Mumbai is one of the largest cities and the commercial and financial hub of the country. Serving as an economic hub for India, the city offers promising life to people from all walks of life.

To cater to the growing needs of the people, leading lenders such as NBFCs and financial institutions offer loan against property. These are high value loan amount provided at affordable rate of interest.Taking a loan against property in Mumbai is an easy financing option which lets you liquify your fixed assets such as a property without having to sell them or put them on rent.

Features and benefits of the loan -

  • This is a secured loan as it can be availed against a fixed asset or property. Thus, you can get the loan at affordable rate of interest.
  • Lenders let you apply for the loan online with minimum paperwork. The process is simple, fast and self-guided and there is door-step service available for submission of documents.
  • As borrowers you can choose from a flexible tenure ranging between 2 to 20 years.
  • As an existing customer you may opt for easy Balance Transfer facility on the loan. This will get your loan transferred to a new lender offering lower rate of interest thus minimizing the monthly repayments.
  • Lenders such as NBFCs offer the Flexi Hybrid feature on the loan. This is a unique facility which lets you borrow as per your needs from the loan amount sanctioned. Interest is charged on these daily withdrawals which helps to lower the EMIs by up to 45% and easily manage the loan.