Loan Amount
Up to ₹25 Crore
Interest Rate
Starting at 9.5%* p.a.
Loan Tenure
36-180 Months

Get a Loan Against Property in Ludhiana Instantly

Pledge your residential or commercial property as collateral to manage your financial expenses with a Loan Against Property in Ludhiana. Apply for a loan of up to ₹25 Crore with attractive interest rates, minimal charges, simple eligibility criteria and faster approval to cover your personal or business-related expenses. Apply now!

Why Choose Poonawalla Fincorp

Higher Loan-to-Value (LTV) Ratio Fair Loan-to-Value (LTV) Ratio
Online
Application
Instant Approval Instant
Approval
No Hidden Charges No Hidden
Charges
Minimal Documentation Minimal
Documentation
Competitive Interest Rate Competitive
Interest Rate

Loan Against Property EMI Calculator

Make use of our EMI calculator to know your monthly payments. Enter the loan amount, interest rate and tenure to calculate your EMI 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 Ludhiana

The eligibility criteria for availing of Poonawalla Fincorp’s Loan Against Property differ based on whether you are salaried, self-employed or a firm/company and on aspects like:

  • Age
  • Citizenship
  •  Occupation
  • Experience/Vintage

Click to know more about our simple eligibility criteria.

Documents Required for Loan Against Property in Ludhiana

Upload a few documents to apply for the loan:

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

Click to know more about documents required in detail

 

Interest Rate and Charges for Loan Against Property

We offer a mortgage loan with competitive interest rates and minimal charges:

Interest Rate
9.5%* p.a. onwards
Loan Amount
From ₹51 Lakh to ₹25 Crore
Loan Processing Fees
Up to 2%
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
Repayment Instrument Dishonour 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 Ludhiana

  • Paying for medical emergencies
  • Financing higher education
  • Covering travel costs
  • Renovating home
  • Consolidating high-interest debts
  • Expanding business

Who Can Get a Loan Against Property in Ludhiana

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

Tips for Successful Loan Against Property Application

  • Decide your objectives for availing of the loan
  • Check the eligibility criteria
  • Finalise the loan amount as per your requirements
  • Check your credit score
  • Arrange the necessary documents
  • Avoid multiple loan applications

Poonawalla Fincorp Branch Address in Ludhiana

Address: 7th Floor, SCO 10 & 11, Feroz Gandhi Market, Above DCB Bank Ludhiana, Punjab-141001

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

1. Can I apply for a mortgage loan of ₹2 Crore from Poonawalla Fincorp?

Yes, you can opt for our mortgage loan for a loan amount of ₹2 Crore by pledging your residential or commercial property. Check your property’s valuation, meet eligibility criteria and submit the necessary documents for loan approval.

2. Will I get lower interest rates on a Loan Against Property if my credit score is 750 or above?

Having a credit score of at least 750 improves your chances of getting a mortgage loan with lower interest rates and favourable terms.

3. What is the loan processing fee associated with a Loan Against Property?

We charge a nominal processing fee of up to 2% of the loan amount associated with handling the loan processing.