Making your dream home a reality

Motilal Oswal Home Loans offers loans for renovation of an existing space for a more comfortable environment and a better quality of living. This loan facilitates internal and external repairs and other structural improvements in existing home. Towards this end, the MOHF Home Improvement Loans would typically cover the following improvements: Tiling, Flooring, Roofing, Painting, Electrical work, Plumbing work, Furniture work, Waterproofing, and Grill work for windows.

Eligibility

Loan Amount

Cap of
85% of the estimated cost of improvement or Rs. 5 Lacs (whichever is lower)
* At the discretion of MOHF

Loan Tenure

Minimum
5 Years
Maximum
10 Years
Salaried
10 Years
Self-Employed

We offer loans covering the total cost towards home improvement with the cost estimates approved by a certified engineer / architect and verified by an MOHF valuer with a cap of 85% of the estimated cost of improvement.

Loan tenor 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

Interest Rate
Customer Type Interest Rate RPLR Minus Spread MOHF RPLR
Salaried 12.00% to 16.00% 6.50 % to 3.50 % 18.50%
Self Employed 12.00% to 16.00% 6.50 % to 3.50 % 18.50%
Self Employed / Non Professional 12.50% to 16.00% 6.50 % to 2.50 % 18.50%
* 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 Limited

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