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

Get a Loan Against Property in Allahabad With Quick Approval

Transform your property in Allahabad into a financial asset with Poonawalla Fincorp's Loan Against Property for up to ₹25 Crore with quick approvals, minimal documentation and competitive interest rates. Use the funds procured to expand your business, fund education, or meet personal needs. Apply now!

Why Choose Poonawalla Fincorp

Quick
Approval
High Loan Amount
Minimal
Documentation
No Hidden
Charges
Flexible
Repayment Tenure
Competitive
Interest Rate

Loan Against Property EMI Calculator

Use our EMI calculator to compute your monthly instalments. Just slide the bar to enter your loan amount, interest rates, and tenure to receive instant results. Try now!

Optimize Your Loan Against Property Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹5100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
9 %
15 %

Tenure

Months
36Months
180Months

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

Eligibility Criteria for Loan Against Property in Allahabad

Our eligibility criteria are simple:

  • Age Limit
  • Nationality
  • Work Experience
  • Business Stability

Click to know more about eligibility criteria in detail

Documents Required for Loan Against Property in Allahabad

Furnish these basic documents to get faster approval on LAP:

  • KYC documents
  • Income Proof
  • Bank Account Statement
  • Property Papers
  • Address Proof

Click to know more about documentation in detail

Interest Rate and Charges for Loan Against Property

Secure a Property Mortgage Loan in Allahabad at affordable interest rate and minimal charges:

Details of Charges for Loan Against Property in Allahabad

Interest Rate
9.5%* p.a. onwards
Loan Amount
From ₹51 Lakh to ₹25 Crore
Loan Processing Fees
Up to 2%
Lowest EMI per month
₹1044* per Lakh for 180 months
Maximum Tenure
3-15 years (12 years for Industrial/Warehouse)
Foreclosure/Prepayment Charges
5% on principle outstanding plus applicable taxes

5% on principle partly paid amount plus applicable taxes
Default Charges
24% per annum plus taxes
Cheque Bounce 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

Different Uses of Loan Against Property in Allahabad

  • Expanding business
  • Funding overseas education
  • Debt consolidation at lower interest rates
  • Renovating home or business infrastructure
  • Paying for unexpected medical emergencies

Who Can Avail of a Loan Against Property in Allahabad

  • Salaried Individuals
  • Self-employed Individuals
  • Firms or Companies

Tips for Successful Loan Against Property Application

  • Determine your financial objectives for availing of the loan
  • Know the eligibility criteria for LAP before applying
  • Choose the loan amount as per the requirements
  • Check your credit score
  • Collate the required documents beforehand

Poonawalla Fincorp Branch Address in Allahabad

Poonawalla Fincorp Limited

Address: 1st Floor, 120/1/18/2C, Plot No-18, Site No-29, Mahatma Gandhi Marg, Near MAX Showroom, Civil Lines, Prayagraj, Allahabad, Uttar Pradesh-211001

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

1. What factors decide the loan amount for LAP in Allahabad?

The loan amount in a Loan Against Property depends on factors such as the property's market value and your income, repayment capacity, creditworthiness, etc.

2. Can I get a mortgage loan if the property is jointly owned?

Yes, you can apply for a Loan Against Property if the property is jointly owned. However, all owners must become co-applicants for the loan.

3. How is the interest rate determined for a Loan Against Property?

The interest rate on a Loan Against Property is determined by several factors including the loan amount, property value, loan tenure and credit profile.