If you are planning to start off a new business or want to get married in Mumbai, you have the option to take a mortgage loan to finance your big financial necessities. There are several Banks and NBFCs that offer loan against the property in mumbai at a lower rate of interest. In order to avail a mortgage loan, you are required to fulfill certain eligibility criteria. Your age should be at least 18 years and repayments have to be made before the age of 70. Additionally, you are required to have a net monthly income of Rs. 25,000 or more if you are salaried.
A self-employed individual will need to have a net annual income of more than Rs. 3 lakhs. Further, the borrower should be in business for a minimum of 5 years during which the business should be profitable. In addition to the eligibility criteria, you are also required to submit a few important documents such as KYC documents, income documents, bank statements, business proof, and property documents. You can apply for a loan against property online as well as offline in Mumbai for all your financial needs. Hence, for hassle-free disbursal of the loan, keep the above-mentioned points in mind. Make sure that you have all the required documents in hand along with a good credit score.
Info to Get Loans at Rate Online 