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Types of Product


1) Apna Ghar Nirman [Home Loan - Purchase of New House/ Construction of New House]


Who can apply?
• Home 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 up to 80% of construction cost or estimate cost whichever is lower, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
• The Rate of Interest will range from 14.75% to 26% per annum for Apna Ghar Nirman
• The Rate of Interest will range from 11.75% to 26% per annum for Apna Ghar Nirman Plus
• The Rate of Interest will range from 12.75% to 26% per annum for Refinance Plus
• The Rate of Interest will range from 15.75% to 26% per annum for Refinance
SI No Fees and Other Charges Type of Fees/Charges Amount
1 i) On application Application Fee 2500 plus applicable taxes
2 ii) During the term of loan Processing Fee (Apna Ghar Nirman) Minimum 1% or 10000/  (plus Applicable Tax)- which ever is higher
Processing Fee (Apna Ghar Nirman Plus) Minimum 0.5% or 7500/-(plus Applicable Tax) which ever is higher
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

2) Apna Ghar Purchase [Home Loan - Resale Purchase of House]


Who can apply?
• Home 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 up to 80% of Documented cost or market value whichever is lower, subject to individual eligibility as assessed by MAHOFIN.
• In case of Resale Purchase Applicants can avail maximum loan up to 75% of Documented cost or market value whichever is lower, subject to individual eligibility as assessed by MAHOFIN
• In case of Resale Purchase Plus Applicants can avail maximum loan up to 70% of Documented cost or market value whichever is lower, subject to individual eligibility as assessed by MAHOFIN
What will be the Rate of Interest?
• The Rate of Interest will range from 14.75% to 26% per annum for Apna Ghar Purchase
• The Rate of Interest will range from 11.75% to 26% per annum for Apna Ghar Purchase Plus
• The Rate of Interest will range from 14.75% to 26% per annum for Resale Purchase
• The Rate of Interest will range from 11.75% to 26% per annum for Resale Purchase Plus
SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2500 plus applicable taxes
2 ii) During the term of loan Processing Fee (Apna Ghar Purchase) 2% plus Applicable Tax
Processing Fee (Apna Ghar Purchase Plus) 2% plus Applicable Tax
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full Prepayment I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

3) Home Loan - Balance Transfer


Who can apply?
• Home 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 up to 80% of market value, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
• The Rate of Interest will range from 11.75% to 26% per annum.
SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2500 plus applicable taxes
2 ii) During the term of loan Processing Fee 2% plus Applicable Tax
Transaction Charges Rs.1000 Plus Applicable Taxes
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

4) Vyapar Plus [Loan Against Property]


Who can apply?
• LAP 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 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 up to 50% of market value, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
• The Rate of Interest will range from 16.5% to 26% per annum.
SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2500 plus applicable taxes
2 ii) During the term of loan Processing Fee 2.5% plus Applicable Tax
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

5) MA Visthar [ 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 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 up to 80% of construction cost or estimated cost whichever is less, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
• The Rate of Interest will range from 16.25% to 26% per annum.
SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2500 plus applicable taxes
2 ii) During the term of loan Processing Fee 2% plus Applicable Tax
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

6) MA Unnathi [Home Loan - Home Improvement Loan]


You can use this loan for painting, re-wiring, re-plastering purpose.
Who can apply?
• Home 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 up to 80% of market value or estimated cost whichever is less, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
• The Rate of Interest will range from 18.25% to 26% per annum.
SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2500 plus applicable taxes
2 ii) During the term of loan Processing Fee 2% plus Applicable Tax
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

7) Commercial Property : Purchase/LAP


Who can apply?
• Home 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.
• 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 up to 70% of Document cost (Commercial purchase) or 50% of Market value (Commercial LAP) whichever is less, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
• The Rate of Interest will range from 18.5% to 26% per annum.
SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2500 plus applicable taxes
2 ii) During the term of loan Processing Fee 2.5% plus Applicable Tax
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

8) Micro Loan [Micro Home Loan]


Who can apply?
• Any woman applicant (Main Applicant). All owners of the property must be taken as co-applicant/s.
• 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 up to Rs. 7 Lacs with LTV of 40% of market value, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
• The Rate of Interest will range from 18.25% to 26% per annum.
SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2000 plus applicabe taxes
2 ii) During the term of loan Processing Fee Minimum 0.5% or 3000/-( plus Applicable Tax)  which ever is higher
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

9)Micro Express loan


Who can apply?
• Any woman applicant (Main Applicant). All owners of the property must be taken as co-applicant/s.
• 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 60 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 up to Rs. 7 Lacs with LTV of 40% of market value, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
• The Rate of Interest will range from 20.25% to 26% per annum.
       
SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2000 plus applicabe taxes
2 ii) During the term of loan Processing Fee Minimum 0.5% or 3000/-( plus Applicable Tax)  which ever is higher
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

10) Micro LAP


Who can apply?
• Any woman applicant (Main Applicant). All owners of the property must be taken as co-applicant/s.
• 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 96 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 up to Rs. 7 Lacs with LTV of 40% of market value, subject to individual eligibility as assessed by MAHOFIN.
What will be the Rate of Interest?
• The Rate of Interest will range from 19.5% to 26% per annum.

SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2000 plus applicabe taxes
2 ii) During the term of loan Processing Fee 3% plus or 4500/- ( Plus Applicable Tax) which ever is higher
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

11) FLEXI HOME LOAN


Who can apply?
• Home 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 for Home loan, 144 months for LAP and 120 months for Improvement loans 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 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 will range from 13% to 26% per annum.
SI No Fees and Other Charges Fee payment(Non-refundable) Amount
1 i) On application Application Fee 2500 plus applicable taxes
2 ii) During the term of loan Processing Fee 2.5% plus Applicable Tax  of Loan Amount Sanctioned for below 5 lakhs and 2% plus Applicable Tax of Loan Amount Sanctioned for above 5 lakhs
Stamp Duty/Franking charges Actual Plus Applicable Taxes
CERSAI Registry Rs.500 Plus Applicable Taxes
Cheque/ECS swapping charges Rs. 750 Plus Applicable Taxes
Security PDC retrieval Charges Rs. 500 Plus Applicable Taxes
Copy of property documents Rs.500 Plus Applicable Taxes
Statement of Account Rs.500 Plus Applicable Taxes
List of Documents Rs.1000 Plus Applicable Taxes
Collection picks up charges Rs.500 Plus Applicable Taxes
Recovery Charges Actual Plus Applicable Taxes
Conversion charges 1% Plus Applicable Taxes
External Opinion Actual Plus Applicable Taxes
Statutory / Regulatory Charges Actual Plus Applicable Taxes
Charges on Part disbursement Rs.1000 Plus Applicable Taxes
Part Payment I. NIL Charges for part prepayment of the loan up to 20% of the loan amount in a financial year from Own Fund. Part prepayment in excess of this limit will be subject to pre-payment charge of 4% of the amount prepaid plus applicable taxes.
ii.4% (plus applicable taxes) for prepayment
made by borrowing from a Bank / HFC
/ NBFC / Financial Institution
3 iii) On foreclosure Full
Prepayment
I. NIL Charges for full prepayment/Pre-closure of the loan from Own Fund.
ii. 4% (plus applicable taxes) for full prepayment/Pre-closure of the loan made by borrowing from a Bank / HFC/ NBFC / Financial Institution
Loan Cancellation Charges Rs. 3000 Plus Applicable Taxes
Foreclosure statement Rs.500 Plus Applicable Taxes
4 iv) Fee refundable if loan not sanctioned/disbursed Fees Refundable NA
5 v) Conversion charges for switching from floating to fixed interest and vice-versa Switching Charges NA
6 vi) Penalty for delayed payments Penal Charges 24% per annum, i.e, 2% per month on the overdue instalment on the actual No of days + Applicable Taxes
Penal Charges (Cheque/ECS bounce Charges) Rs.1200 Plus Applicable Taxes
7 Others Duplicate No Dues Certificate Rs.500 Plus Applicable Taxes

List of Documents


Most Important Terms & Conditions


List of Loan application documents required


a) Identity and Residence Proof

  • Job card issued by NREGA
  • Letter issued by the National Population Register
  • Voter ID Card/ PAN Card / Valid Passport/ Valid Driving License (Only for Residential Proof)/ Aadhar Card
  • Utility bill which is not more than 02 months old. (Electricity bill, telephone bill, post-paid mobile bill, gas connection bill)
  • Latest Property/ Municipal Tax Receipt
  • Updated Bank Account Passbook/ Post Office Passbook
  • Copy of the Lease/ Leave & License Agreement duly executed and registered as per the state laws

b) Income Proof

  • Salary Slips
  • Permanent Account Number (PAN Card) / Form 60
  • Current Account Statements of business entity and Savings Account Statements of the Individual for last 06 months
  • Copies of Bill-Book/ Order Book/ Payment Receipts evidencing business transact
  • Latest Form 26AS( if available)

c) Other Documents

  • Business Profile
  • Details of any outstanding amount as per Credit Information Companies Reports
  • Certificate of any outstanding (in refinance/ balance transfer case
  • List of documents submitted to lender(in refinance/ balance transfer cases)

List of Property documents required


a) Direct Purchase

  • Copy of the Allotment Letter/ Agreement to Sell & Final Sale Deed
  • Receipt(s) of payment made to the Developer/ Builder

b) Resale Purchase

  • Title Documents inclusing proceisou chain of owners of the Property
  • Receipt(s) of payment made to the Seller
  • Copy of Agreement to Sell

c) Construction of House and for Home extension

  • ll Original Totle Documents of the Property
  • No encumbrance proof on the property
  • Copy of the plans, approved by the Local Authorities
  • Construction estimate by an Architect/ Civil or Structural Engineer

d) Balance Transfer

  • List of property documents held by the existing financial institution on their letter head
  • Latest outstanding balance letter from the existing financial institution on their letter head
  • Photocoty of the property documents including evidence of Own Contribution

Products Wise Interest Rates


Interest Rate Range

Interest Rates

  Product Minimum Rate of Interest Maximum Rate of Interest
Flexi Home Loan(Salaried/ Self emloyed) 13.00 % 26.00 %
Flexi Lap 16.00% 26.00%
Self Construction 11.50% 26.00%
Home Improvement 14.50% 26.00%
Home Extension 14.00% 26.00%
Home Purchase 11.50% 26.00%
Loan Against Property 16.00% 26.00%
Balance Transfer 14.00% 26.00%
Top Up 16.00% 26.00%
Speed BT 14.00% 26.00%
Micro Home Loan 18.00% 26.00%

Gradation of Risk


- Download Gradation of Risk