features and benefits of loan against property

Loan Against Property Features & Benefits

Higher Loan Amount | Longer Tenure | No Hidden Charges

With the Poonawalla Fincorp Loan Against Property, you don’t have to worry about financing big-ticket expenditures. Our loan is offered at favourable interest rates, customized with the best features to leverage your property effectively. That’s not all, you get the flexibility to choose a repayment tenure that suits your financial condition.

Check out some of the other salient features and benefits of taking a Loan Against Property from Poonawalla Fincorp:

Interest Rate Logo Minimum Documentation
There’s no need to worry about furnishing endless paperwork when you apply for a Loan Against Property from us. You only need to submit essential documents, which in turn helps in saving time and expediting the loan application process.
Security Logo Quick and Easy Loan Processing
Our Loan Against Property is processed quickly and efficiently through an online application process, ensuring a seamless experience for our customers. Once the loan application is submitted, you will be assisted by our representative to facilitate quick processing and disbursal of the loan.
Zero Charges Logo Loan on Different Kinds of Properties
We offer loans against a range of property types, including residential, commercial, industrial, warehouse, etc.
Benefits of Loan Higher Loan-To-Value (LTV) on Market Value
With our Loan Against Property, you can get a higher loan amount 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.
Documentation Logo Competitive Interest Rates
Our Loan Against Property is offered at attractive interest rates, which can help reduce the EMI amount and ensure that you are not financially overburdened.
Loan Repayment Logo Longer Tenure
Our Loan Against Property comes with a flexible repayment period of up to 180 months, allowing you to manage repayments better, without affecting your monthly budget.
Loan Approval Logo Transparent Processing
We maintain 100% transparency with all our customers. All applicable fees and charges on our Loan Against Property are communicated throughout the loan process and are clearly listed within the loan documentation.
No Hidden Charges Logo Zero* Foreclosure Charges
You can foreclose your loan ahead of time and clear your debt without worrying about high charges. We don’t levy any prepayment or foreclosure charges if it is paid from your own sources*. A foreclosure charge of up to 4% of the outstanding principal, plus taxes is levied if it is paid from other sources.
Easy loan Logo High Loan Amount
Opt for our Loan Against Property and get a high sanction amount of up to ₹5 Crore to cover any need.
Easy loan Logo Different Product Categories
Depending on the requirements that you might have, we offer two specific loan products: a Loan Against Property (LAP) and a Loan for Commercial Property purchase (LCP).

Under LCP, the customer can borrow funds for the purchase of commercial property at a high Loan-to-Value (LTV) and a competitive interest rate. The funds are directly released to the seller/builder of the commercial property.

Our Loan Against Property comes with no spending restrictions and can be used to fund any expense or business need. You may use the sanctioned amount to fund:

  • Business Development and Expansion
  • High-interest Debt Consolidation
  • Renovation
  • Medical Emergencies
  • Overseas Education Costs
  • Step 1: Click on the ‘Apply Now’ button on our website.
  • Step 2: Enter your details in the application form.
  • Step 3: Upload the documents and submit with the application for further verification.

Once the loan application is assessed and verified, you will receive confirmation from our representative. Simply approve the loan offer and authorize disbursal.

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?

Our Loan Against Property comes with a repayment tenure of up to 180 months. You can determine the repayment schedule as per your financial capabilities by using the EMI calculator.

How much of the loan amount offered can I avail?

The approved sanctioned amount mainly depends on the Loan-To-Value (LTV) percentage approved for your loan application. The maximum sanction we offer can go up to ₹5 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.

*Terms & Conditions Apply

Explore Our Various Types of Loan Against Property Arrow Logo

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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