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Motilal Oswal Home Finance Limited offers home loans starting from 11.75% per annum for purchasing, constructing, or improving residential properties. The NBFC provides financing up to ₹50 lakhs with flexible repayment tenure extending up to 25 years for salaried and 20 years for self-employed individuals. With minimal documentation and quick processing, borrowers can access affordable housing finance solutions.
|
Feature |
Details |
|
Interest Rate |
11.75% - 17% p.a. |
|
Loan Amount |
₹5 lakhs to ₹50 lakhs |
|
Processing Fee |
Up to ₹5,000 |
|
Loan Tenure (Salaried) |
5 to 25 years |
|
Loan Tenure (Self-Employed) |
5 to 20 years |
|
LTV Ratio |
Up to 85% |
|
Prepayment Charges |
Nil |
|
Age Limit |
21 to 70 years |
Motilal Oswal Home Finance home loan interest rates range from 11.75% to 17% per annum based on borrower category and employment type.
|
Borrower Category |
Interest Rate |
|
Salaried Individuals |
11.75% - 16% p.a. |
|
Self-Employed Individuals |
12.75% - 17% p.a. |
|
Balance Transfer (Salaried) |
11.75% - 16% p.a. |
|
Balance Transfer (Self-Employed) |
12.75% - 17% p.a. |
|
Top-Up Loan |
Starting from 11.75% p.a. |
|
Overdraft Facility |
Starting from 11.75% p.a. |
|
Feature |
Details |
|
Purpose |
Purchase ready, under-construction, or new property |
|
Interest Rate |
11.75% - 16% p.a. (Salaried) |
|
Loan Amount |
₹5 lakhs to ₹40 lakhs |
|
Tenure (Salaried) |
5 to 25 years |
|
Tenure (Self-Employed) |
5 to 20 years |
|
Property Types |
Residential flats, independent houses |
|
Feature |
Details |
|
Purpose |
Construction on non-agricultural freehold plot |
|
Interest Rate |
11.75% - 17% p.a. |
|
Maximum Loan Amount |
Up to ₹40 lakhs |
|
LTV Ratio |
Up to 85% of construction cost |
|
Disbursement |
Stage-wise as per construction progress |
|
Feature |
Details |
|
Purpose |
Renovation, painting, flooring, roofing |
|
Interest Rate |
Starting from 11.75% p.a. |
|
Loan Amount |
₹5 lakhs or 85% of improvement cost (whichever is lower) |
|
Tenure |
5 to 10 years |
|
Use |
Tiling, painting, electrical, plumbing work |
|
Feature |
Details |
|
Purpose |
Adding rooms or floors to existing home |
|
Interest Rate |
Starting from 11.75% p.a. |
|
Loan Amount |
₹5 lakhs to ₹40 lakhs |
|
LTV Ratio |
Up to 85% |
|
Eligibility |
Subject to FSI availability |
|
Feature |
Details |
|
Purpose |
Purchase of residential plot |
|
Interest Rate |
Competitive rates |
|
LTV Ratio |
Up to 75% of plot value |
|
Inclusion |
Stamp duty and registration charges |
|
Feature |
Details |
|
Purpose |
Plot purchase plus construction |
|
Interest Rate |
Starting from 11.75% p.a. |
|
Plot LTV |
Up to 75% of plot value |
|
Construction LTV |
Up to 85% of construction cost |
|
Condition |
Construction within specified period |
|
Feature |
Details |
|
Purpose |
Purchase, construction, improvement |
|
Subsidy |
Up to ₹2.67 lakhs |
|
Eligible Groups |
EWS, LIG, MIG-I, MIG-II |
|
Benefits |
Credit-linked subsidy on interest |
|
Parameter |
Requirement |
|
Nationality |
Indian Resident |
|
Age |
21 to 70 years |
|
Employment |
Salaried or Self-Employed |
|
Income |
Stable and verifiable |
|
Credit Score |
Good credit history |
|
Criteria |
Details |
|
Employment Type |
Permanent/Contractual |
|
Work Experience |
Continuous employment |
|
Income Proof |
Salary slips, Form 16 |
|
Employer |
Government or private sector |
|
Criteria |
Details |
|
Business Type |
Professionals, Non-professionals |
|
Business Vintage |
Established business |
|
Income Proof |
ITR, Audited financials |
|
Stability |
Continuous business operations |
|
Document Type |
Acceptable Documents |
|
Identity Proof |
PAN Card, Aadhaar Card, Passport, Driving License, Voter ID |
|
Address Proof |
Aadhaar Card, Utility Bills, Rent Agreement, Passport |
|
Age Proof |
Birth Certificate, PAN Card, Passport, School Certificate |
|
Document |
Details |
|
Salary Slips |
Last 3 months |
|
Form 16 |
Latest financial year |
|
Bank Statements |
Last 6 months |
|
Employment Proof |
Appointment letter or ID card |
|
Document |
Details |
|
ITR |
Last 3 years |
|
Business Proof |
Registration certificate, license |
|
Financial Statements |
Audited P&L and Balance Sheet |
|
Bank Statements |
Last 6-12 months |
● Sale deed or allotment letter
● Approved building plan
● Property tax receipts
● Encumbrance certificate
● NOC from builder/society
● Title verification documents
● Construction estimate (for construction loans)
EMI estimates for different loan amounts:
|
Loan Amount |
Tenure |
Interest Rate |
Monthly EMI |
|
₹10,00,000 |
10 years |
11.75% p.a. |
₹13,796 |
|
₹10,00,000 |
15 years |
11.75% p.a. |
₹11,655 |
|
₹10,00,000 |
20 years |
11.75% p.a. |
₹10,681 |
|
₹25,00,000 |
15 years |
11.75% p.a. |
₹29,138 |
|
₹25,00,000 |
20 years |
11.75% p.a. |
₹26,703 |
|
₹25,00,000 |
25 years |
11.75% p.a. |
₹25,537 |
|
₹40,00,000 |
20 years |
11.75% p.a. |
₹42,725 |
|
₹40,00,000 |
25 years |
11.75% p.a. |
₹40,860 |
|
₹50,00,000 |
20 years |
11.75% p.a. |
₹53,406 |
|
₹50,00,000 |
25 years |
11.75% p.a. |
₹51,075 |
|
Charge Type |
Amount |
|
Processing Fee |
Up to ₹5,000 |
|
Login Fee |
₹3,000 + GST |
|
Processing Fee (Alternative) |
1.50% + GST |
|
Insurance Charges |
1% - 4% |
|
Prepayment Charges |
Nil |
|
Foreclosure Charges |
Nil |
|
Legal Charges |
As per actuals |
|
Technical Valuation |
As applicable |
