Get ₹60 Lakh Loan Against Property @9.5% p.a.

Q: How long does it take to get approval for a Loan Against Property?

The approval time for a Loan Against Property varies on the borrower. Once you meet the eligibility criteria, your loan amount will be instantly disbursed.

Q: What happens if I can't repay the Loan Against Property?

If you default on your loan, the funds can be recovered by through the sale of your collateral. Hence, it is suggested to make timely payments to avoid any unforeseen circumstances.

Unlock Your Property's Value with a ₹60 Lakhs Loan!

Are you considering major financial decision that requires high funds instantly? A Loan Against Property is a perfect solution for such high financial requirement. With Poonawalla Fincorp, you can avail ₹60 Lakh loan EMI instantly whether it’s for expanding your business, investing in education, consolidating debts, or handling major expenses.

₹60 Lakh Loan Against Property EMI for up to 15 Years

One of the key considerations while availing ₹60 Lakh Loan Against Property is the equated monthly instalment (EMI). With a loan tenure of up to 15 years, you have flexibility in choosing a repayment plan that suits your financial needs. Longer tenures generally result in affordable EMIs, making it manageable. You can use online EMI calculators to determine the EMI amount that fits your financial budget for the ₹60 Lakh loan EMI.

EMI Calculator for ₹60 Lakh Loan Against Property

Loan Amount

51,00,000 25,00,00,000

Interest Rate %

9.5% 15%

Tenure

3 Year 15 Years

Calculate

EMI Amount = *

Check Repayment Schedule
Download Repayment Schedule

Interest Rate & Charges for ₹60 Lakh Loan Against Property

You can avail Loan Against Property with competitive interest rate, starting at just 9.5% per annum. Explore the details below:

Interest Rate	9.5% p.a. onwards
Loan Amount	From ₹51 Lakh to ₹25 Crore
Loan Processing Fees	Up to 2%
Lowest EMI per month	1044* per Lakh for 180 months
Maximum Tenure	3-15 years (12 years for Industrial/Warehouse)
Foreclosure/Prepayment Charges	5% on principle outstanding plus applicable taxes. 5% on principle partly paid amount plus applicable taxes.
Default Charges	24% per annum
Repayment Instrument Dishonour Charges	₹500 per bounce plus applicable taxes
Stamp Duty	At actuals (as per state)
No Other Hidden Charges

Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.

Required Eligibility Criteria & Documents for ₹60 Lakh Loan Against Property

Before you apply for a ₹60 Lakh loan with Poonawalla Fincorp, you need to provide the below mentioned documents.:

Eligibility Requirements:

Credit Score

Income

Property Ownership

Age

Property Type

Credit Score: Having a good credit score improves your chances of getting approved.
Income: Your income reflects your capability to repay the loan.
Property Ownership: You must legally own the property you're using as collateral.
Age: Typically, you should be between 18 and 60 years old to apply for this loan.
Property Type: The property you're using as collateral must be residential or commercial with the clarity of your ownership.

Documents Required :

Proof of Identity
Address Verification

Property Documents
Income Documents

Proof of Identity: You need to provide documents such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport.
Address Verification: For address verification, you can provide utility bills or a rental agreement.
Property Documents: For property documents, you need to provide the title deed, sale deed, and property tax receipts.
Income Documents: As income documents, you need to provide salary slips, income tax returns, and bank statements.

Benefits of ₹60 Lakh Loan Against Property

You can avail ₹60 Lakh Loan Against Property comes with several benefits:

Transparent Process
Quick and Easy Process

Competitive Interest Rates

Transparent Process: There is no hidden cost involved during the entire loan process as all charges and fees are clearly communicated.
Quick and Easy Process: The online loan application process is swift with speedy approval and disbursal.
Competitive Interest Rates: With Poonawalla Fincorp, you can avail of a Loan Against Property at affordable interest rates.