loan against property in Sikkim

Loan Against Property in Sikkim

Up to ₹5 Crore | Quick Approval| No Hidden Charges

The serene beauty of Sikkim attracts tourists from all over the world leading to a steady growth in the tourism and hospitality industry. Whether you want to upgrade your business or meet any other financial need, you can opt for a Loan Against Property in Sikkim to access quick funds.

Get up to ₹5 Crore with minimal documentation and a flexible repayment tenure. Unlock the real value of your property to fulfil your aspirations. Apply now!

Poonawalla Fincorp offers attractive rates of interest for a Loan Against Property in Sikkim:

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 ₹51,728* 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

Using an EMI calculator online helps in computing monthly instalments, interest amounts to be paid, and total loan amount. This handy online tool also lets you make necessary adjustments in loan amount and tenure to calculate your monthly budget accordingly.


Following are the features and benefits of our mortgage loan in Sikkim:

  • Instant Disbursal Logo

    Instant Disbursal

  • No Collateral/Security Logo

    Minimal Documentation

  • Zero Hidden Charges Logo

    Zero Hidden Charges

  • Flexible EMIs Logo

    Flexible EMIs

  • Collateral-free Logo


  • No End Usage Restriction Logo

    No End Usage Restriction

  • Easy Application Logo

    Easy Application

  • Various Properties Logo

    Various Properties

  • Instant Disbursal: Get the loan directly into your bank account after verification.
  • Minimal Documentation: Provide your KYC documents and address proof.
  • Zero Hidden Charges: All fees and charges are disclosed.
  • Flexible EMIs: Repay the loan at your convenience with a loan tenure of up to 15 years.
  • Collateral-free: No need to pledge collateral to get a Loan Against Property.
  • No End Usage Restriction: Use the loan to meet any financial requirement.
  • Easy Application: Just hit the ‘Apply Now’ button to get a Loan Against Property!
  • Various Properties: Avail of a loan on various properties such as residential, commercial or industrial purposes.

There are several forms of Loan Against Property. By pledging a property you own as collateral, you can avail the following types of Loan Against Property in Sikkim:

  • Loan Against Residential Property: Examples of residential property you can pledge as collateral to avail a loan are buildings, apartments, villas, or plots of land.
  • Loan Against Commercial Property: If you have any commercial space, pledge it as collateral to avail a high loan amount for funding purposes.
  • Loan Against Industrial Property: If you are willing to purchase an industrial property like a warehouse, manufacturing facility, etc. in Sikkim, you can apply for a Loan Against Property.
  • Loan Against Property Balance Transfer: Loan Against Property balance transfer is designed for individuals with already an existing loan against property. Choose Poonawalla Fincorp for our low rates of interest and flexible repayment terms. If your current Property Mortgage Loan terms are not feasible, opt for a balance transfer.

Explore Our Various Types of Loan Against Property Arrow Logo

Insightful Loan Against Property Blogs Arrow Logo

Dos and donts and LAP
Know about property types for a loan against property

A mortgage loan is one of the most preferred types of secured loans. A secured loan is one where a borrower can pledge their property to a lender in exchange for receiving funds. Banks or non-banking financial com

Essentials of Loan Against Property
Advantages of Loan Against Property

What is Loan Against Property?
A Loan against property or property mortgage loan is a secured loan granted when you offer your existing

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