Loan Amount
Up to ₹25 Crore
Interest Rate
Starting at 9.5%* p.a.
Loan Tenure
36-180 Months

Get a Loan Against Property at better interest rates!

Unlock the value of your property with Poonawalla Fincorp’s Loan Against Property at a competitive interest rate starting at 9.5%* p.a. Whether you're a self-employed individual or a business owner, enjoy affordable financing with minimal charges and flexible terms. Our attractive Loan Against Property interest rate ensures you borrow smart and repay comfortably, making it the ideal solution for your personal or professional financial goals.

Competitive Interest Rate

Get a Loan Against Property starting at just 9.5%* p.a. and reduce the overall cost of borrowing.

Minimal Processing Fees

Pay a nominal processing fee of up to 2% on the approved sanction amount.

Other Charges

Check our tariff sheet document for more details about our other fees and applicable charges.

Late Payment Penalty

  • Default Charges: 24% per annum plus applicable taxes.
  • Cheque Bounce: ₹500 per bounce.

Nominal Foreclosure Charges

  • 5% on principal outstanding plus applicable taxes.

Interest Rates and Charges for Loan Against Property

Discover transparent and affordable financing with Poonawalla Fincorp’s Loan Against Property. Benefit from a competitive interest rate, minimal charges and flexible terms to make your borrowing experience smooth and cost-effective.

Particulars
Charges
Interest Rates 
9.5%* p.a. onwards 
Loan Amount 
₹51 Lakh to ₹25 Crore 
Loan Processing Fee 
Up to 2%
Lowest EMI per month 
₹1044* per Lakh for 180 months
Loan Tenure 
3-15 years
Foreclosure/Prepayment Charges
5% on principal outstanding + applicable taxes

5% on principal partly paid amount + applicable taxes
Default Charges
24% per annum plus taxes
Repayment Instrument Dishonour Charges 
₹500 per bounce
Stamp Duty 
At actuals (as per state) 
Hidden Charges 
Nil 

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Factors Affecting Loan Against Property Interest Rates

  • Credit Score: A good credit score of 700 or higher helps you avail of a loan at affordable interest rates.
  • Repayment Tenure: A longer repayment tenure provides the convenience of affordable interest rates but leads to higher interest payable. A shorter repayment tenure reduces the interest payable.
  • Income: Higher income indicates good repayment capability, leading to affordable interest rates.
  • Down Payment: A higher down payment lowers the interest rate, and vice versa.

Apply for a Loan Against Property in Just 3 Steps

Click on "Apply Now”

Tap the Apply Now button to initiate your application.

Enter Details

Enter your contact, personal, occupation, and property ownership details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Get Exclusive Access to Simplified
Personal Finance Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is the starting rate of interest on a Loan Against Property?

Poonawalla Fincorp offers Loan Against Property at interest rates starting at 9.5% p.a. This makes our loan one of the most cost-effective financing options you can avail yourself of to fulfil any big-ticket expense.

What is the processing fee chargeable on the Poonawalla Fincorp Loan Against Property?

We ensure an affordable experience and only levy a nominal processing fee of up to 2% on our Property Mortgage Loan plus applicable taxes.

Can I foreclose the Loan Against Property before the tenure ends?

Yes, you can foreclose your loan before tenure ends by paying a nominal foreclosure fee of 5% on the outstanding loan amount plus taxes.

How can I know the total interest cost payable on the Loan Against Property?

You can calculate the total interest cost using an EMI calculator by entering your loan amount, tenure, and applicable interest rate. This helps estimate your monthly payments and total interest over the loan period.

Is a Loan Against Property taxable?

The loan itself is not taxable as it is not considered income. However, if the property generates rental income or is sold, applicable taxes may arise based on capital gains or income tax laws.

What is the meaning of mortgage loan interest?

Mortgage loan interest refers to the cost you pay to the lender for borrowing money against your property. It is calculated as a percentage of the loan amount and paid over the loan tenure.

What percentage of the property value can I avail as a Loan Against Property?

You can typically avail up to 60%–70% of your property's market value, depending on factors like income, credit score, and property type.

Is the interest rate on the Loan Against Property consistent among lenders?

No, interest rates vary across lenders based on their policies, your credit profile, loan tenure, and property valuation. Poonawalla Fincorp offers competitive rates starting at 9.5% p.a.

How is the interest charged on the borrowed amount for a Dropline Overdraft facility?

Interest in a Dropline Overdraft facility is charged only on the amount utilized, not the entire sanctioned limit. It helps reduce interest costs if the full amount is not used.

What is the interest rate for property loan?

At Poonawalla Fincorp, the Loan Against Property interest rate starts from 9.5% p.a., making it an affordable option for both individuals and businesses.

Are there additional charges along with the interest rate?

Yes, additional charges may include processing fees (up to 2%), foreclosure charges, late payment penalties, and stamp duty. All charges are transparently listed in the tariff sheet.

Are the interest rates fixed or floating?

Poonawalla Fincorp offers both fixed and floating interest rate options. Floating rates may vary with market conditions, while fixed rates remain constant throughout the tenure.

What factors determine the interest rate on my Loan Against Property?

Key factors include your credit score, income, loan tenure, property type, and loan amount. A strong financial profile can help secure lower interest rates.

Happy Customers, Happy Us