Get a Loan Against Property and Enjoy Various Benefits!
With the Poonawalla Fincorp Loan Against Property, you don’t have to worry about financing big-ticket expenditures. Our loan is offered at favorable 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 mortgage loan from Poonawalla Fincorp:
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Minimum Documentation There’s no need to worry about furnishing endless paperwork when you apply for a mortgage loan with us. You only need to submit essential documents, which in turn helps in saving time and expediting the loan application process. |
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Quick and Easy Loan Processing Our application process is quick and efficient 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. |
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Loan on Different Kinds of Properties We offer loans against a range of property types, including residential, commercial, industrial, warehouse, etc. |
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Higher Loan-To-Value (LTV) on Market Value We offer 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. |
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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. |
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Longer Tenure Enjoy the benefit of flexible repayment tenure of up to 180 months, allowing you to manage repayments better, without affecting your monthly budget. |
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Transparent Processing We maintain 100% transparency with all our customers. All applicable fees and charges are communicated throughout the loan process and are clearly listed within the loan documentation. |
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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 the loan is paid from your own sources*. A minimum foreclosure charge of up to 4% of the outstanding principal, plus taxes, is levied if the loan is paid from other sources. |
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High Loan Amount You can get a high sanction amount to cover any need. |
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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. |
Various Purpose for Applying for a Loan Against Property
Our Loan Against Property comes with no spending restrictions, and the funds 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
How to Apply for a Loan Against Property?
- 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.
Once the loan application is assessed and verified, you will receive confirmation from our representative. Simply approve the loan offer and authorize disbursal.
Frequently Asked Questions
Applicants can qualify for funding by pledging 3 main types of properties, which are:
- Residential Property
- Commercial Property
- Industrial Property
We offer repayment tenure of up to 180 months. You can determine the repayment schedule as per your financial capabilities by using the LAP EMI calculator.
No, there are no restrictions until and unless the funds are utilised within the stipulated regulations as directed by the regulator.
*Terms & Conditions Apply
