Processing fees (Non-refundable)

Up to Rs. 10,000 /- (Rupees Ten Thousand only). Non-refundable login/application fees must be paid by the borrower for the purpose of availing the loan. This fee is non-refundable, irrespective of the loan processing outcome. In the event of rejection or cancellation or withdrawal of loan application due to any reason, any paid Login /Application fee will be forfeited, and any unpaid Login /Application fee will be collected.

Admin Fees

Rs. /- (Rupees ) Subject to max 3.00% of the loan amount. Admin fees must be paid by the borrower for the purpose appraisal and processing of loan. This fee is non-refundable, irrespective of the loan processing outcome. In the event of rejection or cancellation or withdrawal of loan application due to any reason , any paid Admin fees will be forfeited, and any unpaid Admin fees will be collected.

Cheque / ECS / NACH Dishonour Charges per Transaction
Cheque Swapping Charge

Rs. 750/- (Rupees Seven Hundred Fifty Only)

Document Retrieval Charges (Photocopy)

Rs. 1,500/- (Rupees One Thousand Five Hundred only)

Late Payment Charges after Due date, subject to change from time to time on sole-discretion  of MOHFL

2.5% per month calculated on total overdue PEMI /EMI for the number of days overdue post the due date of instalment i.e. 30% annualised.

Non-compliance of Terms and Conditions

Non-compliance of any terms and conditions of the Home Loan / Non-Home Loan contract inclusive but not limited to the following, shall attract the charges stated below, which are subject to change from time to time as per the sole discretion of MOHFL,as stated below: 

a.  Three times consecutive bounce of EMI/ PEMI
b.  Non-compliance / non-submission of any condition/document as mentioned in the sanction letter/disbursal request letter accepted by the borrower(s) within agreed time from the date of first disbursement time from the date of first disbursement.
c.  Non-submission of any Post Disbursal Documents with regards to the title of security within 60 days from the date of first disbursement.
d.  Where the loan is partly disbursed and is not drawn down within 12 months from the date of its last disbursement 

• MOHFL may levy monthly penal charges of Rs. 10,000/- (Ten thousand rupees only) till the terms & conditions are not complied in full or to the satisfaction of MOHFL. The levy of the same is on the sole discretion of the MOHFL.
• The borrower is liable to pay the same as and when demanded by MOHFL or its representatives.

Charges for SOA, FCL, LOD or Duplicate NOC

Rs. 2,000/- (Rupees Two Thousand Only) For each document mentioned alongside.

Request for foreclosure letter/payment received between 26th day to last day of the month shall be processed after 3rd dayof next month. Similarly, request for foreclosure letter/payment received between 1st day to 3rd day of the month shall be processed after 3rd day of the same month.

Document Handling Charges (Original)

Rs. 2000/ (Rupees Two Thousand Only)

One Time charges occurred at the time of Closure

CERSAI Charges

CERSAI Creation: Loan Amount up to Rs. 5.00 Lakh: Rs. 50/- (Rupees Fifty Only) and Loan Amount more than Rs. 5.00 Lakh: Rs. 100/- (Rupees One Hundred Only)
CERSAI Modification: Same as above
CERSAI Satisfaction : Nil

One Time Charges occurred at the time of Disbursement

Sanction Revalidation Charges (after sanction validity expiry date)

Rs. 1500/-(Rupees One Thousand Five Hundred Only)

Legal Scrutiny Report & Technical Report/Visit Charges

1.    First Legal Scrutiny Report – Free
2.    Second/more times Legal Scrutiny Report - Rs. 2000/- (Rupees Two Thousand Only) for each for each Report.
3.    First Technical Report/Visit-Free
4.    Second/more times Technical Report/visit -Rs. 2000/- (Rupees Two Thousand Only) for each Report/Visit.
5.    Subsequent Technical Visit/ Report for partly disbursed cases - Rs. 750/- (Rupees Seven Hundred Fifty only)

Collection Visit Charges

Charges for personal visit - collection in case of overdue account (In a month) First visit: Rs. 250/- (Rupees Two Hundred and Fifty only).
Every subsequent visit in the same month will attract an additional of Rs.250/- (Rupees Two Hundred and Fifty only) over and above the previous visit charges. i.e. for second visit Rs.500/- and for third visit Rs.750/-  and so on. 

Disbursement Cheque Cancelation & Re-issuance

Rs. 1000/- (Rupees One Thousand Only)

Fee Refund Norms

In the event of loan being rejected by MOHFL post sanction or disbursement for any specified reasons or in the event of applicant withdrawing his/her/their application himself/herself/themselves, the collected EMI/PEMI amount will be refunded after deduction of Processing/Admin fees, if any pending.

Prepayment/pre-closure charges & norms

ROI Conversion Charges

1.The borrower shall be allowed to switch, once in a financial year, from variable/floating rate to fixed rate or fixed rate of interest to variable/floating rate after paying following switching charges
2.The borrower shall have the option to switch from prevailing rate of interest type to the new rate of interest type by paying a switching charge of up to 3% of Principal Outstanding as on the day of conversion plus applicable statutory taxes. The above is on sole-discretion of MOHFL.
3.The conversion of ROI type is on sole-discretion of MOHFL and as per prevailing pricing policy/ rate grid of floating / fixed ROI from time to time.

Legal Charges in case of delay in repayment

In event of delay in payment of EMI or PEMI, the borrower shall be liable to pay legal charges such as legal fees, court fees etc. as well, incurred by MOHFL for such delayed payment.

Commitment Charges

MOHFL allocates the disbursement amount as per accepted sanction terms, enabling borrower to avail the funds within 30 days from the date of disbursement without any charge, subject to fulfilment of pre-disbursement conditions. If the funds are not availed within 30 days from the date of disbursement, MOHFL may levy commitment charges as detailed in the table below:

SMA And NPA Classification

In case of delay in payment of EMI, the lender will classify the borrower account immediately as Special Mention Account ('SMA') / Non-Performing Asset ('NPA') at the day end of due date of calendar date.
Example: If due date of EMI of a loan account is March 31, 2023, and full dues are not received before the lender runs the day-end process for this date, the date of overdue shall be March 31, 2023. If it continues to remain overdue, then this account shall get reported as SMA-1 upon running day-end process on April 30, 2023 i.e. upon completion of 30 days of being continuously overdue. Accordingly, the date of SMA-1 classification for that account shall be April 30, 2023.
Similarly, if the account continues to remain overdue, it shall get reported as SMA-2 upon running day-end process on May 30, 2023 and if continues to remain overdue further, it shall get classified as NPA upon running day-end process on June 29, 2023.

Other Norms

In case of funding against the Plot purchase or Plot + Construction, if borrower does not complete the construction of the house on the plot within stipulated timeline as per the Sanction Letter/Loan Agreement or Regulatory Guidelines, the loan shall be converted to Non-Home Loan and may attract the Non-Home Loan rate of interest prevailing from time to time, i.e. floating / semi fixed / fixed based on the company's prevailing rate of interest policy/ norms.

Preferred Payment Mode

In case of part payments, online payment mode using the MO Parivaar App will be recommended.

Rate of Interest

In case the ROI offered is semi fixed for particular period / years from the date of first disbursement and it is linked to RPLR at the time of availing the disbursement then after completion of the stated period the ROI will be converted to Variable Rate of Interest and linked to the RPLR prevailing at that time. However the Spread offered at the initial disbursement will remain constant during the tenor of loan.
In Variable/ Floating Rate of Interest loans any change in RPLR shall result in equivalent change in the applicable Rate of Interest
The change in effective Rate of Interest impacts the balance tenure of the loan or the EMI amount or any combination thereof.

Options available with borrower at reset of interest rate

a.  Enhancement in EMI
b.  Elongation of tenor
c.  Enhancement in EMI and elongation of tenor
d.  To prepay loan in full at any point of time during tenure of loan
e.  To prepay loan in part at any point of time during tenure of loan Switch from variable/floating rate to fixed rate or vice versa

Procedure to obtain following including timeline therefore

i.Loan Account Statement - A quarterly statement is sent via SMS with a secure Bit-ly link for direct download. Customers can access the 'MOHF Parivaar Mobile App' or visit the nearest MOHFL branch to request the statement by paying Rs. 2000/- plus applicable taxes, with availability by T+1 upon successful payment. Customers can email hfquery@motilaloswal.com for the statement, following the same payment process and timeline.
ii.Photo copy of Loan Documents - The photocopies of loan documents and property papers can be obtained on request by paying Document Retrieval Charges as mentioned in Key Fact Statement. To initiate a request,the borrower can send email on: hfquery@motilaloswal.com, or call on: Customer Care at 8291889898, or visit the nearest MOHFL branch.
Upon successful payment, the soft copy will be sent to borrower's registered email address, or physical photocopies will be dispatched to the registered communication address via courier or registered post. The borrower may also choose to collect the photocopies from the nearest MOHFL branch by specifying this preference in their request.
iii. Prepayment and return of original documents on closure/transfer of loan. Kindly click here for more details :