loan against property interest rates

Loan Against Property Leverage the property value for your needs

Higher Loan Amount | Longer Tenure | No Hidden Charges

Loan Against Property: Interest Rate & Charges

Availing a Loan Against Property on affordable terms is crucial for borrowing smartly. We understand the need of our customers and have designed our loan to offer a seamless experience. The Poonawalla Fincorp Loan Against Property is offered at a low rate of interest and fees. What’s more, there are no hidden charges whatsoever, and we assure 100% transparency in all our loan dealings.

Loan Against Property Fees and Charges

Interest Rate Logo Interest rate
  • Keep your EMIs affordable with our competitive interest rates starting at just 9%* p.a. Fund your expenses using this low interest loan amount.
Loan Fees Logo Processing fee
  • We levy a nominal processing fee to handle loan processing, verification, and other administrative services. Our charge ranges up to 1% of the sanction amount plus taxes.
Payment Logo Foreclosure charges
  • You can foreclose your loan by paying 4% foreclosure charges on the principal outstanding amount plus the applicable taxes.
Late Replayment Logo Other fees and charges

Other charges for Loan Against Property as applicable as given below:

  • Initial Commitment Fee (Initial application fee is Non-Refundable)- ₹10,000/-.

Kindly check our tariff sheet document to get more details about our other fees and applicable charges.

Loan Against Property Interest Rates 9% p.a onwards
Loan Amount From ₹25 Lakhs to ₹10 Cr
Loan Processing Fees Up to 1% Plus applicable taxes
Lowest EMI per month Starting from ₹25,357* per 25 Lakhs for 15 years
Loan Tenure 3 - 15 years
Prepayment/Foreclosure Charges 4% of the outstanding loan amount plus taxes
Late Payment Charges 2% 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

A foreclosure is when you pay off the remaining outstanding loan principal amount in a single payment. When done right, a foreclosure can help you save on interest amount but must be done only after careful planning. If it is a large payment, it can have a significant impact on your financial health. To avoid any negative implications, follow these tips:

  • Check the foreclosure charges
  • Do a cost-benefit analysis to know your true savings
  • Use an online foreclosure calculator for more detailed analysis
  • Plan to foreclose as early as possible for maximum savings

What is the starting rate of interest on a Loan Against Property?

Poonawalla Fincorp offers a Loan Against Property at some of the most competitive rate. Our LAP interest rate starts at just 9%* p.a., making this one of the most cost-effective options.

How can I get the lowest mortgage loan interest rates?

To enjoy the lowest interest rates and ensure maximum affordability, follow these simple tips:

  • Apply with a strong financial profile
  • Pledge a property with a high market value
  • Have a good credit score
  • Meet all the loan eligibility criteria without any issues

Is there a way to reduce the mortgage loan interest payable?

Yes. Some of the best ways to reduce the interest on Loan Against Property are as follows:

  • Negotiate for a lower interest rate
  • Even though you might be eligible for a higher amount, borrow only the amount you require
  • Opt for a shorter tenure

What is the processing fee chargeable on the Poonawalla Fincorp Loan Against Property?

We ensure an affordable experience and only levy nominal charges on our Loan Against Property. You only must pay a processing fee that ranges up to 1% of the sanctioned loan amount plus applicable taxes.

Can I foreclose the Loan Against Property before the tenure ends?

Yes. You can foreclose your loan before tenure ends. There will be up to 4% charges on the principal outstanding plus applicable taxes.

*T&C Apply

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Our Loan Against Property are available at

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Use of Loan Agsinst Property
How can LAP be used to consolidate debt?

With different monthly payments on different dates, paying off multiple loans often becomes difficult. Here, the easiest route to hassle-free repayment

Factors Effecting on LAP Interest rate
Top 10 Factors Affecting on Your Loan Against Property Interest Rates

A loan against property can be used for various financial requirements. It can assist you with anything, right from purchasing a new home to the establishment

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