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 :
Rs.5 Lakhs
Maximum :
Rs.40 Lakhs
*At the sole discretion of MOHFL
LOAN TENURE
Minimum :
5 Years
Maximum :
15 Years
Interest Rate
Customer Type | Interest Rate | RPLR Minus Spread | MOHL RPLR |
---|---|---|---|
Self Employed | 16.00% to 18.50% | 3.80% to 1.30% | 19.80% |
Salaried | 15.50% to 17.00% | 4.30% to 2.80% | 19.80% |
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.