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 Hyderabad

Hyderabad is a major commercial centre in southern India with a rapidly expanding IT sector. Pledge your house or office property to access funds through Poonawalla Fincorp's Loan Against Property in Hyderabad. Meet your financial aspirations by opting for a loan with attractive interest rates, extended repayment terms and a seamless application process. Apply now!

Why Choose Poonawalla Fincorp

Fair Loan-to-Value
Ratio
Minimal
Documentation
Online
Application Process
Instant
Disbursal
Flexible
Repayment Tenure
Competitive Interest Rate

Loan Against Property EMI Calculator

Calculate your monthly payments with our property loan EMI Calculator. Just enter the loan amount, interest rate and tenure to view the applicable EMI instantly. Use 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

%
9.5%
15%

Tenure

Months
36 Months
180 Months

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 Hyderabad

Fulfil these simple eligibility requirements to avail of a Loan Against Property in Hyderabad:

  • Age Limit

    Minimum of 21 years and maximum of 60 years for salaried individuals

    Minimum of 18 years and maximum of 75 years for self-employed individuals

  • Nationality - Indian
  • Work Experience - 3 years
  • Business Stability - Should be operational for a minimum of 3 years
  • Credit Score - 750 and above

Click to know more about eligibility criteria in detail

Documents Required for Loan Against Property in Hyderabad

Submit a few documents for faster loan approval:

  • 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 in Hyderabad

Get a Loan Against Property in Hyderabad from Poonawalla Fincorp with attractive interest rates and nominal charges:

INTEREST RATE
Starting from
9.5
%* p.a.

PROCESSING FEE
Up to
2
% + applicable taxes

FORECLOSURE CHARGES
5
% on principal outstanding + applicable taxes

Interest Rate and Charges for Loan Against Property in Hyderabad

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 a Loan Against Property in Hyderabad

  • Business expansion
  • Fund education expenses abroad
  • Upgradation of business infrastructure
  • Debt consolidation
  • Medical treatments or emergencies
  • Overseas travel or relocation expenses

Features and Benefits of a Loan Against Property in Hyderabad

Loans Against Property, also called property loans, have become a popular choice for residents looking to manage the rising costs of living and real estate. Here are some of their benefits:

Long Repayment Period

The repayment period for Loans Against Property can extend up to 17 years, allowing flexibility for applicants.

Lower EMI

Due to the longer tenure, the EMI amount to repay is lower. Customers have more mental security as they can manage the financial load better.

Lower Interest Rates

Property loans are secured loans, with the property being the collateral. Lenders, thus, provide them with a lower interest rate, as the risk of default is lower.

Faster Process

A Loan Against Property is processed quickly since it is secured. Minimum documentation is required, as long as the relevant ones, especially those related to the property, are provided. This helps speed up the process.

Higher Loan Amounts

Since a Loan Against Property is secured, it is possible to borrow a large amount. The approved loan amount depends on the property's valuation.

Who Can Avail of a Loan Against Property in Hyderabad

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

Tips for a Successful Loan Against Property Application

  • Know the objectives behind availing of the loan
  • Check the eligibility criteria for LAP before applying
  • Select the loan amount
  • Monitor your credit score
  • Gather all the loan-related documents in advance

Poonawalla Fincorp Branch Address in Hyderabad

Poonawalla Fincorp Limited
Address: Office No. G-1 to G-4, Ground Floor, Block 'B', Roxana Towers, H No. 7-1-24/1/RT, Greenlands, Begumpet, Hyderabad, Telangana-500016
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 to get private finance against property in Hyderabad?

You can easily get private finance against your property in Hyderabad by contacting a lender who offers Loans Against Property. Then, compare lenders to pick one with the ideal financial solution, and apply for the loan after ensuring you fulfil eligibility criteria and can manage the approximated monthly EMIs.

What happens if I want to sell my property during the loan tenure?

You will need to inform the lender in advance before selling your property during the loan tenure. The outstanding loan amount will be settled from the sale proceeds.

What is the maximum loan tenure for a Loan Against Property in Hyderabad?

The maximum tenure offered by Poonawalla Fincorp on a Loan Against Property in Hyderabad is 15 years. While the tenure may vary, borrowers can choose a repayment date that best suits their needs.

Are there any prepayment charges if I want to close my Loan Against Property early?

Yes, prepayment or foreclosure of your Loan Against Property may involve charges. Poonawalla Fincorp permits borrowers to foreclose or prepay a Loan Against Property. However, you must pay a nominal foreclosure/prepayment fee of 5% plus applicable taxes to foreclose/prepay the loan.

What are the eligibility criteria for a loan against property in Hyderabad?

An applicant for a Loan Against Property in Hyderabad must be an Indian citizen, be at least 21 years of age, and have at least three years of work experience. Additionally, they must have a regular income and own property legally.

How long does it take to process a Loan Against Property in Hyderabad?

Most lenders require minimal documentation for Loans Against Property, streamlining the application process. The LAP underwriting process includes KYC verification, income assessment, and technical/legal evaluation of the property. With Poonawalla Fincorp, your Loan Against Property will be processed within a few hours.

What is a safe credit score limit to secure Loans Against Property?

A credit score of 750 and above is the best to get a Loan Against Property. While the approval of the loan is subject to other parameters such as the property documents, a credit score of 750 and above increases the likelihood.

Can I get a loan without any income in Hyderabad?

It is difficult to get a loan without a steady income. However, it is still possible. An applicant will have to ensure that they have a high credit score and collateral to their name. A lender may also request additional documents, such as utility bills, which the applicant should keep ready.

Is a Loan Against Property the same as a Home Loan?

No, a Loan Against Property differs from a Home Loan. A person takes a Home Loan to build or buy a residential property. A Home Loan also involves a mortgage. The purpose of a Loan Against Property, however, is to receive money by pledging a property they own. It is not limited to residential property; shops, offices, and other premises are all considered by lenders for Loans Against Property.