Home Loan, Housing loan, Housing Finance company Online India - Muthoot Fincorp
×

Home Loan

Gold Loan

Home Loan by Muthoot Fincorp

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

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

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

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

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

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 Finance Company

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!

Frequently Asked Questions

A home loan or a housing loan is money that an individual borrows with the express purpose of buying a home. The property acts as a collateral for the loan. The borrower has to repay the loan along with an agreed upon interest through monthly EMIs over a period of time i.e. the tenure of the loan.

A Muthoot Blue Home Loan comes with several benefits some of which are mentioned below:

  • Our loans range from Rs. 2 lacs to Rs. 30 lacs
  • We offer loan repayment tenures of up to 20 years
  • You can get loans from us for up to 80% of your property value
  • We cater to the housing requirement of customers in the middle and lower income group
  • We provide specialised home loans for the unorganised sector and help people turn their dreams of owning a home into reality

Muthoot Fincorp has provision for loan tenure starting from 3 to 20 years for home loans in India. You can have a loan value as low as 2 lakhs all the way to 30 lakhs. As housing finance uses the house purchased to secure the loan as collateral, the interest rate is lower than unsecured loans. Based on your income and comfort, you can opt for fixed or flexible repayment options.

Yes, as we offer flexible terms and conditions on our home loans giving you the flexibility to reduce the loan tenure. Please contact your nearest Muthoot Fincorp branch or call our customer care representative at 1800 102 1616 for more details.

If the home loan in India from Muthoot Fincorp was sanctioned at a floating or variable rate, you can foreclose it at no additional charges. In case a fixed rate housing finance, foreclosure from own sources attracts no charge, though if you decide to refinance the loan, you will have to pay 3% to 5% of the amount outstanding as foreclosure charges.

We are bound by and follow KYC forms as per the regulator’s guidelines. You will be required to furnish documents for age, income, and address. The list of documents is given below:

  • PROOF OF RESIDENCE – ATTESTED PHOTO COPY OF ANY ONE OF THE FOLLOWING:
    Ration Card
    Passport
    Driving Licence
    Bank Account Statement
    Voter’s ID Card
  • Documents Required
    Current Telephone / Electricity / Gas Bill / Water Bill / Property Tax
  • PROOF OF IDENTITY – ATTESTED PHOTO COPY OF ANY ONE OF THE FOLLOWING:
    Passport Driving Licence Aadhar Card (UIDAI) Letter confirming identity from a commercial bank Employee ID Card if issued by Central / State Government undertaking Voter’s ID Card Pan Card
  • Income Documents SALARIED INDIVIDUAL
    Salary Slip of last 3 months of Salary certificate issued by employer in absence of salary slip Bank Statement for the last 12 months ITR for last 2 years if available
  • Income Documents BUSINESS INDIVIDUAL
    Business ownership proof documents like license, rent agreement of shop etc. Income documents like purchase bills, sales bills, sales register etc. Bank statement for last 12 months ITR for last 2 years if available

A borrower benefits immensely from a home loan and we share the major ones with you:

  • Owning a home is one of the biggest dreams of every individual irrespective of their age, income or location – and a home loan’s biggest benefit is that it helps the borrower fulfill this dream with easy installment options. They can buy a bigger home or a better locality with confidence.
  • Another additional benefit for the borrower is that there is no need to spend lacks of Rupees to buy and start living in a self-owned home. A home loan spreads the amount over several years, making it easy to repay the amount with interest.
  • Most borrowers benefit from the fact that the EMI for a home loan is equal to or slightly higher than the amount they pay as monthly rent to their landlord. A loan gives them the freedom to enjoy their home without any interference from the landlord
  • The price of a property will always increase with time and investing in one with a home loan will benefit the borrower.

Muthoot Fincorp Logo

First-hand account of customer experiences

BLUE SOCH STORIES

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 133+ years without compromising on the God-given values of trust, truth, transparency and tradition is what helps us in empowering the human ambitions.
  • Why Choose Muthoot Fincorp: India’s Leading NBFCs

    Close to 3600 branches across India

  • Why Choose Muthoot Fincorp: India’s Leading NBFCs

    A legacy of 133+ years

  • Why Choose Muthoot Fincorp: India’s Leading NBFCs

    18,000 Muthootians serving millions of customers

  • Why Choose Muthoot Fincorp: India’s Leading NBFCs

    Walk in of over 1,00,000 customers a day

Enquire Now for Home Loan

Send us your query

I authorize Muthoot Fincorp Ltd. & other Muthoot Pappachan Group companies (including its Agents/representatives) to call/communicate with me on their product offerings/promotions through Telephone/Mobile/SMS/email ID.

Need Help?

Please feel free to contact us. We will get back to you. Or just call us now.

Beware of fraudulent job consultants

It has been brought to our notice that certain individuals are receiving fraudulent emails, phone calls, and messages, etc, about job vacancies with Muthoot Fincorp and they are also being asked to deposit money in certain bank accounts.

Please be informed that such communications and practices are completely mala fide and sent with an intent to defraud the public and bring disrepute to the goodwill of our Company. Our Company does not ever demand any fee/money against recruitment nor for the application/interview process.

The public at large is hereby cautioned not to be misled by any such communications received through emails, message or any other communication mode.

Please contact us for further information about the genuineness or otherwise of such communications at:

Muthoot Fincorp Ltd.

MG Road, Near Spencer's, Trivandrum - 695 039

Phone: 0471 4911550 / 0471 4911430

Email: recruitment@muthoot.com