Home Extension Loans
As time passes by, the requirements of your family change. Accordingly you may demand more from your current property and rightly so. You may aspire for a comfortable living for your growing family. For this you may need extra space in the existing property. We make it convenient to make this extension to your existing home. We provide loans to construct additional room/s or floor within the permissible building plan.
Eligibility
Loans covering up to
of the Home Extension cost
Maximum
Minimum
Maximum
Loan tenure may not be extended beyond the age of sixty (60) years in case of Salaried and Seventy (70) in case of self-employed customers at the time of loan maturity *
Range of Rate of Interest (ROI) of Loans disbursed during Quarter ended DEC 31,2025
| Product | Min ROI (%) p.a. | Max ROI (%) p.a. | Mean ROI (%) p.a. |
|---|---|---|---|
| Home Loan | 10.49% | 17.75% | 12.44% |
| Non Home Loan | 12.50% | 21.00% | 16.10% |
Note: Data pertains only to fresh disbursed cases for the quarter. Click here to view the APR Calculator.
| Customer Type | Interest Rate | RPLR Minus Spread | MOHF RPLR |
|---|---|---|---|
| Salaried | 12.00% to 15.75% | 8.30% to 4.55% | 20.30% |
| Self Employed | 13.25% to 15.75% | 7.05% to 4.55% | 20.30% |
*RPLR - Retail Prime Lending Rate
Approach for gradation of Risk: The risk premium will be decided on a case to case basis as decided by the MOHFL. The approach for gradation of risk is based on factors such as nature of loan, credit worthiness of the borrower, nature of security, nature of the Product, type of asset being financed, borrower profile, repayment capacity, borrower’s other financial commitments, past repayment, tenure of the loan, geography (location) of the borrower, end use of the loan as represented by the underlying asset etc. Such information is collated based on the borrowers input, credit bureau and field inspection by the MOHFL officials. While deciding the interest rate and other charges, the rate offered by the Competitors in the market would also be taken into consideration
Up to Rs.10,000 /- (Rupees Ten Thousand only). Non-refundable Fee collected is one-time non-refundable fee, and is collected for the purpose of processing the loan application of the borrowers and the same is independent of the outcome of such processing. The same is payable by way of Cheque / Demand Draft / Electronic mode of payment from borrowers bank account in favour of Motilal Oswal Home Finance Limited.
