At OCHFL, we understand that buying, building, or improving a home is one of the biggest financial decisions you’ll ever make. That’s why we offer a range of affordable, transparent, and flexible loan products to meet the unique needs of customers from different income groups whether you’re a salaried employee, a self-employed professional, or an informal income earner. Our offerings support Economically Weaker Section (EWS), Lower Income Group (LIG), and Middle Income Group (MIG) customers and include PMAY’s Credit-linked Subsidy Scheme (CLSS) where applicable.
Each of our products is designed to ensure easy access, low documentation, competitive interest rates, and flexible repayment tenures, making home financing a smooth and transparent process for the underserved segments of society. The loan is disbursed in phases linked to the construction progress, offering convenience and financial discipline.
We offer housing loans to individuals looking to purchase a new or resale residential property, whether it is an apartment, independent house, or affordable housing unit. These loans are structured to enable first-time buyers to access home ownership with manageable EMIs and minimal documentation.
For customers who own a plot or parental land and wish to construct a house, we provide construction loans that cover costs from foundation to completion. These are especially beneficial in rural or semi-urban areas where self-construction is preferred.
This product is designed for individuals who intend to purchase a plot and construct a home on it within a defined time frame.
We offer financing to existing homeowners for repairing, renovating, or upgrading their homes whether it’s flooring, roofing, kitchen remodelling, painting, or adding additional space. These loans help improve living conditions without the need for complete reconstruction.
For customers who already own property, we offer LAP as a way to unlock the value of their asset by borrowing against it. These funds can be used for a variety of personal or business purposes, including education, healthcare, business expansion, or refinancing high-cost debts.
At OCHFL, our loan products are carefully designed to meet the unique financial capabilities and aspirations of customers from the affordable housing segment, particularly those belonging to the Economically Weaker Sections (EWS), Lower Income Groups (LIG), and Middle Income Groups (MIG). We understand that for many of our customers, buying a home is not just a financial decision it’s a lifelong dream. That’s why we offer loan solutions that are simple, flexible, and tailored to their needs.
We offer housing loans ranging from ₹2 lakhs to ₹50 lakhs, catering to everything from basic home improvement needs to full-fledged home purchases and construction. This wide range allows us to serve both ultra-low-income earners and modest middle-income households.
To ensure EMIs remain manageable, we offer repayment tenures of up to 20 years. Longer tenure options give customers the flexibility to align repayments with their income levels and reduce monthly burden especially critical for self-employed and informal-income families.
At OCHFL, we offer transparent, fair, and competitive pricing tailored to each borrower’s risk profile and repayment capacity. Our interest rates are designed to remain affordable especially for first time homebuyers and those with limited or non-traditional income while ensuring long term sustainability of services for the underserved housing segment.
Our lending rates are linked to the Orange City Retail Prime Lending Rate (ORPLR), which currently stands at 18.75%, effective January 01, 2023. Prior to this, ORPLR stood at 18.25%. This benchmark is reviewed periodically based on market conditions, cost of funds, and regulatory guidelines.
| Weighted Average Cost of Funds | XX.XX% | |
| + | Net Interest Margin (NIM) | XX.XX% |
| + | Operating Expenses | XX.XX% |
| + | Provisions & Contingencies | XX.XX% |
| + | Return on Minimum Risk Weighted Capital | XX.XX% |
| = | ORPLR | XX.XX% |
We take pride in enabling home ownership for those who are often left out of mainstream financing such as vegetable
vendors, electricians, domestic workers, small business owners, drivers, and factory workers. Our loan products are
backed by personalized service, doorstep assistance, and minimal documentation requirements, making the borrowing
process simple and inclusive.
By offering responsible credit with customer-centric policies, we continue to support the aspirations of India’s
emerging middle class and economically vulnerable households, helping them move into homes they can truly call their
own.
Submit a loan application with basic KYC and income details via our branch or online form. We assess PMAY eligibility (EWS/LIG/MIG), property type, and first-time buyer status, then guide you through subsidy documentation. Visit our Contact page for branch addresses in Mumbai, Nagpur, Raipur, and Kalyan.
We offer competitive, risk-based pricing for salaried and self-employed customers across Mumbai, Nagpur, Raipur, and Kalyan. Tenures up to 20 years help lower EMIs. Final rates depend on income stability, credit profile, and loan-to-value.
Our underwriting supports informal and semi-formal income profiles using surrogate assessments. We focus on affordability, repayment capacity, and transparent terms to enable first-time home buyers in Tier 2 and Tier 3 markets.
Eligible first-time buyers can avail interest-linked subsidy under PMAY 2.0 subject to income category and property norms. Our team facilitates eligibility checks and submission to the nodal agency.
We keep documentation simple with KYC, basic income proof or surrogate income assessment, and property documents. Doorstep service is available in many locations.
With complete documents, in-principle sanctions can be issued quickly. Property legal and technical checks follow prior to disbursement.
We evaluate cash flows through bank statements, business proofs, and alternative assessments. Speak to our team for acceptable documents in your case.
We offer PMAY-subsidy eligible home loans, home construction loans (including plot + construction), home improvement loans, and loan against property (LAP) across multiple cities.
PMAY – Credit-linked subsidy for first-time home buyers
PMAY 2.0 – Interest rate linked subsidy for first-time home buyers
| Loan Product | Minimum Interest Rate | Maximum Interest Rate |
|---|---|---|
| Housing Loan (Purchase/Construction) | 10.00% | 15.00% |
| Home Improvement/Renovation Loans | 10.00% | 16.00% |
| Loan Against Property (LAP) | 15.00% | 21.00% |
This risk-based pricing model ensures that customers with stronger credit worthiness are rewarded with lower rates, while those from informal income backgrounds are assessed fairly using customized credit evaluation tools developed in-house.
The final interest rate offered will be clearly mentioned in the in the sanction letter, loan agreement & it’s related documents.
The interest rates offered are transparently disclosed and structured in compliance with the regulatory guidelines of the Reserve Bank of India (RBI) and the National Housing Bank (NHB), ensuring fairness and customer protection.
Nature and stability of income (formal, informal, or semi-formal)
Credit history and repayment behavior
Loan amount and tenure
Property type and location
Fixed Obligation to Income Ratio
