GET READY TO BUILD YOUR OWN HOME
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.
Get self construction loan amounts varying from Rs 2 lakh to Rs 40 lakh from Muthoot Housing.
The maximum loan you are eligible for is 80% of the value of your property
Choose from our flexible tenures up to 20 years.
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.
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.
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.
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).
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.