What is Motilal Oswal Home Loan Interest Rate?

A few months back, when I was looking for attractive interest rate home loan options, I found Motilal Oswal to be a good option. The Motilal Oswal home loan interest rate is as low as 11.75% per annum and loan amounts as high as Rs 50 lakh accessible for up to 25-year terms. Furthermore, it offers existing clients of other banks and HFCs the opportunity to transfer their loan balance to Motilal Oswal at a lower interest rate.

What is the Motilal Oswal Home Loan Rate of Interest?

As I already mentioned, the Motilal Oswal home loan rate of interest starts at 11.75% to 16% p.a. Apart from the rate of interest, the processing fees are 1.50% + GST. Insurance charges: 1% - 4%. 

The documents required for Motilal Oswal home loans for a salaried person are,

• Application and co-applicant KYC 

• Last three months' salary slips 

• Last twelve months bank application and co-applicant statements

• Last three years' ITR, including the applicant's and co-applicant's income calculations

• Form 16 of the applicant's previous two years and Form 26AS of the applicant and co-applicant

• If available, the applicant's appointment letter

• Sale agreement in the event of a purchase

This is all about the Motilal Oswal home loan. I hope this helps!

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A few months ago, my father wished to take a home loan from Motilal Oswal. Hence we went to the bank and inquired about the Motilal Oswal home loan interest rate. His bank manager told us that the Motilal Oswal home purchase loan has an interest rate that starts at 11.75% and has a maximum repayment term of 25 years.

What is Motilal Oswal Home Loan Rate of Interest?

Everybody wants to own a home, and a home loan makes this goal possible. It's critical to be aware of the latest interest rates if you intend to take out a house loan from Motilal Oswal. 

The bank manager told us that self-employed and salaried individuals can apply for house loans from the NBFC. The interest rates that apply to home loans for both types of borrowers are listed in the table below:

Motilal Oswal Interest Rates for All Home Loan Schemes in India

We also learned from the bank manager that Motilal Oswal provides options for house loans to all customers. They allow all loan applicants to easily take advantage of the credit facility, whether they are building a new home or buying land for one. In addition to loans for home purchases, they provide the following services:

• Home Improvement Loans

• Home Extension Loans

• Loan Against Property

• Home Construction Loans

The interest rates for all the above home loan products range from 11.75% to 16% for salaried employees and 12.75% to 17% for self employed individuals. I hope you found this answer helpful.