Loan Against Property

At MOHF, we understand that owning a property is the biggest asset one can create. With our Loan Against Property product, we give you the opportunity to leverage this asset to fulfil your financial needs.

Whether it is your child’s marriage or education, or working capital needed for your business growth, or any other emergency, our Loan Against Property will help you fulfil your specific needs.

Benefits
  • Higher loan amount can be availed
  • Lower interest rates as compared to a personal loan
  • Longer repayment tenure
  • Loan can be secured with lower credit score v/s personal loan
  • Continued ownership of your property during and after loan repayment

Eligibility

Loan Amount

Minimum
5 Lakhs
Maximum
12 Lakhs
* At the discretion of MOHF

Loan Tenure

Minimum
5 Years
Maximum
15 Years

Loan tenure may not be extended beyond the age of sixty (60) years in case of Salaried and Seventy (65) in case of self-employed customers at the time of loan maturity.

Interest Rate
Customer Type Interest Rate RPLR Minus Spread MOHF RPLR
Salaried 14.75% to 15.75% 4.05% to 3.05% 18.80%
Self Employed 14.75% to 17.25% 4.05% to 1.55% 18.80%
* RPLR - Retail Prime Lending Rate
Processing Fees
Sr. No. Fees / Charges Type Description
1. Non-refundable Processing fees: Up to Rs. 5,000 /- (Rupees Five Thousand only). Initial Processing Fee collected is onetime 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.
2. Total Processing/ Admin Fees (Inclusive of the non - refundable initial processing fee) Rs……………………(In Words…………………………………………………………………………………) 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 Ltd)

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