Mortgage Loan
Secure your dream home with ONDO Finance's comprehensive mortgage loan solutions offering competitive interest rates and flexible repayment terms.
Interest Rate Starting From
8.50% p.a.
Processing Fee From
0.50%
Loan Amount Up To
₹10 Crore
Tenure Up To
30 Years
Quick Eligibility Check
Why Choose Our Mortgage Loan?
Our mortgage loan is designed to provide you with the best financing options for purchasing or refinancing your home.
Competitive Interest Rates
Enjoy some of the lowest mortgage rates in the market, starting from just 8.50% p.a.
Flexible Tenure Options
Choose a repayment period that suits your financial situation, with options up to 30 years.
High Loan-to-Value Ratio
Get financing for up to 90% of the property value, minimizing your initial down payment.
Quick Processing
Fast approval process with in-principle approval in as little as 24 hours after documentation.
Minimal Documentation
Simplified paperwork process with clear requirements and digital submission options.
Dedicated Support
Personal loan officers to guide you through the entire mortgage process from application to closing.
Mortgage Loan Options
Choose from our range of mortgage products designed to fit different needs and financial situations.
Purchase Mortgage
A standard home loan to finance the purchase of a new residential property, whether it's your first home or an upgrade.
- Up to 90% financing for properties valued under ₹75 Lakhs
- Up to 80% financing for properties valued between ₹75 Lakhs to ₹2 Crore
- Up to 75% financing for properties valued above ₹2 Crore
Refinance Mortgage
Replace your existing home loan with a new one offering better terms, lower interest rates, or the ability to cash out equity.
- Up to 85% of the current property value
- Minimum 1 year of consistent payment history on existing loan
- Special rates for borrowers with excellent credit history
Construction Mortgage
Finance the construction of a new home on land you already own, with funds disbursed in stages according to construction progress.
- Up to 75% of construction cost plus land value
- Stage-wise disbursement with progress monitoring
- Interest-only payments during construction phase
Balance Transfer
Transfer your existing home loan from another lender to us to benefit from our lower interest rates and better service.
- No processing fee for balance transfers
- Special interest rate concessions available
- Option to get additional top-up loan amount
NRI Mortgage
Specialized home loans for Non-Resident Indians looking to purchase, construct, or renovate property in India.
- Loan in INR with repayment from NRE/NRO accounts
- Digital application and documentation process
- Power of Attorney options for property formalities
PMAY Linked Housing Loan
Home loans linked with the Pradhan Mantri Awas Yojana (PMAY) scheme, offering interest subsidies for eligible borrowers.
- Credit-linked subsidy up to ₹2.67 Lakhs
- Available for first-time homebuyers in eligible income categories
- Assistance with PMAY application and documentation
Eligibility Criteria
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Age
21 to 65 years of age at the time of loan maturity.
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Income
Minimum monthly income of ₹25,000 for salaried applicants and ₹3 Lakhs annual income for self-employed.
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Employment/Business Stability
Minimum 2 years of experience in the current profession or business.
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Credit Score
CIBIL score of 700 or above for best rates. Scores between 650-700 may be considered with higher interest rates.
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Property Criteria
The property should have clear, marketable title and all required approvals from local authorities.
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Maximum EMI to Income Ratio
Your total EMI outgo (including this loan) should not exceed 50-60% of your monthly income.
Required Documents
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Identity & Address Proof
Aadhaar Card, PAN Card, Passport, Voter ID, Driving License, Utility bills (not older than 3 months).
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Income Documents (Salaried)
Latest 3 months' salary slips, Form 16 or Income Tax Returns for last 2 years, Bank statements showing salary credits for the last 6 months.
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Income Documents (Self-Employed)
Income Tax Returns for the last 2 years, Profit & Loss account and Balance Sheet for the last 2 years (certified by CA), Business existence proof, Bank statements for the last 6 months.
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Property Documents
Sale deed/Agreement for sale, Property tax receipts, Approved building plan, NOC from society/builder, Chain of title documents, Encumbrance certificate.
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Additional Documents
Processing fee check, Passport-size photographs, Completed loan application form, and any other documents as specified during the application process.
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For NRI Applicants
Copy of passport with visa stamps, Overseas bank account statements for 6 months, Work permit/Employment contract, Power of Attorney (if applicable).
Mortgage Loan Application Process
A simple and transparent process to help you secure your dream home.
Application
Fill out our simple online application form or visit one of our offices to apply in person.
Documentation
Submit the required documents for verification. Our team will guide you through the process.
Verification
We'll verify your documents, conduct a credit check, and evaluate the property.
Approval
Receive your loan approval letter with the terms and conditions of your mortgage.
Property Legal Check
Our legal team will examine property documents to ensure there are no ownership disputes.
Disbursement
Sign the loan agreement, complete the mortgage deed, and receive your loan amount.
Frequently Asked Questions
Find answers to common questions about our mortgage loans.
Tax Benefits on Home Loans
Enjoy significant tax advantages when you take a mortgage loan.
Section 24(b) - Interest Payment Deduction
You can claim a deduction of up to ₹2 lakh per financial year on the interest paid on your home loan. For self-occupied property, the maximum deduction is ₹2 lakh, while for rented or deemed-to-be-rented property, the entire interest paid is deductible.
Section 80C - Principal Repayment Deduction
The principal repayment of your home loan is eligible for tax deduction under Section 80C, up to a maximum of ₹1.5 lakh per financial year. This limit is shared with other eligible investments like EPF, PPF, ELSS, etc.
Section 80EE - Additional Interest Deduction
First-time home buyers can claim an additional deduction of up to ₹50,000 per financial year on the interest paid, subject to conditions like loan sanction date, loan amount, and property value.
Section 80EEA - Affordable Housing Interest Deduction
An additional deduction of up to ₹1.5 lakh per financial year is available for interest paid on loans for affordable housing, subject to conditions like property value and carpet area.
Note: Tax benefits are subject to changes in income tax laws. Please consult a tax advisor for detailed and up-to-date information regarding tax benefits applicable to your specific situation.
Ready to Take the First Step Towards Your Dream Home?
Apply for a mortgage loan today and let our experts guide you through the entire process.