The sheer joy of crafting your own home brick by brick can be yours now with MHFCL. Watch every room take shape as you imagined it to be.

Loan Amount

Get self construction loan amounts varying from Rs 2 lakh to Rs 50 lakh from Muthoot Housing.

Loan To Value (LTV)

The maximum loan you are eligible for is 80% of the value of your property


Choose from our flexible tenures up to 20 years.

Installment Calculator

Use our free and easy to use installment calculator to calculate your loan installments for home construction.


The property is mortgaged until full repayment of the loan.

Property Ownership

You should be owner of the property on which you want to construct a home. You can avail the loan to construct an extra room or floor on an existing property.


Indian citizens, both salaried or self-employed, can apply for a loan for home construction.


You need to be at least 21 years of age when applying for a home loan for self construction. You should be 65 years or less at the time of loan maturity.

Location of Property

Your property should be in a city with an MHFL office and lie within the branch’s geo-limits.


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.

Provide the Documents

You need to provide documents for identification and address proof. All Government approved documents are required. Please provide the bank/ITR statements and ownership documents (if applicable).

Complete the Loan Application Process

Make your spouse, child or parent with whom you are building the home, the co-applicant to your loan. The co-owner of the property should also be a co-applicant. Our customer care executives are always happy to help you correctly complete the loan application process.

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Frequently Asked Questions

At Muthoot Housing Finance Company Limited the self construction loan you qualify for will depend on a lot of factors including the value of your property and your repayment capacity. However, when looking for a loan for home construction with us you can get loan amounts starting from Rs. 2 lakh and up to Rs. 40 lakh.
Getting a home loan for self construction is very easy with us. All you have to do is get in touch with our customer care executive who will walk you through the entire process. You can call them at 1800-102-1616 or visit your nearest Muthoot Housing branch to get more details.
We only charge a nominal application and application processing fees for your loan for a house construction. Please get in touch with our customer care executive to know the details.
The repayment process of a home loan taken for self construction is simple. You pay a part of the principal amount and the interest applicable in equated monthly installments or EMIs. You can make cheque payments until your NACH facility is set up.
Yes, you can pre-pay the entire loan amount your have taken for constructing a property. Please get in touch with our customer care executives at 1800 102 1616 to know the details.
We offer flexible tenures to our customers for their self construction loan needs. Our tenures range from 3 to 20 years. Remember, the longer the tenure, the smaller is the EMI, making the loan more affordable and easy to repay.

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