Apply for a Loan Against Property in Mysore and Secure Your Financial Ambitions!
Mysore is a city known for its world-famous sandalwood and rosewood artefacts and the emerging IT hub of Karnataka is an equal blend of traditional and modernity. The rapidly developing environment of Mysore creates lots of opportunities for Property owners to seize. With our Loan Against Property in Mysore, you can utilize the value of your property to secure significant funds for various purposes, whether it’s expanding your business, funding your child’s education, managing medical expenses, or renovating your home. Poonawalla Fincorp offers competitive interest rates and a transparent loan processing system, ensuring a smooth and efficient borrowing experience. Unlock the potential of your property and achieve your financial goals with Poonawalla Fincorp’s Loan Against Property.
Loan Against Property Interest Rates in Mysore
Get competitive interest rates and transparent loan processing for your Loan Against Property in Mysore with Poonawalla Fincorp’s Loan Against Property. Refer below for a detailed breakdown of charges and fees:
| 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 |
|
| 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.
Features and Benefits of Loan Against Property in Mysore
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Swift Processing
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No Hidden Charges
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Generous Funding
Swift Processing
Our simplified procedure minimises paperwork, speeding up the loan approval process.
No Hidden Charges
Enjoy full transparency in terms of costs, with a comprehensive breakdown of all charges and fees.
Generous Funding
Access substantial financing, reaching up to ₹25 Cr, to fulfil your aspirations.
We offer Loan Against Property in Mysore for:
- Self-employed professionals: Regardless of your specific occupation, our Loan Against Property avails you the flexibility to utilise your property as collateral, to secure financing required for both personal and business objectives.
- Salaried individuals: If you have a stable source of income, you can take advantage of the opportunity to use your property as security for obtaining loans through our services.
- Firms/Companies: Empower the growth of your business by value of your properties through Property Mortgage Loan.
Purposes of Loan Against Property in Mysore
- Property Renovation: Enhance your business space or living environment with our Loan Against Property.
- Medical Emergency: Be prepared for unforeseen medical emergencies with our swift Loan Against Property financing.
- Higher Education: Secure your child's future with our Property Mortgage Loan for their education.
Conclusion
Poonawalla Fincorp's Loan Against Property in Mysore offers a financial tool to transform your aspirations into reality. Take advantage of attractive interest rates on loan against property, Flexible repayment tenure, and minimal paperwork, simplifying your borrowing experience. Whether it's elevating your business, investing in education, or renovating your property, our Loan Against Property is designed to meet your financial goals.
Poonawalla Fincorp’s Branch Address in Mysore:
Poonawalla Fincorp Limited
Address: 2nd Floor, House No.53, 53/1, 53/2, 53/3, 53/4, 53/5, 5th Main, 5th Cross, Saraswathipuram,Chamaraja Mohalla, Mysore, Karnataka - 570009
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
