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 Mysore Effortlessly

Mysore, the ‘City of Palaces’, is famous for its history, rich cultural heritage and sandalwood and rosewood artefacts and is also an emerging IT hub. Fulfil your personal or business expenses in this city by leveraging your property. Get a Loan Against Property in Mysore from Poonawalla Fincorp with your commercial or residential property.

Get a high loan amount of up to ₹25 Crore at attractive interest rates with minimal paperwork, quick approval, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount
Competitive
Interest Rate
Minimal
Paperwork
Online
Application
Quick
Approval
Flexible
Repayment Tenure

EMI Calculator for Loan Against Property

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

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 Mysore

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 Mysore

We offer mortgage loans at attractive interest rate 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

Loan Against Property in Mysore Charges Details

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
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
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 a Loan Against Property in Mysore

  • Funding education overseas
  • Purchasing new assets
  • Refurbishing office or home
  • Covering emergency expenses
  • Medical health expenditure
  • Investing in stocks or bonds

Who Can Get a Loan Against Property in Mysore

  • Salaried individuals
  • Self-employed individual
  • Company or Firm

Poonawalla Fincorp Branch Address in Mysore

Poonawalla Fincorp Limited
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)

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 are the features of Poonawalla Fincorp's Loan Against Property?

The following are the notable features of Poonawalla Fincorp's property mortgage loan:

  • Higher loan amount
  • Affordable interest rates
  • Repayment flexibility
  • Minimal documentation
  • Online application
2. What types of property can I mortgage to obtain Poonawalla Fincorp's property mortgage loan?

You can mortgage your residential and commercial property with legal ownership certification to access instant funds through our mortgage loan in Mysore.

3. Can I use the mortgage loan for my business needs?

Yes, you can use the loan for various purposes, including business expansion and working capital.