loan against property

Loan Against Property

Higher Loan Amount | Longer Tenure | No Hidden Charges | Balance Transfer

Apply for Loan Against Property - Get a Loan Amount up to ₹10 Crore

Property is an asset that can be leveraged in many ways, and one of the smart ways 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 loan processed and disbursed in real quick 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 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

Loan Against Property Interest Rates 9% p.a onwards
Loan Amount From ₹25 Lakhs to ₹10 Cr
Loan Processing Fees Up to 1% Plus applicable taxes
Lowest EMI per month Starting from ₹25,357* per 25 Lakhs for 15 years
Loan Tenure 3 - 15 years
Prepayment/Foreclosure Charges 0%* If paid from own sources.

4% of the outstanding loan amount plus taxes if paid from other sources
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
Semi Circle Logo
Laptop Logo

Apply Online

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

Semi Circle Logo
Document Required Logo

Enter residence details

Enter your DOB and residentce ownership details

Semi Circle Logo
Verfied Logo

Enter occupation details

Enter your occupation and employment details

Semi Circle Logo
timer logo


Application will then proceed for verification and assessment

Interest Rate

Interest Rates starting 9% | One-time Processing Fee up to 1% of sanction amount plus taxes.


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


Loan Amount ₹30 Lakh, Interest Rate: 9%, Tenure: 10 years, equates to EMI of ₹38,003 per month.

* T&C Apply

Our goal is to deliver a seamless experience and to do just that, we’ve customized 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, minimizes delays, and ensures an affordable experience with flexible tenure and reasonable interest rates.

Below are the top features & benefits about our loan

  • Unsecured and collateral-free loans logo

    Minimal documentation

  • Short turn around time for loan approval logo

    Quick and easy approval process

  • Quick loan disbursal facility logo

    Wide range of properties accepted as collateral

  • Competitively priced low-interest rate loan schemes logo

    High LTV for ample funding ranging up to ₹10* Crore

  • No foreclosure penalty logo

    Competitive Loan Against Property interest rate & charges

  • Flexible repayment tenure logo

    Long and flexible tenure up to 15 years

  • 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 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 to meet criteria related to the following factors:

Age Requirement


Citizenship Status

Work experience/
business vintage

Work Experience logo


Monthly Salary Required

Business profile

Employment Required

Statutory compliances(wherever applicable*)

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

Lengthy, unending paperwork can be a dampener 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 categorized into 5 main types:

  • Identity Proof

    KYC documents

  • Address proof

    Income and financial documents

  • Address proof

    Property papers

  • Income Proof

    Bank Statement

  • Income Proof

    Sanction letter and SOA of existing loans

Find the specific Loan Against Property documents required for each borrower type online, on our dedicated webpage.

Note: The above-mentioned Loan Against Property documents list is indicative, and additional documents may be required during loan processing.

When you transfer your Loan Against Property from another lender to Poonawalla Fincorp, it is termed a Loan Against Property Balance Transfer. The Balance Transfer to Poonawalla Fincorp can be done for one or more 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 we have kept the Loan Against Property Balance Transfer process very simple and hassle-free. The following are the steps:

  • Open the Loan Against Property page on Poonawalla Fincorp’s 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 further processing
  • After your assessment and verification, you will receive a loan sanction
  • Once you authorize, the loan amount will be credited to your bank account
What is a mortgage loan?

A mortgage loan or Loan Against Property is an instrument that allows you to keep your property as collateral to get funds. It is a secured loan through which you can get a high sanction amount, usually repayable over a flexible tenure.

When should I take a LAP?

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:

  • Expand an existing business
  • Consolidate high-interest debt
  • Renovate business infrastructure or a home
  • Pay for a medical emergency
  • Fund overseas higher education
Why should I opt for the Poonawalla Fincorp LAP?

Our Loan Against Property is loaded with a range of customized features and benefits. We offer a high sanction amount, flexible tenure, competitive rates, nominal fees etc. This offering is tailored to make borrowing easy and affordable.

Can I avail the property mortgage loan online? How?

Yes. You can avail of our loan online in just a few simple steps. All you must do is:

  • Go to the dedicated webpage and click ‘Apply Now’
  • Fill the Loan Against Property application form with basic details
  • Poonawalla representative will contact for further processing
  • Await assessment and verification
  • Receive loan approval
  • Authorize and get disbursal of the loan amount

*Terms & Conditions Apply

Locate Our Offering Arrow Logo

Our Loan Against Property are available at

Insightful Loan Against Property Blogs Arrow Logo

Dos and donts and LAP
Do’s and Don'ts of Applying for a Loan Against Property

A Loan Against Property (LAP) is a low-cost way to ensure funds are available when needed. This is a secured loan, and you mortgage your property for the loan.

Essentials of Loan Against Property
5 Essentials of Loan Against Property You Can’t Avoid

e all know that the COVID-19 pandemic has affected most of the population physically, mentally, and financially. The financial crunch experienced

Contact Us logo Quick Apply CIBIL Score logo Free CIBIL Whatsapp logo Connect on WhatsApp