loan against property

Loan Against Property

@9% p.a.

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

Unlock the true value of your home or commercial space with Poonawalla Fincorp's Loan Against Property. Whether you need funds for personal or business needs, you can use your property as collateral to get a loan amount of up to ₹5 Crore.

With our quick and simple online application process, you can easily get a property mortgage loan without any hassle. Additionally, our loan comes with a flexible tenure that makes loan repayment convenient.

You can avail of this secured loan for any purpose, be it debt consolidation, funding higher education abroad, or covering medical expenses. Furthermore, with minimal documentation, you can experience a seamless loan journey - from application to disbursal. Apply now!

Reasons to Get a Loan Against Property

Some of the common ways to utilize these funds are to:

  • Higher education

    Expand an existing business

  • Wedding celebrations

    Consolidate high-interest debt

  • Medical expenses and hospital bills

    Pay for a medical emergency

  • Travel

    Renovate business infrastructure or a home

  • Home redecorations and revamps

    Fund overseas higher education

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Calculate
Interest Rate 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 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 2% per month
Cheque Bounce Charges ₹500 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
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Online

Apply Online

Click on ‘Apply Now’ and enter your contact details along with loan amount, tenure, and property type.

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Enter
Property
Details

Enter Property Details

Enter your DOB and property ownership details.

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Occupation
Details

Enter Occupation Details

Enter your occupation and employment details.

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Verification

Verification

The application will then proceed for verification and assessment.

Interest Rate & Fees

9% p.a. onwards | One-time processing fee of up to 1% of sanction amount plus taxes.

Repayment

Flexible repayment tenure of up to 180 months

Example

Loan Amount: ₹51 Lakh, Interest Rate: 9%, Tenure: 180 months, equates to EMI of ₹51,728* per month.

* T&C Apply

Experience the best-in-class Loan Against Property offered by Poonawalla Fincorp. Here are the top features and benefits:

  • Unsecured and collateral-free loans logo

    Minimal documentation

  • Short turn around time for loan approval logo

    Quick & easy approval process

  • Quick loan disbursal facility logo

    A wide range of properties accepted as collateral

  • Competitively priced low-interest rate loan schemes logo

    High LTV for ample funding ranging up to ₹5* Crore

  • No foreclosure penalty logo

    Competitive interest rate & charges

  • Flexible repayment tenure logo

    Flexible repayment tenure of up to 180 months

  • No hidden charges logo

    No hidden costs

  • Collateral-free logo

    Doorstep services

We Offer Loan Against Property To

  • Identity Proof

    Salaried individuals

  • Address proof

    Self-employed professionals

  • Income Proof

    Firms/ Companies

The Loan Against Property offered by Poonawalla Fincorp is available for salaried individuals, self-employed professionals, and firms/companies. It has basic eligibility requirements that help speed up the process, allowing you to easily apply for a loan, even in an emergency.

To qualify for funding and get quick approval, you need to meet the eligibility criteria related to the following factors:

Age Requirement

Age

Citizenship Status

Work Experience/
Business Vintage

Work Experience logo

Income

Monthly Salary Required

Business Profile

Employment Required

Statutory Compliances (wherever applicable*)

Note: The above-mentioned eligibility criteria are indicative. Additional prerequisites may be required during loan processing by Poonawalla Fincorp.

Our online application process eliminates lengthy paperwork and provides timely funding. We only require essential documents, which fall into 5 categories:

  • Identity Proof

    KYC Documents

  • Address proof

    Income and Financial Documents

  • Address proof

    Property Documents

  • Income Proof

    Bank Statement

  • Income Proof

    Sanction letter and SOA of Existing Loans (if any)

You can also check the specific list of documents required for different borrowers!

Note: The above-mentioned list of documents are indicative. Additional documents may be required during loan processing.

A LAP Balance Transfer refers to the process of transferring your existing mortgage loan from the existing lender to your new lender. You can opt for the balance transfer of your property mortgage loan to Poonawalla Fincorp for any of the following reasons:

  • Lower interest rate
  • Longer and more flexible loan tenure
  • Higher loan amount
  • Higher LTV on the market value of the asset
  • Best-in-class customer service and query resolution

We realize that time is of the essence and, hence, have kept the Loan Against Property balance transfer process simple and hassle-free. Following are the steps for balance transfer:

  • Click on “Apply Now”.
  • Fill in the required personal, professional, and financial details in the form.
  • Submit all the necessary documents.

A representative from Poonawalla Fincorp will get in touch with you for further processing. After your assessment and verification, you will receive a loan sanction. Once you authorize the disbursal, the loan amount will be credited to your bank account.

What is a loan against residential property?
When should I take a Loan Against Property?
Why should I opt for the Poonawalla Fincorp’s Loan Against Property?
Can I get a loan against commercial property?
Is it possible to get a loan against my home?
What is Loan Against Property Interest rate offered by Poonawalla Fincorp?

*Terms & Conditions Apply

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You can easily apply for a Loan Against Property to obtain funds for various big-ticket expenses. Avail of high loan amounts ranging from ₹51 Lakh to ₹5 Crore. Check out the loan amount options below:

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Loan Against Property by Amount

You can easily apply for a Loan Against Property to obtain funds for various big-ticket expenses. Avail of high loan amounts ranging from ₹51 Lakh to ₹5 Crore. Check out the loan amount options below:

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