loan against property interest rates

Loan Against Property Leverage the property value for your needs

Loan up to 30 Lakhs | Attractive Interest Rate | Zero Foreclosure Charges

Loan Against Property: Interest Rate & Charges

Competitive Interest Rates | Nominal Fees | Zero Hidden Charges

Availing a loan against property on affordable terms is crucial to borrowing smartly. We understand this need and have tailored our loan to offer a pocket-friendly experience. The Poonawalla Fincorp Loan Against Property is offered at a competitive rate of interest and has some of the lowest fees applicable. What’s more, there are no hidden charges whatsoever, and we assure 100% transparency in all loan dealings.

Loan Against Property Fees And Charges

Interest Rate Logo Interest rate
  • Keep costs in check and your EMIs affordable with a LAP loan interest rate starting at 13%. Fund all manner of personal or business-related expenses while ensuring optimal outgo.
Loan Fees Logo Processing fee
  • We levy a nominal processing fee to handle loan processing, verification, and other administrative services. Our charge ranges between 1% and 2% of the approved sanction, plus taxes.
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  • Foreclosing the loan during the tenure is a great way to save on interest, and you can enjoy this benefit fully with a Poonawalla Fincorp Loan Against Property. We have 4% charges on foreclosure of your loan on the principal outstanding plus the applicable taxes.
Late Replayment Logo Other fees and charges
    The rest of the Poonawalla Fincorp Loan Against Property charges are as follows.
  • IMD Charges (Initial application fee is Non Refundable)- 0.1% of loan amount or Rs.5000/- whichever is lower.

A foreclosure is when you pay off the remaining outstanding loan amount in a single payment. When done right, a foreclosure can help you save a lot on interest, but must be done only after careful planning. Considering 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 when planning such payments
  • 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 rates in the market. Our LAP interest rate starts at 13%, making this a cost-effective option.

How can I get the lowest mortgage loan interest rates?

    To avail the loan against property lowest interest rate and enjoy maximum affordability, follow these simple tips:
  • Apply with a strong financial profile
  • Pledge a property with a high market value
  • Have a credit score of 750 or higher
  • 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 to:
  • Negotiate for a lower interest rate
  • Take a smaller loan amount
  • Shorten the 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. Here, you only have to pay a processing fee that ranges between 1% and 2% of the approved sanction, plus taxes.

Can I foreclosure the loan against property before the tenure ends?
Yes. You can foreclose with a single payment, with 4% charges on the principal outstanding.

Interest Rate

APR ranging from 9% to 18% | One-time Processing Fee up to 2% plus taxes.


Flexible repayment tenure from 3 to 15 years with 4% Foreclosure charges on principal outstanding plus applicable taxes.


Loan Amount Rs.30 lakh, Interest Rate: 10%, Tenure: 10 years, equates to EMI of Rs. 39,645 per month.

This rate of interest is prone to fluctuation basis our internal credit and risk policy, and as per an algorithmic multivariate score card.
*T&C Apply

Apply for Loan Against Property Online in 5 Easy Steps Arrow Logo

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Apply Online

Fill a simple online form with basic details.

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Upload Documents

Submit your KYC, Income Documents, and Bank Account Statements along with a copy of Property Documents.

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Quick assessment of your documents and property inspection.

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Quick Approval

Get your loan approved with a hassle-free and quick process.

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Easy Disbursal

That’s it! Your loan gets instantly disbursed.

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Loan Against Property
Advantages of Loan Against Property.

A Loan against property is a secured loan granted when you offer your existing residential or commercial property as collateral. These loans are sanctioned by housing finance companies and banks, usually at a lower rate of interest than other traditional forms of loans.

Home Loan
5 important things to keep in mind when availing a Loan against property

With the number of Covid-19 cases gradually coming down in India and the possibility of regional lockdowns easing and opening of the business markets, the need for finances or capital needs towards personal or business commitments will start seeing an uptick in credit demands from individuals and self-employed people.

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