Apply for a Loan Against Property in Patiala with Minimal Documentation!
Patiala, a city steeped in history and culture, is witnessing a rapid surge in economic growth by providing lots of growth opportunities to its residents. In a city driven by ambitions, the need for timely finances is constant, which can be accessed without any financial constraints. Luckily, Poonawalla Fincorp understands this and offers a Loan Against Property in Patiala for its residents and businesses to help fulfil their goals.
Our Loan Against Property in Patiala enables individuals and businesses to use their properties as collateral to access substantial funds. Whether it's for business expansion, higher education, or medical emergencies, the Property Mortgage Loan provides a flexible and competitive interest rate solution.
Loan Against Property Interest Rates in Patiala
We offer competitive interest rates on Loan Against Property in Patiala, starting from 9.5% per annum. Please refer to the table below to learn more about the applicable charges on Loan Against Property:
| 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 Patiala
-
Minimal Documentation
-
No Hidden Charges
-
Flexible Repayment Tenure
Minimal Documentation
The documents required for a Loan Against Property include mainly the necessary paperwork like identification proof, income details, etc.
No Hidden Charges
We guarantee complete transparency in our loan terms, with all the applicable charges specified throughout the loan process.
Flexible Repayment Tenure
Opt for a flexible repayment period of up to 15 years and manage your loan EMIs accordingly. You can also use the LAP EMI calculator.
We offer Loan Against Property in Patiala for :
- Self-employed Professionals: Regardless of your profession, secure funds easily with our Property Mortgage Loan.
- Salaried Individuals: If you are a salaried individual, you can use your property to get funds to fulfil any financial requirement with a Loan Against Property.
- Firms/Companies: Fuel your business growth with a Loan Against Property for business expansion.
Purposes of Loan Against Property in Patiala:
- Business Expansion: Take your business to a new level with our Loan Against Property in Patiala.
- Property Renovation: Renovate your house or working space by enhancing your property's value and functionality with the funds from our loan.
- Overseas Education: Open doors to high-quality education by funding your studies overseas with a Property Mortgage Loan.
Conclusion
Our Loan Against Property in Patiala allows individuals and businesses to unlock their property value to fulfil various aspirations. Apply for a Loan Against Property in Patiala at attractive interest rates today!
Poonawalla Fincorp’s Branch Address in Patiala:
Poonawalla Fincorp Limited
Address: Ground Floor, Plot/SCO 134, Choti Bardari, Patiala, Punjab-147001
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
