MHFCL Home Loan comes with several benefits some of which are mentioned below:

• Our loans range from Rs. 3 lakh to Rs. 40 lakh
• We offer loan repayment tenures of up to 20 years
• You can get loans from us for up to 80% of your property value
• We cater to the housing requirement of customers in the middle and lower-income group
• We provide specialised home loans for the unorganised sector along with minimum income documentation to help people turn their dreams of owning a home into reality

Muthoot Housing offers loan repayment tenure upto 20 years for home loans in India. Loan values also range from 3 to 40 lakhs. The house you are purchasing is used as collateral, thus allowing for lower interest rate as compared to unsecured loans. Based on your income and comfort, you can opt for fixed or flexible repayment options.

Yes, as we offer flexible terms and conditions on our home loans giving you the flexibility to reduce the loan tenure. Please contact your nearest Muthoot Blue branch or call our customer care representative at 1800 102 1616 for more details.

If the home loan in India from Muthoot Housing was sanctioned at a floating or variable rate, you can foreclose it at no additional charges. In case a fixed-rate housing finance, foreclosure from own sources attracts no charge, though if you decide to refinance the loan, you will have to pay 3% to 5% of the amount outstanding as foreclosure charges.

We are bound by and follow KYC forms as per the regulator's guidelines. You will be required to furnish documents for age, income, and address. The list of documents is given below:

PROOF OF RESIDENCE

ATTESTED PHOTO COPY OF ANY ONE OF THE FOLLOWING:

• Passport
• Driving Licence
• Bank Account Statement
• Voter’s ID Card Documents Required
• Current Telephone / Electricity / Gas Bill / Water Bill / Property Tax

PROOF OF IDENTITY

ATTESTED PHOTO COPY OF ANY ONE OF THE FOLLOWING:

• Passport
• Driving Licence
• Aadhar Card (UIDAI)
• Letter confirming identity from a commercial bank
• Employee ID Card if issued by Central / State Government undertaking
• Voter’s ID Card
• Pan Card

Income Documents SALARIED INDIVIDUAL

• Salary Slip of last 3 months of Salary certificate issued by employer in absence of salary slip
• Bank Statement for the last 12 months
• ITR for last 2 years if available

Income Documents BUSINESS INDIVIDUAL

• Business ownership proof documents like license, rent agreement of shop etc.
• Income documents like purchase bills, sales bills, sales register etc.
• Bank statement for last 12 months
• ITR for last 2 years if available

A borrower benefits immensely from a home loan and we share the major ones with you:

• Owning a home is one of the biggest dreams of every individual irrespective of their age, income or location - and a home loan’s biggest benefit is that it helps the borrower fulfill this dream with easy installment options. They can buy a bigger home or a better locality with confidence.
• Another additional benefit for the borrower is that there is no need to spend lakhs of Rupees to buy and start living in a self-owned home. A home loan spreads the amount over several years, making it easy to repay the amount with interest.
• Most borrowers benefit from the fact that the EMI for a home loan is equal to or slightly higher than the amount they pay as monthly rent to their landlord. A loan gives them the freedom to enjoy their home without any interference from the landlord
• The price of a property will always increase with time and investing in one with a home loan will benefit the borrower.