loan against property in allahabad

Loan Against Property in Allahabad

Transparent Processing | Minimal Paperwork | Attractive Interest Rates

Allahabad, a city steeped in history and known for its rich cultural heritage, is also a hub of modern aspirations and provides lots of opportunities for entrepreneurs to grow their businesses. Nevertheless, getting financial assistance is not often easy. Hence, at Poonawalla Fincorp, we ensure competitive interest rates, transparent processing, and a flexible tenure of up to 15 years. Our commitment to transparency means no hidden charges, making Loan Against Property a hassle-free financial solution in Allahabad recognising the need for financial support to achieve your business aspirations.

We provide competitive interest rate on LAP starting at just 9% per year for loans up to ₹5 Crore. We ensure clear and affordable charges for an easy-to-understand loan process.

Refer to the below table for more details:

Loan Against Property Interest Rates 9% p.a. onwards
Loan Amount From ₹51 Lakh to ₹5 Crore
Loan Processing Fees Up to 1% plus applicable taxes
Lowest EMI per month 1044* Per Lakh for 180 months
Maximum Tenure 3-15 years (12 years for Industrial/Warehouse)
Foreclosure/Prepayment Charges 0%* If paid from own sources & 4%* If paid from other sources
Late Payment Charges 3% per month
Cheque Bounce Charges ₹1000 per bounce plus applicable taxes
IMD Charges - Initial application fee ₹10,000 - Non-refundable
Stamp Duty At actuals (as per state)
No Other Hidden Charges
  • No Collateral/Security Logo

    Easy Application

  • Quick Approvals Logo

    Swift Approval

  • Competitive Interest Rate Logo

    No Hidden Charges

Easy Application

Our application process is fully digitalised, which allows you to save valuable time by accessing the loan application process from anywhere at any time.

Swift Approval

Once you have submitted all the required documents correctly your documents will be verified, and the loan amount will be disbursed in a short time.

No Hidden Charges

We maintain complete transparency by clearly communicating all applicable charges during loan processing, assuring you that there won't be any hidden charges.

  • Self-employed Professionals: Doctors, Company Secretaries, Chartered Accountants, and other professionals who work for themselves can use their property to secure loans for both personal and business needs, making their financial journey easier.
  • Firms/Companies: We offer Loan Against Property services to businesses in order to support their expansion and meet their specified financial needs.
  • Salaried Individuals: By Securing a Loan Against Property get financial flexibility and use funds for your multiple financial needs.
  • Renovation: Whether it's your home or business space, our property loans can help you renovate and create the environment you desire.
  • Business Expansion: Access funds to expand your existing business and seize new opportunities.
  • Debt Consolidation: Managing multiple loans can be stressful, merge your multiple loans into one and manage your debt without any stress of making multiple payments.

Poonawalla Fincorp’s Loan Against Property (LAP) can be your financial partner whether you are salaried, own a business or work independently. Use your property’s values to secure substantial funds for various purposes like business growth or debt consolidation. With favourable interest rates and flexible repayment tenure of up to 15 years, Property Mortgage Loan can be your ally in Allahabad. Apply for a Loan Against Property with minimal documentation and stride confidently towards your dreams in this culturally rich city.

Poonawalla Fincorp Limited

Address: 1st Floor, 120/1/18/2C, Mahatma Gandhi Marg, Civil Lines, Prayagraj, Allahabad, Uttar Pradesh- 211001. Landmark : Near MAX Showroom. Landmark: Near MAX Showroom
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

*T&C Apply

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