Loan Amount
Up to ₹25 Crore
Interest Rate
Starting at 9.5%* p.a.
Loan Tenure
3-15 Years

Get a Loan Against Property in Mumbai Seamlessly

The bustling city of Mumbai is known for diverse industries such as finance, banking, insurance, IT services, and the Bollywood film industry. Tackle the cost of living or any other expenses in this city by leveraging your residential or commercial property. Get a Loan Against Property in Mumbai to cover personal development, higher education, weddings, etc., with no restriction on the end-usage.

Get up to ₹25 Crore at competitive interest with minimal documentation, quick approval, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Competitive Interest Rate
Flexible
Repayment Tenure
Minimal
Paperwork
Quick
Disbursal
No Hidden
Charges

Loan Against Property EMI Calculator

Plan your EMIs with our online EMI calculator. Enter the loan amount, tenure and interest rates to know your repayments easily. Calculate now!

Optimize Your Loan Against Property Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹5100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9 %
15 %

Tenure

Months
36Months
180Months

Apply for a Loan Against Property in Just 3 Steps

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Enter Details

Enter your contact, personal, occupation, and property ownership details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Mortgage Loan in Mumbai

Depending upon whether you are salaried, self-employed or an established firm/company, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about eligibility criteria in detail

Documents Required for Loan Against Property in Mumbai

Submit the required documents based on whether you are salaried, self-employed or an established firm/company to avail of this loan:

  • Property Documents
  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Account Statement

Click to know more about documentation in detail

Interest Rate and Charges for Loan Against Property in Mumbai

Access loans at affordable interest rates and minimal charges:

INTEREST RATE
Strating from
9.5
%* p.a.

PROCESSING FEE
Up to
2
% + applicable taxes

FORECLOSURE CHARGES
5
% on principal outstanding + applicable taxes

Interest Rate and Charges for Loan Against Property in Mumbai

Interest Rate
9.5%* p.a. onwards
Loan Amount
From ₹51 Lakh to ₹25 Crore
Loan Processing Fees
2% plus applicable taxes
Lowest EMI per month
₹1044* per Lakh for 180 months
Maximum Tenure
3-15 years (12 years for Industrial/Warehouse)
Foreclosure/Prepayment Charges
5% on principle outstanding plus applicable taxes

5% on principle partly paid amount plus applicable taxes
Default Charges
24% per annum plus taxes
Cheque Bounce Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Loan Against Property

  • Travelling overseas
  • Property purchase
  • Infrastructure renovation
  • Business expansion
  • Diversifying product/service offerings

Who Can Get Loan Against Property in Mumbai?

  • Salaried individuals
  • Self-employed individual
  • Company/Firm

Poonawalla Fincorp Branch Address in Mumbai

Poonawalla Fincorp Limited
Address: Unit No. 73, 7th floor, Kalpataru Square, Kondivita lane, Andheri-Kurla Road, Andheri (East), Mumbai, Maharashtra -400059
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get Exclusive Access to Simplified
Personal Finance Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is the maximum loan tenure if I obtain funds against an industrial property or warehouse?

The maximum tenure for a mortgage loan for industrial property is 12 years.

Can I foreclose the loan without any charges?

No, Poonawalla Fincorp charges  a nominal foreclosure fee of 5% on the outstanding amount plus applicable taxes on your loan foreclosure. 

Are there any hidden charges if I opt for Poonawalla Fincorp's mortgage loan?

No, Poonawalla Fincorp believes in complete transparency with its customers. Our loans do not have hidden charges.