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Mahindra Finance Home Loan, Interest Rates, EMI and Eligibility Calculator 2018

(Updated On 08.12.2018) Mahindra Finance Home Loan and EMI Calculator December 2018 – Get Instant Quick & Easy Approval on Mahindra Housing Finance Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓Best Offers & more.

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Mahindra Finance Home Loan

Mahindra Finance, one of the leading NBFCs in India, provides home loan for varied purposes such as purchase of new home or new flat. Mahindra Finance Home Loan is immensely popular for its varied home loan products, doorstep service, simplified documentation, tempting home loan rates and much more to help you own a perfect home or flat. Mahindra Housing Finance offers both fixed rate of interest and floating rate of interest to its home loan borrowers. Home Loan borrowers can claim both the interest and principal components of home loan repayments for tax benefits.

Mahindra Finance Home Loan Features

  • Pan-India presence to ensure smooth banking with each and every customer.

  • Mahindra Finance Home Loan is known for its personalised documentation.

  • Doorstep service for hassle free loan processing.

  • Mahindra Finance Home Loan for construction, renovation, improvement and purchase of a house or a flat.

  • Minimum processing fee and other charges.

  • Fixed rate and floating rate are applicable.

  • Maximum loan tenure is 20 years.

  • Loan to value is 75% of the market value of the property.

Mahindra Finance Home Loan Interest Rates

Loan Types

Rate of Interest (%)

Housing Loans

Housing Loans Floating at 11.50% onwards

Fixed Loans at 18% onwards

Non-Housing Loans

17% onwards

Mahindra Finance Home Loan Fee and Charges



Processing Fee

2.5% of the loan amount plus Service Tax

Documentation Charges

2.5% of the loan amount plus applicable S.T.

Prepayment Charges


Cheque dishonor/return

₹500 per cheque

Penal Charges on late payment

24% p.a. of the overdue amount.

Mahindra Finance Home Loan EMI Calculator

Mahindra Finance Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Mahindra Finance Home Loan Eligibility

Mahindra Finance Home Loan takes into account the applicant/co-applicant’s income, age, employment stability, regularity and consistency of income, savings, family background, assets and liabilities.

  • At the time of home loan application, the applicant’s age should be 18 years and applicant’s age should not be more than 65 years at the time of loan maturity.

  • For salaried individual the maximum loan tenure is the retirement age or 60 years whichever is earlier.

  • One or more income earning members of a family can singly or jointly apply for the loan but one co-applicant should have blood relationship with the applicant.

  • The security required for Mahindra Finance Home Loan would be through an equitable or registered mortgage creation.

  • Guarantor is not required to avail Mahindra Finance home loan but the bank might ask for one depending on home loan cases.

Mahindra Finance Home Loan Documents Required

  • Duly Filled Application Form

  • Latest Passport Size Photos

  • Age Proof

  • KYC Documents

  • Income Proof

  • Property Related Document.

Mahindra Finance Home Loan Prepayments

Nill prepayment charges for Mahindra Finance Home Loan.

Mahindra Finance Home Loan FAQs

1) What type of houses is financed by home loans?

Mahindra Finance Home Loan can be availed for construction of independent houses and flats/apartments of a permanent nature having a valid title are applicable.

Applicants should have building approvals from civic authorities to avail Mahindra Finance Home Loan.

2) What is the security required for home loans?

The security required for home loan should be an equitable or registered mortgage of the house or flat being financed.

3) What are the ‘rate of interest’ options for home loans?

The rate of interest is fixed for all customers other than salaried semi-urban class customers. The rate of interest is variable for salaried semi-urban and urban class customers.

4) How do I repay my home loan?

Mahindra Finance Home Loan can be repaid in monthly, quarterly or half yearly equated installments through the facility of EMI/ EQI/ EHI.

5) Can I prepay the home loan ahead of schedule?

Mahindra finance home loan can be repaid before the loan maturity schedule and the institution does not levy any prepayment penalty on the outstanding amount.