Home Loans & Housing Finance By Mahindra Finance

Features & Benefits For Home Loans & Housing Finance By Mahindra Finance


  • Wide network across the country to ensure you have no trouble reaching us
  • Personalised documentation assistance for smooth processing
  • Flexible repayment options
  • Door-to-door servicing to ensure maximum convenience
  • Loan available for various purposes – construction, renovation, improvement and purchase
  • Fixed and variable rates of interest subject to conditions


Eligibility & Documentation For Home Loans & Housing Finance By Mahindra Finance



MRHFL will consider the applicant/co-applicant's:

  • Income
  • Age
  • Employment stability
  • Regularity and consistency of income
  • Savings
  • Family background
  • Assets and liabilities
  • Other factors that are likely to affect loan repayment

Application process:

  • Preliminary application with photocopies of documents
  • Legal, technical and credit check
  • Documentation with originals
  • Disbursements


FAQs  of Home Loans & Housing Finance By Mahindra Finance


What type of houses is financed by home loans?

Independent houses and flats/apartments of a permanent nature having a valid title are applicable. They need to have building approvals from civic authorities and also house properties which may be under construction or completed and ready to occupy.

What is the security required for home loans?

The security required for a loan would be an equitable or simple registered mortgage of the house being financed. The type of mortgage to be created will depend on the documents of title (ownership) being submitted/made available. After a preliminary examination of the papers submitted by an applicant, our legal officers will advise the type of mortgage that would be required.

What are the 'rate of interest' options for home loans?

Fixed for all customers other than salaried semi-urban class customers:

The rates will be fixed during the tenure of the loan and applicable as prevalent on the date of 1st disbursement, subject to revision every 3 years depending on the money market conditions.

Variable for salaried semi-urban and urban class customers:

The rates will fluctuate as per the money market conditions and will be notified from time to time.

How do I repay a home loan?

Based on your repayment capacity, the loan can be repaid in monthly, quarterly or half yearly equated instalments by way of EMI/ EQI/ EHI comprising of principal and interest.

Repayment of the loan can be made by cash /cheque /demand draft at any of MRHFLs offices. Repayment can also be made at collection centres approved by MRHFL.

Can I prepay the home loan ahead of schedule?

The loan can be paid ahead of schedule and MRHFL will not levy early redemption charges.

Two decades ago, Mahindra and Mahindra Financial Services Limited (MMFSL) commenced its journey in the rural non-banking finance industry. And with that was born a vision to transform rural and semi-urban India into a self-reliant, flourishing landscape. Since then, we have come a long way, empowering millions of ambitious individuals with personalised finance for a wide range of vehicles, home development requirements and many other diverse endeavours – all to help them live their dreams and Rise in life.

At Mahindra Finance, we are guided by a firm belief in people, their dreams, and their potential to achieve those dreams. Hence, our socially inclusive business model facilitates loans to customers based not on their current financial status, but their future earning capacity. This philosophy has instilled a sense of confidence in the minds of rural and semi-urban India – a confidence that allows them to believe that no dream is too big. Today, as one of the leading non-banking finance companies, we are proud to have touched over 3 million lives.

During the course of our journey, apart from emerging as the top tractor financer in India, we have constantly strived towards developing skill sets of the local population. Which is why, we provide employment to over 16,000 people in over 1000+ branches across India. This not only ensures equal growth opportunity for all, but also enables us to serve our customers better through local understanding and expertise.

So be it a humble farmer or a budding entrepreneur – we are committed to empower every individual with resources to help their dreams see the light of day.


Interested? Please leave your details and we will contact you soon