loan against property interest rates

Loan Against Property Interest Rates Starting @ 9%

Flexible Loan Terms | Tenure Up to 180 Months | No Hidden Charges

Smart borrowing begins with availing a loan at affordable terms. At Poonawalla Fincorp, we understand this and have designed our Loan Against Property to offer a seamless experience to our customers. Offered at attractive interest rates starting from just 9% per annum, our loan is a cost-effective solution that meets your financial needs. We guarantee 100% transparency, ensuring there are no hidden charges whatsoever. Go ahead and achieve your financial goals with our Loan Against Property. Apply now!

Applicable Fees and Charges on Loan Against Property

Interest Rate Logo Interest Rate
  • Keep your EMIs affordable with our competitive interest rates, starting at just 9%* p.a.
Loan Fees Logo Processing Fee
  • We levy a nominal processing fee of up to 1% of the sanction amount plus taxes to handle loan processing, verification, and other administrative services.
Payment Logo Foreclosure Charges
  • Foreclose your loan by paying 0% charges if paid from own sources and 4% charges on the outstanding loan amount plus taxes if paid from other sources.
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 other applicable charges.

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

Foreclosure refers to the process of paying off the remaining outstanding loan principal amount in a single payment. When done correctly, foreclosure can help you save on interest payments. However, it is essential to plan carefully before considering foreclosure as a viable option as a large payment amount can have a significant impact on your financial health. Hence, 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 a 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 competitive interest rates, starting at just 9%* p.a. This makes our loan one of the most cost-effective financing options that you can avail of to fulfil any kind of big-ticket expense.

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.
  • Maintain a good credit score.
  • Meet all the loan eligibility criteria.
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.

Note : It is important to consider your existing financial condition carefully before opting for the above-mentioned tips to reduce the interest payable on your mortgage loan.

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 will be required to pay a processing fee of up to just 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 0% foreclosure charges if paid from own sources and 4% charges on the outstanding loan amount plus taxes if paid from other sources.

*Terms & Conditions Apply

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