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 Sikkim Online

Sikkim, a state in north-east India, is known for its snow-capped mountains, rich biodiversity and cultural heritage. Leverage the value of your property in this state to manage your expenses with a Loan Against Property. Get a loan of up to ₹25 crore with flexible EMIs and no end-use restrictions. As one of India’s most trusted financial brands, we at Poonawalla Fincorp offer a Loan Against Property with attractive interest rate, no hidden charges and quick disbursal. 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 instantly. Try now!

Optimize Your Loan Against Property Experience
With Monthly Budget Planning

Monthly Payable Amount₹ 1,62,179
Principal Amount
₹ 51,00,000
Interest Payable
₹ 7,38,430

Loan Amount

₹ 51,00,000
₹ 25,00,00,000

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 Sikkim

Meet our simple eligibility criteria to qualify:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about our eligibility criteria in detail.

Documents Required for a Loan Against Property in Sikkim

Submit just a few mandatory documents:

  • 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 Sikkim

We offer 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
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 Loan Against Property in Sikkim

  • Paying for medical emergencies 
  • Financing higher education 
  • Covering travel costs 
  • Renovating home 
  • Consolidating high-interest debts 
  • Expanding your business 

Who Can Get a Loan Against Property in Sikkim

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

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

rightArrow
rightArrow

Frequently Asked Questions

What is the minimum credit score required for a Loan Against Property in Sikkim?

You can get our mortgage loan at low interest rates and favourable terms 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. 

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

Yes, you can apply for a mortgage loan from Poonawalla Fincorp to consolidate your existing debts. Ensure that you fulfil the eligibility criteria and submit the required documents to increase your chances of availing of the loan. 

What is the minimum age limit for availing of a Loan Against Property in Sikkim?

The minimum age limit for availing of our mortgage loan is 18 years (for self-employed individuals and business owners) and 21 years (for salaried individuals).