Motilal Oswal Home Finance Limited

Company Overview :  Incorporated on 1 October 2013, Motilal Oswal Home Finance Limited is a housing finance company that focuses on the business philosophy of financial inclusion of middle and lower-income families by offering them long-term housing finance. The company provides home loans to families and individuals for construction, purchase, renovation, and extension of the house.

Several services that are offered by MOHFL:

1. Home Purchase Loan:

Motilal Oswal Home Loans helps to acquire a ready /under construction residential property / construction of a residential property on own land. MOHFL also provides loans to refinance home loan availed by the customer from other Banks / HFCs.

2. Construction Loan:

Home Construction Loan gives tailored and flexible finance to put building blocks for construction of home. The loan is disbursed as per the stage of construction, giving you the flexibility to contribute your share too in parts. MOHFL Home Construction Loan is extended to construct residential premises either from a contractor or contractual builder on a freehold owned plot of non-agricultural land as per plan approved by the local authority.

3. Home Improvement Loan:

It offers loans for renovation of an existing space for a more comfortable environment and a better quality of living. This loan facilitates internal and external repairs and other structural improvements in existing home. Towards this end, the MOHF Home Improvement Loans would typically cover the following improvements: Tiling, Flooring, Roofing, Painting, Electrical work, Plumbing work, Furniture work, Waterproofing, and Grill work for windows.

4. Home Extension Loan:

MOHFL provide loans to construct additional room/s or floor within the permissible building plan.

5. Loan Against Property:

MOHFL Loan Against Property product, provides the opportunity to leverage assets for fulfilling financial needs.

Key Strength of MOHFL:

• Motilal Oswal’s operating margins continue to remain stable despite the fluctuations in market volumes and revenues. This is a result of creating a robust business model that can withstand the cyclical fluctuations in business volumes and simultaneously capture the opportunities provided by the structural growth of India. During the year, CRISIL Limited reaffirmed the Credit Rating of “CRISIL A1+” to the Commercial Paper Programme of Rs. 1500 crores (enhanced from Rs. 1300 crores) of the Company. CRISIL Limited reaffirmed the Credit Rating of “CRISIL A1+” to the Commercial Paper Programme of Rs. 2500 crores and “CRISIL A1+” to the Commercial Paper Programme of Rs. 800 crores (enhanced from Rs. 500 crores) of Motilal Oswal Finvest Limited, a subsidiary of the Company. CRISIL has also reaffirmed its ‘‘CRISIL AA-/CRISIL PP-MLD AA-r/Stable/CRISIL A1+’’ rating on the debt instruments and bank loan facilities of Motilal Oswal Home Finance Limited. ICRA Limited assigned the credit rating of “[ICRA] AA (Stable)” to the NCD programme of Rs. 100 crores and reaffirmed the credit rating of “[ICRA] AA(Stable)” to the NCD Programme of Rs. 200 crores of the company. ICRA has reaffirmed its ‘[ICRA]A+ (Stable)/ PP-MLD ICRA A+/Stable/ICRA A1+’ rating on the debt instruments and withdrawn rating for bank loan facilities of Motilal Oswal Home Finance Limited. India Ratings and Research reaffirmed rating of “IND A1+” to Commercial Paper Programme of Rs. 1500 crores of Motilal Oswal Financial Services Limited. India rating also reaffirmed rating of “IND A1+” to Commercial Paper Programme of Rs. 3000 crores and assigned a new rating of “IND A1+” to Commercial Paper Programme of Rs. 300 crores of Motilal Oswal Finvest Limited. During the year, India Ratings has assigned a short-Term issuer rating of ‘IND A1+’ to Motilal Oswal Home Finance Limited. The ratings indicate a strong degree of safety regarding timely servicing of financial obligations.