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.
Loans covering up to
of the Home Extension cost
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 *
|Customer Type||Interest Rate||RPLR Minus Spread||MOHF RPLR|
|Salaried||11.25% to 14.50%||7.80 % to 4.30 %||18.80%|
|Self Employed||12.50% to 15.25%||6.80 % to 3.55 %||18.80%|
*RPLR - Retail Prime Lending Rate
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.