While the world knows Mumbai to be the entertainment capital of India, it is home to more than 2 crore. Popularly known by its earlier name ‘Bombay’, the city gains its importance from being the financial capital of India. The city holds several large-scale activities and events throughout the year demanding space for commercial real estate.
People not only visit Mumbai as tourists, but they also migrate here for work and livelihood. This has given way to an unprecedented demand for commercial as well as residential properties. This rise in demand has attracted many popular and big builders to provide affordable solutions to Mumbaikars.
If you have a regular source of income and can afford to pay regular EMIs, Loan Against Property in Mumbai is the ideal option to generate surplus funds at reasonable interest rates in the city. Mortgage loan in Mumbai and across other parts of India refers to the loan obtained against your commercial or residential property.
Poonawalla Housing is one of India’s largest and most reputed financial corporations. The company fosters trust, integrity, transparency, and excellence as its core values. With more than 250 branches across the country, Poonawalla Housing offers specially curated LAP Loan in Mumbai, among other cities. You can avail most competitive Loan Against Property interest rates in Mumbai with Poonawalla Housing.
You can simply visit the website and apply online for Loan Against Property. Not only this, but you can also calculate the loan amount you can avail by using the Loan Against Property calculator available at the website.
Here’s a detailed look at the unique features and benefits you can avail by taking a Loan Against Property from Poonawalla Housing:
You can get the best possible loan-to-value (LTV) against your property with us and meet your personal and business monetary requirements. A higher LTV means a larger corpus to meet emergency expenses.
Faster loan processing:
We understand that you may need funds to meet emergency expenses, which is why we ensure faster processing of your loan application through a simple process that takes away the complexity normally loans come with.
Loan against property documentation required by us is simple and minimal. This takes away the stress from the loan sanction process for you and speeds up the process further.
We offer you loans for a longer tenure with smaller EMI options. Smaller EMIs would not burden your pocket beyond your capacity and keep you in a comfortable financial position every month for the entire tenor of your loan.
Competitive interest rates:
We offer loans at competitive rates and our Loan Against Property eligibility is such that it covers borrowers across all walks of life who wish to avail of a LAP.
Transparency in processing:
You would not have to face any hidden charges or fees with us as we communicate about all the charges upfront when you avail a loan with us.
Loan against different properties:
We cover a vast range of properties such as warehouses, commercial or residential properties against which you can avail a loan.
Amount of loan:
You can avail a loan of as small as Rs.5 lakh and go up to Rs.25 lakh, depending on your requirement.
Loan Against Property is highly in demand these days as it is cheaper compared to other types of loans and the loan amount can be used to meet a variety of financial needs of the borrower. Meet all your expenses with our customised Loan Against Property offering and fulfil your financial goals comfortably.
Fill in your basic details on the online form.
Submit your KYC, Income documents, Bank account with a copy of property documents statements.
Application will process for a quick verification and assessment of your documents.
Get the loan approval in a hassle-free and quick process.
That’s it! Your Loan Against Property gets instantly disbursed.