Motilal Oswal Home Finance Home Loan

Disclaimer: Motilal Oswal Home Finance Limited is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Motilal Oswal Home Finance Limited for home loans. No offers/services from Motilal Oswal Home Finance Limited are being provided by Paisabazaar for home loans. For further information about Motilal Oswal Home Finance Limited for home loans, users are required to reach out directly to Motilal Oswal Home Finance Limited.

Note: Rates as of 23 June 2025

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Motilal Oswal Home Finance Home Loan Interest Rates

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Motilal Oswal Home Finance Home Loan Fees and Charges

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Types of Motilal Oswal Home Finance Home Loan

Home Loan for Purchase

Purchase: For purchase of an under-construction/ready/construction of a new residential property on your own land

Loan Amount: Rs 5 lakh- Rs 50 lakh

Tenure:

• For Salaried: 5-25 years
• Self-Employed: 5-25 years

Home Loan Balance Transfer

Purpose: To transfer the existing loans from other banks/HFCs to Motilal Oswal Home Finance at lower interest rates.

Construction Loan

Purpose: To construct residential areas from a contractor or contractual builder on a freehold plot of non-agricultural use

Loan Amount: Up to 50 lakh

LTV Ratio: Up to 85% of construction cost

Tenure

• For Salaried Applicants: 5-25 years
• For Self-Employed Applicants: 5-25 years

(The tenure can extend beyond 70 years of age in case of self-employed and 60 years of age in case of salaried applicants)

Home Improvement Loan

Purpose: For home improvements including tiling, painting, roofing, flooring, furniture work, electrical work, plumbing, waterproofing, grilling, etc.

Loan Amount (LTV Ratio): 85% of the cost of improvement, maximum Rs 5 lakh

Tenure: 5-10 years (The tenure can extend beyond 70 years of age in case of self-employed and 60 years of age in case of salaried applicants)

Home Extension Loan

Purpose: For the extension of existing property such as the construction of extra rooms or floors.

Loan Amount: Up to Rs 25 lakh

LTV Ratio: 85% of construction cost

Tenure

• For Salaried Applicants: 5-25 years
• For Self-Employed Applicants: 5-25 years

(The tenure can extend beyond 70 years of age in case of self-employed and 60 years of age in case of salaried applicants)

Pradhan Mantri Awas Yojna (PMAY)

Purpose: For purchase of new/resale home, home construction loan for EWS/LIG/MIG, for improvement/extension of an existing home for EWS/LIG with subsidy benefits of up to Rs 2.67 lakh

Tenure: Up to 20 years

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Eligibility Criteria for Pradhan Mantri Awas Yojna (PMAY)

• The family of the beneficiary should not own a pucca house in his/her name or in the name of any family member
• If the applicant is a married couple, either of the partners or both together (in joint ownership) will be eligible for a single subsidy
• For LIG/EWS female property ownership is compulsory
• The family of the beneficiary shouldn’t have availed central assistance under any housing scheme from the Indian Government or any benefit under any scheme in PMAY
• The total tenure and loan amount can be higher but the subsidy will be limited to Rs 2.67 lakh for EWS and LIG applicants, Rs 2.35 lakh for MIG 1 applicants, and Rs 2.30 lakh for MIG 2 applicants

Documents Required for Motilal Oswal Home Finance Home Loan

KYC Documents

• Driving License (RP, ID)
• Recent Bank Statement
• Latest bills for telephone and electricity
• Ration card
• Passport (SV, ID, RP)
• Letter from the employer
• Affidavit (RP, ID)
• Aadhaar Card (ID, RP)
• Letter from society
• PAN Card (SV, ID)
• Processing Fee Cheque

For Salaried Applicants

• Last 3 months salary slip/salary certificate
• Recent Form-16
• Cheque of processing fee from a salary bank account
• Last 6 months bank statement showing salary credited
• If on probation, an appointment letter with CTC is required
• If the website is not available or the employer is not well-known, the employer company profile is required

For Self-Employed Applicants with Professional Income

• Income statement computation
• Balance sheet copy
• Copy of P&L account
• TDS Certificate
• IT acknowledgment copy for past 2 years duly certified by CA
• Audit report copy
• Copy of tax paid challans
• Business Profile in brief
• Bank Statement for past 1 year
• Processing fee cheque from a current bank account
• Copy of business license such as shop and establishment, etc.
• Copy of practice certificate or qualification certificate

Additional Documents for Self-Employed Applicants with Business Income

• Copy of partnership deed in case of partnership firm
• Copy of MOA
• If the applicant is a director/company, a list of directors and shareholders is required

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Prospective borrowers applying for home loan from Motilal Oswal can use the Home Loan EMI Calculator to know their EMIs and total interest cost for various combinations of home loan tenures, interest rates and loan amounts. This shall also help them in selecting their optimum tenure after factoring in their repayment capacity.

Motilal Oswal Home Loan EMI Calculator

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