We heartily pray and wish for the well-being of all of you. We are determined to emerge stronger and we trust together we can and we will. Please find herewith our endeavors/advise for your financial Stability and well- being too.
As per the RBI notifications, the Board of Directors of the Company has decided not to raise the instalment demand from March 2020 to August 2020 and Borrowers may opt not to pay the Instalment during the period. The notification also states that, the Interest shall continue to accrue on the outstanding portion of the loans during the moratorium period.
In the case you wish to avail moratorium you are requested to refer the following points for better understanding:
If borrower wants to avail the moratorium but also wants to continue paying some amount as per his convenience, as at present sufficient liquidity is available but considering disruptions and economic uncertainty on account of COVID and lockdown, customer is of the view that temporary disruption in cash flow may arise in future and considering this customer may want to keep the amount paid as an advance with the company, then the customer may continue doing the same. The effective credit of same will be given to their loan account. No pre-payment charges will be recovered and the benefit of the interest would be passed on to the customer. Any amount received during this period would be adjusted against the next EMI/EMIs due after the moratorium period or credit facility amount outstanding after the moratorium period.
If customer does not want to opt the relaxation under this moratorium scheme and wants to continue paying EMI regularly as per general terms and condition then the customer is required to inform us. The customer may contact us as per the details mentioned in annexure. The customer needs to contact us before August 31, 2020 as per the details mentioned in annexure.
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MAS Rural Housing and Mortgage Finance Limited
MAS has always endeavored to provide the most efficient financial services to the class of the customers it caters to. Some of the key differentiators which sets MAS apart are -
With diverse loans options in its arsenal, MAS is focused on fulfilling the requirements of lower income and middle-income groups of the society. We offer Financial Services for purchase or construction of home and commercial loans, extension and renovation of homes and construction finance for upcoming affordable housing projects.
Now you can have all your home loan related information at your fingertips by using our simple calculators, they can help you know your monthly installment, home loan eligibility and many more things which can help you in picking out the right loan option for you.
I am a safai kamdar with Municipal Corporation. I was staying in joint family parental house. I always dreamt of having an independent accommodation, which was fulfilled by purchasing a resale home with the help of MRHMFL Home loans.
I am a government school teacher and my dream of owning a house was fulfilled by MRHMFL by providing me loan for purchase of resale house. Thanks to MRHMFL for the same.
I am a farmer also having milk income, staying in an ancestral joint family property with my brother. Our need of an independent house was fulfilled by MRHMFL through their extension loan.
I am a farmer living in a tin shed house in a village. Thanks to MRHMFL for providing me a pukka house.
I own a tempo and I am into business of loading & unloading of goods. MRHMFL, by considering my daily income, fulfilled my dream of owning a new house.
I am basically an agriculturist and a small scale retail hardware trader. Thanks to MRHMFL for considering my agriculture income as well and fulfilling my dream to own a new house.