Normal Loan Property

Benefits

• Finance facilities at low cost
• Up to 25 years of repayment term
• Fast assessment and disbursement

Disclaimer:

MHC onboarding process and Terms and Conditions apply

What are the documents required?

• Proof of identity
  • Birth certificate*, national identity card and marriage certificate* or divorce certificate* (if applicable) of the borrower and spouse and/or co-applicants/usufruct owners/guarantors and those holding rights in the property. 
• Proof of income
  •  Salaried clients should produce 3 preceding salary slips and bank statements. 
  • Self-employed clients should produce their certificate of employment/BRN and 12 preceding bank statements. 
  • MRA Return
• Other documents required
  • title deed of property 
  • Promesse de vente / Soldes de Prix from Estate Agent
  • memo of survey & site plan 
  • location plan 
  • development & Morcellement permits (if applicable) 
  • proof of employment 
  • your last PEL receipt 
  • For clients working abroad: work permit & visa (5 years minimum)
• Additional conditions
  • The client will be requested to contribute the equivalent of an instalment of one-month loan (six months for clients working abroad) in his/her PEL account, which will be locked over the loan period.
  • New clients will be required to make a minimum monthly contribution of Rs300 in his/her savings (PEL) account. This contribution will be locked and no withdrawal will be allowed until the loan is repaid in full with accessories.

* Should be less than 3 months and MoCloud accepted.

Disclaimer:

MHC onboarding process and Terms and Conditions apply