loan against property

Loan Against Property Leverage the property value for your needs

Higher Loan Amount | Longer Tenure | No Hidden Charges

Apply for Loan Against Property - Get Loan Amount up to Rs. 5Cr.

Property is an asset that can be leveraged in many ways, and a smart way is to use it as collateral for a loan. With the Poonawalla Fincorp Loan Against Property, you get to unlock the true value of your asset. This helps you get funds to meet any financial goal, be it personal or business-related. With this instrument, your property, be it commercial, residential, or industrial, serves as collateral, and you can continue to use it without any restrictions.

We understand that accessing a large amount of funds is usually quite a hassle, but we have designed this offering to keep things simple. Our loan comes with an online application, allowing you to apply in a few easy steps. What’s more, you only need to meet our basic requirements, and you can get your mortgage loan processed and disbursed in no time.

Various Reasons To Borrow A Loan Against Property

    The Poonawalla Fincorp Loan Against Property can be used freely and for any big-ticket expense. Some of the common ways to utilise these funds is to:
  • Fund overseas higher education
  • Expand an existing business
  • Consolidate high-interest debt
  • Pay for a medical emergency
  • Renovate business infrastructure or a home

Our goal is to deliver a seamless experience, and to do just that, we’ve customised our offering with a range of best-in-class loan against property features. The Poonawalla Fincorp Loan Against Property is easy to avail, offers quick approvals, minimises delays, and ensures an affordable experience thanks to the flexible tenure and interest rates on offer.

Check out the top features & benefits to know more about our loan.

  • Quick and easy approval process
  • High LTV for ample funding ranging up to Rs.5 crore
  • Wide range of properties accepted as collateral
  • Competitive loan against property interest rate & charges
  • Minimal documentation
  • Lengthy and flexible tenure up to 15 years
  • No hidden charges
  • Doorstep services
  • Expedited loan processing

The Poonawalla Fincorp Loan Against Property has basic eligibility requirements. This helps speed up loan processing and makes this offering one that you can easily access, even in an emergency.

    To qualify for funding and get quick approval, applicants need only meet criteria related to the following factors:
  • Age
  • Work experience / business vintage
  • Income
  • Citizenship

Loan Against Property Documents Required

Lengthy, unending paperwork can put a damper on the borrowing experience. What’s more, it can cause delays and make it difficult to get the funding you need on time. To ensure that you don’t run into such problems, we only require you to submit basic documents. These can be categorised into 5 main types.

  • ID documents
  • Income documents
  • Address proof
  • Financial documents
  • Property paperwork

Find the specific loan against property documents required for each borrower type online, on our dedicated webpage.

  • Salaried individuals
  • Self-employed professionals
  • Firms/ Companies

What is a mortgage loan?
A mortgage or loan against property is an instrument that allows you to leverage property to get funds. It is a secured loan through which you can attain an ample sanction, usually repayable over a lengthy tenure.

When should I take an LAP loan?

    Ideally, this type of secured loan should only be taken when you need a large amount of funding for big-ticket expenses. Some common reasons to borrow include:
  • Handling business expenses
  • Paying for a medical emergency
  • Funding overseas education

Why should I opt for the Poonawalla Fincorp LAP loan?
Our loan against property is loaded with a range of customised features and perks. We offer an ample sanction amount, flexible tenure, attractive rates, and have nominal fees. This offering is tailored to make borrowing easy and affordable.

Can I avail the property mortgage loan online? How?

    Yes. You can avail our loan online in just 5 simple steps. All you have to do is:
  • Go to the dedicated webpage and click ‘Apply Now’
  • Fill the loan against property application form with basic details
  • Upload the required loan documentation
  • Await assessment and verification
  • Receive loan approval

Are there any special features of the loan against property offered by Poonawalla Fincorp?
Yes. We offer a special perk known as the doorstep service. Here, you get a dedicated relationship manager to assist you with every step of the way, and make loan processing completely effortless.

Interest Rate

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

Repayment

Flexible repayment tenure from 5 to 15 years with 4% Foreclosure charges on principal outstanding plus applicable taxes.

Example

Loan Amount Rs.30 lakh, Interest Rate: 9%, Tenure: 10 years, equates to EMI of Rs. 38,003 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

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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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Verification

Verification

Quick assessment of your documents and property inspection.

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Approval

Quick Approval

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

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Disbursal

Easy Disbursal

That’s it! Your loan gets instantly disbursed.

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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.

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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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