ART Housing Finance Home Loan
Registered with the National Housing Bank or NHB, ART Housing Finance India Limited is an emerging NBFC in India helping thousands of people buy their dream homes. The interest rate for an ART home loan varies as per the profile of the borrower, who can be a salaried or a self-employed person from a formal or informal income segment. ART Housing Finance promotes a technology-enabled paperless application procedure for home loans, and the entire procedure is 100% transparent. ART Housing Finance Ltd. offers a wide range of housing loan schemes such as home purchase, home extension, home construction, home improvement, refinance, balance transfer and top-up loans. Borrowers can get an ART home loan with a maximum loan repayment tenure of up to 30 years for a minimum loan amount starting at Rs. 3 lakhs up to Rs. 50 lakhs.
ART Housing Finance Home Loan EMI Calculator
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ART Housing Finance Ltd Key Highlights
Get the lowest interest rates with ART Housing Finance
| Loan Amount | Up to 50 lakhs |
|---|---|
| Rate of Interest | Varies as per the profile of the borrower |
| RPLR | 19.25% |
| Processing Fee |
Varies as per the policy |
| Maximum Tenure for Repayment | 30 years |
| Penal Rate of Interest | |
| Rate Packages | Floater/ Fixed |
| Charges for Prepayment/Foreclosure | N/A |
ART Housing Finance Interest Rates in 2024
ART Housing Finance Ltd. takes pride in offering easy and affordable home loans to borrowers across the country. These quick and tailor-made housing loan schemes are offered at an interest rate that varies as per the borrower's profile, for which you are advised to contact the officials of the NBFC.
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Floater/ Fixed Plans | As per the borrower’s profile |
| Floater/ Fixed Plans | As per the borrower’s profile |
| Floater/ Fixed Plans | As per the borrower’s profile |
| Floater/ Fixed Plans | As per the borrower’s profile |
Interest rates were last updated on 1st December 2024
ART Home Loan Eligibility Criteria
ART Housing Finance Ltd. offers quick and hassle-free home loans to both formal and informal income segments based on some eligibility criteria. These are general parameters such as age, nationality, repaying capacity, employment status, etc.
| Eligibility Parameters | For Salaried Individuals | For Self-Employed Individuals |
|---|---|---|
| Age Range (in years) | 23 - 65 | 23 - 65 |
| Nationality | Indian Resident | Indian Resident |
| Minimum Income Earned | Can be as low as Rs. 5000 per month | Can be as low as Rs. 5000 per month |
ART Housing Loan Processing Fee and Charges
ART Housing Finance Ltd. facilitates easy home loan processing for aspiring homeowners at a nominal processing fee that varies as per the policy. Besides, the NBFC also levies some other fees for various procedures to get a home loan scheme.
| Processing Fee | Varies as per the policy |
|---|---|
| Cheque Bounce Charges | Rs. 500 + taxes |
| Cheque Swap Charges | Rs. 250 + taxes |
| Duplicate Statement/ Certificate | Rs. 250 + taxes |
| Legal Charges | Rs. 2,500 + taxes prior to disbursement (Not applicable on top-ups and approved projects) |
| Pay Order/ Demand Draft Charges | Rs. 150 per lakh/ actual bank charges (whichever is higher) |
| CERSAI Charges |
|
| Prepayment Charges | Nil |
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ART Home Finance Schemes and Top Plans
ART Housing Finance offers a plethora of home loan schemes to salaried and self-employed borrowers who dream of owning a home. Here is a list of popular housing loan schemes offered by ART:
1. Home Purchase Loans
- Ideal housing loan scheme to purchase a ready-to-move-in or under-construction residential property
- Attractive interest rates
- Maximum loan repayment tenure of up to 30 years
2. Home Construction Loans
- Best home loan scheme for the construction of a residential property
- Minimum loan amount starting Rs. 3 lakhs up to Rs. 50 lakhs
- Maximum loan repayment tenure of up to 30 years
3. Home Extension Loans
- Suitable housing loan for those intending to extend an existing home by adding a floor, room, or balcony
- Flexible repayment options
- Attractive interest rates
4. Home Improvement Loans
- Best home loan scheme for renovating an existing home internally or externally by painting, flooring, electrical work, plumbing, etc.
- Maximum loan repayment tenure of up to 30 years
- Maximum loan amount up
5. Refinance Home Loans
- Offers flexible reimbursement of expenditure done on purchasing, extending or constructing a home
- Flexible repayment methods
6. Balance Transfer Home Loans
- Quick transfer of an existing home loan to ART Housing Finance Ltd.
- Lower interest rates
7. Balance Transfer + Top-Up Loans
- Easy transfer of an existing home loan to ART Housing Finance Ltd.
- Flexible top-ups available
Note: All of the above home loan plans are made available to applicants solely at the discretion of ART Housing Finance, taking into consideration the earning and repayment capacity of the applicant.
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Documents Required For ART Home Loan
It is quite easy to apply for an ART Home Loan, and one crucial step in this procedure is to submit some KYC documents. Listed below are the ART Housing Finance required documents for salaried and self-employed applicants:
Documents Required for Salaried Applicants
- Appointment Letter
- Salary slips for the last 3 months
- Certified Letter from the employer
- Latest ITR/ Form 16
- Duly filled and signed application form with a passport-size photograph
- A processing fee cheque in favor of ART Housing Finance Ltd.
- Bank Statements for the last 6 months
Documents Required for Self-Employed Applicants
- Business License
- Business Address Proof
- GST Registration Certificate
- Service Tax Registration Certificate
- VAT Registration Certificate
- ITR for the last 2 years
- PartnershipPartnership Deed, if the business is in partnership
- Certificate of Practice (Doctors, Lawyers, etc.)
- Photocopy of Registration of Shop or Business Establishment under Shops and Establishment Act
- Duly filled and signed application form with a passport-size photograph
- A processing fee cheque in favor of ART Housing Finance Ltd.
- Bank Statements for the last 6 months
Common Documents Required from Both Salaried and Self-Employed Applicants
| Type of Document | Documents Required |
|---|---|
| Identity & Address Proof | Voter ID, Driving License, Aadhaar Card, Copy of Passport, PAN Card |
| Documents Related to Property |
|
Find ART Housing Finance Offices Near You
If you are planning to visit one of the offices of ART Finance Home Loan near you to understand the ART Finance Home Loan Offer in detail and apply for the Home Loan, you can simply fill in the Free Consultation form, and the team of BASIC Home Loan will reach out to you for needful assistance in the process.
Interest rates and fees on home loans vary based on eligibility and lender criteria. All applicable fees and charges are subject to relevant taxes and can change at the lender’s discretion. For the most current information on home loan interest rates, processing fees, other applicable charges, and updates on eligibility criteria and loan offers, please visit the official website of the bank.
FAQs
The ART Home Loan interest rate varies as per the borrower’s profile, so you are advised to contact the NBFC officials to learn about the same.
Visit the nearest branch of ART Housing Finance or apply online by visiting its official website. Alternatively, you may contact the BASICHomeloan team to assist you in applying for an ART home loan.
ART Housing Finance Ltd. offers a variety of home loan schemes to borrowers, such as
- Home Purchase Loans
- Home Construction Loans
- Home Extension Loans
- Home Improvement Loans
- Home Refinance Loans
- Balance Transfer Loans
- Balance Transfer + Top-Up Loans
The maximum home loan amount offered by ART Housing Finance Ltd. is up to Rs. 50 lakhs.
ART home loan processing fee varies as per the policy bought by the borrower, so you may contact the NBFC to learn more about the same.
Yes, a borrower can fetch tax benefits on the interest paid for ART home loans under Section 24 (B) of the Income Tax Act.
ART Housing Finance Ltd. doesn’t charge any foreclosure or prepayment fee for home loans, wherever applicable.
Yes, you can easily transfer your existing home loan to ART Housing Finance through the Balance Transfer Home Loan scheme.