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Loan Against Property

Features of loan against property

A loan against property from MGL enables you to do it all. MGL offers customized property loans to salaried and self-employed individuals. Financing your child’s education, managing your wedding expenses, expanding your business, or even handling unforeseen medical expenses.

Attractive interest rate

MGL offers applicants an affordable funding options that leaves their savings untouched.

Money in your bank in 72 hours* Simple Loan Against Property eligibility criteria, minimal documentation and doorstep service makes the loan application process a hassle-free one. MGL offers the loan in just 72 hours*.

External benchmark linked loans By opting for the MGL Loan Against Property linked to an external benchmark, applicants can enjoy reduced EMIs when the market conditions are favorable.

Online account management Access your loan details anytime and anywhere via customer portal

15 years to repay your loan The MGL Loan Against Property tenor stretches up to 15 years allowing borrowers a buffer period to plan out their EMI payments, and service their debt with ease. Choose a convenient tenor ranging up to 180 months.

Easy eligibility with minimal documentation Meet our easy loan against property eligibility criteria for quick approval and faster processing.

No prepayment and foreclosure charge MGL allows individuals with a floating interest rate to foreclose the loan or make part-prepayments at no extra costs or prepayment penalty – making way for maximum savings, provided the loan amount is not used for business expansion purposes.

Easy balance transfer with top-up loan Transfer your existing loan to MGL as part of our loan against property balance transfer facility and avail a top-up loan without additional documentation.

Flexi facility Get unlimited part-payment and withdrawal along with the option to pay just interest as EMIs for the initial tenor.

MGL offers loan against property, a secured loan to meet different financial needs, ranging from weddings, planned or unplanned medical needs, or your child’s education. You can finance all these expenses easily with a loan against property and benefit from a high-value loan with nominal interest rates.

Loan against property eligibility criteria are easy to meet with doorstep services, making the process comfortable and hassle free. Get the funds in your account within 72* hours of approval and repay over a comfortable tenor as chosen by you, that ranges up to 15 years.