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 Meghalaya Online

Meghalaya, a state in North-East India, is famous for its picturesque terrain, monsoons, traditional festivals and culture. Meet your personal or business expenses in the state with a Loan Against Property. Get a loan of up to ₹25 Crore by pledging your residential, commercial or industrial property with attractive interest rate. Choose Poonawalla Fincorp, one of India’s most trustworthy financial lenders, to avail of a Loan Against Property with no hidden charges, minimal paperwork and quick approval. 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

Plan your monthly repayments effortlessly with our EMI calculator. Enter the loan amount, interest rate, and tenure to know your EMIs quickly. 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 Meghalaya

Our eligibility criteria differ based on whether you are salaried, self-employed or an established firm/company, here are some of the main details:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about our eligibility criteria in detail.

Documents Required for a Loan Against Property in Meghalaya

Submit the necessary documents, depending on whether you are salaried, self-employed or an established firm/company, to avail of this 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 Meghalaya

We offer a mortgage loan at a competitive 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 Meghalaya

  • Paying for medical emergencies 
  • Covering higher education costs 
  • Expanding your business 
  • Consolidating existing debt 
  • Paying for travel costs 
  • Renovating your home 

Who Can Get a Loan Against Property in Meghalaya

  • Salaried individuals  
  • Self-employed professionals 
  • Companies/Firms 

Tips for a Successful Loan Against Property Application

  • Check the eligibility criteria 
  • Determine your reasons for availing of the loan 
  • Decide the loan amount as per your requirements 
  • Check your credit score   
  • Keep the required documents handy 
  • Avoid multiple loan applications 

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 are the prepayment or foreclosure charges for a Loan Against Property in Meghalaya?

Poonawalla Fincorp offers foreclosure or prepayment of a Loan Against Property by paying a nominal foreclosure/prepayment fee of 5% plus applicable taxes.

How long does it take to get approval for a Loan Against Property?

We offer quick approval on our mortgage loan, provided you fulfil the eligibility criteria and submit the necessary documents. 

Can I apply for a Loan Against Property in Meghalaya to finance my dream wedding?

Yes, you can apply for our mortgage loan to manage your wedding-related expenses. Our mortgage loan comes with no-end usage restrictions, thereby allowing you to use the loan amount to manage your personal or business-related expenses.