A loan against property, or LAP, is a credit obtained by keeping your property as a mortgage with the lender. The property you own, whether residential, commercial, or special-use, can be used as collateral for aA loan if you are in financial trouble. A property can help you deal with financial issues related to business expansion, children's higher education, weddings, or medical emergencies at any time. Although you pledge your property to gain access to the loan, you remain the owner of that property.
· The loan is available to individual owners of residential homes/flats, as well as select commercial properties.
· You can access this loan through any of our branches.
· Interest rates are calculated using the daily reducing balance method.
· Lowest processing charges.
· Loan eligibility also considers rental income in some cases.
· A surplus of funds can be obtained at any time, reducing your loan liability and interest charges. No prepayment penalties.
With the help of My Mudra, you can get SBI Loan Against Property to meet the immediate needs toward expanding your business or meeting your personal goals and once you pay the last installment, your property will be returned to you.
Are you planning to go on a family vacation? Don’t worry about the funds, as My Mudra travel loan is there for you.
Upgrade your home as per your tastes and preferences. A home renovation loan is available to meet the costs.
Ease your commuting experience by investing in a bike or a car with My Mudra instant SBI Loan Against Property.
You are doing an awesome work as team. Faster service with immediate response is quite amazing. Will recommend to everyone in need, faster documents processing …….Keep up the good work
Amazing. Dedicated. Professional. I came through a reference from my Aunt. I was getting a personal loan for the first time. I was nervous. But they made me sail through the loan application process. Good work. Definitely recommend
Folks, they are very quick with their services. I actually didn't know there were so many conditions for getting a loan. My documents weren't proper as well. They really helped me pick up my profile. Also, they give you helpful suggestions regarding which banks should I opt for.
Excellent service from all team members. All are supportive. Its different from others NBFCs. Now and in future, My Mudra is my first choice for financial needs.
The service provided by My Mudra is great, everything is seamless and very convenient. Its one of the very best experiences, I’ve had with any loan provider.
I was in dire need of funds for a medical emergency. Due to my low CIBIL score, I didn’t much get support from other lenders. This is when I submitted a personal loan application on My Mudra. Fortunately, I got the amount, and that too at lower interest rates. Thanks to My Mudra. The entire application was very smooth.
I have had a wonderful experience with My Mudra. The process was exceptionally seamless when I applied for a loan. I also liked how their people interacted with me. It is the best solution to the month-end cash issue. Also, I can use it to pay off my credit card dues.
To realize my business plans, I decided to take My Mudra Business loan and my decision was perfectly alright. It assured me of fast money and the entire process was transparent. No surprise loan charges helped me plan my working capital and manage my business activities efficiently.
I was in need of INR 2 lakh. I visited the My Mudra website and found out that there is a personal loan offer for me. It was a great experience. I got an awesome deal on my loan application. The process involved only a few documents. The amount transferred to my account was faster than promised and the interest rate and other charges were also not too high
I wanted quick fund disbursal and one of my friends suggested me to apply for a personal loan from My Mudra. He had a great experience. I agree with him. The application and approval process were smooth. They offer fast money transfers to my bank. I was asked to choose the repayment period. I am happy with the services. Their agents are also polite and helpful.
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