Aditya Birla Housing Finance Limited (ABHFL) has introduced the Pragati Home Loan, a housing finance product designed to widen access to affordable homeownership across diverse borrower segments. Aimed at both salaried and self-employed individuals—including customers without formal income documentation—the offering focuses on flexible eligibility norms, simplified paperwork, and longer repayment tenures.

With minimal paperwork, seamless digital onboarding, and repayment tenures of up to 30 years, Pragati Home Loan makes owning a home both affordable and sustainable, aligning with India’s vision for inclusive and equitable urban development.

Key Benefits

Loan amount: From 5 Lakhs to 1.5 Crore

Tenure flexibility: Up to 30 years, to ensure smaller/flexible EMIs

Loan upto 90% of property’s market value

End use for Builder Purchase, Resale, Plot plus Construction, Home Construction, Home Extension & Home Improvement

Minimal documentation: Tailored for salaried and self-employed individuals with or without ITR

Digital onboarding + Track My Loan: Seamless loan journey with transparency.

Doorstep service: Guidance and support at the customer’s convenience.

Eligibility

Age – minimum 21 years

CIBIL: 675 & above/NTC

Minimum Income: Salaried: Rs. 7,000 /month & Self Employed: Rs. 1 Lakh/ annum

Minimum Work Experience/Business Vintage :3 years

Why It Matters

India’s affordable housing segment continues to expand, driven by rising demand from aspiring homeowners across low- and middle-income groups. Pragati Home Loan bridges this gap through simplified documentation, flexible eligibility norms, and high loan-to-value (LTV) support, enabling more families to transition into formal homeownership. By empowering these aspirations, the offering strengthens India’s affordable housing ecosystem and advances the nation’s vision of inclusive and sustainable urban development.