Home loans are available from Motilal Oswal home finance starting at 11.75% p.a. for loan amounts up to Rs. 40 lakhs and for terms up to 25 years. Additionally, it provides you with a balance transfer option so you move your loan balance to Motilal Oswal Home Finance at a lower interest rate. Continue reading to learn more about Motilal Oswal Home Home Loan.
Get a home loan from NoBroker at a very effective interest rate. Search for affordable properties on NoBroker with exciting offers here.Can you get a Motilal Oswal home loan?
Motilal Oswal will compare the information you give to the data they already have on hand, including your bank balance, salary deposits put into your account, EMIs being withdrawn from your account, etc. Your Know Your Customer (KYC) documents will be used by them to cross-check and confirm your address and identity information. They may come to your house to verify your address and verify with your employer how long you've worked there. This guides you does Motilal Oswal provide home loan or not.
What is Motilal Oswal home loan interest rate?
Applicant Type |
Rate of Interest (P.A.) |
Salaried |
11.75%-16.00% |
Self-employed |
12.75%-17.00% |
What home loan programmes are offered by Motilal Oswal?
1) Loans for a Home Purchase
This loan is for the purchase of a new residential property that is being built on your property, is already built or is either already finished.
5 - 40 lakh rupees in loan amount
Age range for salaried: 5 to 25 Years
Self-employed: 5 to 20 Years
Processing Fee: Up to 5,000 rupees
2) Construction Loan
This loan is for building residential areas on a freehold property for non-agricultural usage from a developer or contracted builder.
Up to 40 lakhs in loan amount
LTV Ratio: 85% of the building cost
Processing Fee: Up to 5,000 rupees
Applicants who are salaried: 5 to 25 Years
For applicants who are self-employed: 5-20 Years
(Applicants who are salaried and older than 60 years old may have a longer tenure than 70 years old).
You are now aware of the Motilal Oswal home loan and the interest rate.
Read More: Which bank provides a home loan in Gram Panchayat? Which banks provide home loans under Pradhan Mantri Awas Yojana? Which banks provide non-recourse home loans in India?Your Feedback Matters! How was this Answer?
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Authors Of The Question
Does Motilal Oswal provide loan?
Sarita
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1 Answers
1 Year
2023-02-24T11:22:15+00:00 2023-03-02T14:32:51+00:00Comment
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