features and benefits of loan against property

Enjoy festivities with
Loan Against Property

Attractive interest rates
starting @ 9%* p.a.

Quick-Loan-Processing

Quick Loan
Processing

Higher-Loan-Amount

Higher Loan
Amount

Loan Against Property: Features & Benefits

Affordable Rates | Ample Sanction | Quick Processing

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.

Benefits of Loan 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!
Security Logo 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.
Interest Rate Logo Minimum documentation
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.
Documentation Logo 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.
Loan Approval Logo Transparent processing
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.
Loan Repayment Logo Longer tenure
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.
No Hidden Charges Logo Foreclosure charges
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.
Zero Charges Logo Doorstep service
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.
Easy loan Logo 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.
Easy loan Logo Loan Amount
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.
Easy loan Logo Product categories
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).

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
  • Renovation
  • Overseas tuition costs
  • 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.

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.

Interest Rate

APR ranging from 9% to 18% | One-time Processing Fee up to 2% plus taxes.

Repayment

Flexible repayment tenure from 3 to 15 years with 4% Foreclosure charges on principal outstanding plus applicable taxes.

Example

Loan Amount Rs.30 lakh, Interest Rate: 10%, Tenure: 10 years, equates to EMI of Rs. 39,645 per month.

This rate of interest is prone to fluctuation basis our internal credit and risk policy, and as per an algorithmic multivariate score card.
*T&C Apply

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

Semi Circle Logo
Laptop Logo
Apply
Online

Apply Online

Fill a simple online form with basic details.

Semi Circle Logo
Document Required Logo
Upload
Documents

Upload Documents

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

Semi Circle Logo
Verfied Logo
Verification

Verification

Quick assessment of your documents and property inspection.

Semi Circle Logo
timer logo
Quick
Approval

Quick Approval

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

Semi Circle Logo
Payment Confirmation logo
Easy
Disbursal

Easy Disbursal

That’s it! Your loan gets instantly disbursed.

Locate Our Offering Arrow Logo

Our Loan Against Property are available at

Related Products for you Arrow Logo

Insightful Blogs Arrow Logo

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.

Home Loan
5 important things to keep in mind when availing a Loan against property

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.

Contact Us logo Get a Call Back Apply Now logo Apply Now