Home Construction Loan
Our Home Construction Loan is perfectly suited to your needs; giving tailored and flexible finance to put building blocks to your dream home. The loan is disbursed as per the stage of construction, giving you the flexibility to contribute your share too in parts. MOHFL Home Construction Loan is extended to construct residential premises either from a contractor or contractual builder on a freehold owned plot of non-agricultural land as per plan approved by the local authority.
Eligibility
Loans covering up to
of the construction 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.
