loan against property in chennai

Loan Against Property in Chennai

Generous Loan Amount | Favourable Interest Rates | Transparent Loan Processing

Chennai is a bustling metropolis known for its cultural heritage, educational institutions, and thriving industries. In a city teeming with dreams and ambitions, financial support can be a catalyst for success. At Poonawalla Fincorp, we understand the importance of realizing these dreams, and our Loan Against Property is designed to empower you.

Whether you're a salaried individual, a business owner, or a self-employed professional, our property mortgage loan can be your financial partner. It comes with competitive interest rates and flexible loan terms, ensuring a hassle-free borrowing experience. Let’s make your financial journey smooth and successful.

We offer competitive interest rates on loans against a home. Even the applicable charges come with complete fee transparency. Learn more about the specifics below:

Interest Rate 9.5% p.a. onwards
Loan Amount From ₹51 Lakh to ₹25 Crore
Loan Processing Fees Up to 2%
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 Charges 24% per annum
Repayment Instrument Dishonour Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.

  • No Collateral/Security Logo

    Minimum Documentation

  • Quick Approvals Logo

    Competitive Interest Rates

  • Competitive Interest Rate Logo

    Flexible Tenure

Minimum Documentation

No need to worry about furnishing endless paperwork. Submit only essential documents required for a mortgage property loan.

Competitive Interest Rates

You can leverage your property by getting the necessary funds at a competitive rate.

Flexible Tenure

With our loan against home, you can manage your repayments better through a flexible tenure of up to 15 years.

  • Self-employed Professionals: Our loan is designed to accommodate the diverse financial needs of self-employed professionals.
  • Salaried Individuals: We offer loans to help salaried professionals meet their financial requirements.
  • Firms/Companies: Businesses and corporations can avail of a property mortgage loan to invest in business growth and expansion.
  • Fuel Your Business Ambitions: Leverage the potential of a mortgage loan to bolster your entrepreneurial aspirations.
  • Transform Your Environments: Enhance and renovate your business facilities or residential areas using LAP financing.
  • Secure Your Family's Welfare: Protect your family's future by acquiring funds for education and unforeseen emergencies through LAP.

Poonawalla Fincorp Limited

Address: 2nd Floor,The Oval Tower, Venkatanarayana Road, T.Nagar, Chennai Tamil Nadu-600017
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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