Motilal Oswal Housing Finance Home Loan
Motilal Oswal Housing Finance Home Loan
Motilal Oswal Housing Finance Limited (MOHFL) is an emerging Non-Banking Financial Company registered with the National Housing Bank (NHB), with a strong presence across 12 major states in Southern, Western and North-Central India. Its home loan rate of interest starts at 11.75% p.a., with a nominal processing fee of up to Rs. 5,000. The maximum repayment tenure is up to 25 years for salaried applicants and up to 20 years for self-employed applicants, across schemes to purchase, extend, improve or construct a home with minimum documentation.
Motilal Oswal Housing Finance Home Loan
Strong Presence Across 12 States
MOHFL lends widely across Southern, Western and North-Central India, and we help you find the right branch.
Salaried or Self-Employed, Both Covered
MOHFL lends to both profiles, and we match you to the scheme that suits your income type.
Minimum Documentation
MOHFL keeps paperwork light, and we make sure what you do submit is right the first time.
One Relationship Manager, Start to Finish
A dedicated BASIC expert handles your file end to end, not a rotating call centre.
Motilal Oswal Housing Finance 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
Motilal Oswal Housing Finance Home Loan Key Highlights
Get the lowest interest rates with Motilal Oswal Housing Finance
Loan Amount: Up to Rs. 40 lakh
Rate of Interest: 11.75% per annum onwards
Processing Fee: Up to Rs. 5,000
Maximum Tenure for Repayment: 25 years for salaried applicants and 20 years for self-employed applicants
Rate Packages: Fixed / Floating
Charges for Prepayment/Foreclosure: Up to 4% + GST
Motilal Oswal Housing Finance Home Loan Interest Rates in 2026
Motilal Oswal Housing Finance interest rates start at 11.75% per annum. Whether the applicant wants to purchase or construct a house, or renovate or extend an existing home, a suitable home loan is available at MOHFL with minimum documentation. The table below sets out the interest rates for 2026 across the schemes offered:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Home Purchase Loan | Salaried: 11.75% - 16.00% p.a. | Self-employed: 12.75% - 17.00% p.a. |
| Home Construction Loan | Salaried: 11.75% - 16.00% p.a. | Self-employed: 12.75% - 17.00% p.a. |
| Home Improvement Loan | Salaried: 11.75% - 16.00% p.a. | Self-employed: 12.75% - 17.00% p.a. |
| Home Extension Loan | Salaried: 11.75% - 16.00% p.a. | Self-employed: 12.75% - 17.00% p.a. |
| Balance Transfer Home Loan | Salaried: 11.75% - 16.00% p.a. | Self-employed: 12.75% - 17.00% p.a. |
| PMAY Home Loan | Salaried: 11.75% - 16.00% p.a. | Self-employed: 12.75% - 17.00% p.a. |
Motilal Oswal Housing Finance Home Loan Eligibility Criteria
Motilal Oswal Housing Finance grants home loans to eligible applicants, who can be either salaried or self-employed individuals. Besides employment status, the NBFC takes several other general factors into consideration. The table below sets out the eligibility criteria:
For Salaried Individuals
Age Range (in years)
21-70 years
Nationality
Indian residents
For Self-Employed Individuals
Age Range (in years)
21-70 years
Nationality
Indian residents
Motilal Oswal Housing Finance Processing Fee and Charges
Motilal Oswal Housing Finance charges a processing fee of up to Rs. 5,000 to process home loan applications, which helps the NBFC recover its operational costs. Besides the processing fee, MOHFL levies some other charges. The table below sets them out:
| Processing Fee | Up to Rs. 5,000 |
| Document Retrieval Charges | Rs. 1,500 |
| Late Payment Charges | 24% p.a. |
| Technical Visit Fee | First disbursement visit: free; subsequent visits: Rs. 750 |
| Cancellation and Re-issuance of Disbursement Cheque | Rs. 1,000 |
| Collection Visit Fee | First visit: Rs. 250; subsequent visits in the same month: Rs. 250 over the last visit charge |
| Sanction Revalidation Fee | Rs. 1,500 |
| Prepayment / Foreclosure Charges | Up to 4% + GST |
| Foreclosure Statement Charges | Rs. 2,000 + GST (18%) = Rs. 2,360 |
| CERSAI Charges | Loans up to Rs. 5 lakh: Rs. 50; loans above Rs. 5 lakh: Rs. 100 |
| Cheque Dishonour Fee | Rs. 500 |
Motilal Oswal Housing Finance Home Loan Schemes and Top Plans
Motilal Oswal Housing Finance Ltd. offers a wide range of housing loan schemes for eligible applicants in India, with repayment periods of up to 25 years. Here are the main features of the popular schemes:
- Best suited to buying a new home
- Loan amount ranges between Rs. 5 lakh and Rs. 40 lakh
- Maximum tenure of 5 to 25 years for salaried applicants and 5 to 20 years for self-employed applicants
- Ideal for constructing a residential home in a non-agricultural area
- Maximum loan amount of up to Rs. 40 lakh
- Loan-to-value ratio of up to 85% of the construction cost
- Suitable for improving a home through painting, flooring, roofing and similar work
- Loan amount of Rs. 5 lakh or up to 85% of the cost of improvement, whichever is lower
- Maximum tenure ranges between 5 and 10 years
- For extending an existing home by adding an extra floor or room
- Loan amount ranges between Rs. 5 lakh and Rs. 25 lakh
- Loan-to-value ratio of up to 85% of the construction cost
- Flexible way to transfer an outstanding loan amount from another lender to MOHFL
- Lower interest rates
- Loan amount of up to Rs. 40 lakh
- Affordable housing loan scheme for EWS, LIG and MIG sections of society
- Subsidy benefits of up to Rs. 2.67 lakh
- Maximum repayment period of up to 20 years
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Motilal Oswal Housing Finance, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Motilal Oswal Housing Finance Home Loan
The list of documents required for a Motilal Oswal home loan is shared below so an incomplete submission does not hold up your approval. Requirements vary slightly between salaried and self-employed applicants.
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply for a Motilal Oswal Housing Finance Home Loan Through BASIC Home Loan
The easiest way to apply for a Motilal Oswal home loan is online, by following the steps below:
Apply Now on the BASIC Website
Head to the APPLY NOW section on the BASIC Home Loan website.
Share Your Requirement
Enter your name, contact number, loan amount and pincode, then submit the form.
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A BASIC Home Loan expert checks your eligibility and assists you in applying for an MOHFL home loan.
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