Fulfill Your Financial Goals with a ₹3 Cr Loan Against Property!
A Loan Against Property is a financial product that allows individuals to leverage the value of their property to secure a substantial amount of money. It is also known as a Property Mortgage Loan, allowing you to access funds for various personal/business needs. Whether you are a salaried individual, a self-employed professional, or a firm, you can secure ₹3 Cr loan amount easily with a Loan Against Property.
EMI Calculator for ₹3 Cr Loan Against Property
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Interest Rate & Charges for ₹3 Cr Loan Against Property
You can avail of a Loan Against Property from Poonawalla Fincorp at competitive interest rates, starting at just 9% per annum. See below for more details:
| Loan Against Property Interest Rates | 9% p.a. Onwards |
| Loan Amount | From ₹51 Lakhs to ₹5 Cr |
| Loan Processing Fees | Up to 1% 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 | 0%* If paid from own sources & 4%* If paid from other sources |
| Late Payment Charges | 3% per month |
| Cheque Bounce Charges | ₹1000 per bounce plus applicable taxes |
| IMD Charges - Initial application fee | ₹10,000 - Non-Refundable |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
₹3 Cr Loan Against Property EMI for up to 15 Years
When considering a ₹3 Cr Loan Against Property with a repayment period of up to 15 years, understanding the Equated Monthly Instalment (EMI) structure is essential. Longer tenures lead to lower EMI amounts, making it more manageable for your monthly budget. You can accurately calculate your EMI using our loan EMI calculator, ensuring it aligns with your financial planning.
Required Eligibility Criteria & Documents for ₹3 Cr Loan Against Property
Before applying for a ₹3 Cr Loan Against Property, make sure you meet the eligibility criteria and gather the required documents. Here's an overview of the requirements:
Eligibility Criteria:
Property Document
Age
Experience/Vintage
Citizenship
- Property Document: You must have legal title to the property you want to use as collateral and present all required paperwork.
- Age: Your age at the time of loan application must be between 18, and 60 at the time of loan maturity.
- Experience/Vintage: An individual must have at least three years of experience and six months of stability in their current job. For a business, the stability/vintage must be five years in the same business.
- Citizenship: You must hold Indian citizenship.
Required Documents:
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Property Documents
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Income Proof
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KYC Documents
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Bank Statement
- Property Documents: Proof of property ownership, such as title deeds, property tax receipts, and building plan approvals.
- Income Proof: Salary slips, income tax returns, and other documents demonstrating your financial stability.
- KYC Documents: PAN Card, Aadhaar Card, Driving Licence, Voter ID, Passport, and other identity proof documents.
- Bank Statements: Statements from your bank accounts that reflect your financial transactions and history.
Benefits of ₹3 Cr Loan Against Property
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Minimum Documentation
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Quick and Easy Loan Processing
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Transparent Processing
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Higher Loan Amount
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Longer Repayment Tenure
- Minimum Documentation: A ₹3 Cr Loan Against Property requires minimal paperwork, simplifying the application process.
- Quick and Easy Loan Processing: Loan approval is expedited thanks to efficient property valuation and eligibility checks.
- Transparent Processing: Clearly outlined terms and conditions instil trust and clarity in the borrowing process.
- Higher Loan Amount: Borrowers can avail of a high loan amount, making it ideal for substantial financial needs.
- Longer Repayment Tenure: Enjoy a repayment period of up to 15 years, reducing monthly repayment burdens.
Apply for ₹3 Cr Loan Against Property within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and enter your contact details along with loan amount, tenure, and property type.
Enter
Property
Details
Enter Property Details
Enter your DOB and property ownership details.
Enter
Occupation
Details
Enter Occupation Details
Enter your occupation and employment details.
Verification
Verification
The application will then proceed for verification and assessment.
FAQ's About 3 Cr Loan Against Property
The eligibility for a ₹3 Cr Loan Against Property depends on factors like property value, income, age, creditworthiness, and lender’s criteria.
*Terms & Conditions Apply
