Latest news with #LoanAgainstProperty
News18
4 days ago
- Business
- News18
This Independence Day, get a loan against property with special benefits
VMPLPune (Maharashtra) [India], August 13: This Independence Day, gain the financial freedom to fulfil important life goals with special offers on the Bajaj Finserv Loan Against Property. Featuring low interest rates, high loan amounts, quick approvals, and minimal documentation, this offering is designed to help individuals unlock the maximum value from their property. Whether the objective is personal, professional, or investment-oriented, now is the ideal time to take a decisive step towards financial independence with the trusted support of Bajaj Finance provides a reliable solution for those seeking substantial funds without disrupting long-term stability. From expanding a business, funding a child's education, or renovating property to consolidating debts, a loan against property offers a cost-effective alternative to unsecured loans. By leveraging residential or commercial property, customers gain access to large loan amounts at competitive loan against property interest rates, making repayment more manageable and benefits of availing a loan against property this Independence Day:* Low interest ratesThis Independence Day, enjoy reduced interest rates, making it an ideal time to consolidate debts, invest in family goals, or expand a business* High loan amounts up to Rs. 10.50 croreUtilise the value of property to access substantial funds for personal, business, or investment purposes.* Flexible repayment tenuresChoose a suitable tenure that aligns with long-term financial planning and offers manageable EMIs.* Quick disbursal within 72 hours*Once Loan Against Property documentation and eligibility requirements are met, receive funds within 72 hours* of loan approval.* Minimal documentationExperience a smooth application process with minimal paperwork, ensuring faster processing and maximum to apply for a loan against property?Applying is simple and can be done in a few easy steps:1. Visit the loan against property section on the Bajaj Finserv website and select 'APPLY".2. Enter a valid 10-digit mobile number and verify it using the OTP received.3. Complete the online form with personal, professional, and property-related details.4. Choose the desired loan amount and select from Flexi Term Loan, Flexi Hybrid Term Loan, or Term the preferred repayment tenure of up to 180 months and submitted, a Bajaj Finance representative will assist with the next steps. Upon successful approval, the sanctioned amount will be credited directly to the applicant's bank Independence Day, celebrate freedom not just in spirit but also in finances with Bajaj Finserv Loan Against Property
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Business Standard
23-07-2025
- Business
- Business Standard
M&M Financial share drops 3% on mixed Q1 nos; should you buy, sell or hold?
Mahindra & Mahindra Financial Services share price: Mahindra & Mahindra Financial Services share price was in focus on Wednesday, July 23, 2025, with the scrip dropping up to 2.93 per cent to an intraday low of 257.80 per share, nearing its 52-week low of 235.47. At 9:20 AM, Mahindra & Mahindra Financial Services share was trading 1.75 per cent lower at 260.95. In comparison, BSE Sensex was up 0.30 per cent at 82,429.66 levels M&M Financial Q1 results Mahindra & Mahindra Financial Services (MMFS) reported a modest 3 per cent year-on-year (Y-o-Y) rise in net profit to ₹530 crore for the quarter ended June 2025 (Q1FY26). However, on a sequential basis, net profit declined 6 per cent. Total income for the quarter increased 18 per cent Y-o-Y to ₹4,438 crore, while total expenses rose at a faster pace of 22 per cent to ₹3,744 crore. Net interest income (NII) grew 18 per cent Y-o-Y to ₹2,285 crore. However, credit costs spiked to ₹660 crore from ₹448 crore in the same period last year. Disbursements for the quarter came in at ₹12,808 crore, registering a 1 per cent Y-o-Y rise but falling 18 per cent sequentially. The company attributed the sequential dip to a slowdown in the underlying wheels business. The gross loan book expanded 15 per cent Y-o-Y to ₹1.22 trillion and grew 2 per cent quarter-on-quarter. Its MSME asset book grew 28 per cent Y-o-Y to ₹6,523 crore as of June 30, 2025, led by secured products like Loan Against Property (LAP), which now forms 44 per cent of total SME assets, up from 33 per cent last year. Stage 3 assets in this segment stood at 1.4 per cent, reflecting strong asset quality. Collection efficiency improved slightly to 95 per cent, up from 94 per cent in Q1FY25. Brokerages' view Motilal Oswal The company reported an operationally soft quarter with tepid disbursements and loan growth, according to analysts at Motilal Oswal. Asset quality weakened seasonally due to elevated credit costs, higher slippages, and persistent write-offs. On the positive side, net interest margin (NIM) expanded about 10 bps Q-o-Q, and management remains confident that NIM has bottomed out and is poised to improve. While loan growth and credit costs remain uncertain, a projected PAT CAGR of about 21 per cent over FY25–27 and RoA/RoE of 2.2 per cent/13 per cent in FY27E support a 'Buy' rating with a target price of ₹310 (1.6x Mar'27E BV). The M&M Financial stock is currently trading at 1.3x FY27E P/BV. Nuvama Those at Nuvama said, M&M Financial beat estimates on NII and pre-provision operating profit (PPOP), but missed on credit costs, which came in at 1.9 per cent – above the guided 1.5-1.7 per cent range. Still, given a tough operating environment and stable Stage 3 ECL at 51.4 per cent, the outcome is seen as acceptable. Disbursements remained weak (up 1 per cent Y-o-Y / down 18 per cent Q-o-Q). Reported spread improved 20 bps Q-o-Q, and PPOP rose 19 per cent Y-o-Y / 11 per cent Q-o-Q. PAT grew 3 per cent Y-o-Y but declined 6 per cent sequentially. Stage 2+3 ECL remained steady at 78.8 per cent versus 78.4 per cent Q-o-Q. Thus, analysts at Nuvama maintained a 'Hold' rating with a target price of ₹280 (1.6x FY26E BV), with growth momentum and credit cost normalisation as key monitorables.
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Business Standard
22-07-2025
- Business
- Business Standard
Mahindra Finance Q1FY26 results: Net profit rises 3% to ₹530 crore
Mahindra & Mahindra Financial Services reported a 3 per cent increase in net profit for the quarter ended June, reaching Rs 530 crore. However, on a sequential basis, the net profit declined by 6 per cent, the company said in a regulatory filing. The total income of the non-banking financial company (NBFC) increased by 18 per cent YoY to Rs 4,438 crore in the quarter ended June 2025, while total expenses rose by 22 per cent to Rs 3,744 crore. Net interest income (NII) in Q1 FY26 stood at Rs 2,285 crore, up 18 per cent YoY. Credit costs increased to Rs 660 crore in Q1 from Rs 448 crore. Disbursements during the quarter were Rs 12,808 crore, registering a 1 per cent YoY growth. However, disbursements declined by 18 per cent on a sequential basis. The company's asset book for micro, small, and medium enterprises (MSMEs) expanded by 28 per cent YoY to Rs 6,523 crore as of June 30, 2025. 'The growth is driven by secured offerings such as Loan Against Property (LAP), which now accounts for 44 per cent of total SME assets, compared to 33 per cent last year. Asset quality in this segment remains strong, with Stage 3 assets at 1.4 per cent as of the quarter-end,' the company said. Collection efficiency improved marginally to 95 per cent, up from 94 per cent in Q1 FY25, indicating stability in customer repayments. The gross loan book stood at Rs 1.22 trillion as of June 30, 2025, up 15 per cent YoY, and up by just 2 per cent on a quarter-to-quarter basis. The slowdown in disbursements was attributed to moderate growth in the underlying wheels business, the company added. On Tuesday, the company's shares closed 1 per cent higher at Rs 265.60 per equity share.
The Hindu
25-04-2025
- Business
- The Hindu
How to lower your mortgage loan interest rates?
Discover effective strategies to reduce your mortgage loan interest rates, from enhancing your credit score to exploring refinancing options. Bajaj Finserv Loan Against Property offers competitive rates, flexible terms, and a seamless application process to help you achieve your financial goals with ease. Securing a mortgage loan is a significant financial decision, but high interest rates can make it a challenging commitment. Reducing these rates is key to ensuring long-term financial stability and savings. This article outlines six practical strategies to help you lower your mortgage loan interest rates and manage your finances better. For those considering property-backed loans, Bajaj Finance provides tailored Loan Against Property solutions. With competitive interest rates, quick approvals, and flexible repayment options, managing your loan becomes hassle-free using the Bajaj Finserv App. Six strategies to lower your mortgage loan interest rates Boost your credit score: A higher credit score often results in a lower interest rate, as it signals financial responsibility to lenders. Improve your score by paying off debts promptly, keeping credit card balances low, and avoiding frequent loan applications. A higher credit score often results in a lower interest rate, as it signals financial responsibility to lenders. Improve your score by paying off debts promptly, keeping credit card balances low, and avoiding frequent loan applications. Opt for a shorter loan tenure: While shorter tenures may have higher monthly payments, they often come with lower interest rates, reducing the overall cost of the loan significantly. While shorter tenures may have higher monthly payments, they often come with lower interest rates, reducing the overall cost of the loan significantly. Refinance your mortgage loan: Refinancing can help you secure a lower interest rate, especially if your credit score has improved or market rates have dropped since you first obtained the loan. Ensure the savings outweigh the refinancing costs before proceeding. Refinancing can help you secure a lower interest rate, especially if your credit score has improved or market rates have dropped since you first obtained the loan. Ensure the savings outweigh the refinancing costs before proceeding. Increase your down payment: A larger down payment reduces the principal amount, which lowers the lender's risk and may qualify you for better interest rates. A larger down payment reduces the principal amount, which lowers the lender's risk and may qualify you for better interest rates. Choose fixed interest rates: Fixed interest rates provide stability and predictable payments, making them a safer choice if market rates are expected to rise. Fixed interest rates provide stability and predictable payments, making them a safer choice if market rates are expected to rise. Stay updated and negotiate: Regularly monitoring interest rates and negotiating with your lender can lead to better terms, especially if your financial profile has improved or market rates have decreased. Why choose Bajaj Finance for your mortgage loan? Bajaj Finance offers a loan against property with competitive interest rates and flexible terms designed to meet your financial needs. It allows you to leverage your real estate for significant funding while managing your loan effortlessly through the Bajaj Finserv App. Below are a few features: Affordable interest rates Large loan amount Quick approval and disbursal Simple eligibility criteria Conclusion Lowering your mortgage loan interest rate involves a combination of strategic decisions and proactive financial management. From improving your credit score to refinancing and choosing the right loan tenure, these steps can help you save significantly. Bajaj Finserv Loan Against Property provides a smart way to tap into your property's value while enjoying competitive rates and flexible options. Start implementing these strategies today to achieve financial freedom and secure a loan that aligns with your goals. 'This article is part of sponsored content programme.'
