Mahindra Home Loan Interest Rate
Mahindra Home Loan Interest Rate
Mahindra Home Finance is a wide network offering door-to-door service for document collection and home loan application processing. The first offers fixed-rate plans to non-salaried applicants in urban as well as semi-urban classes. The lowest Mahindra Home Finance home loan interest rate starts at 8.50% per annum. We urge you to proceed further and understand the Mahindra Home loan interest rate 2025 for different categories by looking at the tables displayed below:
Mahindra Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Mahindra Home Finance Home Loan Key Highlights
Amount of Loan
Up to 75% of the construction cost (excluding the cost of the land)
Rate of Interest
8.75% p.a. onwards
Processing Fees
1.25% to 2.25%
Max Tenure for Loan Repayment
30 years
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Salaried Applicants | Bank Salaried: 8.50% per annum onwardsCash Salaried: 12.50% per annum onwards |
| Self-Employed Applicants | 9.00% per annum onwards |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Repo Linked Lending Rate (RLLR)
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loan | 8.50% per annum onwards |
Mahindra New Purchase Home Loan Interest Rates
| Loan Slab | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loans | 8.50% per annum onwards |
Top-Up Loans Interest Rates
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| Top-Up for Existing Customers | 8.50% per annum onwards |
Interest rates were last updated on 15th July 2025
Mahindra Home Loan Interest Rates for All Schemes in India
Not everyone wants a home loan to buy a home; some are interested in getting financial help just to renovate an already existing home. Mahindra Home Finance Ltd. doesn't disappoint anyone and offers all types of housing loan schemes. The table below will now acquaint you with the different home loan schemes available at Mahindra Home Finance Ltd.
| Rates of Interest for Each Plan | Rates of Interest for Each Plan |
|---|---|
| Mahindra Construction Home Loan | 8.50% per annum onwards |
| Mahindra Renovation Home Loan | 8.50% per annum onwards |
| Mahindra Extension Home Loan | 8.50% per annum onwards |
| Mahindra New Purchase Home Loan | 8.50% per annum onwards |
| Mahindra Balance Transfer Home Loan | 8.50% per annum onwards |
| Mahindra Top-Up Home Loan | 8.50% per annum onwards |
Mahindra Home Loan Interest Rates for Balance Transfer, Top Up and Overdraft
Customers can club home loans with three types of exciting facilities offered by Mahindra Home Finance. We are now describing these three home loan facilities for your reference:
Mahindra Home Finance Home Loan Top-Up
Do not miss out on the benefit of getting a top-up on the basic loan amount with Mahindra Top-Up Home Loans. It allows the customers to flexibly get more funds other than the loan amount without wasting time on filling out new documents. The Mahindra Home Finance home loan top-up interest rate starts at 8.50% per annum.
Mahindra Home Finance Home Loan Overdraft Option
The Mahindra overdraft facility is the third interesting home loan facility that comes from the house of MHFL. It is the easiest way to get more money for financial requirements apart from the loan amount without facing the hassles of reapplying for another loan. The Mahindra Home Finance overdraft facility starts at 8.50% per annum and can be availed by self-employed and salaried people.
Mahindra Home Finance Home Loan EMI Calculation 2025
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 8.50% p.a. | Rs. 12,399 | Rs. 8,678 | Rs. 7,689 |
| Rs. 20 lakh | 8.50% p.a. | Rs. 24,797 | Rs. 17,356 | Rs. 15,378 |
| Rs. 30 lakh | 8.50% p.a. | Rs. 37,196 | Rs. 26,035 | Rs. 23,067 |
| Rs. 40 lakh | 8.50% p.a. | Rs. 49,594 | Rs. 34,713 | Rs. 30,757 |
| Rs. 50 lakh | 8.50% p.a. | Rs. 61,993 | Rs. 43,391 | Rs. 38,446 |
| Rs. 60 lakh | 8.50% p.a. | Rs. 74,391 | Rs. 52,069 | Rs. 46,135 |
| Rs. 70 lakh | 8.50% p.a. | Rs. 86,790 | Rs. 60,748 | Rs. 53,824 |
| Rs. 80 lakh | 8.50% p.a. | Rs. 99,189 | Rs. 69,426 | Rs. 61,513 |
| Rs. 90 lakh | 8.50% p.a. | Rs. 1,11,587 | Rs. 78,104 | Rs. 69,202 |
| Rs. 1 crore | 8.50% p.a. | Rs. 1,23,986 | Rs. 86,782 | Rs. 76,891 |
Disclaimer:
The table displayed above revealed monthly EMI payable at an interest rate of 8.50% p.a. offered by Mahindra Home Finance. These EMI figures may vary from lender to lender, so please verify the same before applying for a home loan.
How to Calculate Mahindra Home Loan Interest Rates?
We understand you might be concerned about how to calculate the interest rate or what monthly EMI you will be expected to pay on a Mahindra home loan. So, we suggest you use the online EMI calculator available at EMI. Here is your chance to understand the monthly EMI payable for different tenures, including 10, 20, and 30 years, through the given table:
Compare Mahindra Home Loan Interest Rate with Top Banks
Mahindra Home Finance offers affordable home loans, but having said that, if you are still unsure and want to be 100% satisfied with your decision to choose this company as a home loan lender for yourself, then make some comparison. We are ready to help you in this regard by showing you a comparison table between Mahindra and the other 5 top banks and NBFCs in terms of rate of interest and processing fee:
Mahindra Home Finance Home Loan Balance Transfer
With its commitment to offering affordable housing loans to everyone, be it in urban or rural India, MHFL offers a flexible Mahindra Home Loan Balance Transfer. This scheme is designed solely to allow existing home loan borrowers to avail better home loan interest rates and benefits from MHFL.
At present, Mahindra Home Finance Balance Transfer interest rate starts at 8.50% per annum. However, it is subject to change at the discretion of the NBFC. You can easily switch to MHFL home loans through a balance transfer scheme by following these steps:
Access the Repay Right section on the official website of BASIC Home Loan - Repay Right
Proceed by filling out the details asked in the online form
Move on by clicking ‘Next’ to go to the next page
Check out the total savings you will make by opting for the Mahindra Home Finance Home Loan Balance Transfer option
The other way is to simply reach out to the BASIC Home Loan team for assistance in transferring your remaining loan amount to MHFL
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