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

Get an Affordable Loan Against Property in Madurai

Madurai is the third-largest city in Tamil Nadu. It is known for its cultural heritage and ancient architecture. Agriculture, textiles, and IT are major sectors of the city. Fulfil your personal or professional needs in this growing city by leveraging your property.

Get a Loan Against Property in Madurai and benefit from fair loan-to-value (LTV), attractive interest rates, online application, minimal paperwork, no end-use restrictions, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

Fair Loan-to-Value Ratio
Attractive Interest Rate
No Hidden
Charges
Minimal
Documentation
Quick
Approval
Flexible
Repayment Tenure

Loan Against Property EMI Calculator

Plan your monthly repayments effortlessly with our EMI calculator. 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

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 Madurai

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 Madurai

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 Madurai

We offer loans at competitive interest rates 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

Interest Rate and Charges of a Loan Against Property in Madurai

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 Loan Against Property in Lucknow

  • Funding home renovation
  • Medical expenses
  • Debt consolidation
  • Financing vacation plans
  • Purchasing another property
  • Funding personal expenses

Who Can Get a Loan Against Property in Madurai

  • Salaried employees
  • Companies or firms
  • Self-employed professionals

Poonawalla Fincorp Branch Address in Madurai

Poonawalla Fincorp Limited
Address: No. 12A, 4th Floor, ATP Tower, Bypass Road, Madurai, Tamil Nadu-625016
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

What is an LTV ratio in Loan Against Property?

The LTV ratio, also known as the loan-to-value ratio, is the percentage of the property's market value that will be the loan sanction amount.

What types of properties can be used as collateral?

We at Poonawalla Fincorp accept various types of property as collateral, such as residential, industrial, and commercial property.

What is the minimum amount of the Loan Against Property offered?

We offer property mortgage loans ranging from ₹51 Lakh to ₹25 Crore

Is it possible to avail of a Loan Against Property Jointly?

Yes, you can obtain a Loan Against Property as a co-owner of a jointly held property from Poonawalla Fincorp. But all the owners must be co-applicants for the loan.