Apply for ₹80 Lakhs Loan Against Property with Ease!
When you require significant funds to fulfil various financial requirements, you can consider availing of a ₹80 Lakh Loan Against Property from Poonawalla Fincorp. This financial product allows you to leverage the value of your property as collateral to access a substantial loan amount. Be it a residential or commercial property, you can use it as collateral and utilize the loan amount for its intended purpose.
₹80 Lakhs Loan Against Property EMI for up to 15 Years
Our ₹80 Lakhs Loan Against Property comes with a flexible repayment tenure of up to 15 years, allowing you to choose a schedule that aligns with your financial capacity. This extended repayment period ensures that your monthly outflow is manageable, allowing you to maintain your finances better while fulfilling your specific needs. You can also use our LAP loan EMI calculator to determine the EMI amount that best fits your monthly budget.
EMI Calculator for ₹80 Lakhs Loan Against Property
Interest Rate & Charges for ₹80 Lakhs Loan Against Property
Secure your financial aspirations with a ₹80 Lakhs Loan Against Property. Enjoy minimal fees and complete transparency. Check out the details below:
|Loan Against Property Interest Rates||9% p.a. onwards|
|Loan Amount||From ₹51 Lakh to ₹25 Crore|
|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||4 % on the outstanding loan plus applicable taxes|
|Late Payment Charges||2% 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|
Required Eligibility Criteria & Documents for ₹80 Lakhs Loan Against Property
Before you apply for an ₹80 Lakhs Loan Against Property, make sure to meet the eligibility criteria and have the necessary documents ready:
- Income: Lenders check your income to ensure you can repay the loan.
- Property Ownership: You must legally own the property you're putting up as collateral.
- Age: Applicants must be between 18 and 60 years old.
- Citizenship: Applicants should be citizens of India.
- Credit Score: A good credit score improves your chances of loan approval.
- Property Type: The property should be residential or commercial, and ownership should be clearly established.
Proof of Identity
Bank Account Statements
Benefits of ₹80 Lakhs Loan against Property
The benefits of availing an ₹80 Lakhs Loan against Property are:
Quick and Easy Process
- Full Transparency: We're upfront about all fees in your loan documents, ensuring no hidden charges are involved.
- Quick and Easy Process: Our online application and minimal paperwork lead to quick loan processing and disbursement.
- Minimal Documents: We require only basic paperwork, saving you time and expediting the loan process.
- Competitive Rates: Enjoy attractive interest rates for budget-friendly EMIs, making property-based funds accessible.
Apply for ₹80 Lakhs Loan against property within 5 Minutes!
Click on ‘Apply Now’ and enter your contact details along with loan amount, tenure, and property type.
Enter Property Details
Enter your DOB and property ownership details.
Enter Occupation Details
Enter your occupation and employment details.
The application will then proceed for verification and assessment.
Frequently Asked Questions
Yes, you can prepay the loan, but check with your lender for any applicable terms and charges.
Defaulting on EMI payments can lead to penalties, higher interest, and legal action. Hence, it is important to inform your lender if you are facing any financial difficulties and may be unable to pay your EMIs.
The timeline for loan approval and disbursal process varies among lenders. However, you can expect a quick response if you meet the required criteria, submit all the essential documents, and have a high credit score.
*Terms & Conditions Apply