loan against property

Loan Against Property Leverage the property value for your needs

Higher Loan Amount | Longer Tenure | No Hidden Charges

Frequently Asked Questions on Loan Against Property

Find out answers for your general queries

What is loan against property?

It is a secured loan which you can avail against your existing residential/commercial property, pledged as a collateral while you continue using it. Your requirement of funds for personal needs, business needs or any unexpected financial expenditure can be met with our Loan against Property offering.

We understand your need of urgent funding for your requirements; therefore, we provide a higher loan amount against your property with minimal documentation, competitive interest rates for longer tenure, and quick approvals with no hidden charges.

What are the features of Poonawalla Fincorp Loan against Property?

At Poonawalla Fincorp, our customized features and offerings on Loan against Property helps you meet all your financial needs by unlocking the best value of your property with:

  • Wide range of owned residential/commercial property.
  • Quick and easy loan processing.
  • Longer repayment tenure.
  • Doorstep service.
Will I get a Loan against Property if I jointly own the property?

Yes, you can avail the Loan against Property even if you jointly own the property. However, all the property owners should be co-applicants to the loan.

Can I take loan against my house?

Yes, you can avail the loan on your residential as well as commercial properties.

What is the Poonawalla Fincorp Loan against Property interest rate?

At Poonawalla Fincorp, our competitive Loan against Property interest rate starts at 14% p.a. depending on your credit rating.

What is the maximum tenure for loan against property?

At Poonawalla Fincorp, you can avail a flexible loan tenure ranging from 5 to 15 years which helps you keep those monthly instalments low.

What is the highest loan amount I can avail for a loan against property?

Our Loan against Property offering, allows customers to avail the best mortgage loan value from as low as 3 Lakhs to 30 Lakhs depending on your eligibility. You can get loan up to 100% of your property market value.

Can I foreclose my loan before the loan tenure?

Yes, you can foreclose your loan with 4% Foreclosure charges on principal outstanding plus applicable taxes.

What types of property can help me get a loan?

The Loan against Property is a convenient option to get your business and personal needs financed by pledging your property. Following are some of the collaterals that you can pledge be it self-occupied or rented.

  • Apartment / Flat / House/ Villa, etc.
  • Commercial properties like office building / shops
  • Open Plot or Land
What are the documents required for loan against property?

With the list of required documents varying for salaried individual, self employed individuals and companies, we request you to check the list of required documents as per your applicant category in our Eligibility and Documents sections.

What is loan against property eligibility?

Loan against property eligibility criteria is different for salaried individual, self employed individuals and companies. To know and understand your eligibility criteria, please refer to our Eligibility and Documents

Apply for Loan Against Property Online in 5 Easy Steps Arrow Logo

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Apply Online

Fill a simple online form with basic details.

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Upload Documents

Submit your KYC, Income Documents, and Bank Account Statements along with a copy of Property Documents.

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Quick assessment of your documents and property inspection.

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Quick Approval

Get your loan approved with a hassle-free and quick process.

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Easy Disbursal

That’s it! Your loan gets instantly disbursed.

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Loan Against Property
Advantages of Loan Against Property.

A Loan against property is a secured loan granted when you offer your existing residential or commercial property as collateral. These loans are sanctioned by housing finance companies and banks, usually at a lower rate of interest than other traditional forms of loans.

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With the number of Covid-19 cases gradually coming down in India and the possibility of regional lockdowns easing and opening of the business markets, the need for finances or capital needs towards personal or business commitments will start seeing an uptick in credit demands from individuals and self-employed people.

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