Experience Quick Loan Disbursals with a Loan Against Property!
Bangalore is considered the ‘Silicon Valley of India’, where dreams take flight. Amidst its thriving IT hubs, educational institutions, and diverse cultural scene, having the right financial support is essential. That's where Poonawalla Fincorp's Loan Against Property comes in.
With our property mortgage loan, you can tap into the immense potential of your property. The loan comes with competitive interest rates, making EMIs manageable. The flexible repayment tenure, extending up to 15 years, allows you to choose a schedule that suits your financial comfort. We also ensure that all our loan terms are clearly specified to help you understand all applicable charges. Go ahead and experience hassle-free loan processing with minimal documentation and no hidden fees with our loan.
Loan Against Property Interest Rates
Our loan is available at competitive interest rates, starting at 9.5% p.a. For more details on interest rates and charges, see below
| Interest Rate | 9.5% p.a. onwards |
| Loan Amount | From ₹51 Lakh to ₹25 Crore |
| Loan Processing Fees | Up to 1.5% |
| Lowest EMI per month | 1044* per Lakh for 180 months |
| Maximum Tenure | 3-15 years (12 years for Industrial/Warehouse) |
| Foreclosure/Prepayment Charges | 4% + taxes |
| Default Interest | 2% per month |
| Repayment Instrument Dishonour Charges | ₹500 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 | |
Features of Loan Against Property
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Flexible Repayment Options
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Efficient Processing
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Simple Documentation
Flexible Repayment Option
Enjoy the convenience of choosing a repayment period of up to 15 years as per your financial preferences.
Efficient Processing
Receive quick approval and expert support throughout the loan application process.
Simple Documentation
The documents required for LAP are basic KYC details and additional property documents as specified at the time of applying.
We offer Loan Against Property for:
- Firms/Companies: We provide businesses and companies with the option to get a property mortgage loan, helping them grow and meet their financial needs.
- Salaried Individuals: We convert your property into financial security so you can meet diverse financial needs.
- Self-employed Professionals: Professionals with their practice can achieve personal and professional goals through our property mortgage loan.
Purposes of Loan Against Property
- Consolidating High-Interest Debt: Use this loan to efficiently combine and manage existing high-interest debts, simplifying your financial obligations.
- Overseas Education: Invest in overseas higher education opportunities, fostering personal and career advancement.
- Boost Your Business: Use your property's value to get a loan and grow your existing business.
Poonawalla Fincorp’s Branch Address in Bangalore:
Poonawalla Fincorp Limited
Address: 2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
Address: Ground Floor, Phoenix Citadel, Castle Street, Richmond Town, Bangalore, Karnataka-560025
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
