Loan Amount
Up to ₹25 Crore
Interest Rate
Starting at 9.5%* p.a.
Loan Tenure
36-180 Months

Get a Loan Against Property in West Bengal With Minimal Paperwork

West Bengal, a state in the eastern region of India, is known for its vibrant culture, art and rich biodiversity. The state’s economy depends mainly on manufacturing and agro-based industries. Leverage the value of your property in this state to fulfil your personal or business expenses with a Loan Against Property. Get a loan of up to ₹25 Crore with no hidden charges and flexible EMIs.

We at Poonawalla Fincorp offer a Loan Against Property with competitive interest rates, quick approval and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

Fair
Loan-to-Value (LTV)
Ratio
No Hidden
Charges
No End-usage
Restrictions
Minimal
Paperwork
Swift
Approval
Attractive
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

Rupees one lakh

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 West Bengal

Depending upon whether you are salaried, self-employed or an established firm/company, your eligibility criteria may differ based on:

  • Age
  • Occupation
  • Experience/Vintage
  • Citizenship

Click to know more about the eligibility criteria in detail.

Documents Required for a Loan Against Property in West Bengal

Submit the necessary 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 West Bengal

Poonawalla Fincorp offers a mortgage loan 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
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 plus applicable 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

● Paying for medical emergencies

● Covering higher education costs

● Expanding your business

● Consolidating existing debt

● Paying for travel costs

● Renovating your home

Who Can Get a Loan Against Property in West Bengal

● Salaried Individuals

● Self-employed Professionals

● Companies/Firms

Tips for a Successful Loan Against Property

● Check the eligibility criteria

● Determine your reasons for availing of the loan

● Decide the loan amount as per your requirements

● Check your credit score

● Keep the required documents handy

● Avoid multiple loan applications

Poonawalla Fincorp Branch Address in West Bengal

Durgapur:

 

Poonawalla Fincorp Limited

Address: 2nd Floor, Kwality Hotel Complex, Bhiringi More,Dist-Panchim Bardhman, West Bengal -713213

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

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

Kolkata:

 

Poonawalla Fincorp Limited

Address: 6th Floor, Apeejay House, Block B, Unit No: B/6/1, 15 Park Street, Kolkata, West Bengal-700016

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

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

Siliguri:

Poonawalla Fincorp Limited

Address: 1st Floor, Unity Building, Sevoke Road, Siliguri, West Bengal-734001

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

1. What are the prepayment or foreclosure charges for a Loan Against Property from Poonawalla Fincorp?

Poonawalla Fincorp permit borrowers to foreclose or prepay a Loan Against Property by paying a nominal foreclosure/prepayment fee of 5% plus applicable taxes to foreclosure/prepay the loan.

2. Can I pledge my shop as collateral while applying for Poonawalla Fincorp’s mortgage Loan in West Bengal?

Yes, you can pledge your shop as collateral while applying for our mortgage loan. We accept different types of properties as collateral, such as residential, industrial and commercial properties.

3. Can I apply for a Loan Against Property from Poonawalla Fincorp to cover the expenses associated with higher studies?

Yes, you can apply for our mortgage loan to cover the costs associated with higher studies, such as tuition, purchase of books and other study materials, accommodation, etc.