loan against property in salem

Loan Against Property in Salem

Higher Loan Amount | Quick Approval | Attractive Interest Rates

Salem, a city nestled in the heart of Tamil Nadu, is known for its rich history, thriving textile industry, and stunning natural landscapes. As an emerging industrial and commercial centre, Salem witnesses a constant surge in business activities and economic growth. This growth has fuelled a demand for flexible financial solutions like Loan Against Property to support various aspirations of the residents and businesses in the area.

Poonawalla Fincorp’s Loan Against Property in Salem leverages the value of property to fund various needs, be it for covering overseas educational expenses or renovating a property. Whether you’re a salaried individual, a self-employed professional, or a business owner, our Loan Against Property is designed to cater to your specific financial needs and assist you in achieving your goals. Experience the simplicity and effectiveness of Loan Against Property in Salem and take confident strides towards a secure financial future.

Get attractive interest rates with our Loan Against Property in Salem that start from 9% per annum. Read below 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

    Flexible Repayment Tenure

  • Quick Approvals Logo

    Attractive Interest Rates

  • Competitive Interest Rate Logo

    Multi-Purpose Financial Support

Flexible Repayment Tenure

Experience flexibility in choosing repayment durations that stretch up to 15 years, tailored to your financial convenience.

Attractive Interest Rates

Take advantage of competitive interest rates that guarantee affordable EMIs.

Multi-Purpose Financial Support

Harness the potential of Loan Against Property for various purposes, including business expansion, home renovations, educational funding, or covering medical expenses.

  • Self-employed Professionals: You can leverage your property to secure funding for personal or business requirements through our Loan Against Property.
  • Firms/Companies: Fulfil various business needs by utilising your property as collateral to support the expansion and development of your company.
  • Salaried Individuals: Salaried employees can avail of funds by utilising the value of their assets with a Property Mortgage Loan.
  • Debt Consolidation: Combine several high-interest debts into a single Loan Against Property, alleviating financial pressure.
  • Manage Medical Expenses: Secure resources to address unforeseen medical expenses and emergencies without burdening your finances.
  • Enhance Infrastructure: Utilise Loan Against Property for the improvement and renovation of your business facilities or residence.

With Poonawalla Fincorp’s Loan Against Property in Salem, you can use your property's value to expand your business, pay medical bills, or focus on property renovations. Whether you are a salaried employee, self-employed, or run a business, our Loan Against Property is designed for you to achieve your financial goals without any hassle.

Poonawalla Fincorp Limited

Address: 2nd Floor, Sri Vaari Shopping Mall, 258/2,2/91, New Bus Stand Main Road, Meyyanur, Salem-636004, Tamil Nadu
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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A Loan against property or property mortgage loan is a secured loan granted when you offer your existing

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