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Q.

How to get Home loan for Mhada property

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0 2021-08-09T19:10:10+00:00

The MHADA Scheme provides affordable housing to the residents of Maharashtra. Established under the MHADA, 1976, this scheme provides low-cost houses via a lottery system. The scheme caters to several income groups including the Economically Weaker Sections (EWS), High Income Group (HIG), Middle Income Group (MIG), and Low Income

Group (LIG).

Prices of Homes under the MHADA Scheme:
  • High Income Group (HIG): Rs. 80 lakh-5.8 crores.

  • Middle Income Group (MIG): Rs. 35-80 lakhs.

  • Low Income Group (LIG): Rs. 20-35 lakhs.

  • Economically weaker section (EWS): Rs. 15-20 lakhs.

Best Option to Get a Home Loan for MHADA Property:

Besides government schemes, another amazing option is to apply for a home loan through NoBroker, you can get maximum funding of up to 100% to buy your dream house. What I really like about NoBroker’s home loan process is that it is easy and quick with minimal documents required.

Simple Step-by-step Process to Get a Loan via NoBroker: Get a Home Loan to Buy Your Dream MHADA Property via NoBroker 
  1. Visit this link and check your home loan amount eligibility instantly

  2. Enter your contact details using the contact form

  3. Submit all necessary documents

  4. Choose from fantastic offers from our partner banks and get your home loan sanctioned hassle-free

Note:

Since you have registered a property under MHADA scheme, approval from banks for home loan will be even quicker and banks are likely to offer attractive rates of interest.

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