Manappuram Home Finance Limited

Manappuram Home Finance Ltd (MAHOFIN) came into existence to serve the ordinary people by facilitating the flow of resources at reasonable rates, thereby enabling ownership of “Affordable Housing”. The company aspires to be nations preferred financial intermediary, affording fulfilment of common man’s aspirations.

Home Loan for Purchase of New house/ construction of new house

Who can apply?

  • Home loan for purchase of new house/ construction of new house can be availed in individual or joint capacity. All owners/ proposed owners of the property will have to be co-applicants. (All applicants to be Indian Residents. NRIs, PIOs will not be eligible.)

What will be the Term of the loan?

  • Maximum period for repayment of loan shall be up to 240 months depending upon customer's profile, age of customer at time of maturity of loan and age of property at the time of maturity of loan.

What is maximum loan possible?

  • Applicants can avail maximum loan of up to 80% of market value of the property being acquired or of the cost whichever is lower, subject to individual eligibility as assessed by MAHOFIN.

What will be the Rate of Interest?

  • The Rate of Interest ranges from 13% to 14.5% per annum

Home Loan - Resale purchase of house

Who can apply?
  • Home loan for resale purchase of house can be availed in individual or joint capacity. All owners/ proposed owners of the property will have to be - applicants (All applicants to be Indian Residents. NRIs, PIOs will not be eligible).
What will be the Term of the loan?
  • Maximum period for repayment of loan shall be up to 240 months depending upon customer's profile, age of customer at time of maturity of loan and age of property at the time of maturity of loan.

What is maximum loan possible?

  • Applicants can avail maximum loan of up to 80% of market value of the property being acquired or of the cost whichever is lower, subject to individual eligibility as assessed by MAHOFIN.

What will be the Rate of Interest?

  • The Rate of Interest ranges from 13% to 14.5% per annum

Home Loan - Balance Transfer

Who can apply?

  • Home loan for balance transfer can be availed in individual or joint capacity. All owners/ proposed owners of the property will have to be co-applicants(All applicants to be Indian Residents. NRIs, PIOs will not be eligible).

What will be the Term of the loan?

  • Maximum period for repayment of loan shall be up to 240 months depending upon customer's profile, age of customer at time of maturity of loan and age of property at the time of maturity of loan.

What is maximum loan possible?

  • Applicants can avail maximum loan of up to 80% of market value of the property being acquired or of the cost whichever is lower, subject to individual eligibility as assessed by MAHOFIN.

What will be the Rate of Interest?

  • The Rate of Interest ranges from 13% to 14.5% per annum

Loan against Property

Who can apply?

  • LAP Loan for loan against property can be availed in individual or joint capacity. All owners/ proposed owners of the property will have to be co-applicants (All applicants to be Indian Residents. NRIs, PIOs will not be eligible).

What will be the Term of the loan?

  • Maximum period for repayment of loan shall be up to 144 months depending upon customer's profile, age of customer at time of maturity of loan and age of property at the time of maturity of loan.

What is maximum loan possible?

  • Applicants can avail maximum loan of up to 50% of market value of the property being acquired or of the cost whichever is lower, subject to individual eligibility as assessed by MAHOFIN.

What will be the Rate of Interest?

  • The Rate of Interest ranges from 15.50% to 22%per annum

Home Loan - Home extension Loan

You can use this loan to extend an existing house by adding an extra room/floor etc

Who can apply?

  • Home loan for home extension can be availed in individual or joint capacity. All owners/ proposed owners of the property will have to be co-applicants (All applicants to be Indian Residents, NRIs, PIOs will not be eligible).

What will be the Term of the loan?

  • Maximum period for repayment of loan shall be up to 240 months depending upon customer's profile, age of customer at time of maturity of loan and age of property at the time of maturity of loan.

What is maximum loan possible?

  • Applicants can avail maximum loan of up to 80 % of market value of the property being acquired or of the cost whichever is lower, subject to individual eligibility as assessed by MAHOFIN.

What will be the Rate of Interest?

  • The Rate of Interest ranges from 13.50% to 16%per annum

Home Loan - Home Improvement Loan

You can use this loan for painting, re-wiring, re-plastering purpose.

Who can apply?

  • Home loan for Home Improvement Loan can be availed in individual or joint capacity. All owners/ proposed owners of the property will have to be co-applicants (All applicants to be Indian Residents. NRIs, PIOs will not be eligible).

What will be the Term of the loan?

  • Maximum period for repayment of loan shall be up to 240 months depending upon customer's profile, age of customer at time of maturity of loan and age of property at the time of maturity of loan.

What is maximum loan possible?

  • Applicants can avail maximum loan of up to 80 % of market value of the property being acquired or of the cost whichever is lower, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
  • The Rate of Interest ranges from 14.50% to 18% per annum

Composite Loan - (Plot + Construction)

Who can apply?
  • Composite Loan for (Plot + Construction) can be availed in individual or joint capacity.All owners/ proposed owners of the property will have to be co-applicants (All applicants to be Indian Residents. NRIs, PIOs will not be eligible).
What will be the Term of the loan?
  • Maximum period for repayment of loan shall be up to 240 months depending upon customer's profile, age of customer at time of maturity of loan and age of property at the time of maturity of loan.
What is maximum loan possible?
  • Applicants can avail maximum loan of up to 80% of market value of the Plot and 100% of the Construction Cost subject to overall 80% of the Market Value (Plot plus Construction) subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
  • The Rate of Interest ranges from 13% to 14.50% per annum

Commercial Property - Purchase/ LAP

Who can apply?
  • Commercial Purchase Loan/LAP can be availed in individual or joint capacity. All owners/ proposed owners of the property will have to be co-applicants (All applicants to be Indian Residents. NRIs, PIOs will not be eligible).
  • Non-Individuals like partnership firms, companies are not eligible.
What will be the Term of the loan?
  • Maximum period for repayment of loan shall be up to 144 months depending upon customer's profile, age of customer at time of maturity of loan and age of property at the time of maturity of loan.
What is maximum loan possible?
  • Applicants can avail maximum loan of up to 50% of market value of the property being acquired or of the cost whichever is lower, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
  • The Rate of Interest ranges from 15.50% to 22% per annum
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