Instant Loans Against Property by Poonawalla Fincorp in Mumbai
You can now easily avail yourself of instant loans in Mumbai against your property from our Mumbai branch! Use our Branch Locator or apply online for a quick approval.
Mumbai – India’s largest city and financial capital, the heart of Bollywood, and the capital city of Maharashtra, is popular even internationally. The highly populated city is known for its UNESCO World Heritage Sites and for having the highest number of millionaires and billionaires in the country. Along with the population, the city is also booming with businesses to cater to all the needs of the people.
Needless to say, financial institutions are expanding in the financial capital. Poonawalla Fincorp is one of the top NBFCs in Mumbai for a Loan Against Property that offers multi-purpose loans in Mumbai. Having one of the lowest interest rates in Mumbai, longer repayment tenors, higher LTV ratio on the property value, minimal documentation, and quick sanctions; meet your monetary needs with our LAP! We are a finance company in Mumbai facilitating quick disbursal to fulfil all your needs.
Advantages and Benefits of Loan Against Property in Mumbai
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High LTV on Market Value
Whenever in a financial crunch, you will want to get the highest possible loan amount on your security. In a LAP, this is decided by the LTV ratio on the market value of the property. Poonawalla Fincorp offers you a higher LTV ratio, which ensures you get enough funds to fulfil your requirement. Along with that, we also ensure that you get an easy Loan Against Property in Mumbai. -
Competitive Interest Rates
You can now avail of a Loan Against Property in Mumbai, at an affordable interest rate. This ensures your property is leveraged cost-effectively and helps you manage the EMIs in a pocket-friendly way. -
Quick & Easy Processing
Our loans are processed quickly because of our easy online application process, basic eligibility criteria, and minimum documentation requirement. Thus, you can have a seamless experience of getting an easy Loan Against Property in Mumbai with Poonawalla Fincorp. -
Long Repayment Tenor
Loans against property can be of huge amounts and paying them off can be a burden, unless you have a flexible lender like Poonawalla Fincorp. We offer a tenor of up to 15 years so that you can manage your instalments easily and repay your loan without the burden. -
No Hidden Costs
We maintain 100% transparency in communicating each applicable charge during the processing of your loan. We levy a nominal processing fee that ranges between 1 - 2% of the approved sanction plus taxes. If you choose to foreclose your loan, we charge 4% of the principal outstanding amount plus taxes. -
Loan on Varied Properties
Avail loan from Poonawalla Fincorp in Mumbai on different assets including residential, commercial, warehouse, and industrial properties. You can avail of loans Up to ₹5 crores which can be used without any restrictions.
Uses of Loan Against Property from Poonawalla Fincorp
- Since there is no restriction on how you can spend the sanctioned amount, you can spend it for purposes like:
- Debt Consolidation - It can be difficult to manage several loans with different interest rates and repayment tenors. Instead, you can go for one loan that enables you to close multiple loan accounts. This ensures you pay only one EMI and save by getting a Loan Against Property at the lowest interest rate in Mumbai.
- Home Renovations - You can mortgage your residential or commercial property to fund the expenses of home renovations or expansion. You can use the funds for fixtures, painting work, carpentry, and buying new furniture or appliances.
- Personal or Family Expenses - Get a higher loan value with Poonawalla Fincorp to fund your child’s education, overseas tuition and expenses, or for a grand affair like a wedding. One most important feature of our Loan Against Property is that you can borrow a larger amount with a repayment tenor of 5 – 15 years.
- Medical Emergencies - You might need more financial backing than your insurance policy in medical emergencies. Get a Loan Against Property on time with our minimal documentation and quick approvals.
- Setting Up Business and Expansion - Whether you’re starting a new venture or expanding your existing one, you need a lot of capital. Make use of our Loans Against Property with affordable interest rates to fund all of your requirements.
How does one avail of Loan Against Property in Mumbai?
If you’re wondering how to apply for a LAP, you can always complete the online application. At Poonawalla Fincorp, we take pride in customer satisfaction. Here are a few of our branches near you:
- Branch Addresses of Poonawalla Fincorp, NBFC in Mumbai for Loan Against Property:
- Unit No. 73, 7th floor, Kalpataru Square, Andheri-Kurla Road, Andheri (East), Mumbai - 400059
- 211,2nd Floor, Gauri Commercial Complex, Sector 11, Plot no. 19, CBD Branch, Navi Mumbai -400614
Contact - 1800 266 3202, Timings: 9.00 a.m. – 6.00 p.m. from Monday – Saturday
Drop by our branches anytime! We’d be happy to serve you!
Borrowing a loan can seem like a complex process, but we promise to make it simple for you. You can check the needed documents required and eligibility criteria from the comfort of your home. Plan better by using our free LAP EMI Calculator beforehand. With affordable loan rates, longer repayment tenor, and minimal documentation; you can now get your Loan Against Property sanctioned right in your city, Mumbai!
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