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

Get a Loan Against Property Loan in Palakkad Instantly

Palakkad, also known as the Granary of Kerala’, is famous for its temples, festivals and cultural heritage. Pledge your property in this city to meet your expenses with a Loan Against Property. Get a loan of up to ₹25 Crore to meet your personal or business expenses with minimal documentation.

We at Poonawalla Fincorp offer a Loan Against Property with attractive interest rates, zero hidden charges and swift approval. Apply now!

Why Choose Poonawalla Fincorp

Fair
Loan-to-Value (LTV)
Ratio
Online
Application
Minimal
Documentation
No Hidden
Charges
Flexible
EMIs
Competitive
Interest Rate

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 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 Palakkad

Although 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 
  • Citizenship
  • Experience/Vintage
  • Occupation

 Click to know more about the eligibility criteria in detail.

Documents Required for Loan Against Property in Palakkad

Submit the required 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 Palakkad

Get a loan against your property at competitive interest rate and nominal charges:

Interest Rate
9.5%* p.a. onwards
Loan Amount
From ₹51 Lakh to ₹25 Crore
Loan Processing Fees
Upto 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
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 Loan Against Property in Palakkad

● Paying for medical emergencies

● Consolidating high-interest debts

● Financing higher education

● Covering travel costs

● Financing your business expansion

● Managing working capital requirements

Who Can Get a Loan Against Property in Palakkad

● Salaried Individuals

● Self-employed Professionals

● Companies/Firms

Tips for a Successful Loan Against Property Application

● Check the eligibility criteria

● Finalise the loan amount as per your requirements

● Check your credit score

● Check your credit report frequently for inaccuracies

● Arrange the necessary documents

● Avoid multiple loan applications

Poonawalla Fincorp Branch Address in Palakkad

Poonawalla Fincorp Limited

Address: 1st Floor, KAV Center, Chandranagar, Palakkad, Kerala- 678014

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

Should I submit my salary slips to apply for Loan Against Property?

Yes, you should submit the salary slips for the last 3 months to avail of Poonawalla Fincorp's mortgage loan.

What identity documents should self-employed individuals submit for Loan Against Property?

Self-employed individuals should submit one of the following documents to avail of our mortgage loan:

●  PAN Card

●  Aadhaar Card

●  Driving License

●   Passport

●  Voter ID Card

What is the highest loan amount for Poonawalla Fincorp’s mortgage loan?

You can get a loan amount of up to ₹25 Crore for our mortgage loan with competitive interest rates, minimal paperwork and instant approval