Purchase of
home from Developers/

Purchase of home from Developers/Authority

This facility is available for the purchase of new / under construction home from Developers or Authority.

  • Loan amount: Upto Rs. 50 Lacs in Metros and Rs. 30 Lacs in Non-Metro Cities
  • Maximum Loan to Value:
    Loan Amount Maximum Loan to Value
    Upto Rs. 30,00,000 90% of property value
    From Rs. 30,00,001 to Rs. 50,00,000 80% of property value
  • Tenure: Up to 20 Years (However, the period shall not exceed beyond 60 years and 70 years of age of the borrower/co-borrower, respectively for Salaried and Self Employed borrowers / co borrowers)
  • Repayment: Equated Monthly Instalments (EMI) through Automated Clearing House (ACH).
  • Tax benefits: Tax deduction subject to a maximum limit of Rs 2 Lacs for interest payments and up to Rs 1.5 Lacs for principal repayment. Tax benefit can be shared between co-borrowers subject to certain conditions.

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Please e-mail your requirements to enquiry@muthoothomefin.com

or contact us : 022-39110999, 022-39110900, 18001211214


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