Loading...
Please wait while we prepare your content
Loading...
Please wait while we prepare your content
Loading...
Please wait while we prepare your content
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 |
Home Loan Reviews
