Loan Against Property: Features & Benefits
With the Poonawalla Fincorp Loan Against Property, you don’t have to worry about financing big-ticket expenditures anymore. We offer low interest rate finance, customized with the best Loan Against Property features to leverage your property effectively.
That’s not all, we give you the flexibility to choose a comfortable tenure. Below are some of the salient features and benefits of taking Loan Against Property from Poonawalla Fincorp:
There’s no need to worry about furnishing endless paperwork when you apply for a Loan Against Property from Poonawalla Fincorp. You only need to submit basic documents which in turn helps in saving time and expediting loan processing.
|Quick and easy loan processing
We take a short time to process loan, which ensure a seamless experience for our customer. The loan has an easy online application process. Once the loan application is submitted, you will be assisted by our representative to facilitate quick processing and disbursal of the loan.
|Loan on different kinds of properties
We offer loans against a range of property assets, including residential, commercial, industrial, warehouse properties etc.
|Higher Loan to Value (LTV) on market value
With the Poonawalla Fincorp Loan Against Property, you can get a higher amount of loan sanction you need to handle your financial obligations. We offer a high Loan-To-Value (LTV) ratio on the property’s market value, ensuring you get enough funds for any purpose. Fulfilling your goals is just a click away!
|Competitive interest rates
Our Loan Against Property comes with an affordable rate of interest, which can help you to repay pocket friendly EMIs and ensure that you are not financially overburdened. You can cost-effectively leverage your property by getting funds at a competitive rate.
With the Poonawalla Fincorp Loan Against Property, you can handle repayment according to flexible tenure. We offer a tenure up to 15 years, giving you the freedom to pay in instalments that can be easily managed.
We maintain 100% transparency with all our customers. Every charge & fees applicable for the loan is communicated during the loan processing and is clearly listed within the loan documentation. There are no hidden fees that you need to worry about.
Foreclose your loan ahead of time and clear your debt without worrying about high charges. We levy a foreclosure fee, which is up to 4% of the outstanding principal, plus taxes.
|High loan Amount
Opt for our Loan Against Property and avail a sanction large enough to cover any need. We offer loans ranging between ₹25 Lakh to ₹10 Crore.
|Different product categories
Depending on the requirements that you might have, we offer two specific loan products, which are the Loan Against Property (LAP) and the Loan for Commercial Property purchase (LCP).
Under LCP, the customer can borrow funds for purchase of commercial property at a high Loan-to-Value (LTV). We have an easy process with a competitive interest rate. The funds are directly released to the seller / builder of the commercial.
Loan Against Property for Various Purposes
We offer a loan that has no spending restrictions and can be used to fund any expense or business need. You may use the sanction to fund:
- Business development and expansion
- High-interest debt consolidation
- Medical emergencies
- Overseas education costs etc.
How to Apply for a Loan Against Property?
- Step 1: Click on the ‘Apply Now’ button on our website.
- Step 2: Enter basic details.
- Step 3: Await assessment and verification of your loan application.
- Step 4: Receive confirmation from our representative.
- Step 5: Approve the loan offer and authorize disbursal.
Frequently Asked Questions
What types of properties are acceptable as collateral for the loan?
Applicants can qualify for funding by pledging 3 main types of properties, which are:
- Residential property
- Commercial property
- Industrial property
What are the repayment options available through this loan?
With our loan, you can decide on repayment schedule which suits your financial capabilities. We offer tenure that ranges between 3 years and 15 years.
How much of the loan amount offered can I avail?
The sanction approved entirely depends on the Loan-To-Value (LTV) percentage approved for your loan application. The maximum sanction we offer can go up to ₹10 Crore.
Are there any spending restrictions applicable?
No, there are no restrictions until and unless the funds are utilized within the stipulated regulations as directed by the regulator.