loan against property in visakhapatnam

Loan Against Property in Visakhapatnam

Minimal Documentation | Easy Processing | Competitive Interest Rates

Visakhapatnam is known for its picturesque beaches and growing urban landscape. Besides this, the city thrives with businesses and aspirations, that often demands huge funds to be invested. However, finding a source for the same often seems difficult. Poonawalla Fincorp’s Loan Against Property product comes as a tailored financial solution for individuals and enterprises. Be it a salaried professional, a business owner, or a self-employed individual, Loan Against Property allows you to leverage the value of your property to fulfil your financial aspirations.

With Poonawalla Fincorp's Loan Against Property, you can access substantial funds for various needs, from business expansion to education or medical expenses. Explore the benefits of Loan Against Property and embark on a journey toward financial stability in this thriving coastal gem.

You can now enjoy transparent loan processing in Visakhapatnam with Poonawalla Fincorp for a hassle-free borrowing experience. Explore competitive interest rates starting at just 9% p.a. Please see below for more details:

Loan Against Property Interest Rates 9% p.a. Onwards
Loan Amount From ₹51 Lakhs to ₹5 Cr
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

    Transparent processing

  • Quick Approvals Logo

    Foreclosure charges

  • Competitive Interest Rate Logo

    High Loan Amount

Transparent processing

There are no hidden fees that you need to worry about while applying for a Property Mortgage Loan from Poonawalla Fincorp.

Foreclosure charges

Foreclose your loan ahead of time and clear your debt without worrying about high charges if paid through own sources.

High Loan Amount

We offer loans high loan amounts, ranging between ₹51 Lakhs to ₹5 Cr.

  • Firms and Companies: Achieve business expansion and financial milestones using your property as security with our Loan Against Property services.
  • For Salaried Individuals: Get a flexible loan for your personal or business needs by utilizing your property.
  • Self-employed Individuals: Empower your financial journey with our Loan Against Property solutions designed to cater to the unique needs of self-employed professionals.
  • Consolidate high-interest debt: Merge multiple debts into one manageable payment. Simplify your debt with consolidation.
  • Emergency Fund: Secure your family's future with a readily accessible emergency fund through our Loan Against Property.
  • Home/Office Transformation: Adapt to the modern work environment with Loan Against Property for home office renovations and improvements.

Embrace financial clarity and ease with a Loan Against Property in Visakhapatnam through Poonawalla Fincorp. This coastal city, famed for its picturesque beaches and urban growth, is a hub of ambitions and businesses. Regardless of being a salaried worker, business owner, or self-employed individual, Poonawalla Fincorp’s Loan Against Property empowers you to utilize your property's value for varied financial goals. With competitive interest rates starting at just 9% p.a., you can secure substantial funds for endeavours like business expansion, education, or medical expenses. Discover the advantages of Loan Against Property and head towards financial security in this thriving coastal city.

Poonawalla Fincorp Limited

Address: Door No.10-5-/22/2/3, "Varsha Tower", 2nd Floor Waltair Main Road, Opp to WNS, Visakhapatnam-530003
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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Dos and donts and LAP
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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

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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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