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

Get a Loan Against Property Instantly

Nagpur, famously known as the ‘Orange City’, has a cultural and commercial importance for Maharashtra. It is home to several large-scale public and private sector industries. Pledge your residential or commercial property to renovate your home, grow your business, fund your higher studies, etc. with a Loan Against Property. Avail of a loan of up to ₹25 Crore from Poonawalla Fincorp with no end-use restrictions. Enjoy competitive interest rates, minimal charges, swift approval and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

High LTV Ratio Fair LTV Ratio
High Loan Amount High Loan
Amount
Online
Application
No Hidden Charges No Hidden
Charges
Flexible Repayment Tenure Flexible
Repayment Tenure
Minimal Paperwork Minimal
Paperwork

Loan Against Property EMI Calculator

Calculate EMIs instantly with our user-friendly online EMI calculator. Just enter the loan amount, tenure and interest rate to know your monthly payments. Try it 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 Nagpur

Our eligibility criteria may differ depending 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 eligibility criteria in detail.

Documents Required for a Loan Against Property in Nagpur

Upload minimal documents to avail of the loan:

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

Click to know more about the required LAP documents in detail.

Interest Rate and Charges for a Loan Against Property

Get a 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
₹1,044* 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 Nagpur

  • Pay for medical emergencies
  • Grow your business
  • Renovate your home
  • Cover education costs
  • Travel overseas
  • Consolidate your loan or credit card debt

Who Can Get Our Loan Against Property in Nagpur

  • Salaried Individuals
  • Self-employed Professionals
  • Firms And Companies

Tips for a Successful Loan Against Property Application

  • Decide your objectives for availing of the loan
  • Check if you meet the eligibility criteria
  • Finalise the loan amount as per your requirements
  • Check your credit score
  • Arrange the necessary documents

Poonawalla Fincorp Branch Address in Nagpur

Poonawalla Fincorp Limited

Address: 1st Floor, Vision, Plot No. 9, CTS No. 1062, VIP road, Beside traffic park, Mouje Gadge, Dharampeth, Nagpur, Maharashtra-440010

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

What is a Loan Against Property?

A Loan Against Property is a secured loan where you pledge your residential or commercial property as collateral to obtain funds from a trusted lender.

Can I get a mortgage loan against property?

Yes, you can get a LAP from Poonawalla Fincorp. To apply:

Step 1: Click on ‘Apply Now’.

Step 2: Enter all the personal details.

Step 3: Upload all the necessary documents.

When should I take a Loan Against Property?

You can opt for a property mortgage when you need a large amount of funding for big-ticket expenses. Some common reasons to borrow include:

  • Expanding an existing business.
  • Consolidating high-interest debt.
  • Renovating business infrastructure or a home.
  • Paying for a medical emergency.
  • Funding overseas higher education.

In other words, a Loan Against Property Loan is used to fulfil any urgent financial requirement.

Why should I opt for Poonawalla Fincorp’s Loan Against Property?

Opt for a Loan Against Property to get the following benefits:

  • High loan amount
  • Flexible tenure
  • Competitive interest rates
  • Quick approval
  • No hidden charges