Services

Mortgage Loan

Your Home, Our Support: Secure a Mortgage That Fits Your Goals.

Mortgage Loan

Our Schemes

  • Mahila Micro LAP
  • Exp LAP
  • Commercial Property LAP
  • Vyapar Plus

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.
  • LAP 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 2-7 years 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?

  • Applicants can avail maximum loan up to 40% of market value, subject to individual eligibility as assessed by MAHOFIN.
On application
  • Application Fee
  • 2500 plus applicable taxes
During the term of loan
  • Processing Fee
  • 2.5% 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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