Loan Amount:
In most cases, will be less than Rs 5 lakhs but will be decided based on repayment capacity and our internal policies.

Tenor:
max 15 years

Interest Rate:
MHFC's Prime Lending Rate ("PLR") is currently 12%. However, actual rate of interest on a loan will depend on individual circumstances, especially on the amount of borrower contribution and the loan tenor requested. Further, it should be noted that the loan rate is floating and will change when the PLR is revised from time to time, in line with market conditions.

Loan to Value:
In most cases, 75%, which means that the borrower will need to provide a margin of 25% min of the value of the house.

Security:
Mortgage of the house being financed

Repayment:
Through customer's electronic standing instructions for all the equal monthly installments (“EMIs”).

Other Conditions:
We would expect the borrower/s to have a bank account, also to take out life / permanent disability / property insurance (MHFC will help facilitate the bank account and the insurance).