Services

House Purchase Loan

Homeownership Dreams Come True with Our House Purchase Loan.

House Purchase Loan

Our Schemes

  • Apna Ghar Purchase - Resale Purchase
  • Apna Ghar Purchase - Under Construction
  • Apna Ghar Purchase - Ready Property
  • HL Resale Purchase - Employee
  • HL Purchase - Employee
  • HL Resale Purchase - NRI
  • HL Purchase - NRI

What will be the Rate of Interest?

Strating from11% per annum *
* Conditions Apply

Who can apply?

  • All applicants to be Indian Residents. NRIs, PIOs will not be eligible.
  • Home loan can be availed in individual or joint capacity. All owners/ proposed owners of the property will have to be co-applicants.

What will be the Term of the loan?

  • Maximum period for repayment of loan shall be up to 240 months depending upon customer's profile, age of customer at time of maturity of loan and age of property at the time of maturity of loan.

What is maximum loan possible?

  • In case of Resale Purchase Plus Applicants can avail maximum loan up to 70% of Documented cost or market value whichever is lower, subject to individual eligibility as assessed by MAHOFIN
  • In case of Resale Purchase Applicants can avail maximum loan up to 75% of Documented cost or market value whichever is lower, subject to individual eligibility as assessed by MAHOFIN
  • Applicants can avail maximum loan up to 80% of Documented cost or market value whichever is lower, subject to individual eligibility as assessed by MAHOFIN.
On application
  • Application Fee
  • 2500 plus applicable taxes
During the term of loan
  • Processing Fee (Apna Ghar Purchase)
  • 2% plus Applicable Tax
  • Processing Fee (Apna Ghar Purchase Plus)
  • 2% plus Applicable Tax
  • Stamp Duty/Franking charges
  • Actual Plus Applicable Taxes
  • CERSAI Registry
  • Rs.500 Plus Applicable Taxes
  • Cheque/ECS swapping charges
  • Rs. 750 Plus Applicable Taxes
  • Security PDC retrieval Charges
  • Rs. 500 Plus Applicable Taxes
  • Copy of property documents
  • Rs.500 Plus Applicable Taxes
  • Statement of Account
  • Rs.500 Plus Applicable Taxes
  • List of Documents
  • Rs.1000 Plus Applicable Taxes
  • Collection picks up charges
  • Rs.500 Plus Applicable Taxes
  • Recovery Charges
  • Actual Plus Applicable Taxes
  • Conversion charges
  • 1% Plus Applicable Taxes
  • External Opinion
  • Actual Plus Applicable Taxes
  • Statutory / Regulatory Charges
  • Actual Plus Applicable Taxes
  • Charges on Part disbursement
  • Rs.1000 Plus Applicable Taxes
  • Part Payment
  • I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.

    ii.4% (plus applicable taxes) for prepayment made by borrowing from a Bank / HFC / NBFC / Financial Institution
On foreclosure
  • Full Prepayment
  • I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.

    ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
  • Loan Cancellation Charges
  • Rs. 3000 Plus Applicable Taxes
  • Foreclosure statement
  • Rs.500 Plus Applicable Taxes
Fee refundable if loan not sanctioned/disbursed
  • Fees Refundable
  • NA
Conversion charges for switching from floating to fixed interest and vice-versa
  • Switching Charges
  • NA
Penalty for delayed payments
  • Penal Charges
  • 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
  • Penal Charges (Cheque/ECS bounce Charges)
  • Rs.1200 Plus Applicable Taxes
Others
  • Duplicate No Dues Certificate
  • Rs.500 Plus Applicable Taxes
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