Mumbai Loan Against Property Interest Rates Dec 2016

Current Interest Rates on Loans on Residential Property in Mumbai

Last Updated 04th Dec 2016
Bank Lowest Interest Rate (%) Tenure in Years Lowest EMI Per Lakhs
Citibank 10.50% Floating 15 years Rs. 1,105
ICICI Bank 10.25% Floating 15 years Rs. 1,090
Axis Bank 11.40% Floating 15 years Rs. 1,162
HDFC 10.60% Floating 15 years Rs. 1,112
IndusInd Bank 10.75% Floating 15 years Rs. 1,121
PNB Housing Finance 10.75% Floating 15 years Rs. 1,121
DBS Bank 10.00% Floating 10 years Rs. 1,322
IDBI Bank 10.70% Floating 15 years Rs. 1,118
DHFL 13.75% Floating 15 years Rs. 1,315
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Special Features

  • Get upto 75% of current market value of your property as loan to grow your business or for personal use
  • High eligibility; multiple methods to suit your requirement
  • Loan tenure upto 18 years, overdraft available
  • Nil Prepayment charges for individual borrowers
  • Doorstep services, experienced loan advisors
Loan against property is one of the lowest interest rate loan available to Mumbai businesses, manufacturers and traders doing business with government offices and Financial Services, Trading, IT Services, Telecom, Banking, Insurance, Real Estate, BPO, Engineering and Manufacturing, Healthcare, FMCG Consumer Goods, Shipping, Media. MyLoanCare offers you easy comparison and online application for loan for both salaried and self employed customers in Mumbai for various purposes like business, buying a home, marriage, education and personal needs.

Loan available for properties in following areas in Mumbai

  • Andheri East
  • Andheri East Kurla Road
  • Andheri East Marol
  • Andheri Oshiwara
  • Andheri Varivali
  • Andheri Versova
  • Andheri West
  • Bandra East
  • Bandra Reclamation
  • Bandra West
  • Bapnala
  • BKC and Kalina
  • Borivali East
  • Borivali West
  • Brahamanwada
  • Byculla
  • Colaba
  • Dadar
  • Dharavi
  • Dindoshi
  • Fort
  • Girgaum Chowpatty
  • Goregaon East
  • Goregaon West
  • Jogeshwari East
  • Jogeshwari West
  • Juhu
  • Kandivali East
  • Kandivali West
  • Lower Parel
  • Madh Village
  • Mahim
  • Malabar and Cumballa Hills
  • Malad East
  • Malad West
  • Malad West North
  • Malad West South
  • Malvani
  • Mandvi
  • Marine Drive
  • Matunga
  • Mazgaon
  • Nariman Point
  • Parel Sewri
  • Parigha Creek
  • Parjapur Andheri
  • Princess Dock
  • Sahar
  • Salt Pan
  • Sion
  • Tardeo
  • Vile Parle East
  • Vile Parle West
  • Villages
  • Wadhvan
  • Worli

Loan Against Property Branches in Mumbai

Bank Branch
Allahabad Bank ANDHERI EAST | ANDHERI WEST | BADLAPUR | BANDRA | BANDRA KURLA COMPLEX | BANDRA WEST | BHANDUP | BHAYANDER | BORIVALI | CHEMBUR
Andhra Bank AIROLI | ANDHERI EAST | BANDRA | BHANDUP | BHARAT DIAMONG BOURSE | BORIVILLI | BUCHIREDDYPALEM | CHEMBUR | CIRCLE OFFICE MUMBAI | DAHISAR W
Axis Bank AIROLI | ANDHERI EAST | ANDHERI EAST RAJMATA JIJABAI ROAD | ANDHERI WEST | ASHOK NAGAR KANDIVALI E | ATM RECONCLIATION CELL | BANDRA EAST | BANDRA KURLA COMPLEX | BANDRA RECLAMATION MUMBAI | BDB BANDRA
Bank of Baroda ALTAMOUNT RD | AMBOLI | ANDHERI EAST TELLI PARK ROAD | ANDHERI WEST SV ROAD | ASHOKVAN | B D ROAD | B K COMPLEX | BACKBAY RECLAIMATION | BALLARD ESTATE | BALLARD PIER
Bank of Maharashtra ADARSH NAGAR | AMBEDKAR ROAD DADAR | ANDHERI EAST | ANDHERI SEEPZ | ANDHERI WEST | ASHOKVAN DAHISAR | ASSET RECOVERY | BANDRA EAST | BANDRA WEST | BHANDUP
Canara Bank ABDUL REHMAN STREET | AIRPORT EXTN COUNTER VILE PARLE EAST | ANDHERI EAST | ANDHERI SSB | ANDHERI WEST II | ASSET RECOVERY MANAGEMENTMUMBAI | BANDRA EAST | BANDRA WEST | BANGUR NAGAR | BHANDUP MAIN
Citibank ANDHERI | BANDRA | D N ROAD | JUHU | NARIMAN POINT | RTGS-HO
Corporation Bank AMBOLI | ASHOKVAN | BANDRA | BHANDUP NAHUR | BORIVALI WEST | C COLONY | CAPITAL MARKET | CHARKOP | CMS CORE | COLABA
Dena Bank ANDHERI WEST | ASSET RECOVERY | BANDRA WEST | BEHIND MTNL EXCHANGE | BHANDUP WEST | BHAT BAZAR | BORIVALI WEST | BORIVLI EAST | CAPITAL MARKET | CARDS MANAGEMENT
Federal Bank ANDHERI EAST | ANDHERI WEST | ASSET RECOVERY | BANDRA WEST | BORIVILI | CHEMBUR | CORPORATE BANKING | CRAWFORD MARKET | DADAR | FORT
HDFC Bank 15TH ROADKHAR | AGASHI VIRAR | AHURA CENTRE | Airoli 2 | AIRPORTS AUTHORITY OF INDIA | AKRULI ROAD | ANDHERI WEST LOKHANDWALA | ANDHERI WEST SHOPPERS STOP | ANGRUTI | BADLAPUR
ICICI Bank 10TH ROAD JUHU | 90 FEET ROAD GHATKOPER East | AAREY ROAD GOREGAON E MUMBAI | AB ROAD WORLI | AGAR BAZAR | AGASHI ROAD VIRAR | AIROLI SECTOR | AKURLI ROAD KANDIVLI EAST | AMBEDKAR ROAD PAREL | ANDHERI FOUR BUNGLOWS
IDBI Bank ACE COOPERATIVE BANK OLD AIRPORT | ANDHERI CEASER ROAD | ANDHERI CORPORATE BANKING | ANDHERI CROSS ROAD | ANDHERI WEST NEW LINK ROAD | ASSET RECOVERY BR | BANDRA REBELLOW ROAD | BELAPUR SECTOR 11 | BHANDUP | BHAVANI SAHAKARI BANK DADAR
IDFC Bank BKC NAMAN CHAMBERS | BREACH CANDY | CHEMBUR | CLEARING HUB MUMBAI | FORT | PRABHDEVI | TREASURY CPU
Indian Bank ANDHERI | ANUSHAKTI NAGAR | BANDRA | BHANDUP WEST | BHAYANDAR | BORIVALI WEST | BORIVILI EAST | CBD BELAPUR | CHEMBUR | CORPORATE
Indian Overseas Bank AKURLI RD KANDIVALI WEST | ANDHERI LOKHANDWALA | ANDHERI WEST SWAMI VIVEKANANDA ROAD | BANDRA WEST 36TH ROAD | BANDUP | BORIVLI WEST CHANDAVARKAR ROAD | BREACH CANDY | BUDHKAR MARG WORLI | BUTIBORI | BYCULLA
IndusInd Bank Andheri | Borivali | Chembur | CRAWFORD MARKET MUMBAI | Fort | GHATKOPAR | HIRANANDANI GARDENS POWAI | JUHU 10TH ROAD | KALBADEVI ROAD | Lower Parel
Karur Vysya Bank ANDHERI EAST MAHAKALI CAVES ROAD | BANDRA | EKSAR BORIVALI | GHATKOPAR | KALBADEVI | MATUNGA | MUMBAI CCO | MUMBAI DO | MUMBAI RLPC | NG ACHARYA MARG CHEMBUR
Kotak Bank ANDHERI EAST | ANDHERI EAST MIDC SPECIALIZED | ANDHERI KURLA ROAD | BANDRA HILL ROAD | BANDRA KURLA COMPLEX | BANDRA TURNER ROAD | BORIVALI | BORIVALI CHAMUNDA CIRCLE | CADELL ROAD | CHEMBUR
PNB ANDHERI EAST | ANDHERI WEST | ANUSHAKTI NAGAR | APMC VASHI NAVI | ASSET RECOVERY MANAGEMENT | ATM CONTROL CENTRE | BHANDUP EAST | BOMBAY SAMACHAR MARG | BORIVALI EAST | BORIVALI WEST
SBI 90 FT ROAD THAKUR COMPLEX | ADIMALY | AGENCY CLEARING DEPARTMENT | ANDHERI EAST M V ROAD | ANDHERI WEST SWAMI VIVEKANAND RD | ANTOP HILL | ANUSHAKTI NAGAR | ATM SWITCH | AUGUST KRANTI MAIDAN | B J PATEL ROAD MALAD
Standard Chartered Bank 23 25 MG ROAD FORT | ANDHERI | BANDRA | BORIVALI | CHEMBUR | CHOWPATTY | CUMBALLA HILL | DADAR | FORT | GHATKOPAR
Syndicate Bank A R M | ANDHERI EAST | ANDHERI WEST | BANDRA WEST | BHANDUP WEST | BORIVLI WEST | BYCULLA | CAPITAL MARKET SERVICES | CENTRAL ACCOUNTS OFFICE | CHEMBUR NG ACHARYA MARG
Union Bank of India ABDUL REHMAN STREET | AGRIPADA | AIROLI | ANDHERI EAST | ARB M S MARG | ATM CELL | BAJAJ CROSS ROAD | BANDRA EAST | BANDRA HILL ROAD | BANDRA TURNER ROAD
Vijaya Bank AIROLI | ALKA CHAMBERS | ANAND NAGAR | ARADHANA | BEASANT ROAD | BHULESHWAR | BORIVALI EAST | C M S B | CHALTHAN | CHINCHWAD
Yes Bank AKOLA URBAN COOP BANK KALBADEVI | ANDHERI VEERA DESAI ROAD | ANDHERI WEST LINK ROAD | BANDRA | BORIVALI | CADEL COURT | CHARNI ROAD | CHEMBUR | CHEMBUR CENTRAL AVENUE ROAD | DR AB ROAD

Loan Against Property Customer Care in Mumbai, Email

Bank Customer Care Number
HDFC Bank 022-61606161, loansupport@hdfcbank.com
Citibank 022-28232484
Kotak Bank 022-66006022
ICICI Bank 022-33667777/ 022-44455000
SBI 998-755-2211
IndusInd Bank 1860-500-5004/ 022-44066666, reachus@indusind.com
PNB Housing Finance 1800-120-8800, loans@pnbhousing.com
Yes Bank 998-729-0909, yestouch@yesbank.in
Indiabulls 989-231-7321, homeloans@indiabulls.com
Allahabad Bank 022-24921986, customercare@allahabadbank.in
HDFC 022- 66636000
Indian Bank 022-28955858
Standard Chartered Bank 022-66014444/ 022-39404444, customer.care@sc.com
Axis Bank 022-25260501
United Bank of India 1800-345-0345
Andhra Bank 022-26876181, customerser@andhrabank.co.in
Union Bank of India 1800-208-2244, customercare@unionbankofindia.com
PNB 011-23318130, rad@pnb.co.in
Central Bank of India 1800-200-1911
Bank of India 1800-103-1906/ 022-40919191, ho.customerservice@bankofindia.co.in
Canara Bank 022-26728366/ 022-26728309
Capital First 1860-500-9900, customer.care@capitalfirst.com
Catholic Syrian Bank 1800-266-9090/ 0487-2333020
Bank of Baroda 022-22614706
Federal Bank 1800-425-1199
Dena Bank 0241-2346012
IDBI Bank 022 2207 8732
Jammu And Kashmir Bank 1800-220-600
Karnataka Bank 0824-2228154
Karur Vysya Bank 022- 24367021
State Bank of Mysore 022-28301222
Vijaya Bank 1800-425-4066
Indian Overseas Bank 1800-425-4445, 044-2851-9490, mdd@iobnet.co.in
HSBC Bank 9860107373
Bank of Maharashtra 1800-225-901
Dhan Laxmi Bank 1800-425-1747, customercare@dhanbank.co.in
City Union Bank 7299075082, callcenter@cityunionbank.com
DHFL 1800-3000-1919
Punjab and Sind Bank 1800-221-908
South Indian Bank 022-28257418
Syndicate Bank 1800-425-0585
State Bank of Patiala 022-28802269
Corporation Bank 1800-425-2407, horls@corpbank.co.in
DBS Bank 1800-209-4555
Deutsche Bank 1860-266-6601, customer.care@db.com
Development Credit Bank 1800-209-5363, customercare@dcbbank.com
Lakshmi Vilas Bank 1800-425-2233
OBC 022 - 43434646
Ratnakar Bank 1800-123-8040, customercare@rblbank.com.
State Bank of Travancore 1800-425-7733
UCO Bank 1800-103-0123, customercare.calcutta@ucobank.co.in
Tamilnad Mercantile Bank 022-27669021
LIC Housing Finance 1800-440-005, lichousing@lichousing.com
GIC Housing Finance 1800-103-0000
Edelweiss 1800-102-3335, homeedelweissfin.com
Reliance Capital 1800-210-3030
Fullerton India 1800-103-6001
Raas Housing Finance 1800-11-5050, contact@raashfc.com
Tata Capital 1800-209-6060, customercare@tatacapital.com
IIFL 1800-3000-1155
Bajaj Finserv 1800-103-3535
Magma Finance 1800-3002-3202, customercare@magma.co.in
Bandhan Bank 1800-258-8181, loans@bandhanbank.com
Au Financiers 900-111-1333/900-111-1385
Janalakshmi Bank 1800-419-5262
India Shelters 1800-532-4444
Ujjivan 1800-3010-2121
Muthoot 1800-102-1616
Janakalyan Sahakari Bank Ltd 1800-225-381
Kapol Cooperative Bank LTD 1800-220-603
Kalyan Janata Sahakari Bank 0251-2316641
Janata Sahakari Bank 020-24494226
Janaseva Sahakari Bank Borivli 022-28927840
Janaseva Sahakari Bank 020-25282367
Abhyudaya Cooperative Bank 022-25246445
Akola Janata Commercial Cooperative Bank 022-22036994
Bharat Cooperative Bank 022-25280015
Citizen Credit Cooperative Bank Ltd 1800-123-0209, complaints@citizencreditbank.com
Manappuram
IDFC Bank 1800-419-4332, banker@idfcbank.com
Loan Against Property News - Dec 2016
18th Nov 16 Loan against property likely to badly hit due to cash ban
Loan against property is expected to be adversely hit in the short term, due to the current demonetisation drive. Demonetisation has led to disruptions in loan collection cycles, which is expected to result in a rise in overdues. Loan against property has emerged as a profitable segment for banks and NBFCs, whose loan books have grown remarkably in recent financial year.
11th Nov 16 Loan against property will see asset quality pressure in near future, said CRISIL
CRISIL, in its sector analysis, has said that loan against property will see more pressure in future. The numbers of delinquencies were already rising but due to an elongation of time to liquidate the property and fall in resale prices of property, the stress for the financers will increase further in coming time.
04th Nov 16 Citibank loan against property rates reduced from 1st November, 2016
Citibank has reduced its loan against property rates for self employed customers with capital invested of upto Rs. 5 crores. The revised loan against property interest rate ranges from 9.50 percent to 10.25 percent depending upon loan amount. The floating rates are benchmarked to 3 month MCLR Base rate of Citibank. The borrower can also avail flexi overdraft facility with this loan. The new rates will be effective from 1st November, 2016.
06th Oct 16 Loan Against property to see more stress in future: India Ratings
Loan against property may get badly effected in the next four quarters. The signs of Loan against property portfolio of NBFCs may turn bad in future and it may rise to 5 per cent according to rating firms India Ratings and Research (Ind-Ra). The reason defined here is the combination of the stagnant property prices in the large and metro cities which are the primary markets for large and medium ticket LAP and squeeze of refinancing due to risk aversion building up in some financers.
02nd Jun 16 Fullerton India launches 500th branch in the country
Fullerton India today announced the launch of its 500th branch. The new branch will be located in Dewas, Madhya Pradesh and will serve customers through an array of rural financing products that include Livelihood Advancement Loans for Women Groups, Mortgage Loans, Personal Loans, Two wheeler Loans and Enterprise Loans. The launch of Fullerton India 500th branch reinstates the company strategy to strengthen its footprint across the length and breadth of the country. With the addition of this new branch, the total number of rural branches of the company reaches 276.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.