Here are a few factors

Rating 4.5 /
Total - 260 ratings
5
164
4
71
3
18
2
6
1
1
Location50Km from Branch
CIBIL Score650+ 
ApplicantSelf Employed Applicant
Applicant Age21 Year to 70 Year
Loan Amount & Tenure5 Lac to 25 Lac
(5 Year to 15 Year)
Login Fees3000+GST
Rate of Interest & Type12.75% to 17% (Reducing)
TAT5 Days
Processing Fees1.50%+GST
Foreclosure ChargesUpto 4%+GST
InsuranceInsurance Charges:1%-4% 
Minimum Business Vintage3 Year
Lock In Period12 Month
Part Payment AllowedNo
LTVResidential-70%, Commercial-65%
Product(i) Fresh Loan (ii) BT+Topup
Program(i) Income Program-25Lac
(ii) LIP Program- 25Lac
(iii) Banking Program-25 Lac
(iv) Without ITR-25 Lac
(v) Cash Rental-10 Lac
FOIR80% of Cash Income
Cautious ProfilePolice
Negative Profile(i) Applicant living in dominated area (ii) Politician (iii) NRI(iv) Salaried Applicant
(v) Real Estate (vi) Advocate
Funded Property(i) Residential Property (ii) Commercial Property
Neagtive Property(i) Industrial Property
(ii) Plot
(iii) GPA Property
(iv) Auction Purchase
(v) Demolition List Property
(vi) School, Hospital & Hotel
(vii) Stone Slab
(viii) Farm House
(ix) Multi Tanented Unit
Accepted CollateralOther than Negative Property
Minimum Job Experience for Salaried PersonNA
Experience with Current EmployerNA
Any Specfic Product for ProfessionalsNo
USPFunding on unapproved property & upto 5th Floor
Additional1. Seller BT & Commercial Purchase not doing
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Right Documents - Easy Process

Required Documents to Apply for Motilal Oswal Home Finance Loan Against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required

Note : Motilal Oswal Home Finance Loan Against Property may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

Yes, a woman can easily get a LAP with Motilal Oswal Home Finance Ltd.

Yes, according to your will, you can pay all your loan amount in one go.

Anyone who is 21 years or above is eligible to get a LAP.

The Interest for Motilal Oswal Home Finance Loan Against Property is around 15 to 18% per annum based on the borrower and conditions of the loan.

The minimum tenure available for loan against property is 5 years which can go up to a maximum tenure of 15 years.