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Home Loan & Housing Finance

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Home Loan

It is because of Mahindra Finance that today, I am a proud owner of a house.

For as long as I can remember, I have always wanted to buy a house of my own. But given my situation, nobody was willing to trust me with a loan. At that time, I had a small fabrication workshop and...

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- Mr. Bhavinbhai Gadhiya, Rajkot

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Home Loan

From an empty plot of land to a blissful home - thank you Mahindra Finance.

I used to stay in a rented house but had a great piece of land where I always dreamt of building a nice little house. But I had no money. So I approached MRHFL...

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- Mr. Yogesh Kaushal, Dewas

*Images are for reference only. Actual customer images may vary.
  • Features & Benefits
  • Eligibility & Documentation
  • FAQs
  • Wide network across the country to ensure you have no trouble reaching us
  • Personalised documentation assistance for smooth processing
  • Flexible repayment options
  • Door-to-door servicing to ensure maximum convenience
  • Home Loan is available for various purposes – construction, renovation, improvement and purchase
  • Fixed and variable rates of interest subject to conditions


MRHFL will consider the applicant/co-applicant's:

  • Income
  • Age
  • Employment stability
  • Regularity and consistency of income
  • Savings
  • Family background
  • Assets and liabilities
  • Other factors that are likely to affect home loan repayment

Application process:

  • Preliminary application with photocopies of documents
  • Legal, technical and credit check
  • Documentation with originals
  • Disbursements


Home Loans

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What type of houses is financed by home loans?

Independent houses and flats/apartments of a permanent nature having a valid title are applicable. They need to have building approvals from civic authorities and also house properties which may be under construction or completed and ready to occupy.

What is the security required for home loans?

The security required for a loan would be an equitable or simple registered mortgage of the house being financed. The type of mortgage to be created will depend on the documents of title (ownership) being submitted/made available. After a preliminary examination of the papers submitted by an applicant, our legal officers will advise the type of mortgage that would be required.

What are the 'rate of interest' options for home loans?

Fixed for all customers other than salaried semi-urban class customers:

The rates will be fixed during the tenure of the loan and applicable as prevalent on the date of 1st disbursement, subject to revision every 3 years depending on the money market conditions.

Variable for salaried semi-urban and urban class customers:

The rates will fluctuate as per the money market conditions and will be notified from time to time.

How do I repay a home loan?

Based on your repayment capacity, the loan can be repaid in monthly, quarterly or half yearly equated instalments by way of EMI/ EQI/ EHI comprising of principal and interest.

Repayment of the loan can be made by cash /cheque /demand draft at any of MRHFLs offices. Repayment can also be made at collection centres approved by MRHFL.

Can I prepay the home loan ahead of schedule?

The loan can be paid ahead of schedule and MRHFL will not levy early redemption charges.

© 2018 Mahindra Finance

CIN - L65921MH1991PLC059642

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