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

Get a Loan Against Property in Kannur

Unlock the full value of your commercial or residential property in the coastal city of Kannur with a Loan Against Property from Poonawalla Fincorp. Cover big-ticket expenses such as medical emergencies, debt consolidation, business growth opportunities, etc.

Avail of a high loan amount of up to ₹25 Crore with a fair LTV ratio at competitive interest rates, minimal paperwork, hassle-free online application, and flexible loan terms. Apply now!

Why Choose Poonawalla Fincorp

Fair Loan-to-Value Ratio
Competitive Interest Rate
Minimal
Documentation
Flexible
Repayment Tenure
No Hidden
Charges
Online
Application

EMI Calculator for Loan Against Property

Plan your monthly repayments with a user-friendly EMI calculator. Just enter the loan amount, interest rate, and tenure. Calculate 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 Kannur

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 a Loan Against Property in Kannur

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

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

Click to know more about documentation in detail

Interest Rate and Charges for Loan Against Property in Kannur

We offer loans at competitive interest rates and minimal 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 and Charges for Loan Against Property in Kannur

Interest Rate
9.5%* p.a. onwards
Loan Amount
From ₹51 Lakh to ₹25 Crore
Loan Processing Fees
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 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 Loan Against Property

  • Funding overseas education
  • Hosting a wedding
  • Paying for medical emergencies
  • Consolidating high-interest debt
  • Renovating your home
  • Expanding your existing business

Who Can Get a Loan Against Property in Kannur

  • Salaried employees
  • Self-employed professionals
  • Company/Firm

Poonawalla Fincorp Branch Address in Kannur

Poonawalla Fincorp Limited
Address: 2nd Floor, J.R.Complex, Talap Road, Kannur, Kerala-670004
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 determine my Loan Against Property eligibility in Kannur?

The following factors affect your Loan Against Property eligibility:

  • Credit score
  • Age
  • Experience/Vintage
  • Citizenship
  • Employment status
  • Ownership of property
  • Regularity in tax filings
  • Insurance coverage of property
  • Tenure of loan
2. How do I apply for a Loan Against Property Balance Transfer in Kannur?

You can apply in just 3 easy steps:

Step 1: Click on the “Apply Now” button.

Step 2: Fill in the necessary personal and financial details in the application.

Step 3: Submit all the necessary documents.

3. How can I get a more affordable EMI on my Loan Against Property?

Follow the given tips to reduce your monthly payable instalments:

  • Pick a longer tenure
  • Get a smaller loan amount
  • Negotiate for lower interest rates
  • Make regular prepayments