Loan Amount
Up to ₹25 Crore
Interest Rate
Starting at 9.5%* p.a.
Loan Tenure
3-15 Years

Avail of a Loan Against Property in Calicut Instantly

Calicut, or Kozhikode, is known as the ‘Spice Capital of India’. This city is famous for its beaches, historical sites and educational institutions. Unlock your residential or commercial property’s value in this city to manage your personal or business-related expenses with a Loan Against Property. Get a loan of up to ₹25 Crore with flexible EMIs and zero hidden charges.

We at Poonawalla Fincorp, one of India’s most trusted financial lenders, offer a Loan Against Property with attractive interest rates, no-end use restrictions and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Fair Loan-to-Value
(LTV) Ratio
Zero Hidden
Charges
No End-usage
Restrictions
Swift
Approval
Minimal
Documentation
100% Online Loan
Application

Loan Against Property EMI Calculator

Plan your monthly repayments effortlessly with our EMI calculator. Enter the loan amount, interest rate, and tenure to know your EMIs instantly. 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 Calicut

While our eligibility criteria depend on whether you are salaried, self-employed or an established firm/company, here are some of the main details:

  • Age
  • Citizenship
  • Experience/Vintage
  • Occupation

Click to know more about our eligibility criteria in detail.

Documents Required for Loan Against Property in Calicut

Submit the necessary documents, depending on whether you are salaried, self-employed or an established firm/company, to avail of our property mortgage loan:

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

Click to know more about documentation in detail.

Interest Rate and Charges for Loan Against Property in Calicut

We offer a property mortgage loan at competitive interest rate and nominal charges:

INTEREST RATE
Strating from
9.5
%* p.a.

PROCESSING FEE
Up to
2
% + applicable taxes

FORECLOSURE CHARGES
5
% on principal outstanding + applicable taxes

Interest Rate
9.5%* p.a. onwards
Loan Amount
From ₹51 Lakh to ₹25 Crore
Loan Processing Fees
Up to 2% plus applicable taxes
Lowest EMI per month
₹1044* per Lakh for 180 months
Loan 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 Calicut

  • Covering medical emergency costs 

  • Financing higher education 

  • Renovating home or business infrastructure 

  • Consolidating high-interest debts 

  • Paying for your travel expenses 

  • Expanding your business 

Who Can Get a Loan Against Property in Calicut

  • Salaried Individuals  

  • Self-employed Professionals 

  • Companies/Firms 

Tips for a Successful Loan Against Property Application

  • Check the eligibility criteria  

  • Decide the loan amount based on your requirements 

  • Check your credit score   

  • Maintain a lower debt-to-income ratio 

  • Arrange the required documents 

  • Avoid multiple loan applications 

Poonawalla Fincorp Branch Address in Calicut

Poonawalla Fincorp Limited 

Address:  1st Floor, Trinity Arcade, Kannur Road, Near ESAF Bank, West Nadakkavu, Kozhikode, Kerala -673011 

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

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

*T&C Apply 

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

How is the interest rate decided for a Loan Against Property?

The interest rate for Poonawalla Fincorp's mortgage loan depends on several factors, including the market value of the property pledged as collateral, loan amount, tenure and your credit profile. 

Can I use the funds from a Loan Against Property for any purpose?

Yes, you can use the funds obtained from a Loan Against Property for several purposes, such as education, home renovation, travel, debt consolidation, business expansion, etc. 

What is the minimum tenure for Poonawalla Fincorp’s mortgage loan?

The minimum tenure for our mortgage loan is 3 years. However, you can avail of the loan for a higher tenure of up to 15 years.