A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • loading

    Manipal Housing Finance Syndicate

    Manipal Housing Finance Syndicate offers a wide range of home loan products catering to the customer’s needs at competitive interest rates. Minimal documentation and quick processing make them one of the popular banks in the industry.
    More

    We found 38 Manipal Housing Finance Syndicate
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.80%- 9.20% Floating
    12,000 (inclusive of GST) One-Time Fee
    20L - 5Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.95% - 9.15% Floating
    10000+GST One time fee
    -
    1-20 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.70% - 9.00% Floating
    Up to 0.5% (max. ₹11,800) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.75% - 11.0% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.90% - 9.50% Floating
    0.50% PF (For Salaried) to 1%(min.3000)+Tax (for Self employed)
    12L - 5Crs
    1-20 Years (10 yrs plot loan)
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    8.80% - 11.75% Fixed/Floating
    0.50% (min. ₹10,000) One time fee
    5L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9% Floating
    ₹ 10000+ taxes One time fee
    50L - 5Crs
    1 - 25 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Good to Know
    8.55% - 8.99% Floating
    ₹5,000 to ₹10,000 + applicable tax One time fee
    20L - 10Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Good to Know
    9.25% Floating
    0.50% (min. ₹10,000)
    1Cr - 5Crs
    1-20 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.25% - 11.20% FIXED
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    8.70% - 10.95% Floating
    Up to 0.5% One time fee
    2L - 3Crs
    1-30 Years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    Manipal Housing Finance (MHFSL) was founded in the year 1986 by the Late Dr T M A Pai and is part of the Manipal Group. The Manipal Group has over the years marked its presence in the country in the education & health care, hospitality, banking & finance, information technology etc. Manipal Housing Finance is one of the prominent sectors of the organization. It is not only promoted by the Manipal Group but also Syndicate Bank.

    Home Loans from Manipal Housing Finance:

    The products that are offered under Home Loans and the purpose of each:

    • Home Loan: To purchase a house/flat or to construct a house on a plot that is already owned by the borrower
    • Home Improvement Loan: To carry out any kind of repair on a house/flat that is already owned by the applicant. This can be structural, external or internal repairs. Everything from plumbing, electrical work, water proofing, tiling, replacing doors/windows etc. can be carried out with this loan.
    • Home Extension Loan: To build an additional room in the house or floor on the house that is already owned by the applicant or any other kind of extension to the house can be carried out with this loan.
    • Site Loan (Land Loan): to purchase house site/land.
    • Home Equity Loans: A loan can be sanctioned against the security of the applicant’s house so that the money can be used for an urgent, important need such as for a child’s marriage expense, medical treatment, education expense etc. The current market value of the house can be received in such a case.
    • NRI Loans: Applicants who are in the NRI category can avail this loan for the purpose of purchasing/ constructing House/Flat, Home Improvement, Purchase of Site (Land Loan) or Home Extension.

    Features of Manipal Housing Finance products:

    • Repayment made easy with long loan tenure
    • Avail maximum feasible loan amount through quick processing
    • Flexible terms
    • Personalised service though out the process of availing your loan and post-disbursement service
    • Existing customers can avail additional loan and Top-up loan
    • Loans can be availed by both salaried individuals and self-employed individuals
    • Repayment: Pre-EMI interest must be paid until the loan has been disbursed in full and EMI must to be paid once the loan has been disbursed in full.
    • Mode of re-payment:
      1. Standing Instruction
      2. PDCs (Post Dated Cheques) from NRE Bank Account
      3. Salary deduction
      4. ECS
    • Security: As security, the property in question will be sanctioned as the `security’. Title deeds will have to be deposited. Collateral also as required
    • Maximum loan term and amount:
    Type of home loan Maximum loan term Maximum loan amount
    Home Loan · Salaried Individuals can avail loan for 20 years or up to the retirement age (whichever is first) · Self-employed can avail loan for 15 Years or up to the age of 65 years (whichever is first) 85% of the cost of the house/flat and 85% of the cost of construction (estimated amount)
    Home Improvement Loan · Salaried Individuals can avail loan for 20 years or up to the retirement age (whichever is first) · Self-employed can avail loan for 15 Years or up to the age of 65 years (whichever is first) 100% of the cost of the improvement can be availed as loan, but this is subject to 75% of the market value of the property.
    Home Extension Loan · Salaried Individuals can avail loan for 20 years or up to the retirement age (whichever is first) · Self-employed can avail loan for 15 Years or up to the age of 65 years (whichever is first) 100% of the cost of the extension can be availed as loan, but this is subject to 75% of the market value of the property.
    Site Loan · Salaried Individuals can avail loan for 20 years or up to the retirement age (whichever is first) · Self-employed can avail loan for 15 Years or up to the age of 65 years (whichever is first) 85% of the purchase cost.
    Home Equity Loans · Salaried Individuals can avail loan for 20 years or up to the retirement age (whichever is first) · Self-employed can avail loan for 15 Years or up to the age of 65 years (whichever is first) 60% of the value of the house property.
    NRI Loans · Salaried Individuals can avail loan for 15 years or up to the retirement age (whichever is first) · Self-employed can avail loan for 15 Years or up to the age of 65 years (whichever is first) · 85% of the cost of the house (which includes the cost of the land) or Flat for home loans. · 100% of the cost of the improvement can be availed as loan for the Home Improvement Loan. However, this is subject to 75% of the market value of the property. · 100% of the cost of the extension can be availed as home extension loan, but this is subject to 75% of the market value of the property. · For Site Loan (Land Loan), 85% of the purchase cost can be availed as loan

    Documentation for Manipal Housing Finance:

    For Home Loan, Home Improvement Loan, Home Extension Loan, Site Loan (Land Loan) and Home Equity Loans, the following documents will have to be submitted:

    • Duly filled application form with the applicant’s photo affixed.
    • Residence proof, age proof, Identity Proof (Election Identity Card/ PAN Card)
    • Last six months’ Bank Account Statements of all Bank Accounts (which includes OD Accounts/ loan accounts).
    • Salaried individuals will have to provide last three months salary slips and CTC letter. They will also have to produce Form No 16 with IT returns. The last three years total income proof will also have to be produced.
    • Self-employed individuals will have to produce their business profile. They will also have to present the bank with copies of last three years’ income-tax returns and financial statements (the Balance Sheet, tax audit compliance report and P&L Account etc.) will have to be certified by Chartered Accountants.

    For NRI Loans, the following documents will have to be submitted:

    • One local guarantor
    • Copy of Visa/Passport
    • Latest work permit
    • Salary Certificate
    • Latest Service Contract
    • Duly filled application form with affixed photograph
    • Power of Attorney
    • Bank Statement of the foreign account in which the applicant’s salary is credited (copy).
    • Statement of the applicant’s Indian Bank Account. This should reflect the amount that the applicant has remitted funds for a minimum period of six months.

    FAQs:

    1. What is the Rate of Interest for the Home Loans?

      The Rate of Interest will be on `floating basis’. This will be linked to the PLR of the company. Further, the rate of interest will vary according to any change in the PLR. To know the current rate of interest, please contact any branch of MHFSL.

    2. What are the administrative fee, processing fee and prepayment charges?

      You need to contact a branch of MHFSL to find out the administrative fee, pre-payment fee and processing fee applicable.

    3. What is the funding norm for home loans in the case of purchasing a flat/house?

      Applicants can avail up to 85% of the cost (which includes the basic cost of the flat/house, Stamp Duty, Car Parking, registration fee all one time deposits, GST, etc). This is subject to the MHFSL Panel’s evaluation of the Market Value of the property as well as the loan eligibility of the borrower (whichever is lower).

    4. As an NRI, what are the documents that I will need to submit for the NRI loan?

      For NRI Loans, the following documents will have to be submitted:

      • One local guarantor
      • Copy of Visa/Passport
      • Latest work permit
      • Salary Certificate
      • Latest Service Contract
      • Duly filled application form with affixed photograph
      • Power of Attorney
      • Bank Statement of the foreign account in which the applicant’s salary is credited (copy).
      • Statement of the applicant’s Indian Bank Account. This should reflect the amount that the applicant has remitted funds for a minimum period of six months.
    5. What are the different modes of repayment that I can use?

      Modes of re-payment:

      1. Standing Instruction
      2. PDCs (Post Dated Cheques) from NRE Bank Account
      3. Salary deduction
      4. ECS
    Home Loan - Sitemap

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Manipal Housing Finance (MHFSL) Reviews

    • DHFL Home Loan
      "Not satifactory service"
      0.5 1.0/5 "Really Bad"
      I got home loan with DHFL FINANCIAL INSTITUTION . I am not happy with the services even the customer service response is not so good . The loan amount which they gave was good but they charge very high rate of interest . Overall it is fine experience .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 22, 2019
    • LIC Housing Home Loan
      "Should be transparent and prompt"
      0.5 1.0/5 "Really Bad"
      I have housing loan from LIC, the interest is high. My property located in lucknow but I am staying in mumbai hence for the balance transfer its very difficult they need lots of loan documents. Without proper notification they increased the interest but for the reduction they have lots of procedure and I need to pay Rs.1000.
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 22, 2019
    • LIC Housing Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      LIC HOUSING FINANCE has also offered me a home loan. The process was quick and I got the loan on time. The rate of interest is and there were processing charges as well both are very nominal compare to others in the market . The tenure period is 10 year and it is sufficient .
      Was this review helpful? 0
      , vadodara
      Reviewed on Apr 21, 2019
    • review Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have SHAMRAO BANK i have took home loan from this bank . Their service is better, Overall the whole loan process was easy and hassle free. Only the rate of interest were high with this bank. The processing fee is nominal with this bank . And the loan amount is not satisfactory .
      Was this review helpful? 0
      , pune
      Reviewed on Apr 21, 2019
    • HDFC Limited Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      HDFC LIMITED is the bank where i have taken the housing loan the loan amount they have offered was good and satisfactory added on that the documentation process was simple and pretty simple documents. I got the loan within one day, the rate of interest was nominal.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 20, 2019
    • DHFL Home Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I had taken a Home Loan from DHFL LTD a long time back and the loan is still running. The loan amount has been sufficient but the interest rate with them has been quite high, where they had not reduced the interest rate as well. The processing fee and charges which they had made has also been high when compared with the other banks.
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 20, 2019
    • HDFC Limited Home Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      My housing loan process was simple with HDFC Ltd, they took only 3 working days to verify and sanction the amount, they didn't ask any guarantor for my loan, but I feel the interest is bit higher, I took the amount of Rs. 5 lakhs for the duration of five years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Apr 20, 2019
    • ICICI Bank Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have applied or the housing loan with the ICICI BANK the documentation process was simple and easy to get the loan they have given the 95% of value as a loan amount. The duration for repaying the loan is for 20 years and using from last 2 years. The rate of interest was 8.6% which was nominal.
      Was this review helpful? 2
      , pune
      Reviewed on Apr 19, 2019
    • LIC Housing Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I took my housing loan with LIC HOUSING FINANCE previously, They gave me sufficient loan amount based on the requirement, but i felt they have charged me high rate of interest and even they have charged me processing fee high, so i have done balance transfer to other bank.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Apr 19, 2019
    • Bajaj Finserv Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I did balance transfer from one bank to Bajaj finserv for housing loan, the loan amount was sufficient, but rate of interest i felt was less compare to other bank loan, the rate of interest they have charged me up to 8.85% which was nominal, everything is good but i did not like one thing ,like after doing balance transfer i came to know that it is mandatory to pay insurance for premium it use to get lock after paying insurance, i can not do in future balance transfer .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Apr 19, 2019
    • Indiabulls Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I hold my housing loan with Indiabulls for an while. They have given me loan on time without any delay, their service was good. The process in getting loan was simple, i got loan on time. Their rate of interest was nominal, still this loan is running.
      Was this review helpful? 2
      , new delhi
      Reviewed on Apr 19, 2019
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      Last 4month back I took one home loan from HDFC Limited , but I am not satisfied with their rate of interest since it is little high , and loan amount is 30L I am satisfied with loan amount and and EMI amount is 25K and tenure is 25years , but their customer service is not much good ,and response not at a time.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 19, 2019
    • HDFC Limited Home Loan
      "Best service"
      0.5 4.5/5 "Excellent!"
      I hold my housing loan with HDFC LIMITED for an while, their service is good, but not sure about the rate of interest like every 2-3 months they are increasing my limit up to 0.05% i need to check with the customer care regarding this, the loan amount was sufficient, they have not charged me processing fee.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 19, 2019
    • IIFL Home Loan
      "NOT SATISFIED"
      0.5 1.0/5 "Really Bad"
      I have previously used the housing loan with the INDIA INFOLINE HOUSING FINANCE LTD and transferred to another bank because the rate of interest was higher. They have offered the pre approved so taken. There are hidden charges applicable also it is floating rate of interest with this bank which was 32% which am not happy.
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 19, 2019
    • HDFC Limited Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The documentation process was easy and simple with the HDFC LIMITED and housing loan was taken before few days. The rate of interest was lesser so transfered the loan with this bank. The duration is for 30 years to repay the loan. There is a pre closure option with this loan.
      Was this review helpful? 2
      , mumbai
      Reviewed on Apr 19, 2019
    • HDFC Limited Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I am satisfied with loan amount of 8L with the rate of interest is 8.65% , EMI amount is 6769 rupees and tenure is 20years. It was taken last two years back from HDFC LIMITED and their overall service is good but I would like close this loan after 3 to 4 months.
      Was this review helpful? 2
      , new delhi
      Reviewed on Apr 17, 2019
    • Bank Bazaar Home Loan
      "balance transfer"
      0.5 4.0/5 "Great!"
      i like your offer...t is the first time experience with the Bankbazaar.com and i have a good experience with this channel. I prefer using it through the mobile application as the application is simple and user friendly to access. The customer service is good.
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 17, 2019
    • Axis Bank Home Loan
      "Process is good"
      0.5 5.0/5 "Blown Away!"
      My home loan is with Axis Bank and the process to get the loan is good. The disbursement happened on time and the customer support and response is good. The documentation was also a smooth process. The rate of interest and processing charges is normal.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 17, 2019
    • IDBI Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I took housing loan with IDBI bank for an while, the loan amount which they have given me was good, it was sufficient based on my requirement, the rate of interest and their processing fee which they have charged me was nominal, AS it is government bank their service is not that up to the mark, but the interest rate was less so i applied.
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 17, 2019
    • LIC Housing Home Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      LIC housing is good but interest is the concern, I took the amount Rs. 20 lakhs for 20 years. They quoted 10.8% its a floating one, they didn't revise the interest as per the RBI guideline. But they do have balance transfer, part payment and other options.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 17, 2019
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.