60 lakh loan against property

₹60 Lakh Loan Against Property

Higher Loan Amount | Flexible Foreclosure Options | Swift Loan Approval

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.

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.

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You can avail Loan Against Property with competitive interest rate, starting at just 9% per annum. Explore the details below:

Loan Against Property Interest Rates 9% p.a. onwards
Loan Amount From ₹51 Lakh to ₹5 Cr
Loan Processing Fees Up to 1% plus applicable taxes
Lowest EMI per month 1044* per Lakh for 180 months
Maximum Tenure 3-15 years (12 years for Industrial/Warehouse)
Foreclosure/Prepayment Charges 0%* If paid from own sources & 4%* If paid from other sources
Late Payment Charges 3% per month
Cheque Bounce Charges ₹1000 per bounce plus applicable taxes
IMD Charges - Initial application fee ₹10,000 - Non-Refundable
Stamp Duty At actuals (as per state)
No Other Hidden Charges

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

Eligibility Requirements:

Credit Score

Credit Score

Monthly Salary Required

Income

Employment Required

Property Ownership

Age Requirement

Age

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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 :

  • Income Proof

    Proof of Identity

  • Address proof

    Address Verification

  • Address proof

    Property Documents

  • Address proof

    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.

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

  • Short turn around time for loan approval logo

    Transparent Process

  • Competitively priced low-interest rate loan schemes logo

    Quick and Easy Process

  • Collateral-free logo

    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.
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Click on ‘Apply Now’ and enter your contact details along with loan amount, tenure, and property type.

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Enter Property Details

Enter your DOB and property ownership details.

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Enter Occupation Details

Enter your occupation and employment details.

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Verification

The application will then proceed for verification and assessment.

What is the maximum loan amount I can get against my property?

The maximum loan amount depends on your property's value, credit report and various other eligibility criteria set by the lender.

How long does it take to get approval for a Loan Against Property?
What happens if I can't repay the Loan Against Property?

*Terms & Conditions Apply

Explore Our Various Types of Loan Against Property Arrow Logo

Loan Against Property by AmountArrow Logo

Loan Against Property by Amount

You can easily apply for a Loan Against Property to obtain funds for various big-ticket expenses. Avail of high loan amounts ranging from ₹60 Lakh to ₹5 Crore. Check out the loan amount options below:

Loan Against Property by AmountArrow Logo

Loan Against Property by Amount

You can easily apply for a Loan Against Property to obtain funds for various big-ticket expenses. Avail of high loan amounts ranging from ₹60 Lakh to ₹5 Crore. Check out the loan amount options below:

Insightful Loan Against Property Blogs Arrow Logo

Dos and donts and LAP
Know about property types for a loan against property

A mortgage loan is one of the most preferred types of secured loans. A secured loan is one where a borrower can pledge their property to a lender in exchange for receiving funds. Banks or non-banking financial com

Essentials of Loan Against Property
Advantages of Loan Against Property

What is Loan Against Property?
A Loan against property or property mortgage loan is a secured loan granted when you offer your existing

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