Take Mahindra Home Finance Loan And Build Your House

The home loans are provided by many housing finance companies and banks but you don’t find a housing finance company that provides effortless services and efficient tools. Mahindra Home Finance is one such housing finance company that offers doorstep services to customers for easier application process. And, using the Mahindra Finance Home loan calculator you can compute your equated monthly loan installments and eligible interest rate. To know about the home loan features and details read the given article.

How much one can borrow from Mahindra Home Finance Ltd.?

You can borrow a maximum of 75% of your property value or construction cost to build a house or buy one from by taking Mahindra finance home loan. The loan amount can be taken for home purchase, construction, renovation and extension. The interest rate on the borrowed amount is dependent on the applicant’s income, age and property value. You can pay the loan amount up to 20 years with the applied interest rate. The payment can be made using ECS, PDCs, NACH or auto-debit methods. The loan amount can be disbursed to your account fully or partially depending on the loan requirement. For example, if you are taking a loan for home construction then the amount is disbursed on a monthly or quarterly basis.

Use Mahindra Finance Loan calculator for an easy loan process

To estimate the loan interest rate and the borrowed amount you are eligible for along with computed EMI you can use the Mahindra Home Finance calculator. You can use this calculator by visiting the official website of Mahindra Home Finance Limited. To calculate the loan amount, interest rate and EMI you need to insert details like age, type of employment, income, required loan amount and repayment duration. When you have entered the mentioned details then the computed interest rate and EMI amount would be displayed on your computer and smartphone screens.

Suppose if you are a 21-year-old individual and want to renovate your house and need a loan amount of INR 15 lakh. Then the eligible interest rate would be 13.75% according to the loan calculator and monthly EMI will be INR 18,381.

Submit necessary documents and fees to get Mahindra Home Finance Loan

For an easier home loan application process use the online services of Mahindra Home Finance or whether reach your nearest branch. You just need to click on the “apply now” button after the loan calculation. The principal amount and the applied interest rate can be paid on a monthly, quarterly or yearly basis. You can choose a suitable payment method for loan payment and can easily make your home finance affordable.

The housing finance charges a processing fee for the loan amount that is minimum 1.75% of the sanctioned loan amount. You are required to submit a few documents for the loan procedure such as ID proof, income proof and address proof. And, for any query related to the home loan dial 1800 233 5333 from your registered mobile number. Home finance can be easier with the help of the Mahindra Home Finance loan.