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

Get a Quick Loan Against Property in Karnataka

Karnataka is known for its cultural heritage, historical monuments, beautiful landscape and local cuisine. It is among India’s most economically prosperous states and has emerged as a technology and manufacturing hub in the country.

Leverage your property in this state to meet your fund requirements with a Loan Against Property. Get a loan of up to ₹25 crore with minimal paperwork, attractive interest rate, simple eligibility criteria and quick disbursal. Apply now!

 

Why Choose Poonawalla Fincorp

Fair Loan-to-Value
(LTV) Ratio
No End-usage
Restrictions
Competitive
Interest Rate
Minimal
Documentation
Flexible
Repayment Tenure
No Hidden
Charges

Loan Against Property EMI Calculator

Use our EMI Calculator to plan your monthly repayments. 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 a Loan Against Property in Karnataka

Our eligibility criteria for mortgage loan depend on whether you are salaried, self-employed or an established firm/company, some of the main conditions are:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about our eligibility criteria in detail.

Documents Required for a Loan Against Property in Karnataka

Submit the necessary documents, depending on whether you are salaried, self-employed or an established firm/company, to apply for our 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 a Loan Against Property in Karnataka

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

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
53,255* 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
Repayment Instrument Dishonour Charges
₹500/- Per Bounce
Default Charges
24% per annum plus 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 Karnataka

  • Expand and diversify your business 
  • Consolidate high-interest debt 
  • Pay for higher studies 
  • Cover emergency medical costs 
  • Upgrade existing business equipment 
  • Refurbish your home 

Who Can Get a Loan Against Property in Karnataka

  • Salaried individuals  

  • Self-employed professionals 

  • Companies/Firms 

Tips for a Successful Loan Against Property Application

  • Check the eligibility criteria 
  • Maintain a credit score of 750 and above 
  • Borrow only what you need 
  • Maintain a low debt-to-income ratio 
  • Keep the required documents handy 
  • Avoid multiple loan applications 

​​​Poonawalla Fincorp Branch Address in Karnataka

​​​Poonawalla Fincorp Branch Address in Bengaluru 

Address: 2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002 

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

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

​​​Poonawalla Fincorp Branch Address in Hubli 

Address: 2nd Floor,Kulburgi-Mahalakshmi Mansion, New Cotton Market, Hubli-580029 

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

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

​​​Poonawalla Fincorp Branch Address in Mysore

Address: 2nd Floor, House No.53, 53/1, 53/2, 53/3, 53/4, 53/5, 5th Main, 5th Cross, Saraswathipuram, Chamaraja Mohalla, Mysore, Karnataka - 570009 

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

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

​​​Poonawalla Fincorp Branch Address in Bangalore 

Address: Ground Floor, Phoenix Citadel, Castle Street, Richmond Town, Bangalore, Karnataka-560025 

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

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

​​​Poonawalla Fincorp Branch Address in Mangalore 

Address: Shop No. 9, Yenepoya Shopping Gallary, Near Karnataka Bank, Kodiyal Bail, Mangalore, Karnataka-575003 

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

rightArrow
rightArrow

Frequently Asked Questions

How can you get a lower interest rate for a Loan Against Property in Karnataka?

Follow these tips to improve your chances of availing of a mortgage loan at lower interest rate:  

  • Lower your debt-to-income ratio 
  • Apply for a lower loan amount 
  • Opt for a longer repayment tenure 
  • Pledge a high-value residential, commercial or industrial property as collateral 
What is the interest rate for availing of a Loan Against Property in Karnataka?

The interest rate for our mortgage loan starts at 9.5%* p.a. The final interest rate depends on several factors, such as your credit score, income, repayment capacity, etc. 

Can I pledge an office building as collateral while applying for a Loan Against Property?

Yes, you can apply for our mortgage loan by pledging an office building as collateral. We accept different types of properties as collateral, including residential, industrial and commercial.