USE YOUR ASSET TO ACHIEVE DREAMS
In a time of need, utilise your most valuable asset-your home to get quick and hassle-free funding from Muthoot Housing Finance Company Limited.
Muthoot Housing offers loan amount for achieving dreams varying from Rs 3 lakhs to Rs 10 lakhs.
Our loans against property are available for a maximum tenure of up to 10 years.
You can get a maximum of 50% of the value of your property as the loan amount.
The property remains mortgaged until full repayment of the loan.
Use our free and easy to use installment calculator to calculate your home loan installments.
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.
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.
When applying for a home loan, you will be required to submit Government-approved address and identity proof documents. Also ensure you have the bank/ITR statements and ownership documents (if applicable).
Add a co-applicant to your application for home loans against property. Our customer care executives help you fill the loan application and complete the process.
The amount of loan that you can get against a property depends on:
The following charges and fees are involved when availing a loan against property in India from Muthoot Fincorp: