspire Home Finance

    Aspire Home Finance Corporation Limited offers home loans with the following features and benefits such as:

    1. Attractive Housing Finance Rates
    2. No prepayment charges
    3. Balance transfer facility
    4. Quick and transparent processing
    5. Doorstep Services

    Aspire Home Finance Customer Care Number

    If you face any difficulty regarding interest rates, tenures, loan amount or any queries relating to eligibility criteria or processing fees then contact Aspire Home Finance customer care representative on 091- 22-30102527 or you can also give them a missed call on 9718497184 or write an email at the email address given on the website.

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