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 cost-effective and pocket-friendly finance, customised with the best loan against property features to make leveraging property assets effectively a quick, easy, and simple task.
That’s not all, we offer some of the most competitive rates in the market and give you the flexibility to choose a comfortable tenure. All these features of a loan against property help ensure that repayment is a breeze and within budget all through.
|Higher LTV on market value
With the Poonawalla Fincorp Loan Against Property, you can be assured of getting the sanction you need to handle your financial obligations. We offer a higher loan-to-value ratio on the property’s market value, ensuring you get enough funds for any purpose. Fulfilling your goals is just a step away!
|Quick and easy loan processing
Get the sanction you need without any of the hassles. We have shortened our processing times to simplify access and ensure a seamless experience. The loan has an easy online application, basic eligibility criteria, and a minimal requirement for documentation to facilitate quick processing.
There’s no need to worry about furnishing endless paperwork when you apply for the loan against property by Poonawalla Fincorp. You only need to submit basic paperwork, saving time and expediting verification.
|Competitive interest rates.
Leverage your property in a cost-effective manner by getting funds at a competitive rate. Our loan against property comes with an affordable rate, which can not only help you maintain pocket-friendly EMIs, but also ensure that your interest outgo is in line with your financial goals.
We maintain 100% transparency with all our customers. Every charge applicable is communicated during loan processing and is clearly listed within the loan documentation. There are absolutely no hidden fees that you need to worry about.
With the Poonawalla Fincorp Loan Against Property, you can handle repayment affordably. We offer a tenure that lasts up to 15 years, giving you the freedom to pay in instalments that can be easily managed.
Foreclose your loan ahead of time, and clear your debt without worry of high charges. We only levy a nominal foreclosure fee, which is 4% of the outstanding principal, plus taxes.
Avail the doorstep service and further simplify access to our feature-rich borrowing tool. Our professional and knowledgeable executives offer personalised services to make availing our loan completely effortless.
|Loan on different kinds of properties
No matter the type of property you own, you can get funding with Poonawalla Fincorp. We offer loans against a range of assets, including residential, commercial, industrial, and warehouse properties.
Opt for our loan against property and avail a sanction large enough to cover any need. We offer loans ranging between Rs.25 lakh and Rs.5 crore, which you can use without any restrictions.
To fund a wide variety of requirements, we offer two specific loan products, which are the loan against property (LAP) and the loan for commercial property purchase (LCP).
Loan Against Property For Various Purposes
Availing a multi-purpose sanction is crucial to enjoying a favourable experience. As such, we offer a loan that has no spending restrictions and can be used to fund any expense. Use the sanction to fund:
- High-interest debt consolidation
- Medical emergencies
- Business development and expansion
- Overseas tuition costs
How To Apply For A Loan Against Property
- Step 1: Click on the ‘Apply Now’ button on our website.
- Step 2: Enter basic KYC details and upload the required income documents.
- Step 3: Await assessment and verification of your application.
- Step 4: Receive confirmation.
- Step 5: Approve the loan offer and authorise 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 property, which are:
- Plot or land
- Commercial property
- Residential property
What are the repayment options available through this loan?
With our loan, you can tailor repayment to suit your financial capabilities. We offer a lengthy tenure that ranges between 5 and 15 years.
How much of the loan amount offered can I avail?
The sanction approved entirely depends on the LTV percentage approved for your application. The maximum sanction we offer is Rs.5 crore.
Are there any spending restrictions applicable?
No. There are no restrictions whatsoever, and you can use the funds to finance any obligation.
What is a unique benefit of a loan against property by Poonawalla Fincorp?
All of our loan against property features are customised to offer a comfortable, stress-free experience. Among these, a unique perk is the doorstep service offered, through which a dedicated relationship manager will assist you all through loan processing.