The loan is provided against existing self-occupied residential property. You can use the loan for expanding a business, asset acquisition, meeting education, marriage and other personal expenses, and debt consolidation.
We offer loans against property to Indian citizens, salaried or self-employed.
When applying for a home loan against property you should be at least 21 years of age. At the time of loan maturation, your age should be 65 years.
Location of Property
The property against which you are taking the loan should be within the geo-limit of an MHFL branch office.
You should have a bank account. All owners of the property being financed and all individuals whose income has been considered for the loan have to be co-applicants to the loan.