Discover the process of making online payments for your Motilal Oswal Home Finance loan. This article provides a simple guide for managing your loan payments online through the Bajaj Finserv BBPS Platform.
You can easily pay your loan EMIs here.
Pay Motilal Oswal Home Finance loan EMI online
Managing your loan payments efficiently is crucial to maintaining a healthy financial life.
Motilal Oswal Home Finance Limited (MOHFL) is a professionally managed, affordable housing finance company with a unique combination of financially sound and technically experienced promoters. These promoters are well-known for their professional ethics and strong execution capabilities. MOHFL offers hassle-free loans for home construction, plot purchase, and commercial property with easy documentation, quick disbursal, and full transparency.
In this article, we will explore how you can conveniently pay your Motilal Oswal Home Finance loan EMIs online, check your loan statement, and find verified contact details for payment-related issues.
How to pay loan EMI online?
Paying your Motilal Oswal Home Finance loan EMI online is now easier than ever with the Bajaj Pay, the BBPS platform by Bajaj Finserv.
The Bajaj Finserv BBPS Platform simplifies online loan repayment and offers several advantages. Some of the most prominent ones being:
- Multiple payment options: The BBPS platform provides flexibility by allowing borrowers to pay their Motilal Oswal Home Finance loan EMIs through various channels. Whether it is net banking, credit cards, debit cards, wallet or UPI, you can choose the method that suits you best.
- Enhanced security: Security is paramount when dealing with financial transactions. The BBPS platform ensures encrypted and secure payment gateways, safeguarding your sensitive information during the process.
- Instant receipts: No more waiting for manual updates. With BBPS, you receive instant payment confirmation and digital receipts. This transparency helps you keep track of your payments effortlessly.
Steps to make Motilal Oswal Home Finance loan payment on the Bajaj Finserv website
Follow the below steps for making loan payment via the Bajaj Finserv BBPS Platform:
- Visit the Bajaj Finserv website.
- Navigate to the ‘BILLS AND RECHARGES’ section under ‘PAYMENTS.’
- Select ‘LOAN REPAYMENT’ under ‘FINANCIAL SERVICES AND TAXES.’
- Select your operator from the drop-down menu
- Enter your ‘USERNAME’ and click on ‘FETCH BILL’
- Select a payment method from the list of available payment options such as credit card, debit card, UPI, e-wallet, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
Offline Motilal Oswal Home Finance loan repayment
While online payments are convenient, some borrowers prefer offline methods.
If you choose to visit a bank branch for loan repayment, follow these steps:
- Locate the nearest Motilal Oswal Home Finance branch
- Visit the branch during working hours
- Provide your loan account details
- Pay your EMI in person
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How to check your Motilal Oswal Home Finance statement
Keeping track of your loan transactions is essential. To check your Motilal Oswal Home Finance statement, follow these steps:
- Visit the Motilal Oswal Home Finance website
- Log in to your account
- Look for the option to view your loan statement
- Download the statement for your records
Contact details for payment related issues
If you have any payment-related queries or concerns, reach out to Motilal Oswal Home Finance using the following contact details:
- Customer care: Call the number +91-22- 50362730 to reach out to Motilal Oswal customer care.
- Email: Share your concerns via email on hfgro@motilaloswal.com.
Motilal Oswal Home Finance home loan fees and charges
Processing fee
Up to Rs 10,000
ECS/Cheque/NACH dishonour charges per transaction
Rs 500
Document retrieval charges
Rs 1,500
Late payment charges
24% p.a.
Charges for account statement/prepayment or foreclosure statement/duplicate or no due certificate
Rs 2,000 + GST (18%)= Rs 2,360
CERSAI charges
CERSAI Creation/ CERSAI Modification:· For Loan Amount up to Rs 5 lakh- Rs 50
For Loan Amount more than Rs 5 lakh- Rs 100
CERSAI Discharge: NIL
Sanction revalidation charges
Rs 1,500
Technical visit charges
First Disbursement Visit- FreeSubsequent Disbursement Visit- Rs 750
Collection visit charges
First Visit- Rs 250 Subsequent visits in the same month- Rs 250 over the previous visit charges, i.e. Rs 500, Rs 750, and so on
Cancellation and Re-issuance of disbursement cheque
Rs 1,000
Pay other banks’ loan EMI online
Apart from ICICI Finance loan repayment, you can pay EMI for other loan providers across India, such as:
- Visit the Motilal Oswal Home Finance website
Recharge and Pay Bills
Bajaj Finserv app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
Missing an EMI payment deadline can have consequences. Motilal Oswal Home Finance typically charges a late fee for delayed payments. It is essential to pay your EMIs promptly to avoid penalties and maintain a good credit history.
The late payment charges vary depending on the loan type and the specific terms of your agreement. Generally, it includes a percentage of the overdue amount. To get accurate details, refer to your loan agreement or contact Motilal Oswal Home Finance directly.
Yes, you can pay your Motilal Oswal Home Finance loan using cash. Visit the nearest Motilal Oswal Home Finance branch and make the payment in person. Ensure you receive a proper receipt for your records.
To set up a National Automated Clearing House (NACH) mandate for automatic EMI deductions:
- Visit your bank branch
- Fill out the NACH mandate form
- Provide necessary details, including your Motilal Oswal Home Finance account number
- Submit the form to authorise automatic deductions from your bank account
- The interest rate for Motilal Oswal home loans starts at 11.75% per annum. This rate applies to loan amounts of up to Rs. 50 lakh and tenures of up to 25 years.
- For salaried individuals, the interest rate ranges from 11.75% to 16.00%, while for self-employed individuals, it ranges from 12.75% to 17.00%.
Motilal Oswal Home Finance was previously known as Aspire Home Finance Corporation.
