Ownership

You can use the loan to purchase a completed property from its current owner.

Employment

We offer loans for buying a pre-owned flat or independent homes to Indian citizens, salaried or self-employed.

Age

You should be a minimum of 21 years when applying and 65 years at the time of maturity of your resale home loans.

Location of Property

The property you wish to purchase should be withing the geo-limit of an MHFL branch office.

Others

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.

Submit Documents

When applying for a resale, you will have to submit government approved address and identity proof documents. Bank/ITR statements and ownership documents (if applicable) are also necessary. Title Deeds including the previous chain of the property documents, Receipt/(s) of the initial payment made to the seller along with a copy of the agreement to sell, if executed, is required.

Apply for a Loan

You can apply for a loan with a co-applicant. Our customer care executives help you fill the loan application and complete the process.