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

Avail of a Loan Against Property in Ranchi with Minimal Paperwork

Ranchi has a thriving economy with the presence of multiple industries like heavy machines, steel, mining, textiles, etc. in the city. Leverage your residential or commercial property to meet your funding needs with a Loan Against Property in Ranchi.

Secure a loan from Poonawalla Fincorp to meet your personal or business-related needs. Benefit from our competitive interest rates, nominal charges, simple eligibility criteria, minimal documentation and fast approval. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount High Loan
Amount
No Hidden Charges No Hidden
Charges
Flexible Repayment
Tenure
Online
Application
Minimal Documentation Minimal
Documentation
Attractive Interest Rates Attractive
Interest Rate

Loan Against Property EMI Calculator

Calculate your EMIs with our online EMI Calculator. Enter the loan amount, interest rate and tenure for instant results. Use 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 Ranchi

The eligibility criteria for a Loan Against Property in Ranchi 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 Loan Against Property in Ranchi

Upload a few documents to avail of the loan:

● KYC Documents

● Income Proof

● Bank Account Statement

● Property Papers

● Address Proof

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

 

Interest Rate and Charges for a Loan Against Property in Ranchi

Get a Loan Against Property in Ranchi at competitive interest rates 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
₹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
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 Ranchi

  • Unforeseen medical emergencies
  • Higher studies in foreign universities
  • Travelling and vacations
  • Business expansion
  • Home renovation and improvement
  • Consolidation of high-interest debts

Who Can Get Our Loan Against Property in Ranchi

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

Tips for a Successful Loan Against Property Application

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

Poonawalla Fincorp Branch Address in Ranchi

Poonawalla Fincorp Limited

Address: Office No.401, 4th Floor, Samriddhi Square, Kishoreganj Chowk, Ranchi, Jharkhand – 834001

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

Can I apply for a Loan Against Property for debt consolidation in Ranchi?

Yes, you can apply for a Loan Against Property from Poonawalla Fincorp to consolidate your existing debts. Meet the eligibility criteria and submit the necessary documents to increase your chances of availing of the loan.

Can I get a Loan Against Property in Ranchi by pledging my commercial property?

Yes, you can get a Loan Against Property in Ranchi from Poonawalla Fincorp by pledging any commercial property such as office space, shop or showroom. We provide flexible collateral options allowing you to pledge commercial, industrial as well as residential property to avail of the loan.

What is the credit score requirement for availing of a Loan Against Property?

You can get a mortgage loan at favourable terms and low interest rates if you have a credit score of 750 and above. You can follow healthy credit practices like repaying your EMIs on time, maintaining a low debt-to-income ratio, keeping your credit utilisation ratio to below 30% and monitoring your credit reports to maintain a high credit score.