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MRHFL Home Loan Financing

Mahindra Home Finance has been transforming lives since 2007 by providing affordable housing loans for construction, renovations, and home extensions. As the largest housing finance company serving rural India, we offer affordable home loans with small EMIs, the option to add joint earning members for larger loans, and no early repayment charges. We understand the complexities of home ownership and our loans cover independent houses, flats/apartments, and new build properties. Build your dream home with our stress-free loans, To know more visit Mahindra Home Finance.

Home Loan Features and Benefits

Accessible Home Loans

Easily access our Home Loans with our national network of door-to-door service of document collection and application processing.

Lending Approach

We cover up to 75% of the construction cost (excluding land) for a tenure of up to 20 years with no extra charges for early repayment.

Personalised APR

All customers can access our competitive interest rates. We even offer Fixed rates to non-salaried semi-urban & urban class.

Flexible Repayment Options

You can choose monthly, quarterly, half-yearly instalments and repay via multiple online & offline payment methods.

Documentation Assistance

We offer documentation assistance for smooth processing and can help you mutate or obtain updated land records.

Home Loan EMI Calculator

Calculating your EMI has never been easier. Use the Home Loan EMI Calculator here to view an instant summary of your EMI repayments. Unlock the door to your dream home faster!
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Select Your Loan Type

1L 1Cr
6% 26%
12 60
Total Amount Payable

  • Principal Amount

  • Total Amount

Monthly EMI

Frequently Asked Questions (FAQs)

Get all the answers to your top Home Loans FAQs with Mahindra Finance

What types of houses are 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.

How to Apply for a Home Loan

Our Home Loan application process is easy and gives you a quick turnaround. Once you have matched the eligibility criteria on our online portal, follow the four steps mentioned below and easily secure your home loan. Interest in the home loan can be logged online or at your nearest branch. Follow the steps below to register your interest online.

Step 1: Fill in your contact details

Start by simply submitting your Name and Number on the form.

Step 2: Get a Call Back

A Mahindra Finance executive will contact you for additional details.

Step 3: Document Verification & Approval

We request supporting documents for eligibility check and verification.

Step 4: Successful Disbursal

Once verified and approved, your loan funds are sanctioned immediately.

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Home Loan Eligibility & Documents

To be eligible for the loan, your future or existing home must be located within our serviceable area. MRHFL considers various factors such as applicant/co-applicant income, age, employment stability, savings, family background, assets and liabilities, and more.

KYC Documents - Aadhaar/PAN card, passport, driving license, voter’s ID

Property Documents - Agreement of sale, ownership deed, house tax receipt, Power of attorney

Application form, photocopies of all documents and 2 recent passport-sized photographs

Disclaimer: MMFSL reserves the right to approve/disapprove the loan after the submission of documents.

Interest and Charges

Attractive Interest Rates based on your eligibility*

Interest Rates

Charged based on product-specific, document, and stamp fees based on the prevailing rates set by the statutory authority and the location of the contract execution.


Read Blogs about Home Loans

Stay up-to-date with the latest financial trends and expert insights on Home Loans with our blogs.

Knock. Knock. Your new home is waiting for you. Get a low interest Mahindra Finance Home Loan today!