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Buying a house is a dream of many. Muthoot Homefin helps fulfill the dream with its range of affordable housing finance loan schemes. Additionally, it offers a host of benefits such as flexible EMIs to let you space out your repayment over a longer tenure, a low interest rate to make your EMIs affordable, and a quick and simple application process. All this makes it easier for everyone to avail the best for themselves and their families.
Features and Benefits
There is no place like home and with the attractive features and benefits of Muthoot Homefin’s housing finance schemes, you can gather hopes, achieve your dreams and create memories in your own space.
Apply for a higher loan amount with an extended tenure to enjoy lower interest rates. Since interest is calculated on the basis of the outstanding principal amount, try making high payments and choose a shorter loan tenure to be able to quickly repay the loan amount and also enjoy the benefits of lower interest rates on your housing finance loan.
Easy Monthly Installments (EMI) play a critical role in the repayment of the loan, especially when talking about long term loans like a home loan. Further, it may also witness several ups and downs during the loan tenure. Hence, one needs to be careful about the interest rates while selecting the loan scheme.
Eligibility and EMI calculator
Calculate your loan EMI and eligibility for a housing finance loan to enjoy complete peace of mind. These calculators aid the general self-help planning for customers looking for home loan schemes. Results depend on the information provided by the user.
The eligibility is primarily based on the income and repayment capacity of the individual seeking the loan along with other factors like credit score, financial deposits, age, employment type, financial obligations, etc. EMI calculator, on the other hand, gives an estimate of the monthly installments payable to the lender. It is calculated on the basis of the chosen loan amount and tenure.
Avail hassle-free disbursement of the housing finance loan amount with minimal documentation. We have a simple application process with quick approvals and almost minimum documentation. This makes the entire process easy and convenient for the borrowers.
Loan disbursement refers to the release of the credit amount by the chosen financial institution to the borrower, after which it can be utilized for further purchase. A delay in disbursement can lead to a delay in the purchase of property and that is when the simplified disbursement feature comes into play.
Track Your Loan
Get the facility to check your home loan status on the go. Simply enter the required details and keep track of it at any stage to stay updated with the current status of your housing finance loan. Muthoot Homefin offers an online loan application tracking platform that showcases the home loan journey and notifies your application status from login to sanction stage.
Get real-time application status updates on a single screen, track right from login to sanction, get in touch with the representative for resolutions on the query in just a few clicks.
Easy Balance Transfer
Transfer loan balance with ease from your existing home loan to the new loan account without any hassle. Many borrowers opt to transfer their loan to a new lender to avail themselves of a lower interest rate, flexibility in EMIs and longer loan tenure that matches your repayment capabilities.
Additionally, one gets the facility to top-up their loan and enhance the purchasing power on the existing loan without any additional documentation.
Taking a Home Loan with Muthoot Homefin
Celebrate your dream home with Muthoot Homefin’s attractive housing finance schemes that bring along the ease of low interest rate, quick approvals, and minimal documentation. Our schemes are tailored to specific requirements to be able to meet the dynamic customer needs.
Muthoot Homefin (India) Limited (MHIL) is an arm of the Muthoot Group and a wholly-owned subsidiary of Muthoot Finance Limited (MFL). It is registered under the non-deposit taking housing finance company with National Housing Bank (NHB).
MHIL focuses on providing affordable housing finance schemes to its customers that comprise primarily informal and formal salaried employees and self-employed individuals. Further, we are also expanding our reach to tier 2 and 3 cities and progressing on the lines of the 'Housing for All’ initiative of the Government of India.
We offer housing finance schemes for construction/extension/renovation/plots/flats etc. Additionally, we also provide our customers with a loan against property (LAP) scheme, wherein they can safely mortgage their property with us to easily avail loan against the same.