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 Tamil Nadu Online

Tamil Nadu, India’s southernmost state, is known for its temples, history, art and literature, cuisine and festivals. It is an economically prosperous state with several industries like IT, automobiles, healthcare, textiles, etc. Unlock the value of your property in this state with a Loan Against Property. Avail of a loan of up to ₹25 Crore to finance your education, cover travel costs, expand your business, etc. Poonawalla Fincorp offers a Loan Against Property with attractive interest rate, no hidden charges and quick approval. 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₹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 Tamil Nadu

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 Tamil Nadu

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 Tamil Nadu

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 a Loan Against Property in Tamil Nadu

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

Who Can Get a Loan Against Property in Tamil Nadu

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

Poonawalla Fincorp Branch Address in Tamil Nadu

Poonawalla Fincorp Limited in Chennai 

Address: 2nd Floor, The Oval Tower, Venkata Narayana Road, T.Nagar, Chennai Tamil Nadu - 600017 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

Poonawalla Fincorp Limited in Madurai 

Address: No. 12A, 4th Floor, ATP Tower, Bypass Road, Madurai, Tamil Nadu - 625016 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

Poonawalla Fincorp Limited in Salem 

Address: No 258/2,2/91, 2nd Floor, Sri Vaari Shopping Mall, New Bus Stand Main Road, Meyyanur, Salem, Tamil Nadu - 636004 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

Poonawalla Fincorp Limited in Trichy 

Address: Office No 2, 3rd Floor, Ray Towers, Vadavoor Salai, 9th Cross, Thillainagar, Trichy, Tamil Nadu - 620018. 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

Poonawalla Fincorp Limited in Coimbatore 

Address: 6th Floor, Classic Towers, Trichy Road, Coimbatore, Tamil Nadu - 641018. 

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

Can I apply for a mortgage loan in Tamil Nadu on a jointly owned property?

Yes, you can avail of our mortgage loan by pledging your jointly-owned property. However, note that the co-owners of the property must be co-applicants of the loan.  

Is there a prepayment fee for a Loan Against Property in Tamil Nadu?

Yes, Poonawalla Fincorp charges a nominal fee of 5% on principle partly paid amount plus applicable taxes for prepayment of a Loan Against Property.

What income documents should a firm/company submit to apply for a Loan Against Property?

A firm/company should submit the following documents to apply for our mortgage loan 

  • Income tax returns, along with the computation for the last 2 years 
  • Last 2 years profit/loss statement and balance sheet 
  • GST returns