For starters, some borrowers might not be able to qualify for a loan from a traditional lender. Banks require a lot of documentation, and sometimes, a borrower's finances won't appear to be sound enough for the bank's preference. Even if you're more than able to repay the loan, mainstream lenders are required to verify that you can repay, and they have specific criteria to complete that verification. For example, self-employed people don't always have the W-2 forms and steady work history that lenders require, and young adults might not have good credit scores, because their credit histories are short.
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.
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. 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.
Loans against property can be of huge amounts and paying them off can be a burden, unless you have a flexible lender like Private Finance. We offer a tenor of up to 5 years so that you can manage your instalments easily and repay your loan without the burden.
Avail loan from Private Finance in Mumbai on different assets including residential, commercial, warehouse, and industrial properties. You can avail of loans Up to ₹10 crores which can be used without any restrictions.
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..
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