Get a Loan Against Property Today!
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 ₹25 Crore.
With our quick and simple online application process, you can easily get a Loan Against Property without any hassle. Additionally, our loan comes with a flexible tenure that makes loan repayment convenient.
You can avail of a Loan Against Property 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
A Loan Against Property can be availed of for any big-ticket expense. Some of the common ways to utilize these funds are to:
Expand an existing business
Consolidate high-interest debt
Pay for a medical emergency
Renovate business infrastructure or a home
Fund overseas higher education
Calculate your Monthly EMI for a Loan Against Property
Loan Against Property Charges and Fees
|Loan Against Property Interest Rates||9% p.a. onwards|
|Loan Amount||From ₹51 Lakh to ₹25 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||4% on the outstanding loan, plus applicable 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|
Apply for a Loan Against Property in just a Few Easy Steps
Click on ‘Apply Now’ and enter your contact details along with loan amount, tenure, and property type.
Enter Property Details
Enter your DOB and property ownership details.
Enter Occupation Details
Enter your occupation and employment details.
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.
Flexible repayment tenure of up to 180 months
Loan Amount: ₹51 Lakh, Interest Rate: 9%, Tenure: 180 months, equates to EMI of ₹51,728* per month.
* T&C Apply
Features and Benefits of Loan Against Property
Experience the best-in-class Loan Against Property offered by Poonawalla Fincorp. Here are the top features and benefits:
Quick & easy approval process
A wide range of properties accepted as collateral
High LTV for ample funding ranging up to ₹25* Crore
Competitive interest rate & charges
Flexible repayment tenure of up to 180 months
No hidden costs
We Offer Loan Against Property To
Loan Against Property Eligibility Criteria
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 the 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:
Statutory Compliances (wherever applicable*)
Note: The above-mentioned eligibility criteria are indicative. Additional prerequisites may be required during loan processing by Poonawalla Fincorp.
Documents Required for Loan Against Property
Our online application process eliminates lengthy paperwork and provides timely funding. We only require essential documents, which fall into 5 categories:
Income and Financial Documents
Sanction letter and SOA of Existing Loans (if any)
You can also check the specific list of Loan Against Property documents required for different borrowers!
Note: The above-mentioned list of documents for Loan Against Property is indicative. Additional documents may be required during loan processing.
Loan Against Property Balance Transfer
A Loan Against Property 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 Loan Against Property 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
How to Transfer Your Loan Against Property to Poonawalla Fincorp?
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:
- Visit the ‘Loan Against Property’ page on our website.
- 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.
Frequently Asked Questions
A mortgage loan or Loan Against Property is a secured loan wherein you pledge your property as collateral. It is a secured loan through which you can get a high loan amount that can be repaid through affordable EMIs over a specific period of time.
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:
- Expanding an existing business.
- Consolidating high-interest debt.
- Renovating business infrastructure or a home.
- Paying for a medical emergency.
- Funding overseas higher education.
Our Loan Against Property comes with a range of customized features and benefits. We offer a high loan amount, flexible tenure, competitive interest rates, and more. This offering is tailored to make borrowing easy and affordable for all.
Yes. You can avail of our loan online in just a few simple steps:
- Go to the dedicated webpage and click on ‘Apply Now’.
- Fill out the Loan Against Property application form with basic details.
- Submit all the required documents and await the verification of your application.
- Await assessment and verification
- Receive loan approval
- Authorize and get disbursal of the loan amount
One of our representatives will contact you for further processing. Post successful verification of your details and documents, the loan amount will be approved for disbursal.
*Terms & Conditions Apply