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Loan Informations

ELIGIBILITY CRITERIA

  • Salaried, Self-employed Professionals and Business Class (Self Employed) are eligible to apply.
  • Click here to know your eligibility

LOAN AMOUNT

Loan Amount Maximum Loan to Value
Upto Rs. 30,00,000 90% of property value
From Rs. 30,00,001 to Rs. 50,00,000 80% of property value

* The property value shall be as per the evaluation by MHIL

INTEREST RATE

 

Affordable

Vanilla

Product / Purpose

Profile

Within Municipal limit with approved Plan: ROI%

Others: ROI %

Fee%

Within Municipal limit with approved Plan: ROI%

Fee%

Home Loan

Formal Salaried

11.25%

11.75%

1.50% + GST

10.00%

1.00% + GST

Informal Salaried

13.50%

14.00%

2.00% + GST

-

-

Formal SENP / SEP

12.50%

13.00%

2.00% + GST

10.50%

1.50% + GST

Informal SENP

13.50%

14.00%

2.00% + GST

-

-

Top-up Loans

1.25 % higher than the Existing ROI of Primary Loan.
Fee would be of LARP

1.25% higher than HL

1.50% + GST

LARP

Formal Salaried

14.50%

2.50% + GST

14.50%

2.50% + GST

Formal SEP / SENP

15.50%

2.50% + GST

15.50%

2.50% + GST

Informal SENP

16.50%

2.50% + GST

16.50%

2.50% + GST

Housing Loan ( During Quarter ended June 22)

Min (%)

Max(%)

Wt Avg(%)

Mean (%)

  

6.50%

14.00%

9.77%

9.91%

  
         

Non Housing Loan ( During Quarter ended June 22)

Min (%)

Max(%)

Wt Avg(%)

Mean (%)

  

10%

25%

13.68%

13.85%

 

DOCUMENTS

REPAYMENT

  • Equated Monthly Installments (EMI) through Automated Clearing House (ACH), an advanced version of ECS based on standing instructions to bank or salary deduction by employer or post- dated cheques drawn on borrower’s bank account.

TERMS AND CONDITIONS

  • Click here for the Most Important Terms and Conditions

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