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Home Loan

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Owning a home is an important milestone in the life of an individual and their families. We understand how difficult it is for people in general, and especially the unorganised sector, to make their dream of owning a home come true. Whether you wish to buy your first home in a new building, a flat on resale or construct your dream home from the ground up, Muthoot Fincorp’s home loan products are designed to meet all your individual needs.

Types of Home Loans

The different types of Home Loans we offer are:

Affordable Home Loan

At Muthoot Fincorp, we envision homeownership for all. It is our aim to help families across social status enjoy and celebrate homeownership. We offer loans or credit to mid and low-income groups, as well as economically weaker sections who find it difficult to own a home.

Home Improvement Plan

A home is different from a house – it is where life is lived with family, friends and other loved ones, and memories are created, unlike a house which is just a structure. Do not let limited funds stop you from constantly improving your home. Muthoot Fincorp, through our sister concern Muthoot Housing Finance Company Ltd. (MHFCL) offers home improvement loans for all your big and small home renovation needs.

Self Construction Loans

At Muthoot Fincorp, we know the sheer joy our customers will experience when they craft their homes brick by brick. The pleasure of watching every room take shape, just the way you imagined is now made easy and quick with our loans for home construction!

Loan against Property

Your property is one of your most-valued assets and you can use it to get quick and hassle-free funding from Muthoot Housing Finance Company Ltd. (MHFCL), a sister concern of Muthoot Finance.

Resale Loans

A great deal, a better location, a nicer home for your family, whatever your reason for purchasing a home, at Muthoot Blue we make the decision easier with a resale home loan! Whether you want to buy an independent home or a flat in a privately built up premise or an existing Co-operative Housing Society or Apartment Owners’ Association, we are here to help you achieve your dreams with our easy to avail resale loans!

Benefits and Features of Home Loan from Muthoot Fincorp

Escalating real estate prices should not stop you from owning a home you want – you can make your dream come true with housing finance. At Muthoot Fincorp, we understand how much it means to own your own home, and that’s why we offer you a bouquet of easy-to-apply, feature-packed and most affordable home loans in India. We have designed loans to help you own and celebrate your dream home.

Innovative Loan Products

We provide several innovative loan products to aspiring homeowners who are more likely to face rejection read more at the hands of traditional banks. Our bouquet of product offerings range from loans for purchase of property (house or apartment), home improvement loans, affordable housing loans, self-construction loans, loan against property, resale loans, purchase of property, residential property loan, re-finance and more.

Differential Loan Amounts & Interest Rates

Muthoot Fincorp offers finance from INR 2,00,000 to 25, 00,000 for loan tenures ranging from 3-20 years. Loans read more are available on fixed and variable interest rates – usually, vary from 12-18%. Our loans are affordable and convenient – please get in touch with our customer care representative at 1800 102 1616 for more details.

Simple & Efficient Processes

We offer simple documentation, broad eligibility criteria and flexible repayment schedules as part of read more our home loan processes. You can also count on us for more efficient loan processing, approvals and disbursals through streamlined processes. Once your loan is approved, the amount is deposited in your account, or in case of builder flat, released to the builder as per the payment plan.

Home Loan Eligibility Criteria

As a leading finance company, Muthoot Fincorp offers broad eligibility criteria for its housing finance and home loan offerings. It is our aim to give you access to a loan, and enable you to move towards your dream of owning a home quickly.

  • The applicant should be an Indian resident
  • Minimum age at the time of application should be 21 years
  • Maximum age at the time of loan maturity should be 65 years
  • The applicant should either be salaried or self-employed
  • The applicant must own a bank account
  • There should be Muthoot Fincorp branch in the borrower’s city
  • The co-owner of the property should be the co-applicant for the housing finance

Documents needed for Home Loan

Muthoot Fincorp is bound by and follows the KYC forms as per the regulator’s guidelines. Here is a list of documents you are required to provide.

Valid Address Proof

  • Passport / Ration card / Voter ID / Driving License / Registered Rental Agreement / Electricity or Landline bill issued within the previous 3 months

Proof of Identity

  • Driving License / Voters ID Card, Passport / Ration Card / Driving License / Photo Credit Card/PAN Card / Employee ID card for Government servants

For self-employed

  • Bank statement stating transactions for the previous three months

For salaried persons

  • Three months salary slips with ITR or Form 16 for salaried applicants seeking housing loan in India

*These documents cover all types of loans for small businesses-Proprietorship, Partnership and Private Limited companies.

How to Apply for a Home Loan from Muthoot Fincorp

There are many ways for applying for a home loan in India with Muthoot Fincorp. We have streamlined the home loan application and approval procedures and made them simple to complete.

  • Call

    You can call our toll-free number 1800 102 1616 and talk to our customer care executive for details to get started

  • Visit the nearest Muthoot Fincorp Branch

    You can visit the nearest Muthoot Fincorp branch and our customer care executives will help you through the process.

All the documents you share with us will be scrutinised and your eligibility criteria will be checked quickly to help expedite the home loan approval and disbursement process.. We are always ready to help our customers to buy, renovate, or construct a house, you can call a home for a long time!

Why Choose Muthoot Blue for Home Loan?

Muthoot Blue (Muthoot Pappachan Group) has a reputation that has been shaped over decades with high-quality practices, total customer satisfaction, and steady growth. Today, Muthoot Fincorp, our flagship company, is one of the largest NBFCs in India and we continue to work with the aim of providing timely credit to common man with Blue Soch. Hence, our home loan services make it easy for you to get a loan to buy your dream home with minimum hassle!

You can trust Muthoot Blue because:

  • We have over 4200 branches across India. Visit your nearest Muthoot Blue branch to get a loan quickly and without any hassle.
  • Nearly 1,00,000 customers walk into our branches daily and are assured of trustworthy and simple services.
  • Our customer-centric approach and innovation over the past +132 years without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.

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