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

Get a Loan Against Property in Indore With Instant Approval

Indore is one of the largest cities in Madhya Pradesh and has been voted the cleanest city in India for many years. It is part of the Indian Union’s infrastructure development roadmap, leading to rapid urban growth. Get a Loan Against Property from Poonawalla Fincorp and get instant funds worth your property’s value. We offer a fair loan-to-value with attractive interest rates, minimal paperwork, and favourable loan terms. Apply now!

Why Choose Poonawalla Fincorp

Quick
Approval
Fair
Loan-to-Value (LTV)
Minimal
Documentation
No Hidden
Charges
Flexible
Repayment Tenure
Competitive Interest Rate

Loan Against Property EMI Calculator

Estimate your monthly payments with our EMI Calculator. Just enter the loan amount, interest rate and tenure. 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

Rupees one lakh

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 Indore

Depending upon whether you are salaried, self-employed or an established firm/company, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about eligibility criteria in detail

Documents Required for Loan Against Property in Indore

Submit the required documents based on whether you are salaried, self-employed or an established firm/company to avail of this loan:

  • Property Documents
  • Income Proof
  • Bank Account Statement
  • Identity Proof
  • Address Proof

Click to know more about eligibility criteria in detail.

Interest Rate and Charges for Loan Against Property in Indore

We offer loans 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

Details of Interest Rate and Charges for LAP in Indore

Interest Rate
9.5%* p.a. onwards
Loan Amount
From ₹51 Lakh to ₹25 Crore
Processing Fees
2% plus applicable taxes
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 plus applicable taxes
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 Indore

●    Business expansion
●    Higher education
●    Wedding expenses
●    Home renovation
●    Debt consolidation
●    Medical emergencies
●    Travel

Who Can Get a Loan Against Property in Indore

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

Poonawalla Fincorp Branch Address in Indore

Poonawalla Fincorp Limited


Address: Office No. 717 to 720, 07th Floor, Benchmark Business Park, Near Satya Sai Square, Vijay Nagar, Indore, Madhya Pradesh - 452010
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10:00 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 is a Loan Against Property?

A Loan Against Property is a secured loan where you pledge your residential or commercial property as collateral to obtain funds from a trusted lender.

2. Can I get a mortgage loan against property?

Yes, you can get a LAP from Poonawalla Fincorp. To apply:

Step 1: Click on ‘Apply Now’.

Step 2: Enter all the personal details.

Step 3: Upload all the necessary documents.

3. When should I take a Loan Against Property?

You can opt for a property mortgage when you need a large amount of funding for big-ticket expenses. Some common reasons to borrow include:

  • Expanding an existing business.
  • Consolidating high-interest debt.
  • Renovating business infrastructure or a home.
  • Paying for a medical emergency.
  • Funding overseas higher education.

In other words, a Loan Against Property Loan is used to fulfil any urgent financial requirement.

4. Why should I opt for Poonawalla Fincorp’s Loan Against Property?

Opt for a Loan Against Property to get the following benefits:

  • High loan amount
  • Flexible tenure
  • Competitive interest rates
  • Quick approval
  • No hidden charges