Home loans for women, by women

MALA provides housing finance assistance and advisory services to low income women both salaried and self-employed for purchase / construction of affordable housing units. MALA is designed to offer loans starting from 2 lakhs to 12 lakhs to salaried working women in private companies, small scale industries, nursing and paramedic attendants, housekeeping staff, peons in schools/colleges, maid servants, cooks etc. and self-employed women running their own business: vegetable and fruit vendors, home-based business like weaving, agarbatti making, papad making, ready-made garment making, running small time kitchen, tailoring, laundry, tutoring, wedding contractors etc. This division runs on the motto: “of women, by women and for women”

Eligibility

Loan Amount

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

Loan Tenure

Minimum
5 Years
Maximum
20 Years
Interest Rate
Customer Type Interest Rate RPLR Minus Spread MOHF RPLR
Salaried & Self Employed 10.00% to 13.00% 8.20 % to 5.20 % 18.20%
* 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

Request a Call Back

top
calculator