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Manipal Housing Finance Syndicate Limited

Build your dream home with our wide and flexible range of loans

Manipal Housing Finance Syndicate Limited (MHFSL) is a NHB registered Housing Finance Company, having its Registered & Corporate Office at “Manipal House”, Manipal – 576 104, Udupi, Karnataka.

The company is jointly promoted by Syndicate Bank, a premier Public Sector Bank and well known Manipal Group.

MHFSL came into being in the year 1986 as a Public Limited Company. It is a Triple `B+’ rated HFC, with permission from National Housing Bank (NHB) to accept public deposits. It belongs to the Manipal Group, founded by Late Dr T M A Pai, which has made its mark in diverse areas such as, banking & finance, education & health care, printing & publication, hospitality and information technology, etc.

Housing being a fundamental necessity has always had and continues to have significant socio-economic implications and plays a very important role in economic development. Housing is a vital input in economic, social and civic development and in terms of importance, it occupies third place after food and clothing. Several vocations and professions either directly or indirectly derive their livelihoods from housing. By means of investment in housing and acquiring houses people in general and low income groups in particular, get at equity which can always be used as collateral for availing bank finance for generating income.

In spite of increase of about 33 per cent in housing stock during the last decade, housing shortage is a serious problem in India even at present. There is a mismatch between the availability and actual need for houses. As per estimate for 2012-17, urban areas have about 95 per cent shortage in economically weaker sections and lower income groups while rural areas have about 90 per cent shortage in below poverty line category. By 2030, India’s urban population may increase to 590 million which will be about 40 per cent of total population. As a result, housing shortage will further increase in urban areas. Addressing the problem of housing shortage by improving affordability has now become an avowed objective of Government.

The main objective of MHFSL is to provide long term finance to individuals for acquisition/construction/repairs/renovation of houses. The company also has the objective of extending finance on existing property for business/personal needs.

MHFSL offers wide range of home loan products tailored to meet the needs of individual clients.