Managed by the Motilal Oswal Group, Motilal Oswal Home Finance Limited has its unlisted stocks available for purchase on the Minance Private Market.
Previously known as Aspire Home Finance Corporation Limited, the company is run by Mr Vijay Kumar Goel as the MD and CEO, a master with over twenty-four years of experience in the Indian financial services industry.
Motilal Oswal Home Finance is registered with National Housing Bank (NHB) which aims towards creating wealth for all its customers, such as institutional, corporate, High net-worth individuals, retail, etc. Thus, attaching goodwill to its unlisted stocks.
The company works on the belief of financial, including the Lower and Middle Income (LMI) Indian families by affording them access to long term housing financial services with integrity.
MOHFL received its Certificate of Registration from the National Housing Bank in May 2014 and has been running its operations in full force since day one.
As of March 2020, the company has its business functioning in almost 110 branches spread all over the country, including Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Rajasthan, Chhattisgarh, Tamil Nadu, Telangana, and Andhra Pradesh.
Currently, the company operates businesses in in-house developed software called “Loan Origination System” (LOS) and “Loan Management System” (LMS).
MOHFL unlisted stocks are priced at a reasonable scale which goes in line with the core business of the company, to provide home loans with feasibility and ease.
It provides home loans to its customers for services related to purchasing, construction, or extension of the house.
Moreover, it also provides home loans for renovation purposes to families in the self-employed, cash salaried category. In cases where documents such as income reports are not available, the repayment capacity is assessed based on cash flows and Internal Score Cards. This is done to ensure that no customer goes empty-handed from, and thus, it is a valuable addition to MOHFL unlisted stocks.